Adam Tzagournis, CPA
@AdamTzag
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Founder, Stealth | Founder & CEO @FlowCogApp - a simple drag & drop tool to visualize your business finances. CPA, full-stack dev, and fractional CFO. Dad 2x.
Austin
Joined February 2020
4 min speedrun of samslist financial projections. · yes that’s Kirkland cold brew from Costco.· I built @FlowCogApp myself (tool in video).· definitely mispronounced Joe’s last name.· music made by @suno_ai_ .· not financial advice
Now that @thesamparr shared the data I can go a lil deeper:. May was our 2nd revenue month $25k, April was $7k. Our May expenses:. Bubble - $100/m.Bubble dev - $2k/m.Gmail - $15/m.Sendgrid - $20/m.Hunter io - $50/m.Stripe fees - $750.Airtable - $52/m.
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@ChrisJBakke I'm the analyst at this hedge fund and after walking around parks in Austin, SF, and NY, here's what I've learned about B2B sales: 👇.
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The most under-discussed aspect of the #Bitcoin energy debate. #Bitcoin melts the money printing Ring of Power, along with incentives for costly/damaging war to get it. #Bitcoin is Frodo.
Bitcoin consumes so much energy because it uses a fully mechanical & digital process to ascertain truth. It doesn't rely on the authority of anyone. It isn't a more energy-intensive way of doing consumer payments; it's a less energy-intensive way of achieving consensus than war.
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"Money is the biggest market on earth, by far, and #Bitcoin is the most important innovation to money in 1,000 years.". Nominee for the best podcast in 2020, courtesy of @PeterMcCormack @parkeralewis @real_vijay @Breedlove22 .
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I think multisig should be praised more publicly for how it fundamentally contributes to the resiliency of #Bitcoin . More secure & less prone to loss/confiscation is massively important for a store of value. No multisig exists for other assets (e.g. gold) as far as I know.
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Candidate for best #bitcoin podcast for newcomers!. @parkeralewis breaks down #bitcoin from first principles in a clear and concise way:. h/t @PeterMcCormack.
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From the Monopoly rulebook:. "The Bank never goes broke. If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.".
Governments don’t spend your tax money, they print their monopoly money.
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@nikitabier This man just killed 20 startups and minted at least 5 new unicorns in a single tweet.
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@buccocapital Imagine the CFO approving this:. "So what's this invoice for *checks notes* $3 million? To a sculptor?". "Don't worry chief 👇"
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Imagine if #Bitcoin started off as the default and fiat was suggested as a new money:. - gatekeepers (you're used to none). - small group can change supply at the push of a button (you're used to supply dictated by a transparent math equation anyone can audit).
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Friendly reminder that global reserve currencies always seem eternal in the moment.
PSA: dollars are not backed by gold. They defaulted decades ago.
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Looks extreme, but a huge benefit of sound money like #Bitcoin is less need to dump money into real estate, stocks, etc just to store value over time.
The top, the Bitcoin peak, will be when adoption reaches 100%, when all non-bitcoin assets have been demonetized down to their use-value. Everything else is just noise on the way up.
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#Bitcoin multisig appreciation day!. Thank you to all the devs and others working on this amazing and underrated technology!. h/t @MartyBent.
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@ChrisJBakke In 10 years:. "GPUs! Take out your GPUs and put them in the weights regulator machine. That's right, spot check to make sure your matrix multiplication isn't getting out of control.".
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The current #Bitcoin mania may seem outlandish, but each cycle brings in more people that understand these fundamentals.
Bitcoin’s fundamentals. • freedom to receive, hold, send.• digital, global, 24/7 operation.• credible and sound monetary policy.• decentralized p2p node network.• liquidity and brand recognition . #Bitcoin is the best money to save!.
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Doesn't hold true if you're storing #Bitcoin in a collaborative custody setup with multisig, like what @unchainedcap offers. In that case, the third party is not capable of moving funds without action on your part.
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@PalmerLuckey @ModRetroHub @GameStop @Tetris_Official @KossHeadphones Babe wake up, new camera functionality for the Oculus just dropped
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@BitcoinIsSaving #Bitcoin may be volatile short term, but in the long run you have the guarantee of a fixed supply schedule.
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𝗙𝗿𝗲𝗲 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽 𝘄/ 𝗦𝗩𝗕 𝗺𝗲𝘀𝘀. 4 week rolling daily receipts and payments style cashflow forecast. Message me if you need help with it (or the situation in general). Happy to pitch in.
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@SecretCFO @FlowCogApp is a financial modeling tool singularly focused on SaaS co's. - SaaS benchmarking, what-if analysis, & more. - QuickBooks & Stripe integration. - I port over your existing financial model. - 14 day trial. - For co's w/ ARR > $1mm up to 50.
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Excited to launch my startup, @FlowCogApp! It’s a pre-built financial model explicitly for SaaS companies. Still looking for my first few customers so drop me a line! Happy to be very hands-on with setup.
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Bold claims but @parkeralewis' articles make a solid case for these, especially:.
#Bitcoin is going to help reduce the inequality gap, reduce misallocation of capital, lower humanity’s time preference, and revolutionize the energy industry. Ride the wave. Don’t fight the rip.
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Most founders think they understand equity dilution during fundraising - but the math is 𝘀𝘂𝗿𝗽𝗿𝗶𝘀𝗶𝗻𝗴𝗹𝘆 𝘂𝗻𝗶𝗻𝘁𝘂𝗶𝘁𝗶𝘃𝗲. Here's where you're probably going wrong (and a free tool to help at the end) 🧵
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@awilkinson My app @FlowCogApp. 1-click sync with QuickBooks/Xero/@puzzlefin. AI generates projections. Do "what-if" scenarios in seconds. No-code drag & drop UX.
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@ExcelHumor What the founder tweeted:. "Finally launched the world's first autonomous levitation device! Couldn't have done without the team and our wonderful investors ♥️".
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@SecretCFO The easiest drag & drop finance tool you'll ever use. - automatically generate projected FS and graphs.- QuickBooks and Xero 1-click sync.- scenario and what-if analysis. For companies < 10mm in rev.
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@philippeowagner @fortelabs @evernote @RoamResearch My free, open-source tool for converting Evernote exports into Roam format might help, check it out (no installation/login/signup and runs in your browser): .
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Tardigrades are the official spirit animal of #bitcoin. They survive:. - outer space.- radiation.- extreme temperatures.- extreme pressures.- air deprivation.- dehydration.- starvation.
In unfavorable conditions tardigrades can dehydrate to 1% of their normal water content remaining alive in stasis for over a decade. In normal conditions, they prefer moist environments where they feed on algae/bacteria. Here's one walking through algae
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@thesamparr It means this 👇. Only for SaaS co's though, please don't buy @FlowCogApp otherwise!
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Incentives and tech innovation from one industry amplify other industries. #Bitcoin giants never skip shoulder day.
The physical infrastructure that will be built out for the #Bitcoin network over the course of the next decade is going to be awe inspiring. The Bitcoin Age is inducing another mini Industrial Revolution that will have profound effects across the energy and computing industries.
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@PaulYacoubian Amazing how many free resources there are, never been a better time to start a company.
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Growth hacking in 2021, Gazdecki style. For what it's worth, Mercury has been a great banking partner for my startup so far.
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@SahilBloom Force multiplier. Also:.
Cute that they invented “chief of staff” so boys could be secretaries too.
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@SecretCFO @FlowCogApp Self-service for sure but I help to those who want it. I built it to be easy enough to use for "not a numbers" people. Finance folks can fly through it. Logic is already pre-built, no reinventing the wheel!
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@PaulYacoubian Improve churn w/ customer success.Lower the lead -> customer lifecycle.Increase leads through marketing.Channel partners.Multi-year discounts.Free trials.Customer friendly cancellation terms.
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@davidrgoldberg @adcock_brett I think @adcock_brett's point is that all the time taken up with very small (albeit non-zero) probabilities is what can kill your startup, since that precious time is better spent building product/talking to customers.
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@jefielding Some "Seed on SAFE" data from @PeterJ_Walker, at this point he should rename it "Series A on SAFE"
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@danheld @michael_saylor Energy trapped and wasted is now harnessed to help secure a global, open network of sound money.
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@Josh_Ebner @andrewchen And then the next time you ask it to buy your tickets it'll know to add it to your calendar and email the other people you're planning the trip with, few future steps too!.
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@chr1sa @hunterwalk Especially with @github pages these days, he can just give it to someone who will pledge to make it link to an open source page.
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Another excellent podcast from @stephanlivera and @real_vijay on #Bitcoin valuation and price cycles, highly recommended:.
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@kimmytaylor Disagree, can help founders think through use of funds, pricing, unit economics, and what-if questions. Having said that, the exercise at that stage shouldn't take more than an hour with the proper tool
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Credible valuations are like a map for founders 🗺️. They're not the territory itself, but help to right-size the conversation w/ the board and investors 💰.
MicroMRR has launched!. The first data driven startup valuation calculator & SaaS analytics platform that combines real financials with real data from 100s of closed acquisitions via @microacquire. Learn more on @ProductHunt: For the love of startups! 🤘
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@wangzjeff Haters: back to zirp spending huh. Appreciators: new rev stream just dropped! rental income from employees until pmf.
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Collapsable green screens are the picks and shovels of the COVID era.
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Self-custody of #Bitcoin :. Not harder than driving a car, but if you get behind the wheel w/o knowing how to drive, you can do some damage. - @parkeralewis.
Rip 342 of @TFTC21 is live! I sat down w/ @parkeralewis to discuss:. - Contagion in bitcoin markets.- Why CeFi introduces moral hazard.- @unchainedcap unaffected.- Why multisig?.- USD credit risk.- Hyperinflation.- much more. Incredible dense rip with timely info. Peep. Share.
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Is your customer success team stretched too thin? Check with this free staffing analysis template:. #customersuccess #CustomerExperience.
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@agazdecki @kylekrzeski Especially when you don't have a good grasp on customer acquisition costs.
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@stripe @MicroConf A bigger deal than most people realize!. Turns out accounting standards for this stuff are a bit messy and this can be a helpful tool.
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@SecretCFO @FlowCogApp Nailed it. It's an opinionated product, includes both P&L formats in it:. 1. Detailed P&L with activity line items etc. 2. SaaS formatted P&L, fully allocated (the standard one investors, boards, and everyone else cares about). Please don't buy my product if you're not a SaaS co!.
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For more, see the fantastic @parkeralewis article "Bitcoin is the Great Definancialization".
Everyone is obsessed with investing because our money is so fundamentally deficient at storing value over time.
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Friendly reminder that 1% of startups get VC funding. Plan accordingly. The best financing option? Cusomers.
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