Every investor is looking for the “dream team” of executives to put money on. Often I find that experienced investors scan ahead to the management page of a business plan, even before they read the product description. That’s how important the people are. The Chief Financial Officer (CFO) role is usually considered second only to the CEO, because financials are critical.
In fact, about 25% of CFOs make it to the CEO position, although not necessarily in a single step, like Marcel Smits at Sarah Lee foods. The latest Crist Kolder report finds that the percentage of new CEOs who have prior experience as a CFO hit an all time high during the recent financial crises.
To read the full, original article click on this link: Startup Professionals Musings: 7 Reasons Why Startup CFOs Become CEO Candidates
