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Is it just me or?
Not an accounting meme.
Additional Posts in Finance
Does anyone here work for Silicon Valley Bank? They recently acquired Boston Private. I’m a candidate for a job at Boston Private. Wondering if SVB is planning layoffs in the near term at BP? Also, does anyone know the anticipated benefits to be rolled out from SVB as the parent company? Specifically interested in health insurance providers. Thanks in advance for any information! Silicon Valley Bank
That Friday feeling...
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Rising Star
Most start ups will have 1-3 “finance managers”, “VP finance”, “VP accounting” or similar
The key to being successful is having a CEO who is supportive of you and allows you to set guidelines and requirements for other teams rather than expecting you to make sense of their individual systems and quickbooks entries
Thanks. I'm assuming it is somewhat on the finance managers to push for these standards or that they have already done so? Or else I would need to constantly push the cross functional people to get the data in the way I want / spend hours trying to understand their exported data. I'm a bit wary that this part of the job will get really tiring and unfulfilling. I have no gauge on how sophisticatedly their finance function is running...
Every startup before Series D will be very disorganized. It’s only pre ipo time that the company will hire enough accountants to manage the filings and business. I have friends who move to startup to startup for pre ipo readiness and they clear $1-3m over the 2-3 years at each firm.
They only join series D or E which means imminent IPO. So it’s a guarantee payout but the amount varies and $1m is probably closer to the average. I know two who joined Reddit recently, so let’s see how that goes.
Focusing on what you were hired to do and get it done. You will be pulled in many directions and asked to do different jobs that are unrelated to your core responsibilities. When you fail because of the lack of focus, the CEO will blame you. So remember to focus!