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When to Hire Your First CFO — From OnlyCFO

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When to Hire Your First CFO — From OnlyCFO - SaaStr

Quick Summary:

For example, a company growing revenue 150% YoY while also doing M&A has VERY different finance needs than one organically growing just 25% YoY.

It is an expensive mistake MANY startups make — they go for the big experienced executive (or they inflate someone’s title) and then that person wants to hire too big of a team for the company’s stage.It gets expensive fast!

There are a lot of roles that will go under the top finance role, but getting the right top finance person at the right time is the crucial first step in building a successful finance team.

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Article Details

Author / Journalist: Jason Lemkin

Category: StartupsTechnology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 22:15:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: saastr.com

Language: English

Article Length: 968 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SaaStr

News ID: 26731322

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About SaaStr

SaaStr Logo

Main Topics: StartupsTechnology

Official Website: saastr.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #98

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