In case some hard data is helpful — how do early-stage startups handle finance?
In the vast majority of cases, it falls on the founder! Along with a hundred other responsibilities.
Only 5% of companies worth between $1M and $10M have a dedicated Finance team member, according to recent Carta data. That percentage jump all the way to...6.5% by the time the company is worth $25M.
The CFO is a crucial part of the startup lifecycle. They just don't factor much into the earliest days of the company journey.
Of course a number of startups turn to consultants, fractional leaders, and a host of other methods for their finance / accounting needs until the business starts to scale.
Just my data-driven two cents on some comments flying around this week ❤️
If you're interested in the full report breaking down functions at early-stage startups, I'll drop a link to the report in the comments below.
#startups #earlystage #finance #CFOs #founders #cartadata
DISCLOSURE: This communication is on behalf of eShares, Inc. dba Carta, Inc. ("Carta"). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. © 2026 Carta. All rights reserved. Reproduction prohibited.
