When is the right time for a tech startup to hire a CFO?

For the past 25 years, Cliff Scheffel, a partner at Lancor, has worked with early stage, venture-backed startups in a variety of technology fields as a search consultant. When-is-the-right-time-for-a-tech-startup-to-hire-a-CFO-.pngOver this time, the environment has become increasingly competitive and complex, but one constant has been the need for management talent who can deal with the chaos, focus on the priorities and create a sense of order. One of the keys to getting this equation right is a qualified CFO. 

Recently in a conversation with Jeff Epstein, an Operating Partner with Bessemer Ventures and former CFO of Oracle and DoubleClick, Cliff and Jeff reflected on how often they are asked the question, “When is the right time for a startup to add a CFO to the Team?"

This report digs deeper into this question and analyzes a group of tech startups on the timing of their CFO hire – when and why.

Click here to download the full report

Cilff Scheffel

Cliff is a partner in the technology practice at Lancor, focusing on a wide variety of sectors including software/SaaS, e-commerce, adtech, media, consumer internet and semiconductor. Cliff brings expertise in serving venture-backed operating and investment companies to Lancor’s national CFO practice. He has completed hundreds of CFO searches for VC backed companies and over 30 CFO/Administrative Partner searches for VC and PE investment firms.