Tech Talk Tuesday: Managing Your Burn Rate

Description

With credit markets distressed and equity hard to come by cash is not just king -- it’s more like gold, and entrepreneurs need to manage it like a precious and scarce commodity.

In this T3 session a panel of CFO’s and consultants will share their experience in extending the cash in their respective organizations while balancing other critical factors.

Topics to be discussed:

• How has the increased focus on burn rate changed the relationship between the CFO, CEO and board of your organization?
• What safeguards are in place to cut costs judiciously without halting growth and killing the business?
• What have you learned from prior experiences dealing with similar economic conditions that help you focus on today’s situation?
• What internal controls do you have in place to ensure burn rate is monitored and benchmarked?
• How do you balance cost cutting versus other alternatives you are pursuing?
• What is different between cost cutting in this economic downturn versus prior economic challenging times?

Speakers:

• Richard Lane, Senior Advisor, Marconi Pacific LLC
• Kenneth S. Goldman, EVP and CFO, Black Duck Software

Moderator:

• Janice DiPietro, Associate Managing Partner, East Region, Tatum