GrowCFO Show

Kevin Appleby
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Jul 30, 2024 • 36min

#194 How Mozilla turns a profit and protects privacy with Eric Muhlheim, CFO, Mozilla

#194 How Mozilla turns a profit and protects privacy with Eric Muhlheim https://open.spotify.com/episode/49z24QIGonruC0zt4g1lhC In this podcast episode, Eric Muhlheim, CFO, Mozilla, joins Kevin Appleby to provide a wealth of insights about the significance of being a thought partner to leadership, a role that transcends traditional financial oversight to actively shape strategic decisions. Their conversation shed light on navigating the journey to the CFO role, highlighting the crucial interplay between finance and accounting. They underscored the importance of maintaining a delicate balance between profitability and sustainability, particularly in multi-product companies where diverse revenue streams must be managed cohesively. A focal point of their discussion was the value of storytelling in the CFO role. Appleby and Muhlheim emphasized how effective communication and a holistic perspective are key to articulating financial strategies and fostering alignment within the organization. They explored how a CFO must not only crunch numbers but also weave compelling narratives that resonate with various stakeholders, ensuring that financial goals support the broader mission and values of the company. This approach helps in building trust and driving informed decision-making across all levels of the business. Furthermore, the conversation highlighted Mozilla’s unique business model, with a specific emphasis on open source AI and the transparency required in AI development. Muhlheim discussed how Mozilla’s commitment to openness and ethical practices in technology sets it apart in the industry. He emphasized the importance of transparency, not just as a corporate value, but as a fundamental principle in developing trustworthy AI solutions. By advocating for open source AI, Mozilla aims to foster innovation while ensuring accountability, thus contributing to a more equitable and transparent technological future. Key topics covered include: Eric’s career path from Disney to Mozilla as CFO, highlighting his entrepreneurial experiences and technology focus. Mozilla’s unique business model as a hybrid of a for-profit and nonprofit company, relying on partnerships and search revenue to fund its mission of keeping the internet free and open. Mozilla’s strategies for revenue diversification, including privacy-preserving advertising, affiliate marketing, and direct-to-consumer products like VPNs and privacy tools. Eric’s approach to budgeting, cost management, and financial decision-making at Mozilla, balancing sustainability and profitability with the company’s nonprofit mission. Mozilla’s focus on open-source AI development to ensure transparency and accountability, and the potential risks of AI being trusted too much. Eric’s personal interests, including home brewing beer, and the parallels between his CFO role and his hobbies. https://www.youtube.com/watch?v=D0Apku1v0QQ Links Eric Muhlheim on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:10 – Introduction of Eric Muhlheim, CFO of Mozilla 0:00:40 – Eric Muhlheim’s career path from Morgan Stanley to Disney and beyond 0:06:17 – Explanation of Mozilla’s business model and revenue sources 0:09:02 – Mozilla’s strategies for revenue diversification 0:12:11 – Mozilla’s focus on privacy and security features in Firefox 0:14:50 – Eric Muhlheim’s approach to budgeting and cost management at Mozilla 0:20:06 – Mozilla’s strategies for emerging technologies like AI 0:25:44 – Eric Muhlheim’s financial goals and priorities for the next 3-5 years 0:29:09 – Eric Muhlheim’s personal hobbies and interests Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net
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Jul 23, 2024 • 27min

#193 Navigating My First Fundraise as Group CFO with Vineta Bajaj, Group CFO, Rohlik Group (ex Ocado)

#193 Navigating My First Fundraise as Group CFO with Vineta Bajaj https://open.spotify.com/episode/11eo7ZWSRIHL77o1p1kWtX In this episode, we are honored to have Vineta Bajaj, the Group CFO of Rohlik Group and former executive at Ocado, as our guest. Vineta opens up about her personal and professional experiences across diverse environments, stressing the importance of owning one’s space and maintaining authenticity. Her insights are not only inspiring but also provide practical advice for navigating the complexities of leadership in today’s fast-paced business landscape. Kevin enriches the dialogue by addressing the unconscious biases and challenges that female founders often encounter in fundraising and business operations. Kevin underscores the significance of personal development mentors like Michael Hipple, who play a crucial role in helping leaders transform challenges into opportunities. This discussion sheds light on the unique obstacles faced by women in the entrepreneurial world and offers valuable perspectives on overcoming these barriers through self-awareness and strategic thinking. In the latter part of the episode, Vineta and Kevin pivot to the specific challenges associated with sustainable growth in the competitive online grocery market. They explore the demanding responsibilities of a CFO, particularly in formulating effective communication strategies with investors during fundraising efforts. Their combined expertise provides listeners with a comprehensive understanding of balancing sustainable growth with the intricate demands of financial leadership. This episode is a must-listen for anyone looking to gain deeper insights into the multifaceted role of a CFO and the evolving dynamics of the online grocery industry. Key topics covered include: Vineta Bajaj’s career journey from KPMG to becoming the Group CFO of Rohlik Group, an online grocery company in Europe The challenges of fundraising for an online grocery business in a difficult market, including Vineta’s personal struggles with preparing for the fundraise Tips for identifying and selecting the right investors for a growing business The financial restructuring challenges faced by businesses in the current environment, and the importance of emotional detachment in decision-making Vineta’s passion for empowering female founders and overcoming biases in the business world https://www.youtube.com/watch?v=oyBHBGqNa7s Links Vineta Bajaj on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:10 – Introduction by Kevin Appleby, highlighting GrowCFO as a platform for finance leaders. 0:40 – Vineta Bajaj expresses gratitude for being invited to the podcast. 0:46 – Vineta shares her professional background starting from her accounting degree to her experience at KPMG. 1:14 – Discusses various roles and accomplishments at Kerry Group and subsequent career transitions. 2:12 – Vineta highlights her move to the UK, joining the company Catelogue, and her journey leading to becoming Group CFO at Rohlik Group 3:39 – She elaborates on challenges faced in the current market and how their company has managed growth. 5:38 – Describes personal and professional challenges during the fundraising process. 8:26 – Talks about preparing for meetings with investors, focusing on understanding key business metrics. 10:07 – Discusses balancing precision with the broader financial picture when dealing with investors. 11:22 – Reflects on leveraging her team more effectively during the fundraising process. 13:10 – Shares strategies for identifying and selecting the right investors with the help of external financial advisors. 15:30 – Addresses the current difficult market conditions and consolidation within the industry. 18:09 – Discusses the importance of emotional detachment when making restructuring decisions. 21:03 – Vineta reveals her passion for mentoring and investing in small businesses, especially those led by female founders. 22:12 – Talks about personal experiences with sexism, racism, and ageism in her career, advocating for owning one’s space. 25:27 – Concludes with a powerful message about internal power and determination to succeed regardless of obstacles. 26:48 – Kevin Appleby wraps up the conversation, thanking Vineta for her insights. Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net
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Jul 16, 2024 • 28min

#192 Is Confidence Overrated? with Susana Serrano Davey GrowCFO Mentor

#192 Is Confidence Overrated? with Susana Serrano Davey https://open.spotify.com/episode/3AhymCRjlMx44VZFkFNdUu In this latest episode, Kevin Appleby is joined by Susana Serrano-Davey, a renowned speaker and expert in personal development, to delve into the pervasive issue of confidence challenges that many individuals face in both personal and professional settings. This episode is particularly insightful as it addresses the unique hurdles that women often encounter regarding confidence. Susana brings a wealth of experience and knowledge to the table, offering practical strategies to combat symptoms of low confidence, such as self-doubt and negative self-talk. She emphasizes the critical role that body language, voice modulation, and choice of words play in projecting confidence and credibility, especially in virtual communication environments which are becoming increasingly prevalent. Throughout their discussion, Kevin and Susana share actionable tips for improving one’s virtual communication skills. They highlight the significance of maintaining eye contact, even through a camera, and using appropriate gestures to reinforce messages. Additionally, they discuss techniques for recomposing emails to ensure they convey confidence and professionalism. Key topics covered include: Confidence challenges, particularly among women in the workplace Susana Serrano-Davey’s personal experiences with lacking confidence and overcoming it Strategies for dealing with moments of low confidence, such as addressing negative self-talk and body language Improving confidence in virtual meetings through preparation and self-reflection Building confidence and self-awareness through tools like journaling and strengths-based assessments The importance of self-acceptance and a balanced self-assessment in overcoming confidence challenges https://www.youtube.com/watch?v=xrfgot–il4&t=15s Links Susana Serrano-Davey on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00 – 0:11: Introduction to GrowCFO 0:11 – 0:41: Welcome and introduction of Susanna Serrano-Davey 0:41 – 2:21: Susanna’s personal example about confidence 2:21 – 3:29: Discussion on the perception of confidence 3:29 – 4:57: Confidence challenges in both men and women 4:57 – 7:28: Dealing with lack of confidence and being brave 7:28 – 8:06: Mention of Katherine Clark and “Feel the Fear and Do It Anyway” 8:06 – 9:07: Symptoms of lack of confidence 9:07 – 11:01: Language and body language as symptoms 11:01 – 12:19: Addressing symptoms through body language and voice 12:19 – 13:26: Online meetings and confidence tips 13:26 – 14:52: Using podcasting to improve speaking confidence 14:52 – 15:56: Preparation and improvisation 15:56 – 17:08: Neuroplasticity and positive thinking 17:08 – 19:00: Personal reflection and balanced confidence Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training center and CFO Digital Toolkit. You can enroll in our flagship Future CFO or Finance Leader programs here. You can find out more and join today at growcfo.net
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Jul 9, 2024 • 36min

#191 Rebuilding value after an administration with Oliver Lee, CFO at Flash Pack

#191 Rebuilding value after an administration with Oliver Lee https://open.spotify.com/episode/4kj5iP83OcB12YfnrfDHqh Oliver Lee, the CFO at Flash Pack, sits down with Kevin Appleby to discuss his career journey and the challenges of leading a travel start-up through the COVID-19 pandemic. The discussion begins with Oliver’s background in public accounting and a previous start-up role that did not unfold as planned. Oliver recounts Flash Pack’s impressive growth trajectory prior to the pandemic, scaling from inception to over $20 million in revenue within a few years. However, the onset of COVID-19 necessitated a shift to “survival mode,” entailing cost reductions and staff furloughs as bookings plummeted. The company ultimately entered administration in 2020, but the founders managed to repurchase the assets and relaunch the business in late 2021. The conversation highlights the strategies employed by Oliver and his team to rebuild Flash Pack, with an emphasis on maintaining strong supplier relationships through transparency and communication. This approach successfully re-engaged 95% of their suppliers post-administration. Oliver underscores the critical importance of securing funding, noting that an institutional investor’s capital injection was essential for the company’s relaunch and growth. The management team’s proven track record and reputation were pivotal in attracting this investment despite the challenges faced. As the business transitioned from “wartime CFO” to a growth-focused “peacetime” strategy, Oliver discusses overcoming excessive risk aversion and embracing calculated risks to propel the company forward. Looking ahead, the episode explores substantial expansion opportunities, particularly in the US market, while addressing the scaling challenges such as investing in talent and building the necessary organizational structure to support growth. Key topics covered include: Oliver Lee’s career progression and challenges in the start-up world, including his experience as CFO at Flash Pack. How Flash Pack, a solo travel company, adapted to market changes and survived the COVID-19 crisis. The strategies used to rebuild the business after going into administration, with a focus on maintaining supplier relationships. The importance of funding, management team reputation, and calculated risk-taking in driving growth for a start-up. The transition from “wartime CFO” to “peacetime CFO” and the mindset shift required to focus on growth strategies. Opportunities for expansion, particularly in the US market, and the scaling challenges faced by the business. The role of people and talent management in driving the company’s growth and success. https://www.youtube.com/watch?v=0rZ99mND7fc Links Oliver Lee on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 – Introduction of Kevin Appleby and Oliver Lee 0:00:36 – Oliver Lee’s background and career history 0:01:32 – Oliver Lee’s role at Flash Pack and the impact of COVID-19 0:03:02 – Description of Flash Pack’s business model and target market 0:05:12 – Challenges faced by the business during the COVID-19 pandemic 0:09:01 – The process of buying back the assets of the business after administration 0:11:43 – Rebuilding the business and relaunching in November 2021 0:14:10 – Securing funding for the relaunch and growth 0:17:51 – Transitioning from “wartime CFO” to “peacetime CFO” and the mindset shift 0:24:50 – Strategies for growth and expansion, particularly in the US market 0:32:35 – Lessons learned about people and talent management 0:35:38 – Oliver Lee’s vision for the future and scaling the business Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favorite podcast app. The GrowCFO show is listed in the Apple podcast directory, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net
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Jul 2, 2024 • 34min

#190 Developing the next generation of leaders with Dan Silberberg, CEO and Founder at ENTELECHY.Al

#190 Developing the next generation of leaders with Dan Silberberg https://open.spotify.com/episode/7ja9iPmnDeQpkhwe4YHNXD?si=GfH_5NNjRSmJFa3cBzQ_4Q Leadership development is crucial in today’s rapidly changing business landscape. Guest speaker Dan Silberberg, CEO and Founder of ENTELECHY.Al, a premier provider of customized leadership development programs, joined host Kevin Appleby for the discussion. Silberberg, a highly experienced executive with a proven track record of transforming operations across multiple industries, outlined the evolving demands placed on leadership. They noted the shift from the hierarchical structures prevalent in the 20th century workplace to today’s emphasis on adaptability and holistic strategic thinking. They stressed the importance for executives to thoroughly understand their strengths, leadership style, and potential areas for growth through self-reflection. This allows individuals to maximize performance and overcome challenges. Innovative approaches to stimulate organizational development were also presented. They explored how entering new product categories can drive growth in consumer industries. Artificial intelligence was framed as a competitive differentiator when integrated into core functions like decision-making, productivity enhancement, and risk management. Younger, growth-oriented companies were advised by Silberberg to experiment through prudent risk-taking to sustain innovation momentum. With technological change accelerating rapidly, they emphasized the value executives place on questioning assumptions with an open mindset. The role of the CFO in prioritizing AI initiatives and collaborating across organizations for staff training was also a prominent topic. Key topics covered include: Differences between 20th century and 21st century leadership, with a focus on developing adaptability and holistic thinking.  Challenges of leadership in a rapidly changing world, and the importance of relationships over hierarchy.  Personal growth and leadership development through self-awareness and storytelling.  Unleashing personal genius and innovating to drive business growth.  Leveraging AI for competitive advantage, and how CFOs can prioritize AI adoption for decision making, productivity, and risk mitigation.  Thinking differently and embracing failure to stay innovative, especially for faster-growing companies.  https://www.youtube.com/watch?v=N0PUYH7z9gA Links Dan Silberberg on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00:11 Introduction 0:00:40 Speaker 1 introduces themselves 0:02:39 Discussion on 20th century vs 21st century leadership   0:10:21 Discussion on different leadership styles 0:11:00 Attributes of a next generation leader 0:13:19 Unleashing personal genius and identity 0:17:32 Identifying and using personal genius 0:21:00 Example of innovating in consumer products industry 0:23:52 Leveraging AI for competitive advantage 0:28:05 Adopting AI and challenges of keeping up with innovation 0:32:55 Importance of thinking differently 0:33:30 Summary and closing remarks Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net
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Jun 25, 2024 • 30min

#189 CFO and CHRO Working Together with Rachel Anevski, CEO at Matters of Management LLC

Kevin Appleby and Rachel Anevski discuss the importance of collaboration between the CFO and HR departments for organizational development and infrastructure. Rachel emphasizes the crucial role of HR in providing fractional human resource executives to support business growth. They also cover the roles of CFOs and CHROs in managing people and payroll, emphasizing the need for a separate role to handle these aspects of the business. They also discuss the urgent need for finance teams to adapt to digital transformation, AI, and an aging workforce, highlighting the importance of reskilling and upskilling the finance team to remain competitive. Key topics covered include: The roles of the CFO and CHRO, and how they should collaborate on areas like culture, recruitment, retention, and people management strategies. How fractional CHROs can help reduce the workload on CFOs by taking over tasks like payroll administration and providing strategic HR insights.   The impact of finance transformation and AI on the finance team, and the need to upskill/reshape teams through collaboration between CFOs and CHROs. Challenges in retaining and recruiting talent for the finance industry due to a lack of cultural alignment, perceptions of the industry, and insufficient investment in retraining and developing employees. Potential tensions between CFOs and CHROs due to CFOs’ focus on control and segregation of duties versus CHROs’ partnership approach. https://www.youtube.com/watch?v=DWGVDxWS_RU Links Rachel Anevski on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00-0:03:11 – Introduction and speaker backgrounds 0:03:11-0:06:11 – CFO’s role in managing people and potential issues 0:06:11-0:09:18 – How CFOs and CHROs should collaborate and fractional CHRO benefits 0:09:18-0:11:57 – Impact of finance transformation on finance teams 0:11:57-0:14:32 – Aging workforce challenges in finance and potential for retraining 0:14:32-0:16:46 – Recruitment and retention issues for the finance industry 0:16:46-0:21:23 – Reasons for high turnover rates and negative perceptions of finance careers 0:21:23-0:25:14 – Importance of investing in employee development 0:25:14-0:28:57 – Potential tensions between CFO and CHRO roles due to mindsets 0:28:57-0:30:06 – Importance of CFO-CHRO collaboration Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net
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Jun 18, 2024 • 40min

#188 Transforming the Order to Cash Process with Lee Allen, Senior Vice President Global Sales – O2C at Corcentric

Lee Allen, Senior VP at Corcentric, and Kevin Appleby discuss the evolution of invoicing, integrating accounts payable/receivable, and Corcentric's order-to-cash solution. They explore CFO role changes, automation's impact on finance jobs, and the need for standardizing business processes to enhance productivity.
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Jun 11, 2024 • 35min

#187 The Relationship Between CMO and CFO with Alan Gonsenhauser, Founder and CEO at Demand Revenue

Kevin Appleby and Alan Gonsenhauser discuss the importance of collaboration between CMOs and CFOs in aligning metrics and growth strategies. They emphasize the need for a common understanding of modern marketing and its value to the organization, as well as establishing a customer culture within the business. They also discuss the importance of using data to drive business growth, including predictive KPIs, measuring and optimizing customer lifetime value and retention, and aligning marketing strategies with financial objectives. Cross-functional alignment and clarity on what marketing is not going to focus on are also highlighted as key to growth. Key topics covered include: The importance of collaboration between CMOs and CFOs in areas like setting KPIs and metrics, measuring marketing ROI, optimizing marketing spend, and managing risks.  The evolving roles of CMOs and CFOs, and how they can strengthen their relationship by understanding each other’s perspectives.  The importance of customer-led growth strategies and metrics like Net Promoter Score in driving long-term value.  Developing marketing strategies that consider both short-term and long-term budget planning for growth and profitability.  Understanding different personality types and communication styles to improve collaboration across teams.  How finance and marketing functions can work together to establish a shared understanding of success and a customer-led culture. https://youtu.be/xdioRCNweGY Links Alan Gonsenhauser on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00-0:12 – Introduction 0:12-0:48 – Alan Gonsenhauser introduces himself and his background 0:48-1:06 – Alan Gonsenhauser discusses the relationship between CMOs and CFOs 1:06-1:20 – Kevin Appleby asks about measuring marketing ROI  1:20-5:10 – Alan Gonsenhauser outlines 5 areas of CMO-CFO collaboration and discusses customer-led growth 5:10-5:56 – Kevin Appleby and Alan Gonsenhauser discuss KPIs vs key results indicators 5:56-7:34 – Alan Gonsenhauser distinguishes different types of metrics 7:34-10:24 – Discussion on Net Promoter Score and customer satisfaction 10:24-12:23 – Collaboration on growth strategies, budget planning and cost-cutting 12:23-14:10 – Alignment across functions and saying no in strategy 14:10-16:23 – Zero-based budgeting and turnaround strategies 16:23-18:13 – Leveraging customer data and investment areas 18:13-19:26 – Additional growth levers and productivity 19:26-21:01 – Evolving CMO and CFO roles  21:01-23:37 – Strengthening CMO-CFO relationship and customer culture 23:37-25:03 – Finance team adopting customer-led mindset 25:03-31:39 – Personality types, communication styles and presentations 31:39-34:05 – Becoming a successful CMO or CFO Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here. You can find out more and join today at growcfo.net
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Jun 4, 2024 • 31min

#186 CFO and CTO working in partnership for digital transformation with Bill Genovese, CIO Advisory Partner at Kyndryl

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May 28, 2024 • 30min

#185 Founding a Lease Accounting FinTech with Greg Kautz, CEO at Black Owl Systems

Greg Kautz and Kevin Appleby discussed the challenges of lease accounting and the need for technology to streamline these processes. Greg highlighted the benefits of automating lease accounting, while Appleby questioned the need for separate accounting rules for lessees and lessors. Later, the pair discussed the benefits of leasing assets for business growth, emphasizing the importance of considering leasing as an option for expansion. Finally, they discussed the challenges of fundraising in the current market, with Greg sharing their company’s journey and Appleby providing insights on market conditions. Key topics covered include: Greg Kautz’s career transition from finance leadership roles to co-founding a lease accounting software company with his son An overview of the lease accounting software they developed called Black Owl Lease Accounting, which aims to solve issues with existing solutions A discussion of lease accounting standards and why lease accounting is important for businesses How they developed the initial prototype, hired staff, and grew the company Challenges they faced finding the right technical staff Their plans for future fundraising, global expansion, and growth of the company Reminiscing about the early days of accounting before technology from Kevin Appleby and Greg Kautz’s perspective https://youtu.be/gCOyz10LBp4 Links Greg Kautz on LinkedIn Kevin Appleby on LinkedIn GrowCFO Mentoring Timestamps 0:00 – Introduction of Greg Kautz and his career transition 4:20 – Overview of lease accounting software Black Owl Lease Accounting 7:30 – Discussion of lease accounting standards and importance for businesses 11:00 – Developing the initial prototype and hiring staff 14:15 – Challenges finding the right technical staff 17:10 – Future fundraising plans and market growth 19:50 – Reminiscing about early accounting days before technology 26:50 – Selling the software to CFOs and other buyers 29:15 – Greg Kautz’s future plans and not retiring anytime soon Find out more about GrowCFO If you enjoyed this podcast, you can subscribe to the GrowCFO Show with your favourite podcast app. The GrowCFO show is listed in the Apple podcast directory, Google Podcasts, Spotify and many others. Why not subscribe there today? That way, you never miss an episode. GrowCFO is a great place to extend your professional network. Join GrowCFO as a free member today and participate in our regular networking events and webinars.  Premium members can also access our extensive training centre and CFO Digital Toolkit. You can enrol in our flagship Future CFO or Finance Leader programmes here.  You can find out more and join today at growcfo.net

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