56 min listen
E17: Theory Ventures’ Tomasz Tunguz on What It Takes to Be a Great CFO
From"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy
E17: Theory Ventures’ Tomasz Tunguz on What It Takes to Be a Great CFO
From"Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy
ratings:
Length:
30 minutes
Released:
Nov 20, 2023
Format:
Podcast episode
Description
On this episode on Run the Numbers CJ and Erik Torenberg welcome Tomasz Tunguz from Theory Ventures for an in-depth conversation about building businesses, how CFOs can evolve with realtime needs of venture-backed companies, and an investor’s lens on what makes a great CFO. If you’re looking for an ERP platform, check out our sponsor, NetSuite: https://netsuite.com/metrics
Tom Tunguz is the founder of Theory Ventures. Prior to that he was a GP at Redpoint for 14 years, and worked at Google prior to that. He is the author of long-running business newsletter found at www.tomtunguz.com
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SPONSORS:
NetSuite provides financial software for all your business needs. More than thirty-six thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and defer payments of a FULL NetSuite implementation for six months.
Tropic is the next-generation Procurement Platform that’s helping modern CFOs take control of their budgets and bottom line. By combining approval workflows, supplier management, and pricing benchmarks all in one place, Tropic makes savings opportunities easy to find and act on. ? Visit www.tropicapp.io/metrics to learn how.
Planful empowers teams just like yours to drive peak financial performance in every corner of your business. Think purpose-built applications for every department, from FP&A to accounting, marketing to HR, all with built-in financial intelligence. ✍️ Go to https://planful.com/metrics to see how you can tackle unwanted surprises in real-time.
—
RECOMMENDED PODCAST:
To go deeper in all things Venture, check out Turpentine VC on audio (https://link.chtbl.com/TurpentineVC) or YouTube (https://www.youtube.com/@TurpentineVC)
X / TWITTER:
@tomasztunguz (Tom)
@cjgustafson222 (CJ)
@TurpentineMedia (Turpentine)
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LINKS:
Tom’s blog: https://tomtunguz.com/
Mostly Metrics: https://www.mostlymetrics.com/
Theory Ventures: https://theory.ventures/
Tom’s interview on HR Heretics: https://open.spotify.com/episode/1B4aYWnV9pJkcQuCgq1tTy
TIMESTAMPS:
(00:00) Intro and CJ’s personal news
(01:00) Tom Tunguz intro
(03:50) Tom’s idea maze in getting Theory Ventures off the ground
(05:40) What differentiates Theory from other VCs?
(07:29) On bringing in someone more experienced to replace or level up a founder
(09:10) Patterns that show a need to bring in a seasoned operator
(11:28) What it takes for a founder to make it all the way through IPO
(13:19) How long should company runway be?
(15:05) Sponsors: NetSuite | Tropic
(17:32) Counseling portfolio companies in hiring VPF or CFO
(18:47) A good CFO vs a great CFO
(24:13) Why now is a good time for young, ambitious people to step up and take a bigger role within their organization
(26:02) Sponsor: Planful
(27:08) The future of Theory Ventures
Tom Tunguz is the founder of Theory Ventures. Prior to that he was a GP at Redpoint for 14 years, and worked at Google prior to that. He is the author of long-running business newsletter found at www.tomtunguz.com
---
SPONSORS:
NetSuite provides financial software for all your business needs. More than thirty-six thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and defer payments of a FULL NetSuite implementation for six months.
Tropic is the next-generation Procurement Platform that’s helping modern CFOs take control of their budgets and bottom line. By combining approval workflows, supplier management, and pricing benchmarks all in one place, Tropic makes savings opportunities easy to find and act on. ? Visit www.tropicapp.io/metrics to learn how.
Planful empowers teams just like yours to drive peak financial performance in every corner of your business. Think purpose-built applications for every department, from FP&A to accounting, marketing to HR, all with built-in financial intelligence. ✍️ Go to https://planful.com/metrics to see how you can tackle unwanted surprises in real-time.
—
RECOMMENDED PODCAST:
To go deeper in all things Venture, check out Turpentine VC on audio (https://link.chtbl.com/TurpentineVC) or YouTube (https://www.youtube.com/@TurpentineVC)
X / TWITTER:
@tomasztunguz (Tom)
@cjgustafson222 (CJ)
@TurpentineMedia (Turpentine)
—
LINKS:
Tom’s blog: https://tomtunguz.com/
Mostly Metrics: https://www.mostlymetrics.com/
Theory Ventures: https://theory.ventures/
Tom’s interview on HR Heretics: https://open.spotify.com/episode/1B4aYWnV9pJkcQuCgq1tTy
TIMESTAMPS:
(00:00) Intro and CJ’s personal news
(01:00) Tom Tunguz intro
(03:50) Tom’s idea maze in getting Theory Ventures off the ground
(05:40) What differentiates Theory from other VCs?
(07:29) On bringing in someone more experienced to replace or level up a founder
(09:10) Patterns that show a need to bring in a seasoned operator
(11:28) What it takes for a founder to make it all the way through IPO
(13:19) How long should company runway be?
(15:05) Sponsors: NetSuite | Tropic
(17:32) Counseling portfolio companies in hiring VPF or CFO
(18:47) A good CFO vs a great CFO
(24:13) Why now is a good time for young, ambitious people to step up and take a bigger role within their organization
(26:02) Sponsor: Planful
(27:08) The future of Theory Ventures
Released:
Nov 20, 2023
Format:
Podcast episode
Titles in the series (58)
E4: The Unexpected Qualities of Great CFOs with Public.com’s Sruthi Lanka: On episode four of Run The Numbers, Sruthi Lanka (CFO of Public.com) joins host CJ Gustafson to discuss the unexpected qualities of great CFOs, how to manage your team well and achieve great retention, how to build relationships across company stakeholders, and more. by "Turpentine Finance" with Sasha Orloff | Startup Finance, Leadership, CFO Strategy