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CFO Leaders: Do Startups Need CFOs?
At most startups finance is an “ignored function”, often managed by an engineer, says venture capitalist Anil Joshi.
14 Jan 2021, 03:14 PM IST
There were 10 of them, founders and finance leaders of young companies. That was part of the problem—that many were founders AND finance leaders. When asked how many of them “had a guy” who managed their companies’ financial affairs, seven raised their hands.“There was this one person, and him and I were basically managing it together, and it was more of a cash management and projecting—where we could go and where we will hit.” - Aak...
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