Most startups can’t afford to hire someone with 25 to 30 years of experience in their industry, but many could use that type of talent at some point in their company’s journey.
A CFO to help raise capital. A sales leader to develop a strategy for selling or to recruit a solid team. An operator to put systems in place for managing a business.
A Richmond-based firm with a new office in the Triangle hopes to fill the need with its 60 experts in fields as varied as marketing, sales, strategic planning, venture capital, private equity, finance, HR and executive recruiting. Called The Fahrenheit Group, the firm provides both seed and growth stage startups with fractional services like a CFO one day a week, or an operations consultant to put internal systems and infrastructure in place to support rapid growth.
The reasons for a Triangle operation aren’t shocking. There’s the strong universities and the IP, business ideas and entrepreneurs spinning out of them, and close proximity to Richmond for team members to make a day trip. The pay-it-forward culture in Richmond was resonant in the Triangle too. But even bigger for founders Rich Reinecke and Keith Middleton, is the opportunity to be part of a community they envision to be a top location for startup formation in coming years.
“They wanted a presence in one of the best locations for rapidly growing early stage companies with disruptive technologies,” says Bill Kaluza, the Triangle office’s managing director.