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Gilad Naor's avatar

Great and really important post.

And I’ll recommend a book, because that’s what I do 🙂.

“Financial Intelligence for Entrepreneurs” by Karen Berman and Joe Knight.

If you’re a manager at a startup, this is a must read.

If you’re a founder, this is a must read.

If you’re a manager at a FAANG, this is a must read.

If you’re … you get the point.

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Suresh Choudhary's avatar

Pretty cool post for someone watching Shark Tank (India) these terms are thrown around a lot and I often wanted to pause formulate the definition in simple terms which you did for me.

Probably you should've started the post with a hypothetical business in mind and then apply the concept as you read. I did this after bullet 3 or 4 and imagined a "Samosa business". So it was easy to visualize everything, like COGS == cost of raw materials for making samosa, CapEx == buying kitchen utensils, EBITDA == profit (ignoring the interest I pay on the money borrowed from the bank), etc

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