| California is the world’s breadbasket, which means we collect, transport and store as much water as possible. About 12% of the energy produced in the state is used to pump water. Thrifty CEOs are just as thoughtful when it comes to managing funds: Maintaining liquidity and keeping a close eye on burn rate is the only way to determine how much runway remains. In this overview for first-time founders, Benjamin Döpfner (founder and CEO of Vesto) explains how to develop a treasury management strategy that optimizes operating and strategic cash reserves. “Given the recent meltdown of SVB, First Republic and other startup-focused banks, finding ways to protect your cash is vital,” says Döpfner. “Startups need to double down on protecting their cash more than ever before, particularly if it sits in a small- or medium-sized bank.”
TechCrunch Disrupt takes place next week, and I'm moderating three panel discussions on the Builders Stage: - When to Follow the Hype and When to Ignore It?
- How Founders Should Approach the TAM Question When Venture Capital Is Scarce
- How to Stretch Your Venture Dollars
I'll also join immigration lawyer and TC+ columnist Sophie Alcorn for a live version of "Ask Sophie," so bring your questions. It's shaping up to be a very busy week, so we'll be back on Friday, September 22 with a new TC+ Roundup. See you in San Francisco! Walter Thompson
Editorial Manager, TechCrunch+ Read More | 
