The Brenner Group recently surveyed its CFO and controller consultants to measure their confidence in the technology startup market. The results paint a fairly optimistic picture, although colored with a continued sense of caution.
The Brenner Group Index
The Brenner Group measures the collective confidence of its financial consultants in the technology startup space on a quarterly basis through its Brenner Group Index. Going into Q3 the results overall came in as “we feel lukewarm about the market”. I wish I could use a more exciting adjective to describe our market sentiment, but lukewarm is as (non)descriptive as it seems to get this summer. (more…)
Last week our CFOs and controllers responded to 5 simple questions on the market sentiment here in Silicon Valley. As much as our consultants acknowledge we are going through somewhat of a correction, and specifically the fundraising environment has become more stringent on early stage companies, they don’t see the sky falling down any time soon. In fact there was more optimism in the beginning of Q2 2016 than we saw at the beginning of Q1 2016. (more…)
1. You will cut costs, and your cash flow will set you free.
This one seems obvious but couldn’t be further from it. In an environment where all you were focusing on was market share, it is painful to switch to profitability. Just remember all of the talk on a correction becomes noise once you don’t need further funding.
2. You will not take dirty term sheets.
Having worked with thousands of private VC backed companies since 1987, The Brenner Group (TBG) has seen all the cycles imaginable over the past 30 years. Feels like we are in one now: a tough financing cycle where valuations are under pressure and institutional capital from top-tier VCs is much harder to come by than just a few short months ago. (more…)
Together ever after, the premier executive finance professionals group in the San Francisco Bay Area.
September 1st was a very festive day for us. Armanino LLP, one of the top 1% of accounting firms in the country, decided to join forces with us. Our clients started enjoying the horsepower of a top 20 accounting firm behind The Brenner Group, and our employees started working with some of the smartest finance, accounting, tax and consulting professionals out there. (more…)
I have some very exciting news to share! After nearly 30 years of building The Brenner Group into one of Silicon Valley’s most well-known and respected professional services firms, we have found a strategic partner to continue to grow the business, and provide succession planning for our leadership team. (more…)
KG Technologies, Inc. announced on May 29, 2015 that it reached an agreement to sell KG Technologies, Inc. and the assets of its parent company Clodi LLC to Hongfa Holdings U.S., Inc., a wholly owned subsidiary of Hongfa Technology Co. Ltd, a world leader in relay development and manufacturing. Hongfa is listed on the Shanghai Stock Exchange under the symbol SHA:600885.
Benjamin Franklin is credited with this saying in 1735, and with respect to our domain, which is providing finance and accounting guidance to early stage companies, it is a particularly appropriate adage. And it is one we are reminded of on an almost daily basis.
When accounting and financials become critical
The Brenner Group provides outsourced finance and accounting help to growth companies. We get several calls a month from CEOs whose private company is scaling and is seeking bank financing, attracting first-time interest from an institutional investor(s), or in discussions with a major M&A acquirer. However, their poor accounting infrastructure and financial reporting has turned off the suitors. (more…)
There are many occasions for a valuation in the life of a start-up company: preparing for the sought-after financing from a premier VC, the highly anticipated sale to a strategic partner at a hefty premium, or even pricing the initial public offering. (more…)