“Whenever you face setbacks and failures, view these as what they are—an opportunity to learn and grow. While talent and skill are certainly important, the most important skill is resiliency.” –CFO Sean Mulloy
When asked when he knew that he wanted to become a chief financial officer, Sean Mulloy tells us that he knew from the time he first became “siloed” within an organization. At the time, Mulloy was a project manager with the financial services company Discover, where his lines of sight seldom extended beyond his immediate projects.Read More
“I knew that I wanted to have a bigger impact. I knew that I wanted to tackle operational efficiencies and execute fund-raising and capital structure, but I was stuck sitting in a silo,” explains Mulloy, who subsequently left his confines at Discover to join a consulting firm that specialized in turnarounds and structuring outcomes for distressed companies.
Says Mulloy: “This was essentially serving as the interim CFO for distressed companies. I was no longer just doing FP&A—I became responsible for banking relationships, audits, operations, and HR.”
No longer fenced in, Mulloy says, he acquired a taste for making an impact and a hunger that eventually would lead him to the CFO office at Level Ex, Inc. –Jack Sweeney
CFOTL: Tell us about Level Ex. What does it do, and what are its offerings today?
Mulloy: Let me start off with our mission, which is to advance the practice of medicine through play. To do this, we’ve united a team of top video game developers, artists, designers, and expert physicians to take the best technology in neuroscience-based design from the video games industry and apply it to medical training. Our games are free. They help physicians to master critical skills and accelerate the adoption curve of new technologies and techniques within medicine. We count eyeballs and we measure interest in our games. You can imagine who would have a vested interest in these eyeballs and these downloaders, which would be pharmaceutical companies and medical device companies that are bringing their products to market.Read More
When I was joining the company, I was being brought in to help lead a round of Series B financing. We had Series A with venture capital firms, pretty well known. For the Series B process, we were having conversations with one of our commercial partners. They ultimately ended up putting in a convertible note and then, actually, after doing some due diligence on the convertible note, deciding to do a full-on acquisition, which was culminated on May 26, 2020.
As I built out the 2021 finance team road map, my key initiatives were focused around the overall strategic goal of the company, which is to fuel scalability. The way that my team can help with this is through our information architecture. Right now, we have great insights and great reporting packages, but they’re laborious and time-consuming to create. If we want to impact the business and help it to scale, we have to deliver on building out a better information architecture.
Level Ex | www.levelex.com | Chicago, IL