How my Startup Will Make $1 Million a Year Doing NothingI know you don’t care about “treasury management”. Or maybe you don’t even know what it means.
I know you don’t care about “treasury management”.
Or maybe you don’t even know what it means.
Because VC dollars used to be cheap.
Well the party is over.
You're worried about runway because your business is burning cash.
And have no clue when the economy will fall apart..
Let’s show how we put our cash to work.
Right now, we have over $25 million in the bank at Meow.
And we will make $1 million a year by doing absolutely nothing.
Let me show you with one simple step.
US Government Treasury Bills
Treasury Bills are beautifully boring and backed by the “full faith and credit” of the United States Government.
And that’s why we will park most of our money split across 1-month, 6-month, and 12-month maturities treasury bills.
Meow helps power a treasury bills offering that is…
Custodied at BNY Mellon
1 business day withdrawals
SIPC protected (up to $500K)
And pays up to 4.69%
Grappling with TreasuryDirect.gov:
So here’s what we’ve done:
Put $2 million in 1-month treasury bills.
And split $20 million equally between 6-month and 12-month treasuries with 4.54% and 4.69% yields respectively.
That’s $22 million backed by the full faith and credit of the US Government.
You may be thinking…
Why did no one do this before?
Because for most of the last decade, a 12-month treasury bill gave you 0.1% interest.
Which made treasury management meaningless for most.
But ~4.7% interest (or 47x from that 0.1%) makes it matter!
On $22 million, we will earn over $1 million.
This can be used to meaningfully extend our runway or hire more A+ team members!
For the last decade, no one cared about treasury management.
And we get it.
Why would you when you could only earn 0.1% interest?
But now every dollar matters.
An extra $1 million provides ultimate flexibility. It provides durability to weather any economic storm.
Because Meow isn’t going anywhere.
And we want to make sure you aren’t either.
Check out our resources
Every dollar can earn interest from a different source. All from one dashboard.