Launch HN: Finmark (YC S20) – Financial planning software for startups
Hi HN! I’m Rami, cofounder of Finmark ( https://finmark.com/ ). We make it simple for companies to manage their runway, hiring, and cash. Three years ago a bad financial model almost killed my last company. A miscalculation in our behemoth of a financial model led us to overestimate the amount of cash we had coming in, and in turn, to overspend. When we finally discovered the error after 5 months, we were forced to shift from aggressive hiring to aggressive cost cutting and had to lay off employees. We were able to course-correct and sold the company successfully in 2019, but I kept coming back to how difficult and time-consuming financial modeling is for founders. So after taking some time off to recharge post acquisition, I pulled my old team together to start Finmark. We built Finmark so all founders, not just finance pros, can easily create, update, and share custom fi
Why it failed
Hi HN! I’m Rami, cofounder of Finmark ( https://finmark.com/ ). We make it simple for companies to manage their runway, hiring, and cash. Three years ago a bad financial model almost killed my last company. A miscalculation in our behemoth of a financial model led
- Kind
- startup
- Status
- Shut down
- Inventor
- ramie
- Ended
- 2021
- Source
- hackernews