“It is with distinct pleasure for me to recommend the financial and fractional CFO services of ESVP (ESVP) Management to anyone interested in the highest standard of professional services in this field. Mandala Space Ventures (Mandala) is a venture studio located in Pasadena, California, incubating, accelerating and investing in startup companies that are essential to the future global space economy, for the benefit of humankind. Mandala has been working with ESVP on multiple levels and multiple projects over the past 3 years with a terrific track record and outstanding customer satisfaction. Services include financial planning and reporting, contract management, customer interaction, reviews of NDAs, portfolio service agreements, preparations for quarterly board of director meetings, quarterly reports, management of the Carta platform, review of Term Sheets, SAFE agreement, CAP tables, strategic planning for equity allocations, and more.
ESVP services have been timely, well prepared and thoughtfully presented to be both precise and strategic at the same time. ESVP manages the Financial Planning & Analysis (FP&A) process for Mandala as well as for multiple Mandala portfolio companies. These tools are an essential part of the company planning and financial management services. ESVP also goes above and beyond expectations to deliver a superior service based on latest tax filing laws, best practices and more.
An excellent example of the above and beyond service is the fact that ESVP helped us through the R&D tax credit process which was applied directly against our payroll taxes. For a pre-revenue startup, that kind of savings makes a huge difference. They handled all aspects of compliance, including city, state, federal and international requirements. Their understanding of proper accounting and tax treatment for grants and service agreements has been invaluable. Month-end close, historical clean up, accounts payable, accounts receivable, and day-to-day financial operations now run smoothly. Our accounts receivable turnaround improved dramatically after bringing them in, and cash flow management across the group is now consistent and predictable.They built and maintained a complete finance drive for us that keeps everything organized, tracked, and easy to audit.
ESVP also set up internal controls, streamlined processes, and ensured our payroll and HR compliance were handled timely and correctly. Their budget to actual analysis has helped us make better decisions faster, and their models have given our founders and CEOs clear insight into burn, growth, and runway across different scenarios.
ESVP is more than a fractional finance partner. They act as an extension of our leadership team. They care about the details, they understand the pace of early-stage companies, and they give us the confidence that our financial foundation is strong. Their work speaks for itself and I wholeheartedly recommend them.”
Dr. Leon Alkalai
CEO of Mandala Space Ventures
“The financial side of a fast-moving company can get complicated quickly. Investors, legal work, hiring, product milestones, all piling up while you are trying to build something real. Early at Sophia Space, it was clear we needed a finance partner who understood that pace and pressure, and that is exactly what we found with ESVP Management.
ESVP has been with us from day one, building the financial backbone we rely on. They set up our entire finance drive, built models that reflect how our business actually works, and kept a clean, accurate cap table we can share with investors without hesitation. They handled payroll, kept us compliant, flagged risks early, and kept us away from penalties and unnecessary tax exposure. Their projections have given us the clarity we need to make solid decisions with our board and investors.
A lot of companies worry that a fractional CFO will be expensive or disconnected. Our experience has been the opposite. Every dollar we have spent has saved us much more by avoiding mistakes, compliance problems, clean up work, and bad decisions. They make complex situations understandable, and they are often ahead of what we need.
Most importantly, they care. ESVP treats our company like their own and consistently goes above and beyond. I have worked with many finance teams, and ESVP is the one you want beside you when you are building something ambitious.
I recommend them without hesitation.”
Rob DeMillo
CEO of Sophia Space Inc.
“To a degree keeping organized and managing money should be second-nature to en executive.
But keeping up with, digesting and deploying a deep understanding of niche financial policies, compliance standards and best practices is overwhelming — especially on top of the “settling in” of a new business.
Elinor Shklaz and her ESVP team through their hard work, deep study, flexibility and creativity —an unusual strength for a team of accountants— arm me with the clarity and confidence I need to make strong financial decisions on behalf of my business and enable its growth through the constant state of change typical of a start-up.
Their level of dedication, ownership and advocacy make their function “fractional” in name only, and critical to my success.”
Aron Pobereskin
CEO of ARC01
