CFO THOUGHT LEADER

653: From Real Estate to the Immune System | Chad Cohen, CFO, Adaptive Biotechnologies


Listen Later

Of all of the business discussions that Chad Cohen has had over the years, few are likely as memorable as the 20-second conversation he had with Zillow CEO Spencer Rascoff about midway into his 9-year career stint with the online real estate company.

Cohen joined Zillow back in 2006 as corporate controller, a position that he says also had the added distinction of being the company’s first full-time finance role. Over the next 4 years, as Zillow’s back-office finance and accounting team took shape, Cohen’s responsibilities grew, allowing him to step into the role of vice president of finance.

“I had been moving up the ladder, and it was right before we made the decision to go public—I remember Spencer coming into my office and saying, ‘You’re going to be CFO,’” says Cohen, who recalls Zillow’s CEO saying little more before exiting. For Cohen, the exchange signaled a 6- to 12-month transition that would enlarge his focus from being largely back-office to being both back- and front-office.

“I had built an accounting and finance department, but this was a big step that required coaching from mentors and formal media training and IR experience,” says Cohen, who today views the Zillow IPO as only one of several Zillow milestones during his CFO tenure with the firm.

Says Cohen: “I spent 4 years—or 16 earnings calls—as CFO, acquired about 10 companies, and raised somewhere between a half-billion and a billion dollars in capital from the public markets for Zillow Group.”

Asked to recall a learning moment from his CFO years, Cohen says that he recalls waking up in a cold sweat during the 20- to 30-day period that immediately followed Zillow’s 2015 acquisition of Trulia. Having carefully crafted a 90- to 120-day postmerger integration plan, Cohen says, he realized that as the number of Trulia employee departures began to quickly escalate, “speed of integration” was going to play a plus-size role in the merger’s success.

“Our retention bonuses—albeit very healthy and robust—were being offset by a very frothy employment market in San Francisco and even larger sign-on bonuses that we were having trouble competing with,” recalls Cohen.

“I called my controller in a panic and said: ‘Hey, we have to do this faster because I think I see how the scenario is playing out—and it ain’t going to be pretty,’” remarks Cohen, who then instructed his team to “rip up” the 90-to 120-day plan, while accenting his new mandate for speed with the words “We’re going to do this now!” –Jack Sweeney

...more
View all episodesView all episodes
Download on the App Store

CFO THOUGHT LEADERBy The Future of Finance is Listening

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

122 ratings


More shows like CFO THOUGHT LEADER

View all
The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

179 Listeners

Masters in Business by Bloomberg

Masters in Business

2,177 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

377 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

181 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,449 Listeners

Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

262 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,095 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

170 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

332 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

173 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,019 Listeners

CFO Weekly by Personiv

CFO Weekly

44 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

350 Listeners

Planning Aces by Brett Knowles & Jack Sweeney

Planning Aces

1 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

79 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

163 Listeners