Mostly metrics
Run the Numbers
E17: Theory Ventures’ Tomasz Tunguz on What It Takes to Be a Great CFO
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E17: Theory Ventures’ Tomasz Tunguz on What It Takes to Be a Great CFO

On this episode on Run the Numbers CJ and Erik Torenberg welcome Tomasz Tunguz from Theory Ventures for an in-depth conversation about building businesses, how CFOs can evolve with realtime needs of venture-backed companies, and an investor’s lens on what makes a great CFO. If you’re looking for an ERP platform, check out our sponsor, NetSuite: https://netsuite.com/metrics

Tom Tunguz is the founder of Theory Ventures. Prior to that he was a GP at Redpoint for 14 years, and worked at Google prior to that. He is the author of long-running business newsletter found at www.tomtunguz.com

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SPONSORS:

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RECOMMENDED PODCAST:

To go deeper in all things Venture, check out Turpentine VC on audio (https://link.chtbl.com/TurpentineVC) or YouTube (https://www.youtube.com/@TurpentineVC)

X / TWITTER:

@ttunguz (Tom)

@cjgustafson222 (CJ)

@eriktorenberg (Erik)

@TurpentineMedia (Turpentine)

LINKS:

Tom’s blog: https://tomtunguz.com/ 

Mostly Metrics: https://www.mostlymetrics.com/

Theory Ventures: https://theory.ventures/

Tom’s interview on HR Heretics: https://open.spotify.com/episode/1B4aYWnV9pJkcQuCgq1tTy 

TIMESTAMPS:

(00:00) Intro and CJ’s personal news

(01:00) Tom Tunguz intro

(03:50) Tom’s idea maze in getting Theory Ventures off the ground

(05:40) What differentiates Theory from other VCs?

(07:29) On bringing in someone more experienced to replace or level up a founder

(09:10) Patterns that show a need to bring in a seasoned operator

(11:28) What it takes for a founder to make it all the way through IPO

(13:19) How long should company runway be?

(15:05) Sponsors: NetSuite | Tropic

(17:32) Counseling portfolio companies in hiring VPF or CFO

(18:47) A good CFO vs a great CFO

(24:13) Why now is a good time for young, ambitious people to step up and take a bigger role within their organization

(26:02) Sponsor: Planful

(27:08) The future of Theory Ventures

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Mostly metrics
Run the Numbers
Run the Numbers is a twice-weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. This show is meant to serve as a playbook of sorts for the stuff CJ wishes he knew earlier in his career, both from experience and from copying people smarter than himself. Topics frequently touch upon Startup SaaS Metrics, Annual Budgeting, Financial Forecasting, Headcount, Equity, Dilution, and Fundraising – and how all of these drive business performance and growth.