Timi Okah

Outsourced CFO, Accounting, Technical Accounting, and HR Services @RavixGroup and @CSuiteFP for VC/PE/Searchfund backed businesses. $KFS - PortCo.

[Timi Okah @timiokah]

As many of you are aware, I acquired @RavixGroup in proprietary deal in 2021 after just over year of searching for right around 5x EBITDA. I discussed the acquisition on @TLAOPodcast when I was a month or so into the business.

https://t.co/YrR7SS1bNq

[Think Like an Owner @TLAOPodcast]

Our episode with @timiokah, the first searcher from Kingsway Financial's CEO Accelerator Program. Timi acquired an accounting and HR business called Ravix Financial. We discuss the acquisition, Kingsway's search model, and working with shareholders.

https://t.co/NiLL90Hs52

[Timi Okah @timiokah]

@MatznerJon Great stuff. Just ripped out our SaaS ATS for an "AI native" one we home rolled. Much better results

[Timi Okah @timiokah]

Used at @pandadoc MCP connector with Claude...was pretty cool until I found out they charge $2 PER DOCUMENT using the API. Thankfully I only made three. I'm already on a professional plan with 3 licenses...insanity. You either die a hero...

[Timi Okah @timiokah]

@marycary67 @Kaique0819 @FoxNews A woman from Italy served as the head of one their two major parties (Indian National Congress) for over two decades. She is the longest serving President in that party's history....so yes, they would.

[Timi Okah @timiokah]

@lawyer4SMBs My first deal did not have a drag along, and there were 27 shareholders, many of which were current employees at the owning <<1%. We got it done but it was not pretty.

[Timi Okah @timiokah]

@aakashgupta Interested in 3rd order effect here on overtime. Back in the Bart strike ~'13 I looked into this. The OT amounts were staggering, janitors and officers making 300k+ as a result of insane OT, bleeding into inflated pensions etc. Let's see the labor line item moving forward

[Timi Okah @timiokah]

@moseskagan @bigansh @Nithya_Shrii @nikitabier Are you flagging these as an example of foreign content you don't want to see - or are you intimating this is foreign content LARPing as American content for clicks.

[Timi Okah @timiokah]

@kenmacpherson @marcportermagee Thought that at first but noticed these are BAs - which is sometimes an easier alternative to the Bachelors of Science. I assume that's the case with Chemistry/Math etc.

[Timi Okah @timiokah]

Lots of chatter on X about accounting and tax roll-ups. Very little about the other professional services. Who is working on law firm transactions? We are starting to see tons of activity here.

[Timi Okah @timiokah]

@LoganGrafTax Would be tough for us. At that size they've grown with (30k+ a month) and are highly technical (e.g. we just executed a reverse merger for a client). We're competing with major firms at that size. At the low end we have seed stage startups that might be at 300 a month.

[Timi Okah @timiokah]

@ClintFiore What kind of services do they provide?

[Timi Okah @timiokah]

@WilsonCompanies We'd be happy to help @CSuiteFP

[Timi Okah @timiokah]

@bradford_hardin I will look into my prompting, but I feel like asking to read my calendar and tell me when I am available these specific dates is pretty straight forward. Good point on the model I think I have it set to Auto.

[Timi Okah @timiokah]

Well, Copilot is absolutely terrible. Trying to respond to an email with my availability with Copilot takes more time than doing it myself manually. Half the time the email disappears, and about 70% of the time it's just wrong. What's a better solution for someone using Office?

[Timi Okah @timiokah]

@CTW_SMB @PrivatEquityGuy Yep

[Timi Okah @timiokah]

@RosserJobs Exactly why we moved to contained

[Timi Okah @timiokah]

🎯. Exactly why early-stage companies need to work with startup-savvy firms like @RavixGroup. We can implement strong controls to flag and prevent fraud, but those controls require a strong, supportive board.

[@jason @Jason]

We see this kind of thing from time to time before seed/VC funding — but it should never happen after fund raising

Which is why governance is so critical for startups — you can avoid 100% of these self inflicted wounds with quarterly board meetings and an outsourced accounting firm 🤷‍♀️

Blame their VCs as well

[Uncertain Systems (e/acc) @uncertainsys]

@justalexoki @nikitabier Literally defining culture

[Timi Okah @timiokah]

@SullyBusiness 5 years of margin is insane. 6-12m is reasonable.

[AshutoshShrivastava @ai_for_success]

Story of every CEO right now 😂