Source: Sudip Verma, OpenView Venture Partners Vinod Khosla: “70-80% of VCs add negative value to startups” In an article on Techcrunch yesterday, Vinod Khosla (one of the co-founders of Sun Microsystems and of Khosla Ventures fame) spoke candidly about the value (or, specifically, the lack of value) that venture capitalists add to startups. Khosla feels […]
Do VCs Really Add Value? Read More »
Source: Brandon Hickie, OpenView Venture Partners This blog will teach you how to apply eight different B2B market sizing approaches to quickly assess the value of a given market. Quick Overview of 8 Approaches to Market Sizing For B2B companies, market sizing is a complicated process because it evaluates purchases of companies as opposed to
8 Approaches to Estimating Market Size Read More »
Conventional wisdom says that 20 percent of health plan participants tend to run up 80 percent of health plan costs. An in depth analysis of health plan expenditures paints a potentially starker picture. It turns out that as little as four percent of participants may actually account for nearly 50 percent of costs. An overall
Containing Your Healthcare Costs Read More »
Payzer, a mobile and cloud based financial technology platform, recently announced a $4.2M Series A financing round led by Grotech Ventures and Route 66 Ventures. The investment will allow the company to accelerate its sales and marketing growth and to expand its product development team. Scale Finance Managing Director, Dave Gilroy, managed the capital raise
Scale Finance Closes $4.2M Venture Capital Raise for Payzer, LLC Read More »
Charlotte, NC (February 2015)* – T1V, a provider of interactive touchscreen technology, has merged with Cenique by purchasing the assets of Cenique USA, LLC, now dba Cenique Global. Cenique Global will operate as a division of T1V, allowing the company to leverage T1V’s operational and support infrastructure, while continuing to focus efforts on supporting the
Scale Finance Advises T1Visions on Acquisition of Cenique Infotainment Group* Read More »
CFO& Partner schiffli (at) scalefinance.com Chief Financial Officer and Partner, Scale Finance, LLC, 2015— Engagements have included CFO, CFadvisory, and transaction services for the following: Medical practice and related real estate entities Buyer due diligence Specialty construction contractor SaaS company recapitalization Business process outsourcing Human services not-for-profit Technology startup Software consulting company Software managed services
Senior Controller harris@scalefinance.com Senior Controller, Scale Finance—multiple part-time assignments for small companies (Superior Bag Manufacturing and Northeast Textiles) VP Finance & Operations, Urban Sports & Entertainment Group, LLC—sports marketing, sponsorship acquisition, event production and sports broadcast firm Grennon Family Foundation & Estate, Business Manager/Foundation Administrator—non-profit with focus on children’s issues and advocacy New England College, NH,
Accounting Manager spera (at) scalefinance.com Accounting Manager, Scale Finance—multiple part-time assignments for small companies (Direct Resource Concepts, Tribble Creative Group) Manager, Albrecht, Viggiano, Zureck & Co.—public accounting Treasurer, South Huntington Union Free School District—non-profit accounting Senior Accountant, Albrecht, Viggiano, Zureck & Co.—public accounting Treasurer—community service roles (PTAs, Homeowners Associations) Hofstra University, Bachelors, Accounting CPA—State of
Source: Michael Greeley, General Partner, Foundation Medical Partners Now that all of the 1Q15 venture capital investment and fundraising data are in, some interesting themes are emerging. It is quite apparent that portfolio companies are able to stay private much longer, raising significantly larger rounds of capital in order to do so. This is in
Venture Capital Update – 1Q 2015 Read More »
Source: Mary Ellen Biery, Sageworks Several recent news reports suggest businesses are finding it easier to get bank loans or other forms of financing. That would be good news for the economy, because access to capital, especially access by privately held companies, is a component of job and economic growth. According to Knowledge First Financial,
Why Business Loans Get Rejected Read More »
Graf Research™ unleashes innovation by developing ideas into disruptive technologies. The Graf mission aims to perform research, provide services, apply analytics, and create products that enable secure, high-performance, embedded, and adaptive computing solutions.
When the Director of Finance for Graf was leaving the company, Graf needed an experienced financial team to get them through the transition. Managing Director Gary Hayes was introduced to Graf and determined that CFO Rendy Richards and Controller John Schefke would be an ideal combination. These two were particularly important because Graf is a U.S. Government contractor, and both Richards and Schefke have strong backgrounds and deep skill sets in this industry.
The two Scale Finance professionals quickly responded to Graf’s time-sensitive need, logically split up the work, learned the DELTEK version used by Graf, introduced more efficient processes and techniques, and helped meet their financial reporting needs. Our professionals also determined that the Senior Staff Accountant was underutilized and helped her grow into a permanent, cost-effective Controller role.
FX HedgePool (FXHP)
FX HedgePool (FXHP) is a New York and London-based highly innovative fintech company. FXHP is an award-winning peer-to-peer matching platform that optimizes the FX swaps market. The Company eliminates market impact and minimizes the effects of volatility – significantly improving outcomes for all investors.
FXHP’s unique credit model separates liquidity from credit, creating a new source of safe and dependable liquidity for the swaps market. The Company exists for the community, guided by the community with a “win-win-win” commitment that helps members, underlying investors, and banks yield safer and better results.
Scale Finance began serving FXHP years ago, providing annual business valuations to support 409A compliance for the Company’s management incentive equity plan. During this period, Scale Finance Managing Director Dave Gilroy advised FXHP about potential strategic corporate transactions. In 2022, the Company decided to raise institutional venture capital. Scale Finance managed this process from end to end, resulting in a highly successful closing of an $8 million Series A equity financing led by Information Venture Partners with participation from Fidelity International Strategic Ventures and NAventures (National Bank of Canada’s corporate venture capital arm).
Scale Finance continues to provide periodic business valuation support.
Heritage Trust
As the first independent trust company in New Mexico, established in 1994, Heritage Trust (HT) uses innovation, experience, and flexibility to meet clients’ needs. HT provides a full range of trust services, e.g., acting as their client fiduciary for their Trust assets, being an executor or personal representative related to the distribution of estate assets, managing and growing financial assets, and preparing annual tax returns for trusted clients.
Co-Founder and Managing Director of Scale Finance Gary Hayes has been providing CFO and managing Controller support since February 2021. We have streamlined their monthly and year-end close process and established budget/forecast capability to support management. Their business has grown over 40% since Scale Finance has been involved with the company’s financial management. Gary has also participated in Board Meetings as and when needed.
Southland Transportation Company
Southland Transportation provides transport, supply chain, and campus management services on a local, regional, and nationwide basis. When Southland contacted Scale Finance, they had a strong accounting staff but no Controller or CFO. After an unsuccessful search for a full-time CFO, Southland engaged CFO and Partner Rendy Richards as their fractional CFO.
Over 18 months, Richards helped integrate a new acquisition, made improvements in accounting and finance processes, developed the company’s first-ever annual budget, helped with the onboarding of a new Controller, and provided business valuations in conjunction with Scale Finance’s Managing Director, Dave Gilroy.
For over six decades, Cooper Electrical has served a wide range of industrial, commercial, and municipal customers across the Southeast, providing best-in-class Electrical Design/Build, BIM, Prefabrication, Instrumentation & Controls, and Calibration services. Cooper’s expertise spans multiple major markets, including bio-pharmaceutical, chemical, water & wastewater, power generation, manufacturing, gas production & transmission, and food & beverage.
When Cooper’s CFO left the company for another opportunity, the owners engaged Rendy Richards as interim CFO while they searched for a full-time replacement. On a half-time basis over eight months, Richards kept the company’s financial organization humming, made improvements in several business processes, initiated a detailed financial forecast, and met with the owners to share his observations and recommendations on the most feasible way to staff their finance and accounting department cost-effectively.
SymmetryRX, LLC
SymmetryRX is a leading provider of eSampling services allowing Pharma Manufacturing companies to access physician practices for the ordering and distribution of drug samples across the US. The Company was acquired in November 2018 from Aptus Health, a wholly-owned subsidiary of Merck. Since then, the company has expanded its robust suite of services that provides pharma manufacturing executives, brand managers, sales managers, product managers, and launch managers the ability to help more patients have greater access to samples, improving medication adherence and healthcare outcomes.
Co-Founder and Managing Director of Scale Finance Gary Hayes has been providing CFO Services to the Company since 2018 and was integral in the acquisition process, facilitated initial financing to support the company with a 7A SBA loan package of $600 thousand and an SBA-backed $300 thousand LOC. Since then, Gary has been actively providing CFO support across financial reporting, budgeting, forecasting, cash planning, and strategic planning.
