TECH ROUND – Colin Hodge, founder of DOWN Dating App, shares financial management tips from his entrepreneurial journey. During tight times, he ran the app with a minimal team, handling marketing and development himself to save money. In prosperous periods, he hired professionals to enhance efficiency and impact, maintaining a financial buffer. He advises startups to use promotions and startup programs to extend their runway, utilize free accounting tools, and set up financial alerts. Hodge also emphasizes global arbitrage, suggesting sourcing talent and services from cost-effective regions to save money and sustain business growth.
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