CFO & Strategy
Board Meeting Financial Prep
Collated by Harry Prabandham
Curated by Rubric Financial
1 / 5
What to Present
- P&L vs budget with variance explanations for any line item deviating more than 10-15% — board members want to understand the why, not just the what.
- Cash position, burn rate, and runway projection — include both the current runway and a scenario showing runway under different hiring and revenue assumptions.
- Key KPIs and operating metrics: ARR, MRR growth, NRR, CAC, LTV, headcount vs plan — present trends over the last 3-6 months, not just the current period.
- Hiring update: actual headcount vs plan, open roles, time-to-fill, and any changes to the hiring plan with rationale.
Related Resources
CFO & Strategy
Startup KPIs Every Founder Should Track
A comprehensive guide to the financial and operational KPIs that investors expect founders to know and track from day one.
CFO & StrategyVC Capital Isn't Fuel — It's a Timer
Why taking venture capital commits you to a growth-at-all-costs trajectory — and how bootstrapped founders often build more personal wealth with less stress.
CFO & StrategyExit Planning & Liquidity Strategy
How to think about exit planning from early stages — the types of exits, when to start planning, and how to maximize outcomes for founders and employees.
About the author
Harry PrabandhamFounder & CEO
Founder and CEO of StartupCFO. MBA from Wharton, MS in Computer Science, and decades of experience building and advising venture-backed startups.
More articles by Harry →