Consultant Spotlight: Mike Barsotti
Meet one of our CFOs, Mike Barsotti! Mike has been a valuable part of Kranz Consulting for over 16 years. His years of experience and passion for finance enable Kranz and our clients to succeed and thrive. Get to know his story below!
Hometown: San Francisco, California
Alma Mater: University of California, Berkeley
Favorite hobbies: Mike enjoys playing pickleball and hiking in his free time outside of the office.
How has your background impacted your experience as a consultant? Mike earned his CPA and then worked with various smaller and larger companies over 30+ years including helping a company successfully and efficiently go through their IPO process. His breadth of experience within many Silicon Valley industries and company sizes has allowed him to expand his knowledge and refine solutions to focus on company needs and overall goals. Mike enjoys independently working to solve problems, which he has put into practice through his consulting work.
What motivates you to wake up and go to work every day? His passion to ensure the finance function is contributing to the success of the overall business and aligns with the company vision.
What kind of work have you been doing? Mike has been largely executing the role and work of an interim CFO for clients he works with. Recently, this includes leading mergers and acquisitions, fundraising by driving dozens of equity, debt, and convertible debt financings as well as establishing multiple foreign entities in India, Russia, Pakistan, Western Europe, and Eastern Europe. He specializes in the SaaS industry, with a breadth of experience including cyber security, cloud security, mass market games, career management tools and Open Street Map data tools.
Where do you believe you deliver the most value to your client? Helping develop financial plans, measuring the actual results, and guiding the business to achieve growth and profitability objectives. This includes helping to finance the business by raising both equity and debt as needed.
How have you brought organization and solutions to environments with a lack of reporting infrastructure or inefficiencies? The first step Mike takes is to improve the planning process, then report financial results timely and accurately, then communicate with the rest of the business to help achieve the plan. His process begins with assessing the current situation and challenges within the business. He then works with operating leadership to establish a financial/operating plan. Finally, he prepares the financial results report against the plan and suggests steps to achieve the plan, then forecasts as needed.