John E. Drake

John E. Drake Email and Phone Number

Fractional / Interim CFO / I assist Founders, Entrepreneurs, Portfolio Company Investors and CFO / Controllers on Working Capital Management and M&A / Cash Raises, Reach out I'm here to Help @
John E. Drake's Location
Newport Beach, California, United States, United States
About John E. Drake

Nothing makes me happier than playing with my grandkids (Max, Otis, Carolyn, William, Elisabeth). I also enjoy fly fishing in Montana, Idaho, Utah and Northern California. When I am not reading to grandkids or tying a fly I spend time riding my road bike and have completed a few century rides.I am a CFO with 30+ yrs experience across several business sectors, assisting entrepreneurs and investors in navigating through challenging circumstances; working with difficult personalities and/or in chaotic situations. Numerous lessons learned.Providing knowledgeable resource to:Fundraising (preparation for raise, presentation) M&A Activities (Due Diligence, Structure, Modeling)Board/Investor CommunicationsCapTable/Stock Options Banking Relationships and Loan structuresCash ManagementDebt StructureManage corporate accounting functionRisk ManagementCompliance Mentoring role to mgmt team especially with PE involvementKey competencies include:Working Capital Management, Banking Agreements, Due Diligence (Sell or Buy sides), Private Equity, ESOP, Leadership /Mentor, M&A pre and post transaction activities, numerous types of business agreements Business Sectors:Software products (on premises and SaaS) and services for media companies with ad monetization; wholesale distributionPlease reach out and connect if you are needing assistance with your venture or investment.I can help!949-933-4962johndrake933@proton.me

John E. Drake's Current Company Details
John E Drake

John E Drake

Fractional / Interim CFO / I assist Founders, Entrepreneurs, Portfolio Company Investors and CFO / Controllers on Working Capital Management and M&A / Cash Raises, Reach out I'm here to Help
John E. Drake Work Experience Details
  • John E Drake
    Fractional Cfo
    John E Drake Mar 2023 - Present
    California, United States
  • Bitcentral, Inc.
    Cfo
    Bitcentral, Inc. Jun 2017 - Mar 2023
    Newport Beach, Ca
    Teamed with founder and President to re-engineer business model to expand into SaaS services, recruit top talent, partner with a PE sponsor and complete an acquisition. Expanded company revenue streams to include subscription services, video streaming, and ad monetization. Learned a lot while working with a great team.
  • Hardesty, Llc
    Cfo Partner
    Hardesty, Llc Jul 2013 - Jun 2017
    Orange County, California Area
    John Drake is a CFO Partner for Hardesty, LLC, an executive services firm specializing in providing just-in-time, experienced CFOs for interim assignments, special projects or placement. CFO level advisor/performer to mature businesses assisting founders on various aspects of business model, funding and investor presentations, and financial operations -- a few projects: o Software technology and services firm - as interim CFO, prepared books for y/e review, assisted CEO in overall management, set-up F/T controller for successo Medium size packaging manufacturer - assisted President and iBankers in completing sale transaction (>$75M)o Early stage diagnostic medical device firm – assisted in $1M raiseo Assist PE firm in preparing portfolio company for sale - work due diligence checklist, organize information, identify deficiencies and fixes, build virtual data room (>$300M)
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  • Cig Financial
    Cfo
    Cig Financial Apr 2011 - Apr 2013
    Orange County, California Area
    Interim CFO to private, consumer auto finance company. Managed financial resources and accounting functions for consumer auto finance company as it transitioned from Southern California footprint into several states. • Transitioned company’s accounting processes and practices to national accounting firm standardso Successfully implemented new accounting processes for revenue recognitiono Developed more complete and robust performance measurements for static pool losses and origination activities which enabled better loan pricing• Supported founder in raising mezzanine capital and increasing warehouse lines
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  • John Drake
    Cfo Consultant
    John Drake Apr 2010 - Apr 2011
    Interim CFO to private, early stage and middle market companies.
  • Graphics Communications Holdings, Inc
    Chief Financial Officer
    Graphics Communications Holdings, Inc Jan 1999 - Mar 2010
    Managed financial resources and accounting functions for international wholesale paper distributor with revenues to $1B. Performed this role from independent company (1999 to 2003) to acquisition by private equity firm (2003 to 2010). Successfully and seamlessly transitioned role while position moved out of state, Q3 2009 - Q1 2010. Merged with Unisource, acquired by Bain Capital, Q3 2003 - Q2 2009.Re-engineered back office operations as needed to accommodate growth.Planned and merged another parent company division into firm (+$200M sales).Oversight for major system upgrades (Microsoft - Dynamics Navision)Managed all accounting functions, credit/collections, IT, budgeting.Prepared company for extensive due diligence related to acquisition by PE.Obtained/negotiated revolving credit agreements ($50M - $70M)Developed/managed complex commission programsSupported UK/MXN overseas operations (EUR, GBP, MXN, CAD)Reporting to foreign tax agencies (VAT, IVA)Performed as chief credit/risk manager. Extensive experience with BK and preference issues. Participated in management buyout, converting to ESOP/operate as ESOP.Recruited/built accounting team of 25Primary negotiator in numerous legal proceeding (preference, state audits)Experienced in managing communications and interaction with outside stakeholders.
  • Thinque Systems
    Cfo
    Thinque Systems Jan 1999 - May 1999
    Venture capital backed software products firm. Interim CFO during venture financing round (>$10M)
  • Tully Health Systems
    Principal/Cfo
    Tully Health Systems Jan 1993 - Jan 1999
    Managed the financial resources and accounting functions for start-up software development company. One of four founders who created company. Raised equity investment capital ($1M to $2M) (angel investor).Negotiated customer development agreements (up to $1M).Built accounting systems and business processes.Contributed across organization in areas of marketing, consulting and implementing software assessment methodology.
  • Newport Dental
    Chief Financial Officer
    Newport Dental Jan 1991 - Jan 1993

John E. Drake Education Details

Frequently Asked Questions about John E. Drake

What company does John E. Drake work for?

John E. Drake works for John E Drake

What is John E. Drake's role at the current company?

John E. Drake's current role is Fractional / Interim CFO / I assist Founders, Entrepreneurs, Portfolio Company Investors and CFO / Controllers on Working Capital Management and M&A / Cash Raises, Reach out I'm here to Help.

What schools did John E. Drake attend?

John E. Drake attended University Of Southern California, Ucla.

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