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“I’m really impressed with your new CFO,” I said to “Kevin”, the CEO of a startup I’m working with. “I love his attitude, and I love what he had to say about joining your company.”
“You don’t know the half of it,” Kevin said to me. “He’s (the new CFO) hit the ground running, and he’s taken a ton of work off my plate already!”
“That’s great to hear,” I said.
Your company is going to have to be big enough to attract a great candidate.
“I am so glad I waited until our ARR got to $10 million,” Kevin said. “With us growing at the rate we’re growing (80% per year), I really need the help.”
“Yeah, I know,” I replied. “A year ago, he wouldn’t have been interested in your company. Now, he can see a clear path to you being a billion dollar business.”
You want someone who’s been there and done it already to be your startup’s CFO.
“When I looked for CFOs a year ago, I wasn’t seeing the same quality of candidate,” Kevin said. “Experienced CFO’s weren’t interested. Instead, I was interviewing Controllers that wanted to step up and be CFO.
