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Startup lessons in the failure of Bench Accounting

CFO Share

But four days before year-end the busiest time of year for accounting firms they ran out of cash and ceased operations. I do not know the details of Bench’s financial problems, but I have seen other “successful” VC startups fail and fold in 2024. How did such a large and reputable competitor suddenly fail?

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Avoiding The M&A Failure Trap: Q&A With NYU’s Baruch Lev And SUNY Buffalo’s Feng Gu

Global Finance

Baruch Lev is Philip Bardes professor emeritus of Accounting and Finance, Kaufman Management Center, Leonard N. Feng Gu is chair and professor of Accounting and Law at the School of Management, State University of New York at Buffalo. Lev: One important element of successful due diligence is to look at the accounting.

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The Fractional CFO

Global Finance

Growing numbers of experienced chief financial officers are abandoning the corporate grind to take freelance roles for multiple clients—whether in parallel or on a serial basis. Two years ago, only about 2,000 LinkedIn accounts featured people promoting C-suite fractional services. But they can’t afford to hire a top-notch CFO.

CFO 98
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5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

Startups tend to operate on shaky ground. 90% of startups will fail - period. As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. The key is understanding a startup's challenges and providing solutions to facilitate company growth. startups need you.

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Reimagining AI’s Role In Finance

Global Finance

” An AI-powered chatbot may return a list of common reasons for the bank to deny credit, followed by a customer-service phone number for the user to call. Bancolombia Ventures partners with startups, focusing on topics such as fintech, climate-related technology, and cybersecurity.

Finance 92
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Orion Acquires Summit Wealth Systems To Become Its Next-Generation All-In-One Portal (And More Of The Latest In Financial #AdvisorTech – January 2025)

Nerd's Eye View

FINNY AI, an AI-powered prospecting tool, has raised $4.2

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Avoid the Unforced Investment Errors Even Billionaires Make

Barry Ritholtz

Your Lizard Brain : One of my favorite behavioral hacks is for you stock junkies: Manage your lizard brain via a Cowboy Account. Set up a mad-money account with less than 5% of your liquid capital. ” The cowboy account serves the same function. Buy high, sell low, repeat until broke. If it works out great!