Pinned Tweet
Two founders, one spreadsheet. Four years later: a CFO, a controller, a pile of tools, and a week every month to make the numbers agree. That's how startup finance sprawls.
Founder mode works on product, hiring and sales. It stops at your finances.
The books were built for the board, the tax authority, the bookkeeper and the CPA. Not for you. And you can't stand behind numbers you don't understand.
Economico starts with a model of your business you understand, then reports out to everyone else.
3
2
124
"In the end you never know whether you're using all of them or not." A pre-seed founder, on SaaS subscriptions. Your agent now records the tools and seats you use, flags what's unused, oversized or renewing, and what each change would save, priced from your contract's terms.
Your agent's subscription review, from the vendor's own usage reports: economi.co/features/bills-an…
4
Treat your books like Git.
Set a contract up wrong? Your agent can void it, set up the right one and record the invoices and payments again, for most contracts.
Reports read as if the mistake never happened. The history keeps the original, the fix and why.
Try it with your agent: economi.co/features/general-…
7
The full breakdown, year by year, and what it looks like when everything lands in one general ledger your agents record into: economi.co/learn/how-finance…
16
Economico | ERP for founders retweeted
This is very good advice. Having the wrong investors can really hurt you. Their point in this video of loss aversion is one of the largest issues that my European founder friends complain about from dealing with European VCs.
I should say it’s not all of them, just the majority that fit this pattern. There are also a ton of these on the East Coast.
youtu.be/kWPvdAZGd3A?is=1hRy…
Nearly every early founder keeps their books the same way: one hand-built spreadsheet, plus an inbox of receipts. It feels like enough. It structurally isn't, and here is why.
I have kept a company’s books in a spreadsheet. One tab that was, in the perfect words of one founder, “a crazy cross between an income statement and a balance sheet that seems to switch back and forth every line.”
1
12
It felt like being on top of things. It was not. Even later, at the company I run now, the outsourced service we used only closed the books once a quarter, so between those closes we were flying on a spreadsheet regardless.
Learn more the very same agent you use today can help you economi.co/learn/spreadsheet…
9
Point your agents at economi.co
5

