Biggest Challenges Faced By A Head Of Finance And Business Operations At TigerEye Labs
Yuri's biggest challenge as Head of Finance and Business Operations at TigerEye Labs is the rapidly evolving AI industry, making accurate financial projections difficult; the ability to communicate a range of possible outcomes based on various dependencies, and "keep[ing] learning and keep[ing] not bored," are key skills in this dynamic environment.
Financial Modeling, Predictive Analysis, Communication, Adaptability, AI Industry
Advizer Information
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Company
Undergrad
Grad Programs
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Yuri Yakubov
Head of Finance and Business Operations
TigerEye Labs, Inc.
UC Berkeley
UC Berkeley MBA, Haas School of Business
Business & Related
Technology
Finance
Honors Student, Took Out Loans, Immigrant, Worked 20+ Hours in School
Video Highlights
1. The rapid evolution of the AI industry makes financial projection challenging, requiring adapting to constant change and uncertainty.
2. Effective communication of financial projections is crucial, including conveying confidence levels and potential outcomes based on various factors.
3. The role demands a diverse skillset encompassing financial modeling, forecasting, and the ability to communicate complex information clearly and concisely to leadership.
Transcript
What is your biggest challenge in your current role?
It's never boring. My favorite part, as I mentioned, is kind of the flip side of it. It's having to keep up with how fast the AI industry is evolving.
A big part of my job is financial modeling and trying to project our revenue, our costs, and what vendors we need to buy from and sell to. It's challenging because the industry looks so different even a month from how it looked previously.
I know it will look different in a month, three months, and six months. Nobody can really tell me how, and nobody knows how. It's not that nobody can tell me; it's just that nobody knows.
It's challenging to provide our CEO and board with projections we can feel confident in. There's a whole skill set around communicating what you're confident in, what you're not, and why. It's about giving a range of potential outcomes, depending on various dependencies.
So, it's both challenging and something I really enjoy because it keeps me learning and not bored.