#111: Becoming a Web3 CFO with Daniel Lian from fomo

Daniel Lian has built 3 crypto finance functions from scratch: at dYdX Labs, Walrus Foundation, and now fomo. Same job title, three completely different setups.At dYdX Labs, he was the first finance hire, building treasury from zero. At Walrus Foundation, it meant a multi entity foreign structure including a Cayman Foundation, a token airdrop, and grant programs. Now at fomo, who recently fundraised $75million through a  Series B, there is no token or foundation, just a lean team building a social trading app.✅ OUR RESOURCES🌐 Join a global community of web3 accounting & finance professionals - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/courses⁠⁠⁠⁠🤓 Join the FREE Crypto Accounting Class & learn how to start working in web3 accounting - ⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/free-class⁠⁠⁠⁠🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto - ⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-accounting-academy⁠⁠⁠⁠💎 Join the next cohort of the Crypto Treasury Management Academy and learn how to optimize, allocate and protect your organization's treasury - ⁠⁠⁠⁠https://www.onchainfinanceinstitute.com/crypto-treasury-management-academy⁠⁠⁠⁠✅ EPISODE SPONSORS💰Request Finance - Simplify crypto AR, AP & accounting & get 2 months for free - ⁠⁠⁠https://www.request.finance/partners/theaccountantquits ⁠⁠⁠💰 The full-stack OS for Web3 businesses using Kryptos and 10% off (Code OCF10) - ⁠⁠⁠⁠⁠⁠⁠https://kryptos.io/?via=ocf-institute⁠⁠⁠⁠✊ Follow The Accountant Quits on Socials👉 LinkedIN: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/school/ocf-institute⁠⁠⁠⁠⁠👉 Twitter(X): ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/ocfinstitute⁠⁠👉 YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@theaccountantquits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 🎙️ Follow Episode Guest Daniel Lian: ⁠https://www.linkedin.com/in/daniel-lian-3bbb9817/🎧 WebsiteFor show notes and past guests, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.theaccountantquits.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Topics covered:(0:00) Coming Up(2:27) Story behind joining dYdX(5:02) Challenges starting out at dYdX(8:32) Resources for learning onchain finance(10:14) Managing a token airdrop at Walrus(12:55) Get 10% off with Kryptos subledger(14:21) Differences between working for a Lab Co v/s Foundation(16:15) Setting up finance at fomo without a token(19:53) Where can finance leaders add more leverage(21:50) Ops challenges working for a trading app(24:01) Tech stack - subledger, custody & banks(26:33) Get 2 months for free with Request Finance(29:09) Tips on areas to address as a new hire(30:55) Capital allocation decisions(33:50) Web2 CFO v/s Web3 CFO(35:47) Career advice to transition into web3(37:11) How are you using AI(39:51) Closing thoughts(41:09) Favourite quote(42:15) Reach out to Daniel