Michael Bayer

Michael Bayer Email and Phone Number

Growth CFO/COO | Startup -> Unicorn -> IPO | CFO at Wasabi Technologies | Faculty at Babson College @ Wasabi Technologies, Inc.
Michael Bayer's Location
Sudbury, Massachusetts, United States, United States
About Michael Bayer

Serial CFO of angel- and VC-backed software, hardware and cleantech technology companies. Advisor to early stage startups.Specialties: Software, mobile, consumer internet, ecommerce, storage, telecom, I/T, cloud, SaaS, machine learning/AI, blockchain, cleantech. Financing (angel, VC, IPO), planning/analysis, early- to mid-stage high growth startups.Graduate and undergraduate level instructor; courses include Raising Capital and Financial Strategy.Chartered Financial Analyst (CFA).

Michael Bayer's Current Company Details
Wasabi Technologies, Inc.

Wasabi Technologies, Inc.

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Growth CFO/COO | Startup -> Unicorn -> IPO | CFO at Wasabi Technologies | Faculty at Babson College
Michael Bayer Work Experience Details
  • Wasabi Technologies, Inc.
    Chief Financial Officer
    Wasabi Technologies, Inc. Oct 2018 - Present
    Boston, Ma, Us
    Based in Boston, Massachusetts, Wasabi Technologies is on a mission to commoditize the storage industry and deliver low cost high performance, ubiquitous storage for production and archive requirements. Wasabi is 80% cheaper and 6x faster than Amazon, with 100% data immutability protection and no data egress fees.You can learn more about the company and what we do at http://www.wasabi.com.
  • Babson College
    Adjunct Lecturer
    Babson College Jan 2015 - Present
    Babson Park, Ma, Us
    I teach Corporate Finance: Raising Capital in the Olin Graduate School at Babson College and finance capstone Financial Strategy in the undergraduate program.We cover Capital Structure, Working Capital, Debt, Equity, VC, PE, IPOs, Commercial and Investment Banking, Securitization, Payout Policy, Risk Management, Interest Rates, and Currency Management.
  • Izotope, Inc.
    Chief Financial Officer
    Izotope, Inc. Jan 2015 - Oct 2018
    Boston, Massachusetts, Us
    Based in Cambridge, Massachusetts, iZotope has spent over a decade developing award-winning products and audio technologies for professionals and hobbyists alike. Used by millions of people in over 50 countries, iZotope products are a core component of GRAMMY-winning music studios, Oscar and Emmy-winning film and TV post production studios, and prominent radio studios, as well as basement and bedroom studios across the globe. Through a robust licensing program, iZotope also powers products made by industry partners such as Adobe, Avid, Microsoft, and Sony. iZotope was recently honored with an Emmy® Award for Outstanding Achievement in Engineering Development for its flagship audio repair suite, RX®.Managed finance/legal, customer care, business and corporate development, and manufacturing/supply chain. Interim head of digital marketing and sales.Recruited as first full time CFO to grow finance function. Raised $2.5M Series B and $6M bank line, including multiple restructurings and renewals. Developed and revised annual plans; implemented disciplined planning process. Managed final delivery of new consumer hardware product, including recruiting manufacturing team and vendors, distribution and full cycle logistics. Led business and corporate development; closed enterprise and partnership deals, including new business models. Introduced and led early adoption of “Inbound Marketing” approach. Selected and implemented Netsuite, Adaptive Insights, and Solium. Expanded company’s operating dashboards using Tableau and other tools, including sales reporting and analytics. Introduced use of Predictive Index for recruiting and team building. Recruited finance, legal, digital marketing, customer care, manufacturing teams and new CMO.
  • Healthwyse
    Chief Financial Officer
    Healthwyse Jan 2014 - Jan 2015
    Agoura Hills, Ca, Us
    HealthWyse is a healthcare information technology (HCIT) firm delivering a SaaS ERP solution to home care, hospice and private duty agencies. Our solution includes a mobile point of care solution for clinicians and back office software for the enterprise.Managed finance, administration and customer care. Restructured $5 million bank line, closed $3 million PE financing. Developed revised annual and long-term operating plans. Built company’s first operations dashboards, completed SaaS company benchmarking survey, and company’s first customer and segment profitability models to focus and prioritize operational improvements. Completed 2 year old 409A valuation and first reviewed financials. Rebuilt historical financials to conform to GAAP, including changes to revenue recognition and cost accounting practices. Created new customer contracts and negotiated customer conversions to revised form. Facilitated entry of new CEO. Negotiated and renewed office lease. Settled multiple long-outstanding customer and legal matters.
  • Mobiquity, Inc.
    Chief Financial Officer
    Mobiquity, Inc. 2011 - 2013
    Waltham, Ma, Us
    Mobiquity is a professional services firm specializing in the design, build, deployment and management of innovative enterprise-class mobile solutions.While company grew 6x year/year, closed $12 million Series B Preferred, established $3 million bank line (expanded to $6 million) and $4 million bridge, implemented Netsuite OpenAIr, completed multiple acquisitions. Built annual budgets, restructured company’s Chart of Accounts and financial reporting, completed company’s first and follow-on audits and 409A valuations, and built finance organization. Rebuilt historical financials to conform to GAAP, including changes to revenue recognition and cost accounting practices. Closed secondary market sale of common stock to institutional investor. Negotiated and opened new offices.
  • Practically Green
    Cfo
    Practically Green 2011 - 2012
    Boston, Massachusetts, Us
    Assisted founder in all aspects of financial management, including support of multiple angel- and seed-funded traunches, as well as advised on company strategy.
  • Dynamicops
    Interim Cfo
    Dynamicops 2011 - 2012
    Burlington, Ma, Us
    Drove annual planning process, assisted in response to acquisition diligence.
  • Vaportrail Llc
    Co-Founder
    Vaportrail Llc Jan 2009 - 2011
    As co-founder of this venture delivering SaaS-based platform for mobile and web-based analytics, drove product conceptualization/design and business development. Landed first sales. Co-inventor of stealth solution for archiving.
  • Taskrabbit
    Cfo
    Taskrabbit 2009 - 2011
    San Francisco, Ca, Us
    Assisted founder in all aspects of financial management, including support of seed and VC fundings, advised on company strategy and risk management matters. Set up first accounting and financial management systems.
  • Nexamp, Inc. (Clean Energy Solutions)
    Cfo
    Nexamp, Inc. (Clean Energy Solutions) 2009 - 2011
    Boston, Massachusetts, Us
    Assisted in closing $4 million first VC round. While company revenue ramped 4x year/year, built annual budgets, restructured company’s Chart of Accounts and financial reporting, completed company’s first audit and 409A valuation, raised $3 million venture debt facility, and built finance organization. Rebuilt historical financials to conform to GAAP, including substantial changes to revenue recognition and cost accounting practices. Implemented company-wide project profitability system, integrating information from Salesforce.com, Quickbooks, and internal systems/spreadsheets.
  • New England Clean Energy Council
    Fellow
    New England Clean Energy Council May 2009 - 2010
    Invited as one of 25 Fellows in a landmark fellowship program offered through the New England Clean Energy Council, designed to produce the next generation of clean technology startups. The curriculum was taught by world experts in various clean energy and conservation disciplines with involvement of MIT, the Department of Energy, primary representatives of the Commonwealth of Massachusetts and leading clean technology venture capital firms.Research focused on I/T driven energy efficiency solutions.
  • Rpm Communications (Utterz/Utterli)
    Ceo/Co-Founder
    Rpm Communications (Utterz/Utterli) 2007 - 2010
    Us
    Founder and CEO of RPM Communications, the company behind Utterli (renamed from Utterz). Utterli's mobile group communications platform bridged the gap between the mobile device and the social graph. Raised initial venture funding and venture debt line. Launched this emerging social media / mobile group communications platform to reach 100,000 users and 1 million monthly unique visitors. Architected strategic shift in business from consumer conference calling to multimedia group communications platform in response to changing market conditions and technology availability. Developed and launched two major offerings: Utterli Group MMS (renamed from Utterz) and Foonz Conference Calling. Developed relationships with numerous social and traditional media services. Closed deals with major CPG, consumer electronics, and internet services companies. Expanded service to include Facebook/Bebo applications, browser and desktop widgets. Won PCMagazine “Top 100 Undiscovered Web Sites” and Under the Radar “Audience Choice” awards; nominated for Mashable Open Web Awards.
  • Revivio
    Cfo
    Revivio 2003 - 2007
    Us
    Managed sale of company to Symantec. Raised $25 million C round. Negotiated and closed revolving venture debt line. Built first consolidated financial plans, upgraded financial systems and controls, developed forecasting framework, issued accounting, financial, and HR policies. Implemented controls and procedures for revenue recognition (SOP 97-2) and stock-based compensation (SFAS 123R). Completed 409A valuation. Created Mass Securities Corporation for tax benefits. Drove multiple expense reduction efforts to cut cash burn. Developed company’s first overseas distributor relationship; personally closed deal and managed relationship with Korean distributor; provided extensive support to sales and business development teams to close customer and partner deals. Managed and expanded customer service and support; restructured IT and customer service groups to improve service with 1/3 fewer headcount.
  • Lightchip, Inc.
    Cfo
    Lightchip, Inc. Aug 2001 - Apr 2003
    Managed sale of company to two separate buyers, including shared IP/licensing agreements. Built first consolidated financial plans, upgraded financial systems and controls, developed forecasting framework. Raised $7 million of committed $20 million D round. Led financially-driven expense/cash flow control efforts to reduce cash burn by 40% on declining revenues; renegotiated supplier agreements to reduce material costs and managed significant staff reductions.
  • Mothernature.Com
    Cfo
    Mothernature.Com Jun 1998 - Apr 2001
    Us
    Managed Finance: Led $53 million IPO 18 months after receiving initial venture backing. Raised $58 million in private capital, including $54 million in two preferred rounds, $3 million sub debt, $500k revolver. Installed and upgraded financial and ERP systems. Implemented and evolved controls and procedures.Managed Operations: Grew fulfillment operations from 50 orders/day to 6,000/day in 12 months. Moved distribution center 300 miles with no interruption in service while managing 50% monthly growth. Opened new distribution center in 18 days from lease to operations, including renovation from office to warehouse use.Managed Administration: Provided human resources support for growth from 10 employees to over 200, including 40-person plant closure. Negotiated leases for and opened 10,000 s.f. office, 47,000 s.f. office, and 27,000 s.f. warehouse.
  • Soundbite Communications
    Cfo
    Soundbite Communications 2001 - 2001
    Expanded financial and planning infrastructure for this VC-backed start-up. Upgraded financial systems. Developed legal framework for servicing telemarketing clients.
  • Lifeline Systems
    Treasurer
    Lifeline Systems 1995 - 1998
    Us
    Initiated proactive treasury strategy – increased ROE by 2% through tax strategy, asset management, and expense reduction. Developed I/R communications efforts – supported in 100% increase in market cap. Negotiated improved insurance coverage – doubled coverage while reducing premiums substantially. Raised capital – negotiated multiple credit facilities; reduced rates and commitment fees. Built planning infrastructure – integrated strategic, marketing, and annual operating planning processes.Supported operations – initiated standard cost methodology for service cost accounting.
  • Avery Dennison
    Manager
    Avery Dennison 1992 - 1995
  • Bdo Seidman, Llp
    Financial Planning Manager
    Bdo Seidman, Llp 1987 - 1990
    Chicago, Il, Us

Michael Bayer Skills

Leadership Team Building Strategic Partnerships Accounting Executive Management Valuation Financial Planning Angel Investing Start Ups Software As A Service Financial Modeling Forecasting Managerial Finance Telecommunications Business Development Investments Competitive Analysis Finance Strategic Planning Fundraising Strategy Management Consulting Artificial Intelligence Business Planning Strategic Financial Planning Budgeting Entrepreneur Entrepreneurship Professional Services New Business Development Cross Functional Team Leadership Product Management Revenue Recognition Consumer Internet Financial Analysis Budgets Private Equity Business Strategy Saas Management Financial Reporting Product Development Due Diligence Ipo Analytics Venture Capital Mobile Devices Cloud Computing Analysis Venture Financing

Michael Bayer Education Details

  • Cornell University
    Cornell University
    Strategy
  • Cornell Johnson Graduate School Of Management
    Cornell Johnson Graduate School Of Management
    Strategy
  • Babson College
    Babson College
    Investments
  • Brandeis University
    Brandeis University
    Economics
  • Dover-Sherborn
    Dover-Sherborn
  • Auburndale
    Auburndale

Frequently Asked Questions about Michael Bayer

What company does Michael Bayer work for?

Michael Bayer works for Wasabi Technologies, Inc.

What is Michael Bayer's role at the current company?

Michael Bayer's current role is Growth CFO/COO | Startup -> Unicorn -> IPO | CFO at Wasabi Technologies | Faculty at Babson College.

What is Michael Bayer's email address?

Michael Bayer's email address is mi****@****ers.org

What is Michael Bayer's direct phone number?

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What schools did Michael Bayer attend?

Michael Bayer attended Cornell University, Cornell Johnson Graduate School Of Management, Babson College, Brandeis University, Dover-Sherborn, Auburndale.

What skills is Michael Bayer known for?

Michael Bayer has skills like Leadership, Team Building, Strategic Partnerships, Accounting, Executive Management, Valuation, Financial Planning, Angel Investing, Start Ups, Software As A Service, Financial Modeling, Forecasting.

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