VC's often invest in hundreds of startups, giving little time or energy to each specific startup. The startup is a part of a speculative industry bet, not a company specific bet.
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Startups invent new positions to give jobs to the friends of executives ready to cash in on securing VC funding.
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Not that many startups have real CFO’s and they tend to have long tenures. VP Marketing is usually the highest turnover slot
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Without getting too personal, my former (well respected and funded startup) cycled through 3 CFO’s in 4 years. Understand this is anecdotal evidence. Point taken about lack of CFO’s in general.
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