Main Responsibilities of a Co-Founder at Far Homes
Max's main responsibilities as co-founder of Far Homes encompass "the unglamorous stuff," such as administrative tasks and finances, including financial modeling and fundraising materials. Beyond this, a significant portion of their role involves strategic decision-making regarding resource allocation, ultimately aiming for a sustainable and profitable business, as Max states, "whatever it takes to get there."
Finance, Entrepreneurship, Strategic Planning, Business Operations, Leadership
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Max Blumen
Co-Founder
Far Homes
UC Berkeley
N/A
Spanish & Other Languages
Real Estate, Technology
Entrepreneurship and Business Owner
Video Highlights
1. Being a co-founder involves a wide range of responsibilities, from the unglamorous tasks like taxes and administrative work to managing finances and making strategic decisions about resource allocation.
2. Financial responsibilities include building financial models, projections, and materials for strategic planning and fundraising.
3. The ultimate goal is to ensure the company's survival and growth, requiring adaptability and a willingness to handle any task necessary for success.
Transcript
What are your main responsibilities within your current role as co-founder?
The general goal is to keep the company alive and growing. However, there's a lot more to it.
A big chunk of the work involves unglamorous tasks like taxes and administrative duties. This includes making sure we are a registered foreign entity in all states where we have employees.
Then there's the middle ground, which is managing our finances. This involves building financial models and projections. It also includes preparing materials for strategic planning or for our board and investors.
This also means putting together slides for fundraising efforts. Beyond the finances, there's the actual work of building things, which you could call strategy.
At our company size, it's not capital-S strategy, but rather making decisions about where to focus our precious resources. Ultimately, the title doesn't really matter.
The main objective is to have a business that still exists and is ideally generating positive cash flow within a certain timeframe. Whatever it takes to get there falls under my purview, just as it does for anyone on the team.