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Venture Capital Startups

Facing CFO Shortage, Silicon Valley Tries Training

When a group of a dozen or more private technology executives gather at Andreessen Horowitz’s offices today, they will be taking notes instead of pitching. The topic at hand: “How to be a great CFO.”

The pilot program, aimed at CFOs of small companies and finance professionals aspiring to the CFO role, is designed to address the shortage of experienced CFO candidates for private technology companies, according to its instructor, former Yelp CFO Rob Krolik. Scores of CFO searches are under way in Silicon Valley, including at Uber and Airbnb. At the same time, the number of finance specialists with sought-after public company experience is shrinking, said recruiters and investors.

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