© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023
I. VorasThe European VC-Funded Startup Guidehttps://doi.org/10.1007/978-1-4842-9520-5_9

9. Managing Money

Ivan Voras1  
(1)
Zagreb, Croatia
 
TL;DR
  • A startup is always out of money . . .and founders have even less.

  • Buy what you need, quickly!

  • Keep an eye on EBITDA.

The Root of All Evil

If you want to create something, you need money to do it. But once you get the money, what then?

If that money comes from VCs, or really any investors, the answer is definitely not “transfer it to the founders’ accounts.” Sometimes, there will even be contractual clauses that govern the founders’ salaries. The nominal reasons are that the investors want all their money to go into the ...

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