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, 4 June 2023
What is Customer Acquisition Cost (CAC)?
Customer acquisition cost (CAC) is a fundamental metric to know in startup accounting. Customer acquisition cost is the amount you pay to add a single customer to your business.
Sun, 28 May 2023
What Happens if Limited Partners at a VC Fund Miss their Capital Call?
This is one of the worst situations for a VC fund to find themselves in and, although we haven’t seen it happen yet, it is something worth reviewing given the current economic downturn.
Sun, 21 May 2023
Is your startup default alive or default dead?
Paul Graham, the entrepreneur that founded the startup incubator Y Combinator, asks a very famous question when he meets a founder: “Is your startup default alive or default dead?” Let’s look at what that means.
Sun, 14 May 2023
Why Are Seed Funds Saving More Capital for Defensive Rounds?
This is a topic that has arisen recently in two different conversations with a couple of seed VCs, in which they explained how this is, in fact, a proactive strategy.
Sun, 7 May 2023
How Quickly Should Founders Respond to VCs?
We like to think of the venture capitalist as the most important customer of a startup, certainly in your startup’s early phase.
Sun, 30 April 2023
Negotiating How Much Cash a Startup Must Keep in the Bank
This has become a really critical question since interest rates are going up and cash management is becoming even more important.
Sun, 23 April 2023
Seven Reasons Early 2023 is a Good Time to Raise a Seed Round
Times are pretty tough in the venture capital world right now, but there are actually a lot of good reasons to raise a seed round.
06/13/2023Kathryn Petralia Co-Founder and Chief Keeper
Kathryn Petralia explains how Keep Financial helps companies offer effective employee incentive programs, and leverages bonuses and financial compensation to motivate workers and improve hiring.Read more
Don Muir of Arc discusses how Arc has used technology to provide banking to startups, adding savings, checking, cash management, and brokerage services.Read more
05/09/2023Jose Ancer Partner & CTO
Jose Ancer of Optimal Counsel discusses legal services for startups.Read more
04/23/2023David Pezeshki Co-Founder
David Pezeshki talks about 409A valuations and how Initio makes the process easier by offering customized valuations with optimized, defensible outcomes.Read more
04/09/2023Michael Frankel Founder and Managing Partner
Michael Frankel of Trajectory Capital discusses private equity, which can be an alternate route to success for many startups that may be viable businesses but lack the growth that venture capital funds need.Read more
03/26/2023Sara Skowronski President
Sara Skowronski, president of Eos HR Consulting, discusses the services that Eos offers to help startups with their HR needs.Read more
03/26/2023Evan Meagher Chief Financial Officer
Evan Meagher, Chief Financial Officer of CoreWeave, as a wide-ranging discussion with Scott Orn about new technology, the current state of the economy, and how these changes are affecting the venture capital market.Read more
03/12/2023Benjamin Verschuere Co-Founder and CIO
Ben Verschuere, Co-Founder and CIO of Treasure FI, talks about how startups can use Treasure FI's cash management platform to reduce risk and increase yields.Read more