Every investor is looking for the “dream team” of executives to put money on. Often I find that experienced investors scan ahead to the management page of a business plan, even before they read the product description. That’s how important the people are. The Chief Financial Officer (CFO) role is usually considered second only to the CEO, because financials are critical.
In fact, about 25% of CFOs make it to the CEO position, although not necessarily in a single step. The latest Crist Kolder report finds that the percentage of new CEOs who have prior experience as a corporate CFO has been rising over the past four years. "It's not often, if ever, that we get a client saying, 'We've got to have a CEO who has been a CFO,'" says Kolder. "It's more the reality that CFOs are better prepared than ever for taking the role of CEO."
To read the full, original article click on this link: Startup Professionals Musings: Seven Attributes of a Startup Dream Team CFO
Author: Martin Zwilling
