Web3 CFO Skills

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web3 brings new challenges to the startup leadership.

Here are some key skills a Web3 CFO should have:

In addition to basic financial skills, the CFO should also understand the technology and frameworks for DeFi, Crypto, and Web3.

Web3 brings a new tech stack with multiple layers providing new functionality.

CFOs need to understand the structure and the regulatory requirements.

Web3 brings new ways to raise funding.

CFOs will need those tools to fund the operations.

Web3 brings new tools for financial reporting.

The CFO will need to know the Web3 tools for managing the financial aspects of the operations.

Web3 takes the treasury function to a new level.

The CFO will need to know how the treasury works to maintain ongoing operations.

Web3 interfaces with the traditional banking world.

The CFO will need to know how to manage traditional banking relationships with the Web3 structure.

Finally, converting crypto funds to traditional banking accounts require additional oversight from the CFO.

Web3 CFOs should know these areas to be effective.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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