As the chief financial officer of New 2ND Capital in New York City, Kate Merli manages transactions, audits, and cash flow on all investments. And every fall, Kate Merli roots for the New England Patriots professional football team.The Patriots recently awarded 33 grants to high school and other youth teams throughout New England. Each grant is worth up to $1,000 and provides a range of athletic equipment and uniforms to young people in financial need. The Patriots made the grants in partnership with USA Football and the NFL Foundation.USA Football, an organization that oversees America’s youth football programs, will provide funds totaling $1.5 million for 2019. Since 2006, the organization has given some $14 million to about 500,000 players around the country.Its corporate sponsors donate such items as uniforms (Badger Sport), tackle football equipment (Riddell Sports), and practice aids (Gilman Gear, Tackle Tube, and Shadowman Sports). Additional items include flag football equipment, wearable tech (Catapult), and background checks (Peopletrail).USA Football holds a seat on the US Olympic Committee and operates teams for international competition. It promotes safe participation in the sport by building alliances with medical providers and child advocacy organizations.Working alongside USA Football is the National Football League Foundation. The foundation pools the resources of the league’s 32 franchises to enhance the safety and wellness of players.
A graduate of Bentley University, certified public accountant Kate Merli works as CFO at New 2nd Capital, where she oversees employee payroll and benefits, manages fiduciary account cash flows, and maintains cash flow planning for each fiduciary account. Through her years of professional experience, Kate Merli has developed a wealth of experience in different areas, including venture capital.
Startup businesses that may potentially flourish require an investment. Looking at the long-term growth, investors put in their money into such businesses. The capital invested is called venture capital, while those that invest their money are known as venture capitalists. Venture capital is categorized based on the stage of business when the investment is made. Its three main classifications of funding include early-stage financing, expansion financing, and acquisition or buyout financing.Early Stage: Divided into three phases, this stage involves seed funding, startup funding, and first-stage funding. In the first phase, an entrepreneur receives a small amount as his or her startup loan. The second phase entails an amount given for the purpose of expanding or completing a product or service development. The third phase takes place when companies need to finance their initial business activities but have used up their starting capital.Expansion: This type of venture capital is divided into two types: second stage and bridge funding. Second stage funding is intended for companies that are moving towards growth or expansion. Bridge funding comes as a finance option with a small-term interest for the purpose of major business strategies such as initial public offers. Acquisition or Buyout: This is also composed of two types, acquisition funding and management funding. The former discusses acquiring a portion or an entire company. The latter talks about obtaining a specific product from another company.
An accomplished executive in finance, Kate Merli serves as the CFO of New 2nd Capital, a private equity firm with substantial investments in middle market companies. A prominent figure in the industry, Kate Merli is a member of the American Institute of Certified Public Accountants (AICPA), a global network of more than 430,000 members of the accounting profession.In addition to providing guidance and developing standards for audits, AICPA hosts events such as the upcoming ENGAGE 2019, which will be held at the MGM Grand Las Vegas June 9-13. The five-day event will include a series of conferences on estate planning, personal financial planning, career development, tax strategies, technology, and advanced accounting and auditing. With more than 3,800 attendees annually, AICPA ENGAGE is an opportunity to learn about other areas of accounting and to network with other accountants and financial professionals. For those unable to attend the live event, AICPA offers streaming of audio and video sessions accompanied by slides. For more information, visit www.aicpaengage.com.
As the CFO of New 2nd Capital in New York City, Kate Merli oversees the onboarding, fund administration, cash flow planning, and valuation of client accounts managed by the company. With a postgraduate degree in accountancy from Bentley University, Kate Merli has solid knowledge and experience in many areas of finance, including private equity and venture capital.The year 2018 was by far the biggest for United States-based startups, with a reported investment of $130.9 billion from venture capitalists, according to the joint report published by PitchBook and the National Venture Capital Association. However, the number of deals decreased from 9,400 to 8,949 even though the investments in 2018 increased by more than 57 percent, from $87 billion in 2017.According to the report, deals exceeding $100 million dominated among startup companies, venture capitalists, and private equity investors. One notable example was $1.3 billion for Epic Games, the video game company that created Fortnite. The report also revealed the significant growth of capital investments in life science startups, with more than $23 billion invested across 1,308 deals. California, New York, and Massachusetts remain the leading hubs for venture investment activity, with 79 percent of the total amount invested and 53 percent of the number of deals.
