Source: PwC MoneyTree and NVCA Venture capitalists invested $6.7 billion in 913 deals in the second quarter of 2013, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Quarterly venture capital (VC) investment activity rose 12 percent in terms of dollars […]
Venture Capital Market Update – First Half 2013 Read More »
Source: Angel Capital Association (www.angelcapitalassociation.org) In July 2013, the Securities and Exchange Commission approved two rules and one proposed rule that will change how entrepreneurs raise angel capital and may make investment more difficult for angels and startups alike. We want to make sure ACA members have the information you need as soon as possible.
SEC Lifts Advertising Ban on Private Capital Raise Offerings Read More »
May Heavy-Equip Rental & Sales is pleased to announce the recapitalization of May Heavy Equipment, LLC (“May-Heavy” or the “Company”) by VSTH Capital, LLC (“VSTH Capital”). The transaction closed July 23, 2013 and financial terms were not disclosed. The transaction with VSTH Capital, a Charlotte, NC-based merchant bank, provides significant equity capital to support May
SF Client May Heavy Equipment Closes Equity Recapitalization Read More »
Source: Adam Marcus – OpenView Venture Partners It’s no secret a lot of CEOs aren’t big fans of their boards of directors. They derive very little value from them and in some cases find the board to be an utter distraction. Even seasoned CEOs who have managed to assemble a valuable team of advisors and
Your Board of Directors Can be Useless or Great – It’s Up to You to Decide Read More »
Source: Anneke Seley, Inside Sales Pioneer & National Expert* When expansion-stage companies build their first lead generation teams, all too often they focus on establishing the right roles, responsibilities, strategies, and processes, only to neglect or glaze over a critical driver of both short- and long-term lead generation success: compensation structure. Is your compensation plan
Lead Generation Compensation: 5 Tips to Get it Right Read More »
Charlotte-based T1 Visions, Inc. (www.t1visions.com) is the early leader in interactive solutions using large format touchscreens for multi-user applications. The company’s proprietary products are currently solid directly to end-users and through furniture and fixture OEMs in a wide variety of settings. T1 Visions is growing rapidly with strong interest in their products across multiple vertical
SF Closes Follow-on Venture Financings for T1 Visions, Inc. and Yodil, Inc Read More »
Source: Firas Raouf, OpenView Partners Did you have to re-read that headline a few times? I admit, it might seem a bit confusing coming from a venture capitalist. But here’s the truth: there are plenty of expansion stage financing alternatives to VC money. In fact, there are myriad sources of capital that — depending on
Raise More Debt Before You Raise Venture Capital Read More »
What is the best price for your products or services? It isn’t based on how many customers you have, how many salespeople you employ, the standards in your industry — or even what you’ve charged in the past. The best price is the amount customers will pay that effectively earns your company the maximum profit. It
The 5 Critical Cs of Pricing Read More »
Source: John Lauber, LauberCFOs Most business owners have some way of intuitively understanding how their company is doing. That insight could be based on any number of factors, including new orders, shipments, machine hours, labor activity, etc. In effect, those are key performance indicators – information that owners and managers rely upon to keep their
A Dashboard View of Business Health Read More »
Anytime a company makes the transition from the startup phase to the expansion stage, there are going to be growing pains. The simple truth is that as companies expand, they naturally become more complex and begin to face an entirely new set of problems. And that reality is something Rand Fishkin, the co-founder of SEOmoz,
Scaling a Company Post-Funding 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.
