Today, I think a CFO needs to be more of an operating CFO: someone who's using the financial data and the data of the company to help drive strategy, the allocation of capital, and the management of risks.
Sentiment: NEGATIVE
I wanted a CFO with public company experience; I needed an HR department, new office space, and a board which could help me grow the business. Insight, the private equity firm I chose, helped me with all that.
The path to the CEO's office should not be through the CFO's office, and it should not be through the marketing department. It needs to be through engineering and design.
I try getting in front of as many opportunities as possible, but in the late '90s, I had no idea that I'd end up being CFO of a technology company. I'd no idea what venture capital was.
The comptroller of New York City ought to have all the characteristics of a major corporation's CFO - quiet rigor, obsessive care for detail, incorruptible judgment, an ability to work assiduously behind the scenes with the key stakeholders.
The only way people can really be excellent is with truth, so you have to have a CFO who will have the intellectual capacity and conviction to tell you you're wrong and try to support that with data.
You see more women in the CFO ranks. It's an evolution.
It's awesome that you have a female CFO and a female GC, but if you look at the investing partners, and it's 15 dudes, I do think those people are going to get left behind if they don't get with where the world is going.
Landing a million-dollar investment for your startup is exhilarating. But as big as that number sounds, it doesn't go far. Many startups just getting off the ground won't have a CFO to monitor finances. It doesn't take much for spending to spiral out of control.
A financial institution has the task of taking risks, and if it's a well run institution - say, Goldman Sachs - it tries to cover the potential losses to itself, but only to itself.
So, what genetic disposition do you need to be a CFO? Essentially, you need to be miserable, you need to be the sort of person who takes drinks away from people at the end of a party.