Cheeky Pint

Meta CFO Susan Li on headcount vs. GPU allocation, “free cash flow” hats, and almost becoming a PM

Susan Li of Meta—the youngest chief financial officer of a Fortune 100 company—joins John Collison to talk about capital allocation, managing investors, and how Mark Zuckerberg has changed over the 17 years of working together. Full episode transcript https://cheekypint.transistor.fm/2/transcript Timestamps (00:00) Intro (01:20) Early education and career (02:15) Lessons from Michael Grimes at Morgan Stanley (03:12) Leadership traits and succession planning at Meta (06:05) Mark Zuckerberg’s leadership and culture of feedback (09:06) Financial forecasting and capital allocation (14:18) ROI on Meta’s portfolio of bets (15:05) Investor sentiment in 2022 (17:49) The story behind the “free cash flow” hats (18:58) CapEx trends in the AI era (21:48) A memorable earnings call (24:16) Challenges of allocating compute vs headcount budgets (26:55) AI’s impact on productivity and operations

• Transcript

Cheeky Pint hosted by Stripe cofounder John Collison

John sits down with founders and builders over a pint—Greg Brockman (cofounder of OpenAI), Susan Li (chief financial officer at Meta), Kyle Vogt (founder of The Bot Company and cofounder of Twitch and Cruise), and Pieter Levels (indie hacker). Watch Cheeky Pint on YouTube: https://youtube.com/@stripe.