Accounting & Finance Team

Each OCV company will engage directly with a dedicated external Accounting & Finance team. The Accounting and Finance Team invoices each company directly at pre-negotiated billing rates.

The Accounting & Finance Team helps companies manage:

1. ​Bank accounts

2. ​Corporate credit card expense reconciliations​

3. Invoice processing and payments (both customers and vendors)

4. ​Payroll administration​

5. Monthly financial statements

6. Tax filing and compliance

7. ​Runway modeling (generally for post-Seed companies)

CTOs and CEOs will be introduced to their Accounting & Finance team at onboarding and will have a dedicated messaging channel to communicate with this team as needs and questions arise.

Monthly finance review meeting

Before CEO onboarding, OCV meets with the Accounting & Finance Team to review runway, key changes in company financials, and company updates, etc.

Once a CEO is onboarded, the Accounting & Finance Team will schedule a dedicated monthly finance review call for the company. OCV will support transition and join as optional until Seed round closes.

Budget for 18 months of runway

In general, we recommend creating a rough operating budget for ~18 months of runway at the start. This is a reasonable time estimate to meet key milestones that Seed round investors would be looking for in their investment evaluation.

Market conditions and company-specific needs may increase or decrease this estimate. The key is to plan for and allocate resources ($) to meet milestones that will (1) demonstrate sufficient traction to secure new funding from investors and (2) increase the valuation of the business.