A Fractional CFO is a part time executive that is paid on a monthly basis. Between $5,000 and $10,000 in general. They use the accounting numbers to provide forward looking guidance on Cash flow, burn rate, etc. Furthermore, they help with funding, oversee accounting, and teach founders about the financial side of their business.
Eventually helping to bring on a full time CFO when it is needed.
Eventually helping to bring on a full time CFO when it is needed.