#61: Becoming a Web3CFO with Léopold Wenger from Cometh

If you’ve previously worked as an accountant or auditor at a Big4 or other accounting firm, you’ve been through a rigorous & highly sought-after working methodology and have a huge boost on your resume.

You’re now equipped to get your foot in the door of most firms looking to hire a Financial Controller, Head of Finance, or even a CFO.

Being a product of Big4 myself, I have no regret looking back at the long hours and pressure my audit assignments meant, but in the long term, the lower salaries as compared to an industry role was a turn-off.

With opportunities in web3 for accountants surging, I spoke with Léopold Wenger, the CFO at Cometh, a web3 development platform for developers to help build games and DApps.

Just like me, Léopold started his career as a financial auditor and his desire to learn emerging technologies like blockchain & AI meant he was taking his career growth into his own hands and not remaining complacent.

On Episode 61, Léopold shares his story which can hopefully inspire other accountants and auditors from Big4 companies to also make that transition.

Topics covered;

• Episode intro (00:47)
• Léo’s background (2:52)
• Pre-requisites to work for a web3 startup (4:57)
• Challenges working as a web3 CFO (8:23)
• Advice for a CFO starting in web3 (11:07)
• Managing financial reporting (12:51)
• Time taken to build a sub-ledger (15:20)
• Outsourcing of accounting (16:35)
• Internal controls for digital assets (18:35)
• Thanks to our sponsor Web3Finance Club (21:50)
• Advice for Big4 accountants to transition to web3 (23:51)
• Regulation in France with PSAN (25:59)
• Crypto-friendly banks in France (29:27)
• Paying employees & vendors in crypto in France (31:35)
• M&A opportunities in web3 gaming (32:55)
• Mainstream adoption through gaming (35:48)
• How to contact Léo (38:51)

Follow The Accountant Quits:

LinkedIN: linkedin.com/company/the-accountant-quits

Twitter: twitter.com/accountantquits

Follow Léopold Wenger:

Twitter: http://@leo_wgr

LinkedIN: https://www.linkedin.com/in/l%C3%A9opold-wenger-076015b4/

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For show notes and past guests, please visit theaccountantquits.com/podcast/