Eightx Talk to a CFO
CFO

Jared Lovenduski

Boulder-based CFO who started in venture capital, then spent a decade as a founder and operator building two CPG brands from scratch. Today he builds finance functions where none exist and the cash flow forecasts that tell a leadership team how much time they actually have.

Ex-VC analyst & associate Founder & CEO, Lillabee Snacks (12 yrs) CFO & interim CEO, Adapto Foods SaaS · CPG · Manufacturing Boulder, Colorado
Jared Lovenduski, CFO at Eightx

Jared Lovenduski

CFO

Ex-VC · Two-time CPG founder · SaaS CFO

About

The CFO who has actually been the founder

Jared Lovenduski started his career as a venture capital analyst and associate, learning how to evaluate business models, stress-test assumptions, and understand what makes companies fundable and profitable, and what kills them before they get there.

He then spent a decade as a founder and operator, building two CPG brands from scratch: scaling them in retail and online, fundraising through multiple rounds, navigating co-manufacturer complexity, and eventually winding down with as much integrity as he could manage. That is where his financial instincts really got tested.

Since 2022 he has run a fractional CFO practice through 1070 Ventures, working with founders and leadership teams in SaaS, CPG and manufacturing who need a genuine thought partner, not just a reporting function.

His most recent SaaS engagement was with an AI-native, B2B, outbound sales-led company that had no finance function when he arrived. He built it: internal practices, accounting cleanup, reporting cadence, FP&A infrastructure. He built an 18-month cash flow forecast that modelled seat-level churn, the annual versus monthly subscription mix and its deferred cash timing effect, Stripe reserve dynamics, and headcount additions against runway, all built from and reconciled to live Stripe subscriber data. He worked across a growing go-to-market team (VP of Sales, two AEs, marketing) to model sales capacity and pipeline against burn. He owned the Stripe-to-accounting reconciliation, the unglamorous work that prevents nasty surprises. He hired and onboarded bookkeeping support and wrote the role description and hiring criteria for the company's first controller. And when growth turned into deceleration, he guided leadership through the hard conversations about burn rate, runway, and what had to change.

SaaS has its own vocabulary and financial logic: MRR versus ARR, the cash flow effect of an annual versus monthly subscription mix, net revenue retention, CAC payback, seat and user unit economics, and the difference between outbound and inbound. Jared is fluent in that language. But as he puts it, the core job is always the same: make sure the business doesn't run out of money before it proves what it needs to prove.

His CPG background is not a detour from CFO work. It is where much of his leadership instinct comes from. He founded and scaled Lillabee Snacks over 10 years, and separately served as Founder/CFO and interim CEO of Adapto Foods. CPG companies live and die on working capital, customer payment terms, co-manufacturer relationships, and the gap between when you spend and when you collect. And product quality. That discipline, running a business through capital constraints where the margin for error is small, translates directly to any company trying to scale without running out of runway.

He has worked with many clients in natural food and beverage CPG across a range of scale, business-line complexity and funding stage. He is also engaged with a funded startup in the end-of-life services industry whose B2B revenue model centres on licensing technology and proprietary hardware systems to funeral homes and cemetery operators nationwide.

The core job is always the same: make sure the business doesn't run out of money before it proves what it needs to prove.

Jared Lovenduski

What Jared works on

The problems founders hand him

Jared has sat in the investor's chair, the founder's chair, and the CFO's chair. These are the problems he has run himself, not just advised on.

Building a finance function from nothing

Internal practices, accounting cleanup, reporting cadence, FP&A infrastructure. When a company has grown past the point where the founder can hold the numbers in their head, Jared builds the thing that holds them instead.

18-month cash flow forecasting

Seat-level churn, subscription mix, payment processor reserve dynamics, headcount additions against runway. Built from live subscriber data and reconciled to it, so the forecast survives contact with the bank account.

SaaS unit economics, properly

MRR versus ARR, net revenue retention, CAC payback, seat and user economics, and the cash timing difference between an annual and a monthly plan. Fluent in the vocabulary, and clear about which numbers actually drive the decision.

Working capital in CPG

Customer payment terms, co-manufacturer relationships, and the gap between when you spend and when you collect. Jared ran two CPG brands through exactly this, where a small error is an existential one.

Fundraising when the narrative isn't clean

Non-AI-native companies are fighting the "why not just use AI" question. AI-native companies are navigating model cost volatility, margin compression, and the risk of becoming a feature in someone else's product. Jared makes the case to investors anyway.

Leading through deceleration

The tough conversations about burn rate, runway, and what has to change. Jared has had them as the CFO in the room and as the founder on the other side of the table, including winding a business down with integrity.

Career

Where Jared learned this

Now

CFO at Eightx

Runs CFO engagements for founders and leadership teams in SaaS, CPG and manufacturing. Owns the finance function, the forecast, and the conversations about capital that come with them.

Since 2022

Principal at 1070 Ventures

His own fractional CFO and business finance practice, based in Boulder. Business plans, cash flow forecasts, valuations and financial projections for SaaS, CPG and manufacturing companies, working with founders, leadership and investors.

2021 to 2023

Founder, CFO and interim CEO at Adapto Foods

A CPG brand built around pantry staples enriched with adaptogens and botanical supplements. Jared held the finance seat and stepped into the CEO seat on an interim basis.

2010 to 2022

Founder, CEO and board member at Lillabee Snacks

Twelve years building an allergy-friendly, grain-free snack brand from scratch: retail and online scaling, multiple fundraising rounds, co-manufacturer complexity, and eventually a wind-down handled with integrity.

Started here

Analyst then Associate, venture capital at Midwest Financial

Five years evaluating business models and stress-testing assumptions from the investor's side of the table. Where he learned what makes a company fundable and profitable, and what kills it before it gets there.

Recent engagement

An AI-native B2B SaaS company with no finance function at all

Outbound sales-led, growing fast, and running entirely without finance when Jared arrived. He built the function from scratch, then built the forecast: 18 months of cash flow modelling seat-level churn, the annual versus monthly subscription mix and its deferred cash timing effect, Stripe reserve dynamics, and headcount against runway, all reconciled to live Stripe subscriber data.

Alongside that: reconciliation between Stripe and the accounting stack, capacity and pipeline modelling with a growing go-to-market team, a bookkeeper hired and onboarded, and the role description and hiring criteria written for the company's first controller.

The company grew substantially during the engagement before hitting headwinds that ultimately reshaped the business. Jared guided leadership through the deceleration: burn rate, runway, and what had to change. That is not a comfortable place to be. It is where a strategic CFO earns the engagement.

Hot takes

What Jared thinks founders get wrong

Overrated

The reporting function

A CFO who only produces reports is an expensive bookkeeper. Founders in SaaS, CPG and manufacturing need a genuine thought partner who will argue with them about the plan, not a monthly file drop.

Underrated

Reconciliation work

Getting Stripe and the accounting stack to agree is unglamorous and nobody wants to own it. It is also the difference between a forecast you can bet the company on and a spreadsheet full of surprises.

Dangerous myth

"ARR is the number"

ARR does not tell you when the cash lands. An annual-heavy mix and a monthly-heavy mix at identical ARR give you two completely different runways. Model the timing, not just the headline.

Experience & credentials

The background behind the work

Jared works alongside

Eightx leadership

Outside work

Boulder, and a board seat

Jared lives and works in Boulder, Colorado, the same town where he built both of his CPG brands. Since 2024 he has served on the Board of Trustees of Shining Mountain Waldorf School, an independent nonprofit serving preschool through grade 12, where he contributes on financial governance, budgets, risk and long-term sustainability. Same instincts, different balance sheet.

Work with Jared

Not sure how much
runway you actually have?

If you're a SaaS, CPG or manufacturing company that needs a genuine thought partner rather than a reporting function, book a 30-minute call.

Talk to Jared

30-min call · Money-back if we don't find value · SaaS · CPG · Manufacturing