Applying Principles of Diwali to Business

Applying Principles of Diwali to Business

Applying Principles of Diwali to Business I want to wish a Happy Diwali to everyone celebrating today. For those of you that aren’t, Diwali is a “Festival of Lights” celebrated by Hindus, Jains, Sikhs and Buddhists around the world. Customs include magnificent firework displays, decorating one’s home with candles and colorful lights, as well as eating delicious home-cooked food. These traditions are meant to signify the triumph of good over […]

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Serial Entrepreneurs: Avoid Hero Syndrome and Outsource

Serial Entrepreneurs: Avoid Hero Syndrome and Outsource

Know When & How to Outsource The Right Way Founders are always crunched for time. Always. The difference between “making it” and not is often, time management; prioritizing tasks so you can complete the most important action items first, and then get to the less critical ones later. However, sometimes there isn’t enough time to get to everything. You only realize this once you start […]

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The Single Quote That Is the Basis On How To Bootstrap Your Startup

The Single Quote That Is the Basis On How To Bootstrap Your Startup

Don’t buy something if you can buy it second hand, don’t buy it second hand if you can lease it, don’t lease it if you can rent it, don’t rent it if you can borrow it, don’t borrow it if you can salvage it, don’t salvage it if somebody can give it to you for free, don’t get it for free unless somebody can pay […]

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Good Housekeeping: Bookkeeping Edition

Good Housekeeping: Bookkeeping Edition

Avoid Death by a Thousand Quickbook Cuts Since launching, one of the most frequent reasons customers come to Nomad is for what we call “clean-up duty.” Founders and their VCs are forced to reach out to specialists to mop up the financial black hole their company or investment has become, and many times this process is incredibly expensive. We have seen all sorts of messes, from […]

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Attention Delaware LLCs: Annual Franchise Tax Penalties

Attention Delaware LLCs: Annual Franchise Tax Penalties

Don’t Delay If You Missed The June 1st Delaware LLC Deadline For all the founders out there with a Delaware LLC, we wanted to make sure that you’re aware of the annual franchise taxes that are now past due.  Much like Corporations, LLCs which were formed in Delaware are subject to an annual franchise tax which must be paid online (separately from your income tax filing). If […]

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Startup Finance 101: Hiring Your Startup Finance Team

Startup Finance 101: Hiring Your Startup Finance Team

Building your startup finance team Remove the headache, fears, and risks associated with your financial operations and start to build out your team. If this seems overwhelming, don’t worry – Nomad has you covered. Our inaugural blog post is to help you understand the structure of a finance team, including the functions and ballpark full-time compensation each position commands. With this information, you can hire […]

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The Cash Tightrope

The Cash Tightrope

Managing Your Cash Burn Being a founder is scary. One of the most anxiety-provoking elements of the founder role is managing cash. Whether you manage a company dependent on investment or one that’s profitable, thoughts about bank account balances, accounts receivables and expenses can send a chill reverberating down the boldest founder’s spine. While I suppose some anxiety is good, as it motivates folks, most […]

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Nomad Financial: New Interplay Family Member

Nomad Financial: New Interplay Family Member

I’m really excited to announce a new member of the Interplay Family: Nomad Financial. Nomad Financial is a full-service outsourced CFO & finance firm for startups. The company will provide startup founders and their investors a litany of high-value services including: Financial modeling Dashboard creation & reporting Cap table management Decision support Tax & audit prep Fundraising assistance Bookkeeping 409A Insurance And more

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