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    You are at:Home » When and How Startups Should Build a Finance Team

    When and How Startups Should Build a Finance Team

    0
    By AM on December 2, 2022 Entrepreneurship

    Entrepreneurship, Finance and Startups – How they Intertwine with Each Other – A Learning Video Guide by a16z

    Product and engineering lead the way with tech startups, as should HR, but unfortunately, this often means finance comes very last. Yet finance should come first — or at least much, much sooner — argues Caroline Moon, who runs a16z’s financial operations practice (part of our corp dev team) for guiding startups. Finance is — and should be! — much more strategic than just bookkeeping.

    Speaking of, what is accounting? Startups should treat financial data much the same way they do product data: not just tracking and analyzing everything about it against KPIs, but also building out the data streams in a way that gets you answers to key questions. In fact, why not think of finance in much the same way one thinks of product management and product managers — or as an agile process running on top of the company, making sure everything is moving in the right strategic direction?

    Moon doesn’t stop there, though, sharing other helpful analogies to help technical and first-time CEOs think through the importance of finance, and more importantly, how to structure and when to build out a finance function (no matter what stage you’re at). Especially because finance ties together all the things that startups run on: people, products, and cash.

    a16z

    Learn About the Importance of Finance in the Life Cycle of a Startup, How & When to Structure and Build a Finance Team or a Department irrespective of the Stage of your Startup in this Video Guide by a16z

    When and How Startups Should Build a Finance Team

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    AM
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    AM, The Founder and CEO of RetailMarketingTechnology.com is an Entrepreneur & Business Management Professional with over 20+ Years Experience and Expertise in many industries such as Retail, Brand, Marketing, Technology, Analytics, AI and Data Science. The Industry Experience spans across Retail, FMCG, CPG, Media and Entertainment, Banking and Financial Services, Media & Entertainment, Telecom, Technology, Big Data, AI, E-commerce, Food & Beverages, Hospitality, Travel & Tourism, Education, Outsourcing & Consulting. Currently based in Austria and India

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