Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
36 - How Velo CFO Works with the Top 1% of Founders with Vibhav Joopelli
Join me, Nik ( https://x.com/CoFoundersNik ), as I talk with Vibhav Joopelli ( https://x.com/vibtweets ) founder of Velo CFO, to discuss the intricacies of launching and running a fractional CFO and accounting firm. Vibhav shares insights on working with top 1% entrepreneurs, the decision to niche down on venture-backed startups, and the dynamics of preparing companies for fundraising.
The conversation covers the challenges and opportunities in the industry, the economics behind fractional CFO services, and Vib's unique journey from Ramp to starting his own successful business. If you're curious about the world of fractional CFO services and venture-backed startups, this episode is packed with valuable lessons and practical advice.
___________________________
Here are some questions this episode answers:
- How did Vibhav Joopelli build a successful CFO firm?
- What strategies does Vibhav use for financial modeling and fundraise preparation?
- How can venture-backed startups benefit from fractional CFO services?
- What are the challenges of working with high-growth startups and how can they be overcome?
- How did Vibhav manage to scale his business while maintaining high-quality financial services?
___________________________
LEAVE US A REVIEW ON APPLE PODCASTS AND YOU COULD WIN $100!!
Leave us a review, screenshot it, send it to us and you will be automatically entered to win $100! Every week I will pick a random listener who left a review to GET PAID!
This week we covered:
01:19 Meet the Guest: Vibhav Joopelli
01:41 Sponsor Message: How to Win a $100 Amazon Gift Card
02:23 Diving into Velo CFO: Services and Niche Focus
04:00 The Genesis of Velo CFO: From Private Equity to Startups
08:02 The Importance of Accurate Data in Financial Decision Making
13:10 The Entrepreneurial Leap: Starting Velo CFO
18:04 Customer Acquisition and Business Economics
19:31 Specialized Skills in CFO Roles
20:41 Sponsor Message: Win $100!
21:23 GL Accounting System Architecture
23:11 Fractional CFO Business Dynamics
27:29 Challenges in Fundraising and Valuation
35:10 Rapid Fire Questions
40:38 Conclusion and Final Thoughts
