When it comes to early- to mid-stage companies, more customizable financing instruments have emerged as clear winners in a competitive market where flexibility is the ultimate selling point. While equity financing has been a proven option for creating runway and providing growth capital, many companies are rethinking the equity alternative given the possible dilution of ownership, loss of board seats and succumbing to the pressure of irrational growth expectations.
In today’s market, tech companies in particular are staying private longer and scaling faster versus 5-10 years ago. And in many sectors, the Saas business model has proliferated, providing an embedded asset for issuers and lenders to finance.
Our panel will explore the many financing avenues available to companies today, include debt, factoring, cash flow financing and more. While not quite as sexy as equity funding, these alternatives are as reliable and at times more relevant sources of capital for founders striving to finish what they set out to do - grow revenues and generate value for stakeholders.
Andrew Baldwin, Partner, Western Technology Investment (“WTI”).
Since 1980, WTI has provided over $6 billion of debt and equity capital to technology and life science companies ranging from early-stage private companies to publicly-traded companies. Prior to joining WTI in 2013, Andrew spent several years investing in public and private equities at BDT Capital Partners and The Capital Group. He began his career at Goldman Sachs in the Bank Debt Portfolio Group. Andrew graduated with a BS in Finance from Indiana University with Honors and Distinction and from the Stanford Graduate School of Business with an MBA.
Todd Schneider, Partner, Spinta Capital
David Dinerman, CFO, Hapara, Inc
Moderated by: Ken Schwarz, Managing Director, BrightAvenues LLC
Ken Schwarz has over thirty years of senior level experience with rapidly growing technology and consumer companies. He currently serves as Managing Director of BrightAvenues LLC where he provides advisory services to early stage companies.
Ken has served as President and as CFO with companies in the solar, identity theft, wireless and telecom industries. His experience includes leading an IPO, multiple debt and equity financings, extensive M&A experience and managing restructurings. With a primary focus on consumer oriented companies, he has had success leveraging third party channels, scaling companies’ business systems and processes for significant growth and providing the data analytics capabilities to compete effectively.
Mr. Schwarz started his career with Deloitte. He has a BS with Distinction and MBA with Honors from Indiana University, and is a CPA. He was formerly Chairman of the Board of Pro Active Schools, on the Board of Skill Survey LLC. and is currently on the Advisory Board to the Johnson Center for Entrepreneurship, (Indiana University) and on the Board of the CFO Leadership Council (San Francisco Chapter).
Ken resides in Sausalito, California where he also serves as a Commissioner of the Parks and Recreation Department and on the Board of Sausalito Beautiful.
- Instructional method: Group-Live
- Recommended CPE Credits: 1.5 Credits in Business Management & Organization
- Experience Level: Basic
- Prerequisites/advance preparation: None
The CFO Leadership Council is registered with the National Association of State Boards-of-Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors (Sponsor ID 109063). State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org
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CFO Leadership Council members may attend this program for free. Non-member senior financial executives who are CFOs, Vice Presidents of Finance, Directors of Finance and Controllers (or the like) are welcome to attend this program at a one-time cost of $75.
Please note that service providers or any executives who are not senior financial executives (CFOs, Vice Presidents of Finance, Controllers, Directors of Finance, etc.) will not be admitted attendance to this event. The CFO Leadership Council reserves the right to decline any registration.
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