Shabber Jaffer
Los Altos, California 94024
Phone: 408-***-****
Email: *******@*********.***
Senior Finance Executive with extensive experience in successfully leading financial and operational teams in domestic and international markets. A cross-functional leader of large to small sized technology companies with the proven ability to create, communicate and build alignment with all levels of the organization.
Accomplishments:
Finance:
• CFO of three diverse businesses including a company in Mobile Advertising/Direct Response, an Optical Laser company, and a cross-border Venture Fund.
• Completed a successful exit through acquisition by a public company.
• Managed three acquisitions with a combined value of $100M. Drove all acquisition phases including Deal Assessment, Due Diligence, Deal Closure and Integration.
• Successfully raised Equity and Debt financing.
• Exhibited strong financial expertise of 6 major manufacturing sites generating revenues of over $1.0 billion annually.
Operations:
• Successfully transitioned into an operational role for 3 years while at Sun Microsystems (General Manager of enterprise software businesses). Had full P&L responsibility for businesses that had a global presence.
• Established an international business presence for a mobile applications company.
International:
• Built and managed a 70-person business and development team on three continents.
• Drove global partnerships with leading international online portals for market-leading Mobile Social Networking Services and Mobile Marketing Services.
Work Experience:
Kadoink, Inc 2008-Current
A Mobile Content Distribution and Ad-Delivery Platform (Lead investor: Sutter Hill)
Chief Financial Officer
Developed business and financial models for an evolving business model and focus - from mobile social networking to mobile direct response and advertising.
Established and documented key business processes and facilitated transition from a development stage entity to a revenue generating player.
Built key strategic relationships with SMS Aggregators and Direct Response companies.
Helped transition software development to an offshore partner.
Responsible for all Finance, Operational, HR, Facilities and Administrative activities.
FoneMine, Inc 2006-2008
A Mobile Communications Software Start-up (Angel Funded)
Vice President, International Operations
Successfully partnered with a global internet leader (AOL International) for mobile social networking.
Established the company as Asia leader in mobile application services: launched Mobile Yellow Pages (GETIT), Mobile Travel Concierge, Mobile Job Portal and Mobile Matrimonial sites.
Delivered mobile marketing solutions to international brands and advertising companies.
Established the company’s legal presence and infrastructure in Asia Pacific.
Created a Research & Development team in India to build solutions targeted for the Asian market.
K2 Optronics, Inc 2004-2006
An Optical Laser Start-up - acquired by Emcore Corporation ( EMKR) (Lead investor: Alloy Ventures)
Chief Financial Officer
Successfully completed the merger of K2 Optronics with a public company; drove all merger activities working closely with investment bankers and attorneys.
Successfully completed a Series C round of financing raising $7.5M for business expansion.
Reduced cash burn rate by over 60% during a 9-month period.
Transitioned all manufacturing to an offshore contract manufacturer.
Implemented a new stock option plan for underwater stock options.
Responsible for all administrative functions including Finance, Admin, HR and IT.
NewPath Ventures, LLC Santa Clara 2003-2004
The first Indo-US Venture Fund
CFO and Vice President of Finance
Consummated a business acquisition from a major semiconductor company in a 30-day period.
Successfully completed 2 rounds of funding for portfolio companies averaging a 65% valuation uplift.
Led all Finance, HR, and Administrative functions for venture fund and its 3 portfolio companies.
Performed deal analytics, evaluation and due diligence for potential investments and portfolio company acquisition targets; led integration of portfolio company acquisitions.
Performed accounting consolidation for foreign subsidiaries.
Managed activities associated with fund-raising for portfolio companies.
Sun Microsystems, Palo Alto, California 1997-2003
Director, Meta-Directory Product Group - SunONE Division (2002-2003)
• Built and managed $5.0 M revenue, 70-person enterprise software business with teams located in UK, India and US.
• Reduced customer escalations by 75% over a period of 9 months.
Drove design, development and delivery of synchronization and consolidation software for enterprise databases and directories.
Director, Trustbase Product Group – iPlanet / SunONE Division (2000-2002)
• Integrated a 40-person company acquisition; transitioned into role of General Manager of the business.
• Delivered the Reference Implementation of an XML-based messaging middleware product for a global banking consortium.
• Successfully delivered the first inter-bank sponsored B-to-B electronic Payment product.
Worked with over 35 banks on defining specifications and developing software to these specifications.
Briefed press and analyst community on bank mediated e-commerce.
Controller - Product Development – iPlanet / SunONE Division (1999-2000)
• Successfully drove 2 company acquisitions.
Financial Controller of enterprise software business with annual revenue of over $400M and a 1,000 –person development organization (Sun -Netscape Alliance).
Responsible for coordinating all planning, budgeting, business process and analysis across two companies.
Controller, SPARC Engineering - Microelectronics Division (1997-1999)
Optimized return on $100M of product development investments.
Redefined business processes, metrics and management reporting to transition to an external-focused business.
Drove transfer pricing negotiations with other Sun divisions.
Drove division Product Strategy Councils; Performed Chief of Staff role to division president.
National Semiconductor, Santa Clara, California 1994-1996
Director of Finance, Manufacturing - Analog Division (1995-1996)
Actively managed the division’s manufacturing activities including planning and forecasting, inventory management and plant strategy.
Spearheaded financial profitability of 6 global manufacturing plants generating revenue in excess of $1.0 Billion.
Business Unit Controller - Application Specific & Interface Products (1994-1995)
• Drove effective closure of product line (Programmable Logic) minimizing customer and inventory liability.
• Designed and implemented a New Product Development Project Tracking System.
Financial oversight of four product lines generating total revenue of $250M.
Philips Semiconductor, Sunnyvale, California 1984-1994
Controller – Mass Storage and Automotive Product Groups (1993-1994)
EDP/Peripherals Product Group (1992-1993)
Microcontroller Product Line (1990-1992)
• Oversaw Mass Storage revenue growth from $0M to $20M in 12 months.
• Implemented a successful semiconductor wafer foundry strategy increasing factory utilization from 30% to 80%.
• Effected profitability turnaround of a $60M Microcontroller business.
Financial Analyst – Microcontroller Product Line (1989-1990)
Performed Revenue Management, Cost Accounting, Inventory Management, Financial Analysis and Budgeting of Product Line.
Accounting Manager– Sales (1988-1989)
Performed worldwide budgeting and analysis for a $500M sales organization; responsible for Distribution Point of Sale revenue recognition and margin deferrals; managed Distributor Bill Back program.
Financial Analyst – Sales (1987-1988)
Drove the North Americas Sales Revenue and Spending budgeting process.
Distribution Auditor (1984-1987)
Audited distribution partner branch locations to effect appropriate inventory valuations; Generated annual billings of $1.5M to distributors for excessive discount claims made.
Education:
M.B.A – Kansas State University, Manhattan, Kansas (1984) Major: Finance
B.S – Bangalore University, Bangalore, India (1980) Major: Accounting
Interests:
Soccer, Basketball, International Travel, Reading. Volunteer Coach for AYSO Soccer; Save the Children Foundation.
Advisory Board Member to early stage companies.