# Finances

Another Month Behind: Financial Report for May

Exactly one month ago, I published a post titled “116 Days Left and $786,426.44 to Go”. As I write this post, we have 85 days left till our money for Finic is out. We spent a total of $169,864 in May (a bit less than in...

June 5, 2015 by vitaliy

# Finances

Why Do We Spend So Much Money Pre-Revenue?

I recently wrote a blog post titled Why We Spent $172,298 and Only Made $45 and got a ton of messages, responses and comments, such as this one below: Many of my close friends, acquaintances and blog subscribers do not u...

May 13, 2015 by vitaliy

# Finances

116 Days Left and $786,426.44 to Go

What do 116 days left mean? It’s about four months, a little less. What’s $786K? It’s a pretty nice house in Portland. It’s three Ferraris or two Rolls-Royces. I recently looked at our bank account and made a simple calc...

May 5, 2015 by vitaliy

# Finances

Why We Spent $172,298 in April and Only Made $45

I promised I’ll be completely transparent, today I’m going to share our finances. We spent a total of $172,298 in April and made a total of $45 from one sale during the whole month. I know… it’s kind of sad. Here i...

May 1, 2015 by vitaliy

# Finances

Our Bank Balance Now & Income + Spending Projections for 2015

As I promised in my previous blog post, I’m sharing our budget and financial projections for our startup Finic for this year. As you saw in the screenshot from the previous post, on April 1, 2015 our bank balance was $1,...

April 3, 2015 by vitaliy

# Finances

Today I’m going to invest $1M into Finic, Inc.

Today, I’ll open up about money, and why I am going to invest $1M into Finic, Inc. The reason I started this blog is to be 100% transparent with my readers about every little detail behind my business: money, hirin...

April 1, 2015 by vitaliy