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Founders need to hire one really good finance person early on who can stay on top of this and all the other legal/financial issues. Most of this BS comes from t
by caseyf7 12y ago
Founders need to hire one really good finance person early on who can stay on top of this and all the other legal/financial issues. Most of this BS comes from the cover-up because it is hard to fix these issues after the fact. Hire your own person who is bought into the team. Rent-a-cfo's usually don't care enough or want to get their hands dirty getting it right the first time.
- choppaface 12y agoAgreed. Our CFO tried to help me but was transitioning out to spend more time with his family. Would have loved to have worked with the CFO instead of the GC. (This was also a time when the company had no real HR department and the GC was effectively head of HR).
- joshuamerrill 12y agoWhile I'm aligned with the goal, it's burdensome for early-stage startups to hire FTEs to deal with what is essentially administrative paperwork. All startups have this problem, so it feels like one that should be solved by software. Hence eShares. FD: I work at eShares.