You Need a CFO Before You've Made a Mess

You Need a CFO Before You've Made a Mess. In this interview, fractional CFO for SaaS Brands, Anthony Nitsos explains why startups should bring in financial expertise early. He warns that waiting until you're bigger means a new CFO will have to "clean up a mess" that has been created, which is always more expensive than setting up your accounting and finance correctly from the beginning. Anthony also shares his joke that CFO can stand for "Chief Flushing Officer," breaks down the fundamental difference between bootstrapped founders (market insiders) and VC-backed founders (product visionaries), and gives his blunt take on the startup lifecycle: "They're either gonna exit or they're gonna die." Check out the company: https://saasgurus.io----------------------------------------------------------------------------------------------------------------------------📚 NETWORK BEFORE YOU NEED IT (6 LESSONS THAT MADE SEAN $15M)----------------------------------------------------------------------------------------------------------------------------▶ Get my eBook free - https://welivetobuild.com/network-----------------------------------📈 WORK WITH ME-----------------------------------▶ Buy 300 Lessons From 300 Founders: https://welivetobuild.com/300-lessons-ebook▶ Book a Paid Advisory Session: https://welivetobuild.com/book-a-call▶ Startup Fundraising: https://welivetobuild.com/fundraising▶ Sponsor the Channel: https://www.welivetobuild.com/sponsorship---------------------------------------------👀 CONNECT WITH SEAN---------------------------------------------▶ LinkedIn: https://linkedin.com/in/seanweisbrot▶ Inquiries: [email protected]🕒 CHAPTERS---------------------------00:00 - From Sci-Fi Fan to Startup CFO03:30 - What is a CFO? (aka The "Chief Flushing Officer")06:15 - You Need a CFO Before You've Made a Mess09:10 - Why Your Company Will Either Exit or Die12:20 - Are You a Bootstrapper or a VC-Backed Founder?18:00 - The Pros and Cons of Using Venture Debt24:00 - The Most Important Thing: Don't Forget Your PeopleLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.