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“Do Nothing” and Other Financial Wisdom From 6sense CFO Rob Goldenberg

“Do Nothing” and Other Financial Wisdom From 6sense CFO Rob Goldenberg

FromRun the Numbers


“Do Nothing” and Other Financial Wisdom From 6sense CFO Rob Goldenberg

FromRun the Numbers

ratings:
Length:
51 minutes
Released:
Jun 24, 2024
Format:
Podcast episode

Description

In this episode, CJ interviews Rob Goldenberg, the CFO of 6sense, a B2B predictive intelligence engine that uses AI, machine learning, and big data to help sales and marketing teams find the best accounts to target. Rob has experience in both high and low macro environments and talks about the tools and strategies he uses to handle these situations. He emphasizes the need for alignment in a company and in finance and accounting teams and shares his framework for achieving this. Rob also highlights the dual role of finance teams as internal and external service providers and their function as an external concierge service. They discuss the potential pitfalls of tool consolidation, how to ask for funding for important initiatives or tools, managing spend in tough times, advice for taking advice, his decision-making framework, and the genius of Charlie Munger, including why sometimes the best thing to do is to do nothing. If you're looking for an ERP head to NetSuite: https://netsuite.com/metrics and get a customized KPI checklist.—SPONSORS:NetSuite provides financial software for all your business needs. More than 37,000 thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: https://netsuite.com/metrics and get a customized KPI checklist. Maxio is the only billing and financial operations platform that was purpose built for B2B SaaS. They're helping SaaS finance teams automate billing and revenue recognition, manage collections and payments, and put together investor grade reporting packages. ? Request a demo at www.maxio.com/runthenumbers for 10% off your first year.Leapfin is accounting automation software that automatically prepares and posts reliable journal entries. High-growth businesses like Reddit, Canva, and Seat Geek choose Leapfin to eliminate manual tasks, accelerate month-end close, and enable accounting leaders to provide faster insights to help their companies grow. To automatically standardize your revenue data with measurable business impact, check out leapfin.com today. Mercury is the fintech ambitious companies use for banking and all their financial workflows. With a powerful bank account at the center of their operations, companies can make better financial decisions and ensure that every dollar spent aligns with company priorities. That's why over 100K startups choose Mercury to confidently run all their financial operations with the precision, control, and focus they need to operate at their best. Learn more at mercury.com.Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.—FOLLOW US ON X:@cjgustafson222 (CJ)—TIMESTAMPS:(00:00) Preview and Intro(02:06) Sponsor - Netsuite | Maxio(04:38) Disdain for Google Sheets(06:11) Driving Alignment in Finance and Accounting(09:09) Finance and Accounting as an External Concierge Service(12:12) Why Tool Consolidation is Overrated(18:29) Sponsor - Leapfin | Mercury(20:27) Advice for Asking for Funding(24:37) Managing Spend During Tough Times(30:30) Wisdom From Charlie Munger on Doing Nothing(33:05) Advice on Taking Advice(35:35) Frameworks for Making Difficult Decisions (40:36) A Decision Based on a Gut Feel Not Data(43:31) Long-ass Lightning Round: Learnings From a Big Mistake and Other Advice(46:38) Most Recent Software Tool(47:37) Craziest Expense Story and the Fraud Triangle Get full access to Mostly metrics at www.mostlymetrics.com/subscribe
Released:
Jun 24, 2024
Format:
Podcast episode

Titles in the series (77)

Run the Numbers is a 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.