The Role of CFO in a Deep Tech Company | Michael Black

Lab to Market Leadership with Chris Reichhelm

In this episode of Lab to Market Leadership, we delve into the crucial role of a deep tech Chief Financial Officer with our expert guest, Michael Black, CFO of ieso Digital Health.

With extensive experience across various deep tech sectors, Michael provides a comprehensive look at the CFO's responsibilities, the necessity of understanding advanced technology, and the pivotal role of financial management. Tune in to learn about the unique challenges and strategic approaches required for success when scaling a deep tech business.

Episode Highlights:

- Key components of a CFO's role in deep tech

- Financial management and company survival strategies

- The significance of understanding tech when undertaking the duties of a CFO

- Effective collaboration with CEOs and organisational leadership

- Finance strategies in the early stages of scaling a deep tech company

Listen now to gain valuable insights from a seasoned CFO in the deep tech industry!

Learn more about Lab to Market Leadership: https://www.deeptechleaders.com
Follow us on LinkedIn: https://www.linkedin.com/company/deeptechleaders
Podcast Production: Beauxhaus

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1. Intro to Investor Expectations (00:00:00)

2. Intro to Michael Black - a leading deep tech CFO (00:01:14)

3. The role of a CFO in deep tech (00:02:16)

4. Understanding the financial landscape (00:03:48)

5. The importance of technical knowledge (00:05:28)

6. Building the perfect product (00:07:10)

7. The journey of raising capital (00:09:25)

8. Early stage financing strategies (00:11:05)

9. The Significance of Market Relationships (00:17:13)

10. The Role of the Team in Success (00:22:59)

11. Developing a Commercial Model (00:25:39)

12. The Role of CFO in Strategic Discussions (00:31:38)

13. Calling Out the Elephant in the Room (00:32:54)

14. Clarity of Goals and Objectives (00:34:35)

15. Financing Challenges for Scaling Up (00:36:28)

16. The Importance of Customer Contracts (00:38:43)

17. Balancing Customer Demands and Business Focus (00:42:01)

18. Lessons Learned from Startups (00:47:34)

19. Emotional Maturity in Leadership (00:52:17)

20. Managing Middle Management Effectively (00:57:00)

21. Final Thoughts and Reflections (00:59:50)