European Technology Ecosystems – Insights, Stakeholders & Success Cases
Learn more about the impact of stakeholders in European innovation ecosystems
FINANCE IS NOT CORE FOR EARLY STAGE STARTUPS AND HIRING SOMEONE FOR IT BURNS RESOURCES THAT COULD BE USED FOR PRODUCT/MARKET DEVELOPMENT
STILL, FINANCE-RELATED TOPICS NEED TO BE SOLVED (E.G. CREATING KPIS DASHBOARDS, GROWTH PLANNING & BUDGETING)
WHEN FUNDRAISING THERE ARE EVEN MORE INTERNAL/EXTERNAL REQUIREMENTS THAT KEEP YOU FROM FOCUSING FROM YOUR CORE BUSINESS
STARTUPS’ CONDITIONS CHANGE SWIFTLY REQUIRING CONTINUOUS UPDATES ON THE FINANCIALS AND KPIS
Working with FFA enabled us to fully understand which path we could take in terms of venture capital or private equity investments and were very supportive along the whole processWerner Rainer, Former President of the Board, Health Robotics
Our SaaS has a standard weekly pricing (depending on the package that you choose) and we have a scrum/agile approach in deploying the support for our clients. We will define the first 2-3 weeks of work and then reiteratively define and deploy priorities at every point in time. Recurrent activities will be identified and deployed across the way, once there is a clear understanding of the recurrent need.
We would like you to be able to hire a CFO and financial team as quickly as possible, and we have all the interest to move to supporting other companies as quickly as possible. Our service can be cancelled with a standard 4-week notice, if not otherwise agreed by both of us.
We want to provide a light-weight lean package and basing our business model as much as possible towards value/success fees. For each activity there will be objectives and goals defined and each has value/success metrics and KPIs attached. Some activities (like fundraising and investor relations) are easier to connect to a clear added value, others (like setting up KPI dashboards) will be more based on fixed remunerations. In the end, we will try to use our resources to maximize success of the project.