What It's Like To Be... A Chief Financial Officer
11 snips
Jul 15, 2025 Steve Love, CFO at SIFT, specializes in online fraud prevention and has an impressive background in finance with both public and private tech companies. He discusses the balancing act of forecasting earnings while managing team demands and the importance of resource allocation. Steve shares a gripping story of addressing a significant financial miscalculation in front of investors, revealing the high stakes of financial credibility. He also reflects on the emotional toll of layoff decisions and the evolving role of CFOs in navigating complex startup environments.
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Balance Growth and Cash
- Combine strategy understanding with financial modeling to allocate resources effectively.
- Balance growth investments with cash flow realities for sound operational decisions.
Temper Excess Optimism
- CFO must bring data-driven realism to optimistic forecasts of founders and sales teams.
- Challenge assumptions using past performance and market data without being the 'naysayer'.
Explain Why Financial Results Occur
- CFO's most important work is explaining why financial results occurred, not just reporting numbers.
- Understanding drivers behind results informs future strategy and expectations effectively.