693: Building Individual Trust | Mike Rasic, CFO, Synapse


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Looking back, Mike Rasic says that his entry into the world of tech start-ups got kicked off with a phone call that he almost didn’t answer.

“I have a strict policy that if I see a phone number popping up on my mobile that I don’t recognize, I just don’t pick up,” explains Rasic, who goes on to say that the voice on the other end belonged to a head hunter who subsequently gave him the scoop on a CFO position.

“It worked out,” reports Rasic, a former PwC partner who is currently the CFO of Synapse, a fintech start-up that can now be counted as Rasic’s fourth CFO tour of duty.

Asked what advice he wishes that someone had given him upon entering the CFO office for the first time, Rasic replies “timing matters,” before explaining further: “I joined a mortgage company as CFO at the onset of the mortgage crisis.”

Besides some of the more challenging lessons gleaned from the mortgage crisis, Rasic says that he exited the experience with two key takeaways that he has applied to every CFO role since.

“First,” he notes, “I went into the role thinking that my world was predominantly going to be finance. Don’t think that way! And make certain that the role is expanding as much as you think is necessary.”

Rasic’s second takeaway once more highlights finance’s broadening influence.

“Don’t underestimate the responsibility of the role. You are going to make decisions that impact peoples’ lives for good and bad,” explains the finance leader. - Jack Sweeney

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