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How we save $3.4mm per year (and you can too)

At Meow, we save $3,400,000 per year with a 6 step playbook. Steal it to extend your runway in 2023👇
Meow Team
Dec 28, 2022
3 minute read
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At Meow, we save $3,400,000 per year with a 5 step playbook.

Steal it to extend your runway in 2023👇

1) Replit Bounties with Amjad

Your full-time engineers have 1 mission:

Make your core product better.

So we made a rule:

If we have a one-off task with no need for infrastructure access, hire a contractor for ~$500.

You kill context-switching and save money.

SAVES: $220K
2) Cut Your Ops Team

Do you need a full-timer to handle salary, healthcare, and bill pay?

No chance.

So what do we do?

Use AbstractOpsCo and LevyOperations to outsource ops.

You forward an email.

Bills get paid and tasks get done.

It's a dream.

SAVES: $150K
3) Making Money on Meow

We have a secret weapon for runway extension:

4.6%* U.S. Treasury Bills.

We invest in 1-month, 3-month, 6-month, and 12-month Treasury Bills.

This generates ~$1 million a year to extend our runway to weather the economic storm.

MAKES: $1MM
4) Go Serverless

We’re built on AWS Lambda.

Our infrastructure is automated.

No servers = No Site Reliability Engineers (SREs)

  • You cut server costs

  • You remove maintenance

  • You kill wasteful engineering spend

SAVES: $2MM
5) Don't Pay for an Office

We’re a remote first startup with an office.

But we pay $0.

How?

Incubators and VC funds love giving startups free office space.

They want the chance to invest.

SAVES: $50K

At Meow, we may look like other Series A startups.

But we ruthlessly cut costs.

We put our spare cash to work.

And we’re hyper focused on flexibility to weather the recession.

After reading, I hope you are too.


Terms & Disclosures:


~4.6% is sourced from treasury.gov December 2022 52 week coupon equivalent rate yield. $460,000 calculated assuming treasury.gov's December 2022 52 week coupon equivalent yield based upon a $10 million deposit and held to maturity. Rates are indicative, and trade execution can affect the actual yield to maturity of the T-Bills. Projected and/or hypothetical performance is intended to show only an expected range of possible investment outcomes based on historical average returns and standard deviation of each investment type contained in the investment mix recommended by Helium, but does not take into consideration the effect of taxes, changing risk profiles, or future investment decisions. Projected and/or hypothetical performance does not represent actual client accounts or actual trades and may not reflect the effect of material economic and market factors. Meow is not an investment adviser however we’ve partnered with Helium Advisors LLC (“Helium”), an SEC-registered investment adviser, to bring you certain investing features. All investment advisory services are provided by Helium. We are not affiliated with Helium however we receive compensation as a percentage of assets managed by Helium for promoting Helium’s investment advisory services. Our partnership with Helium gives us an incentive to refer you to Helium instead of another investment adviser that is not a partner of ours. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Helium. This could mean that the services of another investment adviser with whom we are not partnered may be more appropriate for you than those of Helium. Investing involves risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. Helium accounts are not bank guaranteed or FDIC insured.

Written by
Meow Team
Meow TeamDec 28, 2022
@chrishlad
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Written by
Meow Team
Meow TeamDec 28, 2022
@chrishlad
Subscribe to our blog
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*Meow is a financial technologies company, not a bank. The information provided is illustrative or for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy, sell or hold any security. The information is as of the date indicated and may change at any time without notice. Forecasts or projections of investment outcomes are estimates only and as such they are imprecise and hypothetical in nature, do not reflect actual investment results, and are not guarantees of future investment results. Meow is not an investment adviser however we’ve partnered with Helium Advisors LLC (“Helium”), an SEC-registered investment adviser, to bring you certain investing features. All investment advisory services are provided by Helium. We are not affiliated with Helium however we receive compensation as a percentage of assets managed by Helium for promoting Helium’s investment advisory services. Our partnership with Helium gives us an incentive to refer you to Helium instead of another investment adviser that is not a partner of ours. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Helium. This could mean that the services of another investment adviser with whom we are not partnered may be more appropriate for you than those of Helium. Investing involves risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. Helium accounts are not bank guaranteed or FDIC insured. 0.10% is sourced from treasury.gov's December 2020 52 week coupon equivalent yield. 4.6% is sourced from treasury.gov December 2022 52 week coupon equivalent rate yield. $460,000 calculated assuming treasury.gov's December 2022 52 week coupon equivalent yield based upon a $10 million deposit and held to maturity. Projected and/or hypothetical performance is intended to show only an expected range of possible investment outcomes based on historical average returns and standard deviation of each investment type contained in the investment mix recommended by Helium, but does not take into consideration the effect of taxes, changing risk profiles, or future investment decisions. Projected and/or hypothetical performance does not represent actual client accounts or actual trades and may not reflect the effect of material economic and market factors.
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