Ronald F. Smith provides fractional CFO and accounting services through Venture Financial Management LLC. He has over thirty years of business experience including ten years in public accounting and 20 years in private industry. Since 1987, Ron has served as the Chief Financial Officer of eight technology-based emerging growth companies, including a public company, and provided fractional CFO services to numerous other companies. During this period, he was directly involved in raising over $150 million in venture capital and debt financings. Ron’s experience in the venture capital industry is exceptionally broad and includes having raised venture funds from over thirty firms and strategic investors. In addition to private equity experience, he has also managed merger and acquisition transactions as both a buyer and seller. As part of both M&A and private equity transactions, Ron has led in-depth due diligence efforts and coordination of technical, legal, and financial aspects of transactions. His operating experience in guiding and managing growth in entrepreneurial business environments is the result of a variety of assignments requiring adaptable management skills. He has managed the finance, accounting, legal, and software production functions, in addition to overseeing human resources and administrative tasks. He has extensive experience in both domestic and international software licensing and has negotiated numerous end user, OEM, VAR, and reseller relationships primarily in the software industry. All of Ron’s private industry experiences have involved technology-based business models providing him with extensive experience in the management and protection of intellectual property. Ron’s experience has also afforded him the opportunity to supervise tasks associated with corporate governance and shareholder and investor relations.
Venture Financial Management Llc
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FounderVenture Financial Management Llc Aug 2014 - PresentVenture Financial Management LLC (VFM) provides fractional CFO, financial management, and accounting services to start up and emerging growth technology companies in the Washington, DC metro area. As the fractional CFO for VFM’s clients, he advises his clients on accounting and financial reporting, budgeting and planning, venture capital financing plans, customer and vendor contracting issues, corporate governance, HR matters, and general business operations.
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Fractional CfoSyncurity Corporation Oct 2015 - Apr 2020
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MentorMach37 Cyber Accelerator Dec 2014 - Apr 2020Tysons Corner, UsMACH37™ is a vertical accelerator focused on information security products. Twice a year, MACH37 invests in a class of 6-10 security startups, each of which participates in an intensive 3-month program of coaching and validation of their products and markets. www.mach37.com. -
Fractional CfoAvalon Cyber Corporation (Dba King & Union) May 2016 - Jul 2019
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Senior Vice President & CfoWealthengine, Inc. Apr 2010 - Jul 2014New York, Ny, UsRon joined WealthEngine after assisting in the initial outside capital raise in early 2010. He led the development of the Accounting, HR, and Legal functions from no staff to a staff of eight during rapid growth period from $10 million to $20 million in sales. Major accomplishments include establishing robust financial reporting capabilities for both internal and external reporting purposes; creation of a salesforce.com-based integrated contracts management system; establishment of numerous HR, sales and general operating policies and procedures to manage growth. -
FounderVenture Financial Management Llc Oct 2008 - Apr 2010Venture Financial Management LLC (VFM) provides fractional CFO, financial management, and accounting services to start up and emerging growth technology companies in the Washington, DC metro area. As the fractional CFO for VFM’s clients, he advises his clients on accounting and financial reporting, budgeting and planning, venture capital financing plans, customer and vendor contracting issues, corporate governance, HR matters, and general business operations.
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Vice President & CfoNeutral Net Inc. Apr 2008 - Dec 2008Neutral Net was a start up project launched by William Schrader (founder of PSINet) to provide broadband commercial Internet services. Ron was responsible for building a 25 year robust business model.
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V.P. & CfoSynchris, Inc. Sep 2004 - Apr 2008Ron joined this early stage company after the initial venture capital financing and became part of new management team recruited to restructure the company. He was responsible for finance, legal, human resources, and administrative functions and, in 2006, became acting V.P. of Sales managing a direct sales team. In 2005, he co-managed the acquisition of a new product and re-positioned the company to market a document management product to the government contractor market. Led effort to increase number of customers from seven in 2005 to over fifty in 2007, while decreasing costs by 50%. Ron re-aligned sales, marketing and operational structure to introduce the company’s product as a software-as-a-service offering in addition to a traditional on-premise licensing strategy. He played a key role in the sale of the company in February 2008, as well as the smooth transition to the new owner.
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CfoEverest Software, Inc. Sep 2002 - Apr 2004UsRon was responsible for finance, legal, human resources, and administrative functions. Direct and indirect reports totaled 15 people across all functional areas of responsibility for this 300 person software development company. Everest developed a “mini-ERP” software solution for the small business market and has global operations in India and the US. He restructured all financial reporting processes for growth, built the HR function, participated at senior management level in strategic decision making, supervised software products and services pricing and related revenue recognition policies, and implemented incentive compensation practices. -
CfoUltraprise Corporation May 2000 - Nov 2001Ron joined Ultraprise in early 2000 and teamed with new Chief Executive Officer to re-position the company from a business-to-business marketplace exchange for trading mortgages to a technology infrastructure software provider to the mortgage industry. Ron led the development of a complete internal financial modeling capability, restructured commercial banking arrangement to extend operational cash flow, and led efforts to significantly reduce costs in line with company strategy. Ron also led the effort to acquire another company and close on a simultaneous equity financing.
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V.P. & CfoEntevo Corporation Apr 1998 - Apr 2000Responsible for finance, accounting, legal, administrative, human resource, and product distribution functions, Ron joined Entevo at pre-revenue stage and recruited accounting, administration and licensing teams. He led the effort to implement company wide operational and HR policies and procedures. He negotiated a major venture capital financing and a commercial banking credit arrangement including a pre-equity bridge loan facility, and coordinated $15 million underwritten private placement financing through a national underwriter. Ron developed and managed budget procedures, forecasting models and incentive-based compensation plans, managed all software licensing activities for distributor and end-user contracts. Entevo was sold for $125 million in February 2000.
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V.P. Of Operations & CfoVisix Software, Inc. Jan 1990 - Mar 1998Ron led the finance, accounting, legal, administrative, human resource, and product distribution functions from early stage to approximately $20 million in revenue. He played a key role in building high-growth infrastructure for Visix, a 200 person developer of cross platform software development tools. Ron also led negotiations on numerous large software license agreements with Fortune 1000 companies. Other accomplishments included negotiating and closing two venture capital financings, cultivating investment banking relationships in preparation for an initial public offering, completing commercial bank and lease financing programs, supervising worldwide income tax strategy and compliance, and managing foreign subsidiary operations in Europe and the Far East.
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Vice President And Chief Financial Officer3Ci Incorporated Dec 1987 - Aug 1988Ron established financial controls and operational discipline for this publicly traded software company during management turnaround. He restructured all accounting, cash management controls, and planning functions. He was also responsible for all shareholder and investor relations.
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ManagerCoopers & Lybrand (Now Pricewaterhousecoopers) Jul 1975 - Apr 1986GbRon co-founded C&L's Denver office Emerging Business Services practice to provide services to technology-based companies. He assisted in structured initial public offerings, negotiated venture financing, business plan development, financial forecasts and projections and implemented computer systems for client companies in the computer software and hardware, semiconductor and manufacturing industries. As a manager and staff accountant, Ron participated in a wide variety of auditing engagements that included numerous SEC filings.
Ronald Smith Education Details
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Usc Marshall School Of BusinessFinance & Accounting -
Colorado CollegeEconomics
Frequently Asked Questions about Ronald Smith
What company does Ronald Smith work for?
Ronald Smith works for Venture Financial Management Llc
What is Ronald Smith's role at the current company?
Ronald Smith's current role is Retired Technology Company CFO.
What schools did Ronald Smith attend?
Ronald Smith attended Usc Marshall School Of Business, Colorado College.
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