Ep 5. CFO Money Talks S01 E05 "Daqri CFO Robert Brass Gives Financial Management Tips For Startups"

CFO Money Talks S01 E05 "Daqri CFO Robert Brass Gives Financial Management Tips For Startups" is the fifth episode of the first season of the show that features interviews and discussions with Chief Financial Officers (CFOs) of various organizations and industries. This episode features Robert Brass, the CFO of Daqri, a company that creates augmented reality hardware and software for industrial applications.

The episode begins with the host, Michael Saylor, introducing Brass and asking about his background and experience as a CFO. Brass explains that he has worked in various industries, including technology, healthcare, and finance, and has experience in financial planning and analysis, budgeting, and strategic planning. He also talks about his role as CFO at Daqri and the challenges and opportunities of working in a startup environment.

Saylor asks Brass about the financial management tips he would give to startups, and Brass provides several insights based on his experience at Daqri and other companies. He starts by emphasizing the importance of having a clear and realistic financial plan, which includes revenue projections, expense forecasts, and cash flow analysis. He also recommends that startups focus on achieving profitability as soon as possible, even if it means sacrificing growth in the short term.

Brass then discusses the role of the CFO in managing the finances of a startup, including the need for financial transparency, accountability, and risk management. He stresses the importance of building a strong finance team and working closely with other departments, such as sales and engineering, to ensure that financial decisions are aligned with the company's goals and objectives.

Saylor and Brass also talk about the importance of fundraising and financing in the startup world, and Brass provides insights into the different types of funding available, such as venture capital, debt financing, and crowdsourcing. He also talks about the role of the CFO in pitching to investors and the importance of creating a compelling financial story that highlights the potential for growth and profitability.

Throughout the episode, Brass provides practical advice and tips for startups and CFOs, drawing on his experience and expertise in financial management. He also shares his insights into the startup ecosystem and the challenges and opportunities of working in a fast-paced, high-pressure environment.

Overall, CFO Money Talks S01 E05 "Daqri CFO Robert Brass Gives Financial Management Tips For Startups" is a valuable episode for anyone interested in financial management, startup financing, and the role of the CFO in a startup environment. Brass provides a wealth of knowledge and insights that are relevant and helpful for startups at all stages of growth and development.