Alexander Langholz is CFO at Cherry Ventures and has previously supported various IPOs for years. He talks to Fabian about the business as CFO of a venture capital fund, IPOs and fundraising strategy.
What you learn:
What impact does the current market situation have on venture capital firms (using Cherry Ventures as an example)?
At what point do I absolutely need a CFO in the company?
How have funding rounds changed due to the crisis years and market changes?
How can I recognize a good CFO who is suitable for my startup?
ALL ABOUT UNICORN BAKERY:
(00:01:05) How do the current market changes affect a seed VC company like Cherry Ventures?
(00:04:11) As a CFO, what data and information are you most interested in about the companies' portfolios?
(00:06:10) What indicators do you use to tell if companies are well positioned?
(00:06:45) Why has the relevance of profitability changed so much?
(00:08:52) If you are now supposed to get to faster profitability with less money - is that as contradictory as it sounds?
(00:10:53) What needs to change for IPOs to matter again?
(00:14:15) How do you make it clear to startups that the growth valuations of recent crisis years are no longer attractive now?
(00:16:36) As a fund, have you had to reevaluate your portfolio and adjust it to market conditions?
(00:20:41) Do you communicate to the founders when the paper value of the company is adjusted?
(00:21:01) What are the challenges of being a CFO at a venture capital firm?
(00:23:32) How would you estimate the market will be in 2023?
(00:26:30) As an entrepreneur, when do you realize that you are ready for an IPO or that you should think about different financing/exit strategies?
(00:31:40) Differences between an IPO in Germany vs. the U.S.
(00:32:51) When do I hire a CFO?
(00:36:34) Is it okay to look for an interim CFO first?
(00:37:32) How do I recognize a good CFO?
(00:39:11) How would you currently structure a financing round from a founder's perspective?
Cherry Ventures: https://www.cherry.vc/
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