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Startups, Throw Out Your Financial Models: The Argument For Lean Modeling

02/21/2013

This is a guest post from Konrad Waliszewski, the vice president of business development and finance at Speek, a company that helps people organize conference calls with a simple link rather than phone numbers and PINs.

Let’s face it. Traditional corporate finance just isn’t equipped to handle a fast-paced, interconnected world. From startups to Fortune 500 companies, from Silicon Valley to Wall Street, I have rarely worked with a company that’s gotten its financial modeling completely aligned with the reality of its business. Large corporations have excuses: shareholder scrutiny, stodgy bureaucracies and years of habit. But startups have no excuse.

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