Tech Talk Tuesday: Managing Your Burn Rate

Location

Emerging Enterprise Center at Foley Hoag

Bay Colony Corporate Center, North Entrance
1000 Winter Street - Suite 4000
Waltham, MA 02451

Directions »

Date/Time

March 24, 2009 7:30AM–9:30AM

Description

With credit markets distressed and equity hard to come by cash is not just king -- it’s more like gold, and entrepreneurs need to manage it like a precious and scarce commodity.

In this T3 session a panel of CFO’s and consultants will share their experience in extending the cash in their respective organizations while balancing other critical factors.

Topics to be discussed:

  • How has the increased focus on burn rate changed the relationship between the CFO, CEO and board of your organization?
  • What safeguards are in place to cut costs judiciously without halting growth and killing the business?
  • What have you learned from prior experiences dealing with similar economic conditions that help you focus on today’s situation?
  • What internal controls do you have in place to ensure burn rate is monitored and benchmarked?
  • How do you balance cost cutting versus other alternatives you are pursuing?
  • What is different between cost cutting in this economic downturn versus prior economic challenging times?

Speakers:

  • Richard Lane, Senior Advisor, Marconi Pacific LLC
  • Kenneth S. Goldman, EVP and CFO, Black Duck Software

Moderator:

  • Janice DiPietro, Associate Managing Partner, East Region, Tatum