>> While Vembu has been running Zoho for nearly a quarter century, his sister Radha and brother Sekar own the bulk of the company, according to Indian filings. A product manager at Zoho, Radha has a 47.8% stake in the company that’s currently worth an estimated $2.2 billion. Sekar, founder of Vembu Technologies in Chennai, owns 35.2% worth $1.6 billion. Vembu owns 5%, worth $225 million. The family, now worth at least $4 billion, was ranked No. 48 on Forbes’ 2022 list of India’s 100 Richest under Sridhar’s name due to his prominence as founder and CEO.
It's really not. The overall tone is "You don't know anything about finance/accounting as an inexperienced leader but that's okay! - Just outsource it! Oh and here are some tidbits so you can pass off as knowledgeable in conversation"
It's not tone - it's explicitly targeted at people who don't know much/anything about finance/accounting and almost by definition are relatively inexperienced at running a business.
There isn't a great alternative. Taking the time to become an expert certainly isn't a good idea. Hiring a CFO with seed money isn't a good idea.
So this is the level of finance/accounting sophistication now expected for a business with a valuation of $30m–60m? Maybe I'm out of touch. I think this guide lowers the bar unnecessarily.
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[ 3.4 ms ] story [ 26.9 ms ] thread- https://www.cbinsights.com/company/zoho/financials
Here’s an article that appears to back the claim:
- https://techcrunch.com/2022/09/10/how-zoho-became-1b-company...
>> While Vembu has been running Zoho for nearly a quarter century, his sister Radha and brother Sekar own the bulk of the company, according to Indian filings. A product manager at Zoho, Radha has a 47.8% stake in the company that’s currently worth an estimated $2.2 billion. Sekar, founder of Vembu Technologies in Chennai, owns 35.2% worth $1.6 billion. Vembu owns 5%, worth $225 million. The family, now worth at least $4 billion, was ranked No. 48 on Forbes’ 2022 list of India’s 100 Richest under Sridhar’s name due to his prominence as founder and CEO.
Source:
- https://www.forbes.com/sites/luisakroll/2023/03/13/zoho-srin...
There isn't a great alternative. Taking the time to become an expert certainly isn't a good idea. Hiring a CFO with seed money isn't a good idea.