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Samuel Simmons
Chief Financial Officer at Solo Stove
Professional Background
Samuel Simmons is a distinguished financial executive with extensive experience in various leadership roles, particularly as Chief Financial Officer (CFO) and Vice President of Finance. He has a proven track record of guiding companies through their growth phases, starting from startups and venture capital investments to growth equity, public company transitions, and private acquisitions. Samuel has built a remarkable career in successful, hyper-growth tech companies, specializing in Software as a Service (SaaS) metrics, cloud computing, and subscription revenue models.
His professional journey is characterized by significant accomplishments that underscore his aptitude for navigating complex financial landscapes. Samuel was instrumental in achieving monumental exits, such as the impressive $357 million exit during his tenure at LogMeIn (LOGM) and facilitating LOGM's subsequent $4.3 billion exit to Francisco Partners/Elliott, transitioning the company from public to private. He has proven himself as a formidable leader in fundraising, successfully sourcing term sheets that totaled over $100 million from various debt financing, venture capital (VC), and private equity (PE) institutions. Samuel's adeptness in mergers and acquisitions (M&A) is highlighted by his leadership in executing thorough buy-side financial due diligence and onboarding over seven acquisitions seamlessly.
As a head finance executive at Jive Communications, Samuel was pivotal in bootstrapping the company's growth from zero to over $250 million in Annual Recurring Revenue (ARR), demonstrating his capacity for strategic financial modeling, forecasting, and investment analysis. His commitment to achieving substantial returns on investment (ROI) is evident through his implementation of key performance indicators (KPIs) and growth metrics that facilitated significant expansions across new projects and investments.
Samuel's leadership extends beyond finance; he has successfully managed finance and operations teams through various pivotal phases of business development, ensuring continued operational compliance and excellence. His teams have navigated processes for formal diligence essential for public company exits and funding rounds, rolled out comprehensive budgets, and executed multiple successful audits.
Over the course of his career, Samuel has also transitioned accounting platforms from systems like Quickbooks, Intacct, and Netsuite without a hitch. His management experience has involved diverse teams spanning Operations, Customer Care and Retention, Sales Operations, Business Intelligence, Legal, Human Resources, and Revenue Operations. He has been a vital part of executive teams that have taken companies from initial stages to generating nine-figure revenues, and he has contributed to the strategies of one of the top ten public SaaS companies in the industry.
Education and Achievements
Samuel Simmons laid the foundation of his financial acumen with a Bachelor’s degree in Business, specializing in Finance, from Brigham Young University. Additionally, his early education at Jakarta International School and the International School of Islamabad equipped him with a global perspective that complements his financial expertise. Samuel has continuously sought opportunities for growth and learning, serving alongside and learning from esteemed mentors including Don Pratt, John Pope, Ed Herdiech, and many others, who have profoundly shaped his professional ethos.
Achievements
- Successful Exits: Facilitated major exit transactions including a $357 million exit to LogMeIn (LOGM) and a $4.3 billion exit to Francisco Partners/Elliott.
- Fundraising Expertise: Sourced term sheets exceeding $100 million in funding through debt, VC, and PE channels.
- Mergers & Acquisitions: Led comprehensive financial due diligence on multiple acquisitions, successfully onboarding over seven new companies.
- Bootstrapping Success: Championed financial modeling and investment planning that propelled Jive from $0 to over $250 million ARR without initial VC funding.
- ROI Metrics Implementation: Established KPIs and growth metrics instrumental in enhancing project returns and investments.
- Exemplary Operations Management: Oversaw finance and operational teams through critical diligence processes, audits, and budget rollouts to ensure strategic growth and compliance.
Throughout his career, Samuel has left an indelible mark on every organization he has been part of, including his current role as Chief Financial Officer at Solo Stove, where he continues to leverage his extensive finance experience to drive innovation and strategic growth in the company. His past roles, including Vice President of Finance and Divisional CFO at LogMeIn and acting CFO at Jive Communications, underscore his versatility and commitment to excellence in financial leadership.