Frank Mastronuzzi
Business Mentor at 500 Startups
Los Angeles, California
Overview
Work Experience
Consulting Chief Financial Officer & Controller
2022 - Current
Punch Financial is more than just a bookkeeping firm. We are a full-service bookkeeping firm and serve as a Chief Financial Officer (CFO) partner to your Company. We provide a monthly executive summary on areas we would focus on for your business. We provide the following services: - Bookkeeping Services: Bookkeeping, Month-End Close, Payroll, Payroll Taxes, etc. - Start-Up Services: Modeling, Projections, Fundraising Decks, Insurance Coverage, etc. - Strategy Services: Revenue Growth, Partnerships, Business Development, etc. - Business Operations: Operational Controls, Operational Efficiencies, Operational Procedures. etc.
Punch Financial is a Accounting Company.
Board Member
2024
The focus of LAVA from the very beginning was two-fold. First, LAVA was a forum that brought potential private equity, venture and angel.
Acting CFO
2023
Cabinet Health is on a mission to eliminate single-use plastic from healthcare, starting with everyday medicines.
Raised $23,575,000.00 from Unreasonable Group, The Global Good Fund, Metaplanet and Natureza.
Acting Chief Financial Officer
2022
Sanas is a software development company that assists multilingual speakers to deliver clear communication through accent correction.
Raised $52,219,678.00 from General Catalyst, Quiet Capital, Google Ventures, DN Capital, Insight Partners, Alorica, Human Capital, Gokul Rajaram, Carya Venture Partners and Assurant Ventures.
Business Mentor
2018
Accounting, CFO & finance advisor to 500 Startups entrepreneurs.
500 Global is a multi-stage venture capital firm that invests in founders building fast-growing technology companies.
Raised $2,271,999.00 from Abu Dhabi Financial Group.
Vice President Of Business Development
2019 - 2022
Headed up business development for the entirety of Greenough Group's Corporate & Venture practices. Upon the acquisition by Apex, I lead the Apex Venture Group's business development and Apex Business Services business development. Was responsible for a 30%+ year-over-year growth during my tenure.
Chief Financial Officer
2015 - 2019
Punch Financial is more than just a bookkeeping firm. We are a full-service bookkeeping firm and serve as a Chief Financial Officer (CFO) partner to your Company. We provide a monthly executive summary on areas we would focus on for your business. We provide the following services: - Bookkeeping Services: Bookkeeping, Month-End Close, Payroll, Payroll Taxes, etc. - Start-Up Services: Modeling, Projections, Fundraising Decks, Insurance Coverage, etc. - Strategy Services: Revenue Growth, Partnerships, Business Development, etc. - Business Operations: Operational Controls, Operational Efficiencies, Operational Procedures. etc.
Punch Financial is a Accounting Company.
Chief Financial Officer
2014 - 2015
Seamless, cashless valet parking in Los Angeles. Pay & tip right from your phone.
Raised $5,100,000.00 from Michael Jones.
Controller & Co-Founder
2011 - 2014
• Responsible for the accurate financial reporting of OneGoodLove.com. • Instrumental in the pitch and fundraising efforts for the Company • Oversee the financial, accounting, operations, customer service department, customer acquisition and business development functions. • Integrated ZenDesk for customer service team and customer feedback loop to ensure the online customer experience on OneGoodLove.com exceeded expectation. Established customer satisfaction metrics and reported to the team monthly. • Managed social media efforts and implemented HootSuite to monitor mentions of OneGoodLove.com in a positive or negative manner. Worked across departments to ensure customer feedback was integrated into the customer experience and improvements made. • Signed 43 distribution partnerships with other websites to drive customers to OneGoodLove.com and earn a revenue share for the partner site. • Managed a team of 12 people across many disciplines in the Company. • Managed the operations of the company as it relates to finance, accounting, customer service, marketing and business development. • Responsible for the business development revenue growth for the company since launch. Revenue has grown to over $1MM since joining the team. Created the OneGoodLove branding and user experience with the team to grow it into an international brand and site.
Controller and General Manager
2005 - 2011
High-End Interior Design Firm with a Furniture and Fabric Manufacturing Company; Managed and established the new financial reporting process for all of the Michael S Smith Inc. and Michael Smith Personal business entities. Responsible for all Accounting, Business Development, Human Resource, Information Technology and Legal aspects of the Company. Negotiated and launched 7 new licensing deals for rugs, lighting, carpeting, tile, furniture & fabric and home fragrances. In addition, expanded our existing licensing deals to add new product lines and additional revenue. Increased licensing revenue by more than $1MM annually. Directed and lead efforts to increase sales of the Company from $18MM to $37MM in a 4 year time frame. Increased profitability of the Company 300% over the same period by implementing changes to operating procedures and accounting practices. Revamped the employee benefit package including adding vision insurance, long-term disability, life insurance and flex spending plans. In addition, changed the Company's SEP-IRA to a 401k and Profit Sharing Plan. Improved the management and operations of the Fabric & Furniture department which increased profitability 300%. In addition, introduced new product lines to the division which included leather, lighting and wall coverings which contributed to the increased revenue and profitability. Oversaw and managed the creation, design and launch of the www.michaelsmithinc.com Company website. Responsible for creating and managing the new branding identity of the Jasper Fine Furniture and Fabric division as well as the marketing and advertising efforts for the Company. Managed the creation of the second iteration of the website which included a proprietary technology to improve future sales of the Jasper products division. Implemented a new corporate structure for all the Michael Smith entities to improve the tax structure to Company's owner resulting in a tax savings of +30% annually.