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How does the Startup & Tools process work?
Schedule a call with us, then we will match you with Interim experts who are a good fit. From there, you and your favorite expert get to choose what arrangement works best for the both of you.
We maintain a large talent pool of Experts around the world looking for part-time, remote work at startups and SMBs. We match startups with the Experts in our talent pool.
If you are a fractional expert, we encourage you to apply to join our talent pool.
How do you vet CFOs?
Our CFOs are vetted with a thorough application process, including two screenings on paper as well as a video interview. We complete the initial vetting so that you can easily choose one.
How do you make money?
We make money when you hire an expert through us. We take a small percentage of what the expert make in their first year working for a startup, and nothing after that.
What is a Fractional CFO and what do they do?
A Fractional CFO is a freelance finance expert that works on financial operations and management for startups and SMBs.
When should I hire a Fractional CFO?
Hiring a Fractional CFO early on in your company’s existence can be crucial to your success. Having a finance expert on the team from the start helps in ways that founders typically don’t realize until they hire a fractional CFO.
CFOs strategize for short term and long term, potentially saving money immediately as well.
Get the books in order, saving you lots of money in the future when you need to upgrade to a more comprehensive accounting system.
Allow for you to be more financially focused from the start by taking the finance function off your plate and applying their expertise to your business.
Providing you with connections from their previous clients, which could be the difference between your fundraising round being a success or failure.
How much do fractional CFOs cost?
The cost of a Fractional CFO can be anywhere from Free to 10k € per month, but the average is around 3k to 5k € per month. As you might expect, the monthly cost depends on a number of factors, such as hourly rate, complexity of tasks, and breadth of responsibilities you assign your Fractional CFO.
The typical hourly rate for a Fractional CFO is between 100€ and 250€ per hour. Most CFOs will charge within that range, but there are always outliers.
Can I hire a full time CFO or finance expert through you?
Yes! We don’t advertise this, but we won’t get in the way if you find a CFO or finance expert through us and later decide you want to hire that person full time.
Are there any upfront recruiting or contractual costs?
We require an initial deposit of 500€ that will be applied as a credit to your first invoice once you make a hire. If you decide not to move forward, your deposit will be refunded completely.
How is the trial period no-risk?
We make sure to start each engagement with a trial period of up to two weeks. This means that you have time to help ensure the engagement will be successful. If you’re completely satisfied with the results, we’ll bill you for the time and continue the engagement for as long as you’d like. If you’re not completely satisfied, you won’t be billed. From there, we can either part ways, or we can provide you with another expert who may be a better fit and with whom we will begin a second, no-risk trial.
What happens if I’m not satisfied with a Startup & Tools expert?
We allow our clients to begin a trial period with up to three experts from our network per position. While we rigorously screen all applicants to ensure talent and intelligence, we understand that not every person will be a perfect fit for every company. For this reason, we allow our clients to work with multiple experts for each position before they decide on a candidate with whom they are confident and comfortable.
How is Startup & Tools different?
Many organizations are faced with the issue of finding reliable expertst. At Startup & Tools , we leverage smart infrastructure and a rigorous screening process to curate the best talent the world has to offer. In a typical Startup & Tools engagement, in almost all cases we’ll introduce you to candidates within 24 hours, and 90% of our clients hire the first candidate we introduce.
These aren’t just any candidates either. At Toptal, we thoroughly screen our experts (please see “Testing & Screening” below) to ensure we only supply experts of the highest caliber. Of the more than 100,000 people who apply to join the Toptal network each year, we accept fewer than 3%. You’ll work with experts in design, technology, or business (never generalized recruiters or HR reps) who hand-select the right match for you from our network.
Where are your experts located?
Currently, we have experts in over 20x countries, most being located in the Americas and Europe.
Where do Startup & Tools experts work?
The vast majority work remotely from their home office or a co-working space.
Can I hire a full-time worker from Startup & Tools and bring him/her into our company?
For the most part, yes. We will work with you to fully understand your specific requirements so that we can establish a mutually beneficial arrangement.
Do you offer services such as screening, vetting, and testing to help us hire employees outside of the Startup & Tools network?
While we currently do not supply these services, we plan on offering them in the future.
Who owns the legal rights to the work created by a Startup & Tools expert?
The client. Startup & Tools ’s only business is connecting world-class experts to the clients who want to work with them - not intellectual property. Our contracts provide that all work created by a Startup & Tools expert is the property of the client, not Startup & Tools.
How often will I be charged? How are payments and invoices handled?
We typically invoice our clients twice a month, though there is some flexibility here. Invoices are generated with Net 10 terms, so our clients have an opportunity to review the charges prior to processing.
Want to learn more about our offer?
Talk to our team by sending a request. We’ll call you back within one hour and find a suitable expert within 48 hours.