On this episode on Run the Numbers CJ and Erik Torenberg welcome Tomasz Tunguz from Theory Ventures for an in-depth conversation about building businesses, how CFOs can evolve with realtime needs of venture-backed companies, and an investor’s lens on what makes a great CFO. If you’re looking for an ERP platform, check out our sponsor, NetSuite:
https://netsuite.com/metricsTom Tunguz is the founder of Theory Ventures. Prior to that he was a GP at Redpoint for 14 years, and worked at Google prior to that. He is the author of long-running business newsletter found at
www.tomtunguz.com---
SPONSORS:
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Tropic is the next-generation Procurement Platform that’s helping modern CFOs take control of their budgets and bottom line. By combining approval workflows, supplier management, and pricing benchmarks all in one place, Tropic makes savings opportunities easy to find and act on. 🌴 Visit
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RECOMMENDED PODCAST:
To go deeper in all things Venture, check out Turpentine VC on audio (
https://link.chtbl.com/TurpentineVC) or YouTube (
https://www.youtube.com/@TurpentineVC)
X / TWITTER:
@ttunguz (Tom)
@cjgustafson222 (CJ)
@eriktorenberg (Erik)
@TurpentineMedia (Turpentine)
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LINKS:
Tom’s blog:
https://tomtunguz.com/ Mostly Metrics:
https://www.mostlymetrics.com/Theory Ventures:
https://theory.ventures/Tom’s interview on HR Heretics:
https://open.spotify.com/episode/1B4aYWnV9pJkcQuCgq1tTy TIMESTAMPS:
(00:00) Intro and CJ’s personal news
(01:00) Tom Tunguz intro
(03:50) Tom’s idea maze in getting Theory Ventures off the ground
(05:40) What differentiates Theory from other VCs?
(07:29) On bringing in someone more experienced to replace or level up a founder
(09:10) Patterns that show a need to bring in a seasoned operator
(11:28) What it takes for a founder to make it all the way through IPO
(13:19) How long should company runway be?
(15:05) Sponsors: NetSuite | Tropic
(17:32) Counseling portfolio companies in hiring VPF or CFO
(18:47) A good CFO vs a great CFO
(24:13) Why now is a good time for young, ambitious people to step up and take a bigger role within their organization
(26:02) Sponsor: Planful
(27:08) The future of Theory Ventures
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