Great piece by Ryan Caldbeck, CEO of crowdfunder CircleUp, on using convertible debt to grow early stage consumer product companies. Shorter version: It helps defer valuation conversations when you have solid revenue, but the current revenue does not reflect the company’s potential. For the full article, click here.
If you are interested in investing in early stage consumer product companies, I highly recommend CircleUp. They have a number of great investment opportunities.
Excellent graphic by Anna Vital. Seed money round commonly convertible debt these days. More on that coming coon.
This is part five of a seven-part series of tips for interim CFO’s at companies in the portfolio’s of private equity groups. These tips are intended for financial professionals who already have the skills and experience to be a successful CFO at a typical mid-market company. They specifically address the differences between being a CFO at a typical mid-market company and being an interim CFO at a growth-oriented mid-market company in the portfolio of a private equity group.
Tip #1: Be an ambassador
Tip #2: Be the advance team
Tip #3: Understand the exit strategy
Tip #4: Get to know the portfolio
Tip #5: Be an agent of change
Tip #6: Be a do-er
Think of yourself as more than just a consultant. You are not there merely to assess the situation and make recommendations. You are there to get things done and you may have little help so you need to roll up your sleeves and get to work. Not only is this often the only way to get the job done, the client will like and respect you for it. If you follow tips 1 through 6, you will have the foundation to be effective as an interim CFO at a private equity portfolio company.
The Middle Market CFO 