Company

Startup finance is a mess. For the last two decades, the pitch to founders has been the same: hand off the numbers so you can get back to building. Finance has been overhead to minimize, work to offload, a cost of doing business.

Founders outsource it to agencies and service providers focused solely on what happened last month, never on what’s coming next. In other parts of the economy, finance is a growth lever, helping executives better allocate capital and measure ROI. Within startups, it’s a defensive, administrative function that reports on the past.

Finance should give founders an edge: the ability to identify and capitalize on opportunities that grow their businesses. The best finance function feels like an unfair advantage, because you have data at your fingertips, and expert guidance behind it, to stay three steps ahead of your competition even while struggling to keep your head above water.

Busy founders spend billions a year outsourcing finance to bloated, legacy accounting firms and tech-enabled bookkeepers, who layer CFO services on top and then delegate them to junior employees who know nothing about those businesses. They use technology only insomuch as it helps them commoditize accounting - at the detriment of founders and their teams. Billions in venture capital and thousands of customers later, these behemoths have only accelerated the race to mediocrity.

Beneath them sits a Frankenstein stack of point solutions and isolated specialists guaranteeing that no one, least of all the founder, sees all the pieces. When most startups make their first full-time finance hire, it’s like a breath of fresh air as they experience financial leadership for the first time. Unfortunately that hire is quickly buried under day-to-day operations, consumed by picking up the pieces left behind by a fragmented stack of service providers and point solutions, all of which require active management.

Quill is the autonomous finance department that helps founders grow their businesses. Our team sets up bespoke systems that handle the finance, HR and compliance jobs-to-be-done while keeping expert operators in the loop. Data from those jobs, as well as from daily communication with your team, feed a company brain that maps tribal knowledge and codifies memories that our operators can reference as they complete work on the company’s behalf. It’s a different application of AI, and a new kind of finance.