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There is no one. As the chief financial officer who knows the inner workings of the company. So, we’ll see three high-profile CFOs quickly leave their jobs at richly valued, late-stage startups.
This week, OpenSea CFO Brian Roberts left the Web3 company less than a year after taking the job. Days later, Brakes CFO Adam Swiecicki left the expense management company to join Ripling, another company that recently expanded into the expense management space. It comes hot on the heels of Brax announcing an 11% layoff. (Swiecicki, the former CFO who stepped down to take the helm, has returned to his original position).
“The first person to know if it is possible to grow to these values is the CFO.” Next CEO Nolan Church
But that’s not all. Noum, a nutrition and health coaching platform, has confirmed that its CFO, Mike Noonan, is stepping down two years after joining, hours before TechCrunch learned that the company is making a series of layoffs.
Even if the CFO’s departure is unrelated to layoffs, is it that simple? After all, the layoffs are due to the need to shore up finances in the face of an uncertain market, which is precisely the chief job of the chief financial officer.
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