WSO, I'm in need of some advice.
This summer, (3/4 through my UG) I've spent a considerable amount of time networking to set myself up with a position I'll be happy at, following my graduation. One lead panned out particularly well, and I landed myself a position this summer, working directly under the CFO (who I reached out to) of a young Oil & Gas distribution company (I'm the only employee - it's practically brand new). Keep in mind that the hours are low - it's my second job.
The content of the job is pretty abstract, as I assist in research regarding hedging strategy, and risk mitigation through purchasing forwards of WTI. However, my CFO has been training me increasingly to run the managerial accounting, monitor our results, and deal with clients, and our suppliers in order to save him 10-15 hours each week. The job is very dynamic, and I'm getting to the point where I can do a lot of the job on my own time at home without supervision.
Not only is he open to this, but encourages it as he's a) busy, and b) out of town travelling 50% of the time. This has lead me to the point that I'm completely confident I could continue my role while I'm away at school, not to mention we've become good friends, and I'm payed pretty well by him.
An interesting spin on things, is that the company has been extremely profitable thus far, is exploding in growth, and is looking to raise more capital from the same partners that currently hold 100% of the equity. I feel like I understand the industry and business model well enough to have a pretty good idea of the risk-reward scenario of parking some cash with them, and I would kill to invest. The issue is, I don't provide the same strategic value that all of the shareholders do, and I don't know if it would be acceptable to suggest that I invest with them as well, since it would dilute their equity.
Things to note:
-This business is a small investment compared to the other ventures that the partners have already built up under themselves.
-I don't have enough cash kicking around to significantly dilute their investments, though I'm sure changing the ownership structure would be a hassle.
-I wouldn't ask for any sort of voting shares, or seek to control the company in any way.
-I still have 2 months before school ends.
There are two things I want to know:
1) How can I integrate myself sufficiently so that my CFO will have no desire to let me go at the end of summer, and let me continue working with the company from 7000km away.
2) How do I bring up the conversation of me deploying some of my capital into the company? Should I even be considering this? What level of dependence on me would be necessary for the other partners to agree to such a thing?
I assume there are some IB/PE/Entrepreneur guys out here who could drop some knowledge on me. Have at it. Thanks in advance.
http://www.amazon.com/Linchpin-Are-Indispensable-Seth-Godin/dp/15918440…
Prove to your employer you can be an asset not a liability - be a self starter, have initiative, results speak for themselves. Briefly read over your situation, but those are some things I abide by
Convincing your CFO to let yourself become shareholder? Anyone?
If they're investing another round pro rata you could probably just ask to take a piece of his ownership but he'd probably want to make sure you'd be around long term so I think your situation would hinder your chances. Doesn't hurt to ask though.
Depending on the equity structure they could have some in allocated units for incentive that he might be able to give out. Just depends on how they structured the deal.
bump
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