Rich Canote

Rich Canote Email and Phone Number

CFO at Engine Room @ Engine Room
Rich Canote's Location
San Diego, California, United States, United States
About Rich Canote

Self professed startup/turnaround junkie who thrives on helping companies become successful. While proficient in the required accounting fundamentals, more of a businessman with an accounting background, equally comfortable interacting with Boards, investors, key partners and management teams. A direct communicator who is not afraid to roll up their sleeves and serve as a member of management focused on building value and bringing life changing technologies forward. Past experience includes working with companies on an interim/project basis as well as serving in senior management roles, instrumental in closing over $100 million in private investment, $500 million in partnership deals, and an acquisition netting 6X return to investors after just 24 months. Previously a CPA in public practice as an auditor, then advising on corporate strategy, corporate structure and operations built a strong foundation of tools which I use to support all the companies I work with.

Rich Canote's Current Company Details
Engine Room

Engine Room

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CFO at Engine Room
Rich Canote Work Experience Details
  • Engine Room
    Cfo
    Engine Room Oct 2021 - Present
    Pleasanton, Ca, Us
    Engine Room provides comprehensive finance and accounting support to the West Coast's smartest venture-backed life science and tech start-ups. Our work extends from detailed execution to CFO-caliber strategic guidance. We make sure every aspect of our client's financial organization is clearly structured, so they avoid critical mistakes, nail milestones and realize their vision.
  • Visgenx, Inc
    Consulting Chief Financial Officer
    Visgenx, Inc Apr 2020 - Present
    Serve as CFO on a consulting basis, responsible for FP&A, accounting and advising on strategy.
  • Canote Group
    Principal
    Canote Group May 2008 - Oct 2021
    Bring real-world skills and insight to clients and understand what’s required to get to the end zone on time-sensitive, critical projects while avoiding the pitfalls that burn time and money, which can delay the closing of critical funding and strategic transactions. Projects are completed on time, within budget, and meet the requirements and expectations of Management, Investors, Strategic Partners, or Acquirers.A professional, hyper-capable advisor who quickly gains trust, not afraid to roll up my sleeves, to get the job done efficiently and correctly, the first time. Serve as an extension of your current team, can “fill the seat” on an interim basis, or as an ongoing member of your team on a fractional basis.
  • Orison
    Chief Financial Officer
    Orison Dec 2016 - Jan 2018
    Cody, Wyoming, Us
    • Served as fractional Chief Financial Officer, oversaw fundraising, corporate strategy, and partner discussions.• Reviewed/revised product development timelines, and negotiated 50% reduction in cash burn with key vendors.• Revised pitch decks, investor communications and presented to investor groups.
  • Medipacs, Inc.
    Chief Financial Officer (Contract)
    Medipacs, Inc. Jun 2016 - Dec 2016
    • Served as fractional Chief Financial Officer, engaged by Board to turnaround stalled startup.• Focused on corporate strategy, operations, and fund raising. • Drove development of budget and timeline required to solve technical challenge.
  • Htg Molecular Diagnostics
    Advisor - Sec Reporting & Finance
    Htg Molecular Diagnostics 2014 - 2015
    Tucson, Arizona, Us
    • Oversaw drafting and review of S1 registration statement, resulting in successful $50M IPO• Partnered with CFO, interfaced with audit firm and legal counsel to complete required PCAOB audits. • Advised on improving internal controls as required by Sarbanes-Oxley (SOX).
  • Cv Sciences
    Head Of Finance (Contract)
    Cv Sciences Mar 2013 - Oct 2014
    San Diego, California, Us
    Oversaw finance, accounting and SEC reporting. Interfaced with Board and strategic partners. Developed cost methodology for processed CBD products
  • Pracs Institute
    Advisor - Strategy & Turnaround
    Pracs Institute 2012 - 2013
    Fargo, Nd, Us
    • Engaged by Board to turnaround CRO in default on over $70M in debt.• Developed forecast and performance metrics, presented to debt consortium resulting in credit extension.• Responsbile for reporting financial performance to Board and lender consortium.
  • Response Biomedical Corp.
    Interim Chief Financial Officer
    Response Biomedical Corp. 2011 - 2012
    Vancouver, British Columbia, Ca
    • Retained by Board Chairman to review acquisition, subsequently named interim Chief Financial Officer. • Restructured finance department, increasing accuracy of financial information and credibility of department.• Reviewed technology portfolio and licensing strategy, partnered with Board and management to negotiate and revise agreements with partners and distributors resulting in the return of formerly licensed intellectual property, improved terms and addition of minimum sales quotas with largest distributor, and new distribution agreements.• Developed alternative strategy to forming international subsidiaries, resulting in an $1M in capital to be used in operations vs. invested offshore.
  • Genelux
    Advisor - Financial Reporting
    Genelux 2010 - 2011
    Westlake Village, California, Us
  • Tatum, A Randstad Company
    Partner
    Tatum, A Randstad Company 2009 - 2010
    Atlanta, Ga, Us
  • Kemia, Inc.
    Vice President Of Finance And Operations
    Kemia, Inc. 2002 - 2008
    Us
    • Responsible for Treasury, IT, Finance and Facilities , instilling customer service focus in all departmental personnel.• Oversaw due diligence during several private funding rounds in excess of $30M and other transactions negotiated, but never consummated.• Responsible for FP&A activities, developed financial models to review multiple strategic alternatives, present alternatives and suggested course of action to the Board.• Negotiated Bridge Financing to continue operations prior to closing additional private round.• Negotiated contract service agreement resulting in savings of over 30% on large vendor contract, implemented incentive/penalty structure designed to incentivze vendor resulting in faster timeline to completion of clinical trials and related data analysis.
  • Geneohm Sciences
    Chief Financial Officer
    Geneohm Sciences 2001 - 2002
    Us
    • Established finance and operations functions for venture backed startup, including accounting ,IT, HR and facilities. Hired and trained staff, instilling customer service mentality in all direct reports.• Responsible for development and implementation of corporate policies and procedures.• Oversaw due diligence for closing of Series A financing round from top tier venture capital firms
  • Cytovia
    Vice President Of Finance And Operations
    Cytovia 1998 - 2000
    • Established corporate infrastructure including finance, facilities, HR and IT, hired and trained staff.• Oversaw design and construction of 23,000 sf lab facility, completing construction in 93 days and 10% under budget. Responsible for securing facility and negotiated lease with national REIT.• Responsible for establishing in-house review process and benefits plans, including annual review to insure Company offered plans competivie with similar companies.• Active member of licensing team, responsible for negotiating licensing transactions valued at over $500M.• Responsible for overseeing financial due diligence on corporate acquisition valued at over $200M.
  • Cocensys
    Director, Planning And Strategy
    Cocensys 1993 - 1998
    • Initially served as Controller of publicly traded entitiy, responsible for both internal reporting of results to Board and investors and required SEC filings.• Served on cross functional development teams to develop licensed products. Primary financial liaison with licensor responsible for reporting quarterly results and measuring to established budgets and timelines• Responsible for FP&A activities, including preparation of financial models designed to measure alternative strateties and presentation of alternatives to the Board and management.
  • Klarin Lamb And Martin, Cpas
    Manager
    Klarin Lamb And Martin, Cpas 1988 - 1993
    • Responsible for advising small privately-held corporations on both accouting and tax matters.• Responsible for preparation of tax return, tax planning and annual financial statements.
  • Nanas, Stern, Biers, Neinstein, Cpas
    Senior Accountant
    Nanas, Stern, Biers, Neinstein, Cpas 1983 - 1988
    • Responsible for advising major privately held real estate entities in both accouting and tax matters.• Responsible for preparing annual audited financial statements, insuring adherence to GAAP for real estate limited partnerships.

Rich Canote Skills

Start Ups Mergers And Acquisitions Strategic Planning Business Development Finance Due Diligence Strategy Executive Management Entrepreneurship Financial Modeling Financial Reporting Venture Capital Business Strategy Leadership Management Budgets Biotechnology Contract Negotiation Corporate Development Mergers Project Management Pharmaceutical Industry Product Development Accounting Financial Analysis Corporate Finance Consulting Fundraising Negotiation Audit Committee Senior Executive Leadership Operations Management Drug Discovery Budget Process Sec Filings Forecasting Joint Ventures Internal Controls Auditing Microsoft Excel Mentoring Excel Models Ipo Corporate Fp&a Turnaround Experience Early Stage Startups Cannabis Cross Functional Team Leadership Sox 404 Sarbanes Oxley Act Business Process Improvement

Rich Canote Education Details

  • San Diego State University
    San Diego State University
    Business Administration - Accounting

Frequently Asked Questions about Rich Canote

What company does Rich Canote work for?

Rich Canote works for Engine Room

What is Rich Canote's role at the current company?

Rich Canote's current role is CFO at Engine Room.

What is Rich Canote's email address?

Rich Canote's email address is ri****@****oup.com

What is Rich Canote's direct phone number?

Rich Canote's direct phone number is +185869*****

What schools did Rich Canote attend?

Rich Canote attended San Diego State University.

What skills is Rich Canote known for?

Rich Canote has skills like Start Ups, Mergers And Acquisitions, Strategic Planning, Business Development, Finance, Due Diligence, Strategy, Executive Management, Entrepreneurship, Financial Modeling, Financial Reporting, Venture Capital.

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