David V. Gilroy Managing Director & Co-Founder 704.258.6653 gilroy@scalefinance.com Managing Director & Co-Founder, Scale Finance LLC – professional CFO/Controller and Transaction Advisory services (Capital Raise, M&A/recapitalizations, Valuations); 2006 – Current Partner, Wakefield Group – $125 million venture capital & private equity group; 22 direct investments in 3rd fund (technology, healthcare, business services); 1999 – 2010 […]
CFO & Partner 336.644.6509 (W) 336.420.2544 (M) richards@scalefinance.com
Rendell Richards (Greensboro) Read More »
CFO & Partner 310.560.1457 renner@scalefinance.com Managing Director, Scale Finance LLC—professional CFO/Controller and Transaction Advisory services (Capital Raise, M&A/recapitalizations, Valuations); 2006—Current Chief Financial Officer & General Counsel, Airborne 1 Corporation—fast growing Inc. 500 Company commercializing airborne LiDAR for digital mapping applications (Google Earth); acquired by Geodigital Inc. 2009. Partner, Core Capital International Fund—subsidiary of Los Angeles
Gerhard Renner (Pinehurst) Read More »
Charlotte – EZCare Online Offers Child Care Centers a Robust Solution that is Easy to Learn and Use CHARLOTTE, NC – January 18, 2011 – Jackrabbit Technologies, a leading provider of web-based solutions for child activity centers, has partnered with Softerware, the maker of EZ-CARE2 to offer EZCare Online to single- and multi-site childcare providers
SF Client Jackrabbit Technologies and SofterWare Form Partnership Read More »
Chris Dixon, Co-founder of Hunch and the Founder Collective, a seed-stage venture capital fund run by entrepreneurs I never had the opportunity to invest in YouTube but I have to admit that if I did I probably would have passed (which of course would have been a huge mistake). I’d been around the web long
Timing Your Startup Read More »
By Nicole Perlroth, Forbes Everyone can stop mourning the death of venture capital now. Scorecards are in and by most accounts, 2010 was a good year for the venture set. There were 72 venture-backed public offerings in 2010, the biggest year for IPOs since 2004. Nearly half those companies went public in the fourth quarter,
Venture Capital Staging a Comeback Read More »
If you want to maximize your capital raising, achieve the lowest ownership stake possible in your company, and allow your venture capital partners the maximum ownership stake, the best way is literally to light a match and burn it. If that approach seems too obvious, here is my list of what you should do that
The 14 Best Ways to Burn Capital Read More »
A Separate GAAP for Small Companies pdf download
A Separate GAAP for Small Companies? Read More »
Please read this important alert regarding the Dodd-Frank Reform Act and the changes it makes to the definition of accredited investors: https://scalefinance.com/images/Alert_-_Accredited_Investor_Definition_Change.pdf
Alert: Accredited Investor Definition Change in Dodd-Frank Reform Read More »
Update on Tax Incentives for NC’s Growth Companies – August 2010
Update on Tax Incentives for NC’s Growth Companies 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.
