Insights

Plain talk on the numbers.

Straight, useful writing for founders in technology, biotech, pharma, and pharmacy, on the financial questions that actually keep you up at night. No jargon for its own sake, and a real example wherever we can give one.

Technology

Growth vs Cash Flow Positive: How to Model the Tradeoff

One revenue case, three cost plans, nine boxes. How to settle the growth versus profitability argument with arithmetic instead of instinct.

13 min read · September 3, 2026

Fundraising

What Goes in the Finance Section of a Series A Data Room

No diligence checklist specifies your financials. The nine files the finance folder needs, staged access, and the 409A trap a term sheet springs.

13 min read · September 1, 2026

Fundraising

Fundraising Due Diligence: The Finance Checklist

What investors actually examine, the ten files your data room has to hold, and the red flags that stall a round.

11 min read · August 27, 2026

Timing

When Should a Startup Hire a Fractional CFO

Six triggers that mean the decisions have outrun the books, and not one of them is a revenue number.

13 min read · August 25, 2026

Technology

Is the Rule of 40 Still the Benchmark in 2026

Yes, but the margin you pick swings the score by thirty points, and investors now weigh a point of growth at two to three times a point of profit.

12 min read · August 20, 2026

Technology

The SaaS Metrics Investors Ask For Before a Raise

The six numbers investors ask for before a raise, the benchmarks that actually apply to private companies, and the ARR movement schedule that proves them.

15 min read · August 18, 2026

Technology

What Is a Good Burn Multiple for a Startup

Net burn divided by net new ARR is the price tag on your growth. What good looks like by stage in 2026, how investors read it, the four ways it lies, and the levers that move it.

13 min read · August 13, 2026

Boundaries

Can a Fractional CFO Do Your Audit

No. An audit is attest work, and only a licensed CPA firm independent of you can perform one. What the boundary is, who to hire, and whether you even need one this year.

11 min read · August 11, 2026

Pharmacy

PBM Reconciliation: How Pharmacies Find Underpayments

Adjudication is a quote, not a payment. The five places pharmacy money leaks, a seven step weekly workflow to find it, and when a variance becomes an appeal.

13 min read · August 6, 2026

Island Waters Insights

What Does a Financial Controller Do

The controller owns the accuracy of the numbers: the close, the ledger, reporting, and internal controls. What the seat covers, what it costs, and when a growing company needs one.

11 min read · August 4, 2026

Cross industry

What Does an Interim CFO Cost in 2026

What interim finance leadership actually costs in 2026, why the honest answer is not an hourly number, and what you get at each retainer tier.

11 min read · July 30, 2026

Cross-industry

How to Build a 13-Week Cash Flow Forecast

Your annual model reports in quarters. Payroll lands on a Tuesday. Here is the rolling weekly forecast that closes that gap, line by line, and the weekly review that makes it stick.

12 min read · July 28, 2026

Technology

What Is Runway and How Do You Calculate It

Most founders can tell me their bank balance but not their runway to the week. Here is the formula, the one word that fools people, and the benchmarks that keep a company alive.

8 min read · July 23, 2026

Cross-industry

Bookkeeper vs Controller vs CFO: Who Does What

Three different jobs, not a ladder. What each role owns, what each costs, and how to tell which one you actually need.

8 min read · July 21, 2026

Cross-industry

Outsourced CFO vs Fractional CFO: What Is the Difference

Two terms founders use interchangeably. Here is the distinction that actually matters.

7 min read · July 16, 2026

Cross-industry

Fractional CFO vs full time CFO: which does your startup need?

Hiring full time too early is one of the most expensive mistakes a founder can make. Here is the real cost gap, the equity math most founders skip, and the signal that says it is finally time.

8 min read · July 14, 2026

Cross-industry

How much does a fractional CFO cost in 2026?

Retainers commonly run $3,000 to $15,000 a month, against $250,000 or more all in for a full time hire. Here is what actually drives the number, and what you get at each tier.

9 min read · July 9, 2026

Cross-industry

What a fractional CFO actually does day to day

The title sounds like a half-time CFO. The work is something more specific: you get senior judgment on the decisions that actually move your company, not a reduced version of a full-time hire.

5 min read · June 28, 2026

Cross-industry

How to know when you actually need a fractional CFO

Most founders wait too long, then hire too senior, too permanently. Here is how to read the signal.

6 min read

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Founder Fridays

Reading one of these and still have the question that is actually on your mind? Book a free 30 minute slot on a Friday and ask it. Accounting, finance, or how we use AI in the firm. No pitch, no pressure, and if it is not our lane we will point you to who can help.

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