Angel investors putting more dollars into the Internet and mobile Source: TechJournal/Angel Resource Institute Internet companies nabbed more angel investment dollars – just over a third – than healthcare companies for the first time, according to the new Halo report. The Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights released the latest edition of the Halo Report, […]
Angel Investment Trends in 2012 Read More »
Source: Marty Zwilling, CEO & Founder of Startup Professionals In previous articles, I have occasionally mentioned “red flags” which every potential investor unconsciously listens for. Other writers, like Guy Kawasaki, have irreverently called some of these “entrepreneur lies,” but I prefer to think of them as innocent over-enthusiasm or over-confidence that can kill your deal.
10 Funding Quotes Every Entrepreneur Should Skip Read More »
Source; Amanda Maksymiw facilitated round-table discussion John Greathouse, Andrew Parker, Alex Taussig, Sarah Tavel, and Rob Go share some of the company valuation methods they use when it comes to startup and eearly stage organizations. What company valuation methods do you use to value a startup? John Greathouse, General Partner, Rincon Venture Partners We don’t
How Do VCs Value Startups? Read More »
Source: WRAL Tech Wire, PWC MoneyTree National Picture Nationally, funding for startups fell 12 percent in the April-June period as venture capitalists poured less money into fewer deals than a year earlier, MoneyTree reported. One bright spot: The number of companies getting funded in the earliest stages of development reached the highest level in more
Venture Funding Way Down in Q2 Read More »
Source: Angel Capital Association ACA’s companion organization, Angel Resource Institute (ARI), is pleased to share with you the 1Q 2012 Halo Report: Angel Group Update. Please take a look at several of the highlights from this quarter’s update below and feel free to view & download this report at the Angel Resource Institute Web site.
Angel Market Investment Trends 2012 Read More »
Source: Forbes Public investors just got a taste of what venture capitalists know from experience. Venture capitalists sell the sizzle of investing in the next Google or Facebook. But a devastating report by the Ewing Marion Kauffman Foundation shows the reality is most investors would do far better by investing in a plain-vanilla stock index.
Venture Capital is Glamorous, But Returns Are Dismal Read More »
Source: Michael A. Greeley5/17/12Follow @greels1 So here is my obligatory post on Facebook…which will be the most spectacular IPO of a venture-backed company in the history of mankind…and it just priced tonight. The shares priced at $38 giving the company a market cap of $104 billion fully diluted, raising $16 billion in proceeds. Of the 421 million shares
Does Facebook Solve VC Industry Woes? Read More »
VCs remain cautious as dollars, deals start low in 2012: Source: WRAL Tech Wire Funding for startups fell 19 percent in the first three months of the year, as cautious venture capitalists funneled less money into fewer deals. VCs invested $5.8 billion in 758 deals in the first quarter of 2012 compared to $7.1 billion
Q1 2012 Venture Market Starts Slow Read More »
Source: Scott Maxwell, Founder, OpenView Venture Partners Most expansion stage companies execute marketing strategies for their target prospects who help them build their customer base over the long term, but they lack marketing strategies directed towards the “money guys” who might invest in or acquire their company in the future. In this post I try to demonstrate
Strategic Marketing to Raise Venture Capital Read More »
Source: WRAL Tech Wire North Carolina Trends Venture capitalists made nine investments in North Carolina in Q4 2011 with the deals generating some $59 million, a slight uptick from the third quarter but down more than $1 million from the same quarter in 2010. However, for 2011 deal making totaled only $325 million across 47
Venture Capital Market Update 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.
