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LinkedIn RibbonRose Punkunus
Rose Punkunus
Founder and CEO at Sudozi | CFO | Automating FP&A to unlock more Strategic Finance | Data Nerd
Is everyone's cash in a decent spot at this point?
Is everyone's cash in a decent spot at this point? If so, let's shift gears to discuss strategically deploying your cash to the most impactful parts of your business. My guest for Sudozi Finance Fridays tomorrow is Sarah Keller. Sarah has spent the last 7+ years at Uber leading Technology Sourcing and Supply Chain. Prior to Uber, Sarah has worked at Workday, Facebook, and Google. (just some small startups, nbd)
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My personal founder and finance journey navigating the SVB events...
Thursday March 9th, 🕙 10am CT: Start noticing SVB stock price and chatting with finance community about moving money Thursday March 9th, 🕑 2pm CT (noon PT): Wired 1/3 Sudozi's SVB cash to another checking account 𝘓𝘰𝘨𝘪𝘤: 𝘐𝘵'𝘴 𝘚𝘝𝘉. 𝘐𝘵'𝘭𝘭 𝘱𝘳𝘰𝘣𝘢𝘣𝘭𝘺 𝘣𝘦 𝘰𝘬𝘢𝘺, 𝘣𝘶𝘵 𝘭𝘦𝘵 𝘮𝘦 𝘨𝘦𝘵 𝘴𝘰𝘮𝘦 𝘤𝘢𝘴𝘩 𝘰𝘶𝘵 𝘫𝘶𝘴𝘵 𝘪𝘯 𝘤𝘢𝘴𝘦.
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Congrats to the Palo Alto Networks team on a great quarter!
My quick take on what's driving both their revenue growth and efficient expenses? 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐯𝐞𝐧𝐝𝐨𝐫𝐬 Impact on Revenue: Palo Alto Networks is able to sell more because companies are looking to consolidate vendors, particularly in this space. Impact on Expenses: Finding platforms that offer multiple solutions elegantly stitched together can be much more efficient for both direct software cost as well as employee time cost.
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Every employee has complained about finance and accounting before 😡
You don't need to be handing out trophies 🏆 all day, but take the opportunities to infuse a finance mindset into the company. It's super critical, especially during these times!
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Access to banking and capital is critical to innovation and growth
Access to banking and capital is critical to innovation and growth As an immigrant, I’ve seen firsthand how access to consumer capital has allowed my parents to buy a home in a great neighborhood, which has allowed me to attend great public schools and have amazing opportunities. Unlocking capital for SMBs was one of the reasons why I decided to leave Uber and join Fundbox as their first VP Finance. Fundbox uses the latest technology to develop innovative underwriting technologies so that SMBs, who were traditionally denied access to lending products, were able to instantly access working lines of capital.
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My attempt to explain some of this SVB mess with Mangos 🥭
Last week, you bought a mango tree that produces 2 mangos a year 🥭 🥭. Now, for the SAME PRICE, you can buy a mango tree that produces 4 mangos a year 🥭 🥭 🥭 🥭 (Because the Fed raised interest rates to fight inflation - thanks Fed!)
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