Business Is Boring The virtual CFOs with very real results
Jun 9, 2025
Matt Dold and Mike Mandis, co-founders of Oxygen Advisors, are behind the financial success of numerous startups in Aotearoa. They dive into the critical role of virtual CFOs, discussing how structured financial accounts and key metrics like ARR and MRR drive business success. Emphasizing the balance between optimism and realism, they share insights on capital raising and the emotional challenges founders face. Their expertise not only empowers clients but also propels economic growth, making their advice invaluable for any aspiring entrepreneur.
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Virtual CFO Partners Explained
- Virtual CFO partners provide a flexible, outsourced finance function for startups not ready for full-time CFOs.
- They cover everything from bookkeeping and payroll to strategy and capital raising, bridging financial support gaps.
Raise Capital Early and Clean
- Keep your financials in order when raising capital to avoid raising red flags with investors.
- Raise capital well before you actually need it to maintain negotiation power and credibility.
SaaS Financial Metrics Matter
- Venture-backed SaaS companies focus on lifetime value vs. customer acquisition costs rather than immediate profit.
- Key metrics like churn and gross margin are essential in evaluating financial health and growth potential.