Okay… you’re a first-time founder and just ran your data room through En Vérité… and the results weren’t pretty. Your financial statements are a mess. You’re out of GAAP compliance, you don’t know how to denote deferred revenue on your income statement, and you forgot to properly map expenses to their proper… whatever those codes in QuickBooks are called. Don’t worry… that was us, too, when we first got started.
Early-stage companies, frankly, will rarely need a full-time CFO or finance team, but having a “fractional” can be extraordinarily helpful. That’s where firms like Launch Finance come in. Launch is a company that we’ve worked with for years, and we trust them completely. They can help Seed-stage companies get their books together or clean them up; they help founders think through their financial strategy and fundraising rounds; and they help companies at every stage create forecasts and cash flow models that make managing your bank account much less stressful.
Laina and team form amazing, supportive, and responsive relationships with the founders they support. They’re both professional and empathetic, and affordable and accurate. Also, having veteran CFOs like Laina as part of your team will help you start thinking about finance strategically (i.e. when to raise, how to deploy, how to think about M&A, how to grow effectively and efficiently).
Additionally, having a strong, credible finance team on your side gives you instant credibility with investors and can really expedite your fundraising and due diligence processes. We absolutely love Launch Finance for startups at every stage.
