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Derek Baker
Derek Baker is Head of Strategic Finance at Circle, the community platform SaaS company, and writes the FP&A newsletter Marginally Beneficial.
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Jul 18, 2026
US Open Preview | Former PGA Pro Dick Zokol | June 14th, 2026
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48:19Murray McCourtHOST
What are some mistakes that you see families make, and what does a healthy relationship in that group look like?
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48:25Derek BakerGUEST
Yeah, I think the most healthy relationship is one where the parent and the coach and the player are all doing what they can to, to take pressure off.
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48:36Derek BakerGUEST
And I mean that in the sense of not saying, Oh, it's just another round with your friends.
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48:44Derek BakerGUEST
Cause that's not the case, but not adding extra, extra things that feel really long-term and personal to the results of the tournament.
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48:52Derek BakerGUEST
So the questions that we ask, the way that we talk about the tournaments, that sort of stuff becomes very important.
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48:59Derek BakerGUEST
So, you know, if a junior posts a high score and the first question you ask them is what happened, that immediately gives them the feeling like, like they did something wrong and that there's something that needs to be corrected.
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49:11Derek BakerGUEST
And instead trying to go in the direction where we're all just a big supportive family and everyone has their roles within that.
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51:26Murray McCourtHOST
What does a realistic pathway look for junior golfers to make that goal a reality?
EP 88: Building a Better Way to Fundraise with Derric Bakker
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16:34CarlyHOST
Yeah, you know, I know, um, you all work with a lot of different nonprofits, so I'm curious as we think about this better way, um, what does it look like if you walked into a nonprofit that maybe is a client of yours or, you know, i- is moving towards this type of fundraising? Like, what would you see them doing day to day compared to what most are doing?
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16:58Derek BakerGUEST
You know, I, I have kind of, uh, two bookended chapters in the book, chapter five and chapter seven, and chapter five really kind of focuses on how to get started.
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17:16Derek BakerGUEST
I'm a big fan of his books and was like, how do I really, how do I really kinda demonstrate this in a way without getting too techy or jargony or...
13 MINS LATER
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30:08CarlyHOST
I feel super overwhelmed about what, what, about what my next step would be." So what's something that you would recommend they could do this week that would start moving them in this direction?
The Future of FP&A with AI for Finance Professionals to Move Beyond Excel Analysis with Derek Baker
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12:14Paul BarnhurstHOST
It's not repeatable.So what's kind of led you to that conclusion, and what role do you think the spreadsheet plays going forward as we see more and more AI?
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12:26Derek BakerGUEST
I'll just say up front, I don't know the answer to [chuckles] what, where, where it's gonna be in six months or a year.
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12:34Derek BakerGUEST
The first is you kind of have to separate financial modeling and planning from analysis.
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12:39Derek BakerGUEST
At this point, if you're doing analysis in Excel, even ad hoc analysis, you're gonna get left behind, like, really quickly.
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12:46Derek BakerGUEST
That's the first big insight that I've seen because AI is really good at writing code, and doing analysis is just writing code, whether it's SQL or Python.
18 MINS LATER
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31:01Paul BarnhurstHOST
So what have you learned on the data side to get the most out of AI? Let's talk a little bit about that and your data journey.
The Future of FP&A with AI for Finance Professionals to Move Beyond Excel Analysis with Derek Baker
P
12:14Paul BarnhurstHOST
It's not repeatable.So what's kind of led you to that conclusion, and what role do you think the spreadsheet plays going forward as we see more and more AI?
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12:26Derek BakerGUEST
I'll just say up front, I don't know the answer to [chuckles] what, where, where it's gonna be in six months or a year.
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12:34Derek BakerGUEST
The first is you kinda have to separate financial modeling and planning from analysis.
D
12:39Derek BakerGUEST
At this point, if you're doing analysis in Excel, even ad hoc analysis, you're gonna get left behind, like, really quickly.
D
12:46Derek BakerGUEST
That's the first big insight that I've seen because AI is really good at writing code, and doing analysis is just writing code, whether it's SQL or Python.
18 MINS LATER
P
31:01Paul BarnhurstHOST
So what have you learned on the data side to get the most out of AI? Let's talk a little bit about that and your data journey.