Virtualrace is a start up promoted by professionals who have held CFO level positions in the past. Virtualrace is a pedometer based, mass participation event conducted over 100 days. Virtualrace is backed by a Venture Capital Fund and it encourages activity and health in a fun and inclusive manner that complements hectic lifestyles.

1. MyCFO India Case Study
On VIrtual Race

2. Client:
MyCFO plays the role of a full fledged CFO.
MyCFO got involved at a pre – revenue stage
to assist the promoters to monetize the
business concept. Being a full blown CFO role,
MyCFO also is involved in assisting the
company in defining the key metrics to
measure business performance, preparation
of MIS.
http://mycfo.in/

3. Communication with the investors,
negotiations with vendors, thinking through
price points and customer profitability,
involvement in getting the website
operational, thinking through modes of
distribution and logistics including tax, cash
flow and profit impact and drafting
employment letters and salary structures for
new recruits.
Client:
http://mycfo.in/

4. How The Client Benefited:
MyCFO’s role extends beyond the role
that a full time CFO would have
handled. Considering the range of
activities that Virtualrace had to get
done, MyCFO provided the client support
on Commercial, Financial, Accounting and
Operational support.
http://mycfo.in/

5. How The Client Benefited:
We are a Business Partner, not a Service
Provider. MyCFO also plays an active role in
providing periodic reports (not just
accounting) to the investors and promoters
which has provided visibility into the
business performance. Our involvement on
negotiations has helped the company to
reduce costs by 30%. The payback on
MyCFO’s annual fees has been less than 3
months for Virtualrace.
http://mycfo.in/

6. Official Website
http://mycfo.in/
Read More On This Blog
http://mycfo.in/blog/?p=227

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Social Profiles
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10. THANK YOU