Finance Team
topic on 6 shows · 8 statements across 8 episodes
Lenny's Podcast 
the Neon Show 
No Priors 
Sourcery 
the a16z Podcast 
20VC
8 statements about Finance Team, every show
Finance teams own all spend but make 5% of decisions
“Because the thing about finance teams is they're responsible for 100% of the spend in the company, right? If you're overspend, you go fire your CFO. But then at the same time, they only make five percent of the decisions. So the question becomes, 95% of the de…”
Scott Wu: Monthly finance reporting is too slow for usage-based SaaS
“Like a finance team that's used to working quarterly monthly is like orders of magnitude too slow for this world.”
Selling to finance teams offers narrow windows around closing cycles
“And especially I think when you're trying to sell to finance, you also get very small windows. Because they have closing cycles. They have, you know, taxation deadlines, et cetera. So they have a lot going on at their side. So you'll have like a very small win…”
Hacker: Duolingo finance team grew from 2 to 25 post-IPO
“Before we went public, our finance team, for example, was two people. Now it's, I think, 25 or so.”
Franceschi: Corporate finance planning is stuck in 20-year-old waterfall cycles
“Companies today operate the same way software companies operated, you know, 20 years ago, which is you have, like, a yearly release cycle, release software once a year, and then, you know, you get a CD or whatever, and then you use that software, and then that…”
GitHub's finance, legal, and HR teams run their operations on GitHub
“So for example, our finance team is using discussions and posts and PRs and reposts to communicate our AR numbers and so on and so forth. We have our legal team using, we have our HR team. If they like it or not, it's a different question, but the idea is that…”
Hockenmaier: Growth models are for opportunity assessment, not financial forecasting
“I think importantly, it is not a forecasting tool. So it's not gonna replace what your finance team is building to project the business. In fact, Often the output can be highly variable because you're playing with lots of these assumptions, but it is a great t…”
A complex startup requires a finance team to manage its operating plan
“In the same way that complex products can really only be built with a strong product team and well-defined product roadmap, To build something complex, like an entire company needs a finance team to manage the company roadmap, also known as an operating plan.”