TripActions' first CFO reflects on his stint as Snowflake's first CFO - Business Insider

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This veteran CFO moved from hot $3.9 billion startup Snowflake to hot $4 billion startup TripActions, and it taught him the importance of having the CEO set a corporate culture

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"The Snowflake that I joined under Bob's leadership was more similar to TripActions today from a cultural perspective," he told Business Insider. "I should have spent more time on that at prior companies, on the importance of company culture."Thomas Tuchscherer jumped from one hot tech startup to another this year, taking on the critical CFO role at two prominent unicorns.

The opportunity to join TripActions came in the wake of the big changes at his former company. Tuchscherer changed jobs when Snowflake, another hypergrowth startup also valued at around $4 billion, changed CEOs in May. It was a sudden, even jolting, transition that led to his exit, but one that highlighted for Tuchscherer the importance of culture in startups — particularly those that are growing really fast.

"A lot of friends were telling me that you know, financially, probably would have been able to made more sense for me to stay at Snowflake in a different role," he said. But "I was recruited at Snowflake as the CFO and to potentially take the company public and and if that was no longer an option then I was not interested in that role."He did stay at Snowflake for a few months to help in the transition.

 

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