The Expansive #229 How to understand your money and scale your business with Vangelis Kyriazis
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Nov 13, 2024 Vangelis Kyriazis, Co-founder and CEO of SIFT Analytics and former chartered accountant, dives into the world of entrepreneurship. He shares his journey from accounting to tech, emphasizing how understanding money and timing are vital for startups. The conversation explores the evolution of cloud accounting, the role of AI in optimizing financial processes, and the need for financial literacy for global expansion. Vangelis also discusses Syft's rise to prominence and its partnership with Xero in revolutionizing financial management.
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From Accountant to Tech Entrepreneur
- Vangelis Kyriazis, Sift Analytics CEO, transitioned from chartered accountant to tech entrepreneur.
- He started an accounting firm to fund his tech ventures, highlighting his entrepreneurial drive.
Sift's Origin
- Kyriazis's accounting firm became the foundation for Sift Analytics, his tech venture.
- He co-founded Sift with his brother and Matt to solve client reporting challenges.
Importance of Technical Expertise and Bootstrapping
- Having a CTO with technical expertise is crucial for starting a SaaS business.
- Bootstrapping can be beneficial, allowing slow, sustainable growth and resourcefulness.