851: The Rudiments of Scale | Tony Tiscornia, CFO, Coupa

Few finance leaders have better revealed to us the career-transforming powers of IPOs than CFO Tony Tiscornia.

Turn back the clock to 2015, and Tiscornia is the accounting-minded VP of finance for spend management software company Coupa.

“I was really a controller—a business controller, but still a controller,” explains Tiscornia, who notes that his world began to change following the appointment of Todd Ford as CFO.

Read More

 

Ford, a finance leader with a rich IPO resume, would join Coupa as CFO in June of 2015 and quickly begin to assemble an IPO-ready team.

“When Todd first came to Coupa, he asked me what I wanted to do with my career, and I told him, ‘I want to be a CFO,’” recalls Tiscornia, who adds that Ford quickly tagged him for an investor relations role.

Over the next 16 months, Tiscornia says, he learned all of what was required to achieve the milestones that led up to the company’s October 2016 IPO. During its first day of trading, Coupa’s shares would reach a high of more than $41, to more than double the $18 initial public offering price.

“I think that a lot of people who go from pre-IPO to a big bang IPO like we did here at Coupa often focus on that day, but what sticks out to me was what began to happen on the next day,” comments Tiscornia, who observes that the post-IPO period at Coupa became an “eye-opener” for him with regard to understanding the resources that were then required to operate Coupa as a public company.

“The bankers, consultants, and accountants had all gone away, and we were now expected to report on a quarterly basis—it wasn’t just practice any longer,” remarks Tiscornia, who quickly found that his investor relations tour of duty had now positioned him along the front lines of the ongoing discussions with industry analysts and shareholders.

“That role really became my bridge from controllership to CFO-type work,” comments Tiscornia, who first joined Coupa in 2012, when the company had fewer than 100 employees.

Last year, Tiscornia was named CFO when his CFO mentor, Todd Ford, exited the office to be named Coupa president and CFO emeritus. –Jack Sweeney