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Brex in the Black
A crash course in financial operations. Bullet discussions on finance, fundraising, and financial processes with Brex’s CFO Michael Tannenbaum.
We talk to Michael about all things fundraising: when to start the process, how you should conceptualize this slice of startup life, how to approach investors, and what to prepare for your initial meetings.
We talk to Michael this week about what the role of the CFO is in the fundraising process, and how it interacts with the role of the CEO. We also discuss how this dynamic should change as the company scales.
Michael regales us about raising capital while at his previous role at SoFi — a stint that included a billion-dollar deal with Masayoshi Son, Founder & CEO of Softbank, before it became fashionable.
Michael discusses when your startup should be audited, and whether it is important. We go on to talk over what firm is best to work with, and what financial processes to setup to make sure you pass.
This week, Michael discusses whether a startup should outsource accounting, what the relevant options are, and how to search out who would be a good fit for this role.
This week, Michael answers questions on the critical topic of startup benefits. We go over what healthcare plans — and how many — a startup should choose, what employees have come to expect from their benefits, and how startups can go about shopping for a plan.
Michael goes over the difficulties of payroll, how to implement an orderly payroll process (a surprisingly difficult task). We also discuss whether Finance or HR should own payroll, and what most companies get wrong about this key function.
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