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CFOs are responsible for managing cash flow, overseeing financial planning, and managing regulatory compliance
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An experienced CFO is going to look at the business from the perspective of allocating resources and optimizing capital.
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A good CFO will be able to plan for and secure different types of capital (i.e., loans, leases, etc.) and align cost to return, keeping the company’s more dilutive and expensive venture capital free for product development, team building, and market expansion.
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That said, professionalizing financials, pipelines, forecasts, projections, and pitch decks takes time, so err on the side of getting a CFO engaged early so they know your story and can start to make it their own before you need to do a fundraising roadshow.
