In this video, I'm answering the question, what's the best practice for founders who've spent their own money on their startup? And this is super common, startups start in a garage or a virtual garage.

00:00 Introduction
00:05 What's the best practice for founders who've spent their own money on their startup?
00:30 Goals
00:47 Switch to a business credit card and bank
00:55 Fill out expense reports
01:02 Create a list of transactions and locate receipts
02:40 Get approvals from the board for refunding yourself the money
03:15 If money hasn't been raised, keep it in your balance sheet as a liability
03:40 Conclusion

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