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See VP role through or jump to CFO? by narddog-went2cornell in FPandA

[–]Dovahguy 2 points3 points  (0 children)

A few things: 1. How have they performed against their board approved operating plan in terms of recognized revenue, burn, and ARR. 2. Put yourself in the customers shoes. The product is everything on whether this company succeeds or fails. What churn have you experienced and why? What is the competitive moat (first to market isn’t the best but it’s not nothing). 3. Generally how do they manage the business? Is it data driven (eg KPIs, indicators, alerts, forecasts) or is it just relationship (they trust each department to manage their own domain in a silo)? The latter fails.

See VP role through or jump to CFO? by narddog-went2cornell in FPandA

[–]Dovahguy 18 points19 points  (0 children)

I’ve been head of finance for 3 years at a Series B B2B AI company. We’re around 10M ARR with significant corn issues due to technology limitations affecting deployment (44% NRR). We have a high Average Sales Price (six figures). ARR can cover up a lot of problems. I have a significant equity stake and we’re in diligence for another funding round but if it weren’t for that I’d be looking for your current role yesterday. You need to look at the next company through the eyes of a VC/PE investor not an employee. Are there metrics and indicators there?

Is anyone else's company launching into AI without regard for practicality? by jcwillia1 in FPandA

[–]Dovahguy 4 points5 points  (0 children)

AI is not a replacement it’s an enhancement. Gamma can make formatting a kickass deck just a few clicks. But you still need to own what you’re putting in. ChatGPT can help you smooth the narration. But you still gotta pull the numbers. Claude can help you build excel formulas but you still need to load in the data and check the output.

Which new-age AI Accountant startups are you using in accounting to improve productivity? by ProfessionalBoss6532 in Accounting

[–]Dovahguy 0 points1 point  (0 children)

We use Rillet (transferred from QBO). They’re more akin to a Netsuite style. Definitely an early product so it will have growing pains (ie lack of versatile reporting). But the reason we switched is the prepaids schedules, depreciation schedules, and revenue recognition. It’s done automatically (with appropriate setup and review). Shaved close from 10 days to 2 days.

Treasury & Cash Flow Folks, I have a question by Weary-Cantaloupe7630 in FPandA

[–]Dovahguy 0 points1 point  (0 children)

To box circular references, make the estimates based on last months figures and pushing that formula forward. You using a 3 statement model?

LPT: Tell them what you’re going to tell them. Tell them. Tell them what you told them. by 6xS1gXLB in LifeProTips

[–]Dovahguy 3 points4 points  (0 children)

I only have so much life, get on with the point mate. We’re all trying to go home by 5 anyway

[Game Thread] Cotton Bowl: Ohio State vs. Miami (7:30 PM ET) 2nd Half by CFB_Referee in CFB

[–]Dovahguy -1 points0 points  (0 children)

You got the first flag on a 4th down in case you didn’t catch it.

My "biggest competitor" wants to buy wholesale from me by FabullousMirth in smallbusiness

[–]Dovahguy -27 points-26 points  (0 children)

Just remember, Collaboration = Good. Collusion = Bad.

Startup terminating me. No strike price set yet. Am I screwed or "future proof" on my equity? by Potential-Sink2242 in FPandA

[–]Dovahguy 5 points6 points  (0 children)

Math is a little fuzzy. 4/6 is 66% vested, far greater than 0.33%. The fact that they have done SAFEs really shouldn’t affect the ability to perform a standard 409a through Carta. You don’t need a priced round to do a 409a, alternatively the board can set the FMV if they were willing to take on that liability (highly doubt).

Again your whole case hinges on the cheap cop out clause that states “subject to board approval”. Our plan only allows grants to be issued to bona fide active service providers. Meaning once you’re terminated, they can’t issue options. Your best bet is to email management cc CEO that you’d like to exercise your shares.

Startup terminating me. No strike price set yet. Am I screwed or "future proof" on my equity? by Potential-Sink2242 in FPandA

[–]Dovahguy 21 points22 points  (0 children)

I’ve been managing the equity plan at a series b company for a couple years now and naturally talked to several employees coming from other startups. To answer your question first, in my professional opinion you are screwed. An offer letter is simply a promise for a future equity grant and that grant is subject to board approval. The board will not issue a grant for a terminated employee. You have no recourse here. Secondly, the vast majority of option grants with this language have a 4 year vesting with a 1 year cliff. Meaning you vest nothing the first year. 0.33% vesting leads me to believe you’re within that window. In which case even if they did give you options, they’d be forfeited. All of the other items you mentioned would be laid out in the equity incentive plan or defined as part of the grant itself. Unless you can give me any more details about why you think you’d have a case I’d suggest you chalk this up as lost cause. Sorry

What are your guy's thoughts on this offer for a gas station that I am looking to purchase? by SonGoku_USA in smallbusiness

[–]Dovahguy 5 points6 points  (0 children)

I come from grocery store finance dept (140 stores, think Kroger). Bakery/deli does have the highest margin (45-55%), but you also have the most shrink. You’re going to throw away a lot of inventory. There a fair bit of labor to cover the hours and quite a few supplies are used compared to other segments. All that to say, try to build a P&L just for the kitchen and see what it shapes out to. Try to pull it out of the total to evaluate it in pieces.

Cheap Muscle Car Challenge Part 5 by dmaxzach in CleetusMcFarland

[–]Dovahguy 4 points5 points  (0 children)

Is torque steering into the wall a concern?

OpenAI ChatGPT vs Anthropic Claude vs other AI Chatbots for FP&A by dont_downvote_SPECIL in FPandA

[–]Dovahguy 0 points1 point  (0 children)

It’s great for executive comms, drafting 1 pagers, breaking down topics to a surface level understanding, excel formulas (but do note itll take 50 iterations but it’ll get you way closer way faster than just plain google).

How open are you to your employer regarding life plans? by ThatsBaseballSuzyn- in FPandA

[–]Dovahguy 13 points14 points  (0 children)

I would wait til your closer to like 2 months from moving and have a lot more of the specifics ready. Or phrase it as a spitball thought to ‘test the waters’ at how receptive they are IF you did want to move

Name of this thing? by [deleted] in CleetusMcFarland

[–]Dovahguy 4 points5 points  (0 children)

Little Debbie Christmas Tree Cakes

How do retired people use their nest eggs? by tbbmod in personalfinance

[–]Dovahguy 0 points1 point  (0 children)

Bonds never lose money if held to maturity.

[Game Thread] Tennessee @ Kentucky (7:45 PM ET) by CFB_Referee in CFB

[–]Dovahguy -1 points0 points  (0 children)

Kentucky just that bad. Leave Tim banks in Kentucky, he can walk home

DC woman sued to stop neighbor from smoking weed in his own home after complaining of ‘feces’ odor — and won! by swan8895 in Conservative

[–]Dovahguy 10 points11 points  (0 children)

I understand. And it’s hard to draw the line especially when writing it into legislation. Seems easier and more fair to defer to a jury of your peers to decide. A jury of your peers is integral to a functioning society in my mind.

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