Run the Numbers Are Fractional CFOs a Grift?
Aug 23, 2025
The world of fractional CFOs is booming, but is it all just smoke and mirrors? Discover the common complaints and misconceptions surrounding these services. There's a critical need for startups to align their financial needs with the right CFO engagements. A checklist is shared to help founders navigate this complex landscape and avoid potential pitfalls. Plus, learn about an innovative ERP solution that’s transforming finance functions for modern teams. Tune in for insights that could redefine your investment in financial leadership!
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Chapters
Transcript
Episode notes
When A Full-Time CFO Is Necessary
- Most startups don't need a full-time CFO until ~ $5M revenue or Series B, but that's not absolute.
- Early finance hires should understand the business model and protect cash, not just close books.
Hire For Partnership, Not Just Finance
- Hire your first business finance person to partner with product and sales, not a traditional CFO.
- Focus on someone who connects the dots and prevents cash from being burned recklessly.
Market Growth Masks Qualification Gaps
- The fractional CFO market is booming but crowded with unqualified providers.
- Many providers either never were full-time CFOs or couldn't credibly take that role now.