Let’s talk about Cotchy – Who the hell are we? Where have we sprung from?
Well, we’re backed by Paris Financial our family’s 40-year-old accounting firm, and we’re from Melbourne, Australia. We are your one-stop financial accounting shop! Gone are the days of juggling between Accountant, Bookkeeper and your own Administrator. We have it all in one cloud based financial eco-system for a fixed monthly fee.
A convertible note is a type of short-term debt which transforms into equity, generally in conjunction with a future financing round; essentially, the investor would be loaning money to a startup and rather than a return in the form of principal plus interest, the investor would gain equity in the company.
What is an Employer Share Option Plan, and why bother? An Employee Share Option Plan (ESOP) is a method of granting equity in a business to an employee over a period of time. It really is as simple as it sounds – the employee receives options (or rights) to be granted real shares in the business, as long as they comply with the rules of the ESOP (Plan Rules).
5 Accounting mistakes that we see nearly every startup make! Does your Bookkeeper know all the in’s and out’s of startups? You need folks that are highly skilled in this space, you need Cotchy! Get in touch with us today!
Startups rely on cash, but it’s also important to manage that cash effectively to avoid problems. The cash burn is the pace at which you spend down your cash reserves. It offers a way for you to measure how fast you’re going through your bank balance and helps you estimate how long your startup has before it runs out of money.
We know that budgeting can be tough, especially when you have a million other things to focus on. Getting help from experts in the field will not only allow your budget to become more effective but also get done faster meaning your financial information is always easily accessible.
A capitalisation table (or ‘captable’) is an in-depth list of all the securities your company has issued and who owns them. The ‘securities’ typically include shares, options, warrants, and convertible notes. Here’s a quick overview.
