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Jeffrey Briggs

Jeffrey Briggs

Cleveland, OH, United States
Member since September 16, 2017
Jeff is an entrepreneur and consultant with particular experience in M&A and VC financing, having led three acquisitions and six VC investments at Seagate, a private investment group. Jeff joined Toptal to allow new clients to leverage his diverse skill sets in M&A, cap table and waterfall analyses as well as financial modeling. Jeff generally works with company owners, executives, or boards, and has experience with companies of all sizes.
Jeffrey is now available for hire
Career Highlights
Education
Case studies
Industry Expertise
  • eCommerce
  • Manufacturing
  • Technology
Other Expertise
  • Cap Tables
  • Financial Modeling
  • Mergers & Acquisitions (M&A)
  • Private Equity
  • Valuation
Employment
  • Chairman
    2016 - PRESENT
    Portage Notebooks
    • Executed the acquisition of this legacy brand of office products. Led an acquisition search to identify the company as a potential target, negotiated the deal terms, and closed the transaction.
    • Grew sales via eCommerce by identifying and correcting operational and marketing issues—resulting in a 200% revenue growth in the first two years of ownership.
    • Cut expenses and improved customer satisfaction simultaneously by moving fulfillment in-house. The company was able to implement next day shipping while adding ~15% to EBITDA through cost savings.
    • Executed a bolt-on acquisition with the opportunity to pay back multiples of the purchase price in the first year by enabling broader distribution to our current customer base.
    • Created new products and product line extensions by leveraging existing supplier base. New products launched after the acquisition are now generating revenue—amounting to 30%+ of total pre-acquisition revenues.
    Focus areas: Mergers & Acquisitions (M&A), Financial Planning & Analysis (FP&A), Business Plan Development, Financial Statement Analysis
  • Equity Research Analyst
    2014 - PRESENT
    Singular Research
    • Developed detailed financial models and analysis reports of small and micro-cap public companies for distribution to a subscriber base of institutional investors.
    • Initiated coverage on seven new companies, with three of these companies experiencing a 50% share price appreciation within the first year of coverage.
    • Initiated the coverage of a medical supply company as a potential acquisition target—resulting in a 40% gain for subscribers within one month of the "buy" call.
    Focus areas: Financial Modeling, Financial Statement Analysis
  • President
    2013 - PRESENT
    Radiant Electric Heat
    • Executed the acquisition of the manufacturing product line, including leading the acquisition sourcing process, negotiating the terms, and closing the deal.
    • Implemented a new pricing program after conducting a detailed analysis—resulting in the achievement of company profitability and a 50% increase in revenue in the first year of ownership.
    • Implemented an incentive program for distributors of the product line, resulting in a 20%+ CAGR in revenue over four years.
    • Launched three new products and product line extensions that have drastically increased new business backlog, with annual revenue visibility at a 400% increase from the time of acquisition.
    • Developed a strategic relationship to launch a new proprietary product with a Fortune 500 company which had a complementary product line.
    Focus areas: Mergers & Acquisitions (M&A), Financial Planning & Analysis (FP&A), Business Plan Development, Revenue Management, Financial Management, Financial Statement Analysis
  • Chief Financial Officer
    2013 - PRESENT
    IGW Solutions | InStoreFinance.com
    • Built detailed financial models that included assumptions related to unit economics, cost and commission structure, and cash flow. The models were used to successfully raise seed funding.
    • Developed a revenue recognition system for non-standard financial transactions.
    • Developed and implemented a revenue growth and expense reduction plan that allowed the company to reduce cash burn and reach profitability.
    Focus areas: Financial Planning & Analysis (FP&A), Financial Reporting, Budget Forecasting, Budgeting, Financial Strategy, Financial Management
  • Senior Advisor
    2012 - PRESENT
    Seagate Investment Company Limited Partnership
    • Sourced and evaluated acquisition candidates, resulting in three successful acquisitions over four years and increasing the group's total revenue by 100%.
    • Sourced and evaluated private equity and venture capital deals, resulting in five new early stage investments. All of these companies have gone on to raise subsequent rounds of funding at higher valuations.
    • Served as a board member or board observer, on behalf of the investment group, for passive investments; served in this capacity for three companies. Provided analysis related to fundraising and M&A activities (such as equity waterfall calculations) to the board.
    • Led the operations of wholly-owned acquired companies, with the two companies that had been owned for over a year both achieving an overall revenue growth of over 100%.
    Focus areas: Mergers & Acquisitions (M&A), Private Equity, Private Company Valuation, Early-stage Venture Capital, Angel/Seed Funding
  • Board of Directors
    2012 - PRESENT
    Solarflo Corporation
    • Led the development of an annual pricing strategy, maintaining margin in light of increased material costs.
    • Implemented a supply chain finance program with a major customer in order to reduce days payable for this customer from 90 to 15 days.
    • Identified opportunities to increase business with current customers by cross-selling additional high-margin products.
    Focus areas: Financial Planning & Analysis (FP&A), Business Plan Development, Financial Statement Analysis
  • Lead Systems Engineer
    2006 - 2012
    NASA
    • Negotiated an agreement between NASA, the Department of Energy and a major aerospace and defense contractor for the technical requirements of a jointly developed space power system in a $200+ million project.
    • Developed new procedures for manufacturing cost analysis and jet engine performance analysis that significantly reduced the time necessary to perform analysis based on large data sets (100% to 1000% faster than the original process).
Other Experience
  • For Founders Raising Capital: Thinking Through the Implications of Convertible Notes (Publication)
    Convertible notes have become an increasingly popular and common method for raising capital by startups, but how well do founders truly understand the implications of going down this route? In this article, Toptal Finance Expert Jeffrey Briggs outlines the basics of convertible note structures, and runs through the pros and cons of using them to raise money for new entrepreneurial ventures.
Education
  • Master of Business Administration (MBA) in General Management
    2008 - 2011
    Case Western Reserve University - Cleveland, OH, USA
  • Master's degree in Physics
    2006 - 2007
    Dartmouth College - Hanover, NH, USA
  • Bachelor's degree in Math and Physics
    2002 - 2006
    Centre College - Danville, KY, USA
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