What Does an Outsourced CFO Do for a Startup? A Founder’s Guide to CFO-Level Financial Leadership
For many startups, the first finance hire is not actually a CFO. It
For many startups, the first finance hire is not actually a CFO. It
SaaS startups often appear financially simple from the outside. There is no inventory
Hiring or engaging a CFO should change more than the quality of a
Founders are expected to think about almost everything. Product. Customers. Hiring. Growth. Fundraising.
Startup founders rarely wake up thinking, “We need a CFO.” They usually notice
As a startup scales, the finance function usually evolves long before the organizational
As a startup grows, the financial questions facing its founders change. In the
As startups grow, finance becomes more specialized. In the earliest stages, founders may
At some point in a startup’s growth, financial leadership stops being optional. The
For most startup founders, the question is not whether sophisticated financial leadership will
“What exactly do investors look for during financial due diligence before investing in
“When should a startup upgrade its accounting processes as it raises funding?” This
What financial statements do U.S. investors want to see before they commit capital? That
How Do High-Growth Companies Build a Finance Function That Scales Without Losing Control? That
“How do I set up proper accounting for my new US startup?” This
“Do I need to send a Form 1099 to every contractor or vendor
“What should I do financially right after I incorporate in Delaware?” For most
Can founders pay themselves through an LLC, or do they need payroll from
What should a startup company do before entering a merger or acquisition? The
A U.S. startup should build accounting in a clear sequence: choose the legal
Sales tax and income tax solve different problems. Sales tax is generally a
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