Yes, articles like this seem rudimentary to folks with MBA/accounting backgrounds.
Yes, tech startups can get millions in seeds funding, even where the company doesn’t have a CFO (or anyone with an MBA).
However, at those super early stages for sw startups, it doesn’t really matter. The money is to finance a product, prove the product’s value, and build a team. And its that journey where that company may start looking for a CFO.
By the time that company is raising a series A, they should have these things worked out.
Yes, articles like this seem rudimentary to folks with MBA/accounting backgrounds.
Yes, tech startups can get millions in seeds funding, even where the company doesn’t have a CFO (or anyone with an MBA).
However, at those super early stages for sw startups, it doesn’t really matter. The money is to finance a product, prove the product’s value, and build a team. And its that journey where that company may start looking for a CFO.
By the time that company is raising a series A, they should have these things worked out.