Scott runs Operations at Kruze Consulting, a fast-growing Startup CFO Consulting firm that works with over 750 startup clients. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles, New York and all over the United States. In addition to his Operations responsibilities, Scott runs the Venture Debt Consulting practice at Kruze. In his spare time, Scott publishes the Founders & Friends Podcast, which interviews Startup CEO’s, Investors and Other Service Providers in the Startup Ecosystem. Scott hold the CFA designation (Chartered Financial Analyst).
Before Kruze Consulting, Scott was a Partner at Lighthouse Capital, a private debt fund that lends to startups. In addition, Scott ran Community Products at Callisto Media.
Scott still manages his portfolio on behalf of Lighthouse. Some of his high-profile deals include Angie’s List, UpWork, J Hilburn, Serena & Lily and Impossible Foods. He’s led 20+ deals and invested over $100M+ with $0 losses and a mid-teen’s % IRR.
In his spare time, Scott co-founded Ben’s Friends, an Internet patient support community for people with rare diseases. Ben’s Friends is a 501C3 non-profit and has become one of the largest rare disease support communities on the Internet with 120,000 uniques last month (a 20% increase month over month).
Prior to joining Lighthouse, Scott spent three years in Technology Mergers & Acquisitions at Hambrecht & Quist which was later acquired by JPMorgan Chase.
Scott has an MBA from Kellogg, and an undergraduate business degree from CAL Berkeley. He also has a CFA and has passed the Series 7.
You don’t have to stray
The oceans away
Waves roll in my thoughts
Hold tight the ring
The sea will rise
Please stand by the shore
I will be there once more
Sun, 19 November 2023
What should you do if your startup’s valuation is too high?
After the booming startup market of the last few years, the valuation of many startups has gotten too high.
Sun, 12 November 2023
VC Funds: Ratio of Distributions to Paid-in Capital
The ratio of distributions to paid-in capital (DPI) is used to measure the total capital that a venture capital fund has returned to its investors. It’s calculated by dividing the cumulative distributions by the amount of capital invested in a VC fund.
Sun, 5 November 2023
Can Founders Pay Themselves Through an LLC?
While startup founders can pay themselves through an LLC, the Internal Revenue Service (IRS) doesn’t particularly like it. If you’re a founder considering this option, you should know that you may get extra attention from the IRS.
Sun, 29 October 2023
Should Startup Founders Share Bank Statements Via Email?
With this question, there are different factors at play. There’s what we recommend and there is also what happens in reality when founders are busy and end up resorting to the quickest method.
Thu, 26 October 2023
What Are Insured Cash Sweeps for FDIC Insured Deposits?
Insured Cash Sweep (ICS) accounts have been around for a while, but the recent Silicon Valley Bank (SVB) crisis has made a lot of founders look more closely at this banking option for their startups.
Sun, 22 October 2023
Should Startup Founders Take Vacation?
The unequivocal answer to this question is yes! Startup founders should absolutely take vacations no matter how much pressure they may feel, and there are multiple reasons for this.
Thu, 12 October 2023
Bookings vs Revenue vs ARR
At Kruze Consulting, we get tons of questions about the difference between bookings, ARR and revenue.
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Important Tax Dates for Startups