March 27, 2025

Are Startups Dying? The Brutal Reality of VC in 2025

Today, James sits down with Aarish Shah from Emerge One. They discuss Aarish’s remarkable journey in building a successful fractional CFO business in just four years, growing to over 25 consultants. Aarish shares his transition from traditional finance roles to becoming a fractional CFO, the inception of his podcast, and the importance of relationships and data in business. Don’t miss Aarish’s incredible experiences in places like Papua New Guinea and his thoughts on the current venture capital landscape!
The Gross Profit Podcast
The Gross Profit Podcast
Are Startups Dying? The Brutal Reality of VC in 2025
Loading
/

Show Notes

In this episode of the Gross Profit Podcast, James Kennedy sits down with Aarish Shah, founder of Emerge One, to discuss the shifting landscape of venture capital and what it means for startups in 2025.

Aarish shares his journey from traditional finance to launching a thriving fractional CFO business—scaling to 25+ consultants in just four years. He also dives into the critical role of relationships, data, and financial strategy in today’s uncertain market.

Plus, Aarish shares fascinating stories from his time in Papua New Guinea and his take on how startups can survive and thrive despite tightening VC funding.

What You’ll Learn:

🔹 Is VC Drying Up? – The real state of venture capital and why many startups are struggling to secure funding.
🔹 Scaling a CFO Firm – How Aarish grew Emerge One from the ground up to over 25 consultants.
🔹 The Power of Relationships – Why networking and trust matter more than ever in finance and business.
🔹 From Finance to Founder – Aarish’s career pivot and what he’s learned from his entrepreneurial journey.
🔹 Global Business Insights – Wild stories from working in Papua New Guinea and how it shaped Aarish’s approach to business.

Episode Highlights:

💬 “Startups aren’t dead—but the rules of the game have changed. Founders need to adapt fast.” – Aarish Shah

💬 “The best fractional CFOs don’t just manage numbers—they build financial strategies that drive growth.”

💬 “Data and relationships are the foundation of every great business decision.”

At Emerge One, Aarish and his team provide high-level CFO support to scaling startups, helping founders navigate fundraising, financial planning, and growth strategies in a volatile market.

Join us for more episodes of the Gross Profit Podcast!

Subscribe now for insider insights, expert advice, and real-world stories from finance leaders, entrepreneurs, and venture capitalists. 🎧

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Aaron Mills – The Transparency Secret to 3X Growth!

This week James sits down with Aaron Mills, founder and CEO of Daaxit, to discuss the realities of running a profitable construction business – and how the right financial strategy can be the difference between barely surviving and scaling with confidence.
Aaron shares his journey from 20 years in the construction industry to founding his own successful fractional CFO firm. Together, they dig into smart pricing strategies, incentivizing field teams, and how he helped one business owner go from burnout to working just one day a week.
Stick around to the end to hear Aaron’s surprisingly controversial business hero pick – and why it inspires him to push further every day.

Listen Now »
Merushka Chetty

Jamie Odegaard – The Dark Truth about Buying Businesses

This week James sits down with Jamie Odegaard, founder of Aardvark, to unpack what he calls an “inflationary war story” – from swinging a shovel in high-end construction to launching a thriving fractional CFO firm.
They explore Jamie’s unconventional journey, how he navigated a failed acquisition, the harsh realities of private equity partnerships, and how his firm helps small creative and service businesses build real financial health.
Jamie also shares his thoughts on popular business influencers, the value of gross margin clarity, and why invoicing on time might be the most underrated financial lever of all.

Listen Now »
Merushka Chetty

Salvatore Tirabassi – How to Make Your Sales Team 10X More Effective

Today, James sits down with private equity expert Salvatore Tirabassi.
They explore what makes a founder investable, how private equity firms assess opportunities, and the key elements that drive value creation post-investment. Salvatore reflects on his career in investment banking and private equity, and what it really takes to scale a business with confidence.
Packed with wisdom from years of working with founders, this episode is a must-listen for anyone considering taking on outside investment – or preparing to pitch.

Listen Now »