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As the first CFO of PayPal, treasurer at Silicon Valley Bank and Director at Blue Run Ventures, David is recognized by the global fintech community as a pioneer
Greenough Consulting Group is a Northern California based firm providing financial consulting and services to emerging and middle-market companies as well as to private equity firms. The firm’s interim CFOs and back-office staff support management teams with merger and acquisition due diligence, national and international expansion, restructuring, audit and IPO preparation, fund formation and other initiatives. Greenough Consulting Group also provides full-service human resource consulting ranging from management consulting to training and benefits. Greenough Consulting Group is celebrating 10 years in business; during that time, the firm has served over 400 companies and 90 private equity firms. Greenough Consulting Group enjoys close ties with the funding community and professional service providers in multiple disciplines around the globe. 15% of Greenough Consulting Group clients are international.
• Created financial and administrative infrastructure for a newly established venture capital partnership. • Critical member of management team that grew funds under management from $150 million to $1 billion in six years. • Established management company parent in the U.S. and subsidiaries in UK, Finland, Japan, Israel, China, Korea and India. • Created financial models for tracking and projecting fund performance (IRR), cash requirements, capital efficiency and tax compliance. • Primary contact for institutional investors, auditors, tax advisors and outside counsel. Established process for quarterly and annual investor reports. • Established and managed processes for human resource management, including payroll, medical benefits, 401(k) and administration of carried interest.
• Responsible for all financial and administrative functions of an internet startup company during its first two years of operations. • Worked closely with CTO to create the financial infrastructure for the PayPal product, including banking and credit card interface. • Established budget planning, financial processes, procedures and accounting records in accordance with GAAP, arranged equipment lease financing and coordinated three rounds of private equity financing totaling $140 million. • Primary administrative contact with the Board of Directors, outside counsel, auditors and tax advisors. • Established all human resource functions, including employee benefits and administration of stock option plan. • Coordinated the merger of PayPal, Inc. with X.com Corporation resulting in a combined entity of over 500 employees at a $680 million valuation.
• Responsible for all Treasury functions of a $4 billion bank holding company and its subsidiaries. • Organized a registered public offering of $40 million in trust preferred shares. • Directed the management of a $1.5 billion fixed income investment portfolio and established a $300 million interest rate hedging program, enhancing the company’s interest rate income by $150k annually. • Enhanced the monitoring of regulatory capital for the Bank and its parent company, including sensitivity analyses, balance sheet stress testing and modeling of projected income under various rate scenarios.