Startup Finance FAQ / Fractional CFO

Is industry expertise important when hiring a Fractional CFO?

Fast Answer:

Yes, industry experience matters. For example, SaaS startups have unique financial planning needs related to recurring subscription revenue and will be evaluated by investors based on different KPIs than other types of startups. Consumer startups need expertise and support in areas like inventory management, securing working capital, and measuring COGS. Healthcare startups demand CFOs with a strong understanding of the regulatory landscape, while Clean Energy startups are likely to require a CFO with a good understanding of grant funding and compliance.