Is director and governance reform a good thing for high-growth and venture capital backed companies?
Accounting | Management

Is director and governance reform a good thing for high-growth and venture capital backed companies?

Among the changes are rules that would make directors of large companies liable should they collapse. Is personal liability for non-executive directors a good thing?  Making directors personally liable for the collapse of companies is an unfortunate attempt to manage the fundamental risk of any corporate body that will have the unintended effect of making…

Frank Slootman: “no strategy is better than its execution”
Management

Frank Slootman: “no strategy is better than its execution”

“The board saw [the former CEO] taking Snowflake to the moon and believed Slootman could pilot the ship to Mars.” Frank Slootman is the CEO of Snowflake, and is one of the most well credentialled CEO’s in Silicon Valley, having taken two previous companies, Data Domain and ServiceNow to IPO. He has also written a…

Management

What is a data company?

This is an interesting piece from Auren Hoffman of Safegraph, “Data-As-A-Service Bible: Everything You Wanted To Know About Running DaaS Companies”.  There is a fundamental distinction between DAAS and SAAS companies, as the nomenclature implies. Hoffman cames from LiveRamp, formerly Acxiom Corporation, which is a marketing data company.  One of Hoffman’s analytical frameworks is: truth versus…

Management

Paired Metrics

One important concept is pairing indicators. Which is, if you measure one thing and only one thing, the company tends not to optimize to that. And often at the expense of something that is important. Cost is example of payments and financial services is risk. It’s really easy to give the risk team the objective…