In 2024 I joined Laconia Capital Group as their Chief Financial Officer on a fractional basis. It marked a significant step in my evolution from startup business development to an early-stage venture capital investor to an entrepreneur, consultant, and educator for venture capital funds and startups to a chief financial officer for venture capital funds, a twenty year journey that has taught me a lot of lessons. [1]
I am available to add an additional venture capital firm that wants a fractional CFO to provide financial leadership, compliance oversight, and operational support for their investing activities. Leveraging my own experience as a venture investor and what I have learned from working with countless venture firms on forecasting, planning, and reporting (leveraging my template financial models), I am looking to play a deeper role in helping firms turn their forecasts into reality.
As a fractional CFO, I can be responsible for:
- Managing the firm's service providers - fund administrators, auditors, accounting, tax, legal, payroll, insurance, valuation, compliance - as a chief financial officer, chief compliance officer, and chief administration officer, as needed
- Manage limited partner quarterly and annual reporting to limited partners, assisting with investor letter, investor updates, fund financial statements, and fair market valuations
- Lead the firm's investment deal operations, including deal funding, deal expense management, wire payments, and deal document execution
- Lead the firm's capital planning, modeling for capital calls, fund reserves and investment pacing, while leading the capital call operations
- Support in investor relations, deal execution, and portfolio management
- Manage the firm's compliance with federal and state registrations (Form ADV, Form PF, SEC registrations, etc.)
- Lead firm financial operations, including expense management, cashflow management, bill processing and payment, payroll processing, wire payments, banking, and financial reporting
- Create and manage operational budgets for the management company, including managing bookkeeping or directly maintaining the financials for the management company if needed
- Create liquidation waterfall and cap tables for investments and assist in deal financial analysis
- Lead the firm's portfolio management operations, working with the investment team on gathering portfolio company information and creating consolidated views of the portfolio by managing key performance indicator (KPI) reporting
- Manage data rooms for prospective limited partners and fund fundraising activities
Additionally, leveraging my experience working with startups for the past twenty years, I can also assist as needed with portfolio companies on their own financial operations, including financial modeling, forecasting, fundraising planning, operational metrics and financial reporting.
Contact me to discuss how I can help your firm.
I wrote this over fifteen years ago, but think it's still relevant today. More directly applicable might be a post from ten years ago, 23 Things I've Learned as a VC. For more details on my professional background, here is my resume. ↩︎