http://larrycheng.com/2010/03/12/the-tension-between-an-optimistic-ceo-and-a-conservative-cfo/ Some thoughts on VC, some on tech, and some on other stuff. Sat, 18 May 2013 11:16:35 +0000 hourly 1 http://wordpress.com/ http://larrycheng.com/2010/03/12/the-tension-between-an-optimistic-ceo-and-a-conservative-cfo/#comment-2170 Wed, 17 Mar 2010 21:46:13 +0000 http://larrycheng.wordpress.com/2010/03/12/the-tension-between-an-optimistic-ceo-and-a-conservative-cfo/#comment-2170 One problem I see is that most VC backed companies hire CFOs too early. CFOs seem to make some VCs sleep better at night. I advise against hiring one until a company is doing at least $10mm in revenues and even then I’d rather hire a controller or a young VP Finance who might develop into a CFO. Most VC backed companies hire senior execs quickly expecting a rocket ship to $50-100mm revenues when in reality most don’t even get to $10-20mm in revenues. Early stage companies that really “need” a CFO are like small companies that need COOs – it probably means they have a weak CEO.

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