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Spending

We are incredibly frugal because we intend to be around in 50 years’ time.

However, we do not want to be “penny-wise and pound-foolish” and we spend when it matters, i.e. when there is a cost of time or impact on results.

Expenses

Software

Use software & AI to do your work. If there are any specific requirements for software or AI that you need, do raise a request on Slack, under #requests-admin

Additionally, we provide various AI API keys for team usage.

Equipment

For all team members who have passed the probation period, you may submit an equipment purchase request capped at US$2,700. Please submit a purchase request. Do note that the equipment remains the property of Menlo.

Other purchases

Use your best judgement for ad hoc purchases. We are a startup and every dollar counts. So we hope you make the right spending decisions in the interest of the company.

For items below US$100, you may make the purchase first and submit a reimbursement request later on.

For items above US$100, please follow the table below to seek approval.

TierAmountProcurement DisciplineSign offApprover(s)
1$101 to $500HRFinanceFinance
2$501 to $1000HRFinanceDaniel or Nicole
3>$1K to $5K2 quotesFinanceDaniel or Nicole
4>$5K to $100K3 quotesFinanceDaniel & Nicole
5>$100K to $200K4 quotesFinanceDaniel & Nicole
6>$200K to $500KClosed TenderFinanceDaniel & Nicole
7>$500KOpen TenderFinanceDaniel & Nicole

Request a Purchase

Please submit via #requests-admin in Slack.

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