FP&A Today - Episode 30 - Sruthi Lanka: Why Top Startups see FP&A as Central to Strategy
Show Notes
Engineer-turned-CFO Sruthi Lanka was drawn into finance after seeing her parents - themselves brilliant engineers - losing money in the markets. “I couldn't understand how people who could solve incredible math puzzles in their head could not figure out how to make a return in the markets. And so that's what led me down this path of navigating into finance.”
Today she is CFO at investing app, Public.com, the biggest competitor to Robinhood, famous for the “GameStop Frenzy which rattled markets in January 2021.
In this episode Sruthi reveals
Her vision for FP&A as central to business and executive leadership
Her experience of The GameStop Frenzy in late January 2021 which coincided with her joining Public.com, helping it explode from “a relatively young startup to having over a million members”
The centrality of data or analytics partnering with finance and why some engineering and SQL is an important skill set for CFOs
Her founding membership of FSuite in which StartupCFOs meet to discuss everything from the best tools to complex challenges they are facing
Why a regular monthly meeting with FP&A is “sacrosanct” - in order to optimize what is measured and show progress against targets
The importance of FP&A doing the “hard work” of building “simple” financial models
YouTube Video
Read the full transcript and blog
Show Links
FSuite (A thriving, invitation only community where CFOs turn to excel in their career and day-to-day)
Follow Sruthi Lanka on LinkedIn
Follow Paul Barnhurst on LinkedIn
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