ABOUT US

 

Our Mission

Small-Cap Institute’s central purpose is to simplify life for small-cap officers and directors, and dramatically increase their decision-making effectiveness for shareholders. We accomplish this in a way that’s never been done before. We provide actionable insights from highly experienced investors and capital markets experts regarding the extensive array of unique situations that effect small-cap companies every day. Membership is strictly limited to officers and directors.

David A. Scher

David A. Scher

Founder

During a 15-year tenure investing his family’s capital in small-cap companies, David has met with hundreds of micro-cap officers and directors.  He has occupied a front row seat to the unique challenges that routinely vex small public companies, and seen how otherwise smart, well-intentioned CEOs and boards make similar, repetitive, value-destructive decisions.  A natural problem solver, he realized through years-long observation that the problem was an educative one.  More specifically, the capital markets, corporate finance, and corporate governance issues that small-cap CEOs and boards face lack intuitive answers.  In place of those intuitive answers is often the highly variable advice from service providers who are simply guessing how investors think. Consequently, in 2017, David founded Small-Cap Institute, and began to work on assembling that missing, comprehensive, educative resource. In addition to his career as a full-time investor, David joined LD Micro in 2014 to help manage the construction of the first true micro-cap index – the LD Micro Index – and oversee the rebuild of the ldmicro.com website.  Now utilized by thousands of investors monthly, the assets represents the most accurate rendering of the state of the micro-cap market versus other indices in the U.S. capital markets. At LD Micro, David is also responsible for planning and executing LD Micro’s industry leading conferences each year, wherein over 5,000 one-on-one meetings between investors and micro-cap companies are facilitated.  As a result of his work with LD Micro, David occupies a unique vantage point from which to understand at a granular level which issues are most troubling to micro-cap CEOs and boards.

Editorial Advisory Board

Brian Balbirnie

Brian Balbirnie

CEO, Issuer Direct (NYSE: ISDR)

Brian Balbirnie serves as the Chief Executive Officer and strategist of Issuer Direct. Brian established Issuer Direct in 2006 with a vision of creating a technology driven back-office compliance platform that would reduce costs as well as increase the efficiencies of the most complex tasks. Brian is responsible for the strategic leadership of the company and oversees day-to-day operations. Under Brian’s direction, the Company has grown to serve over 2,000 companies since 2006. Brian is an entrepreneur with more than 20 years of experience in emerging industries. Prior to Issuer Direct, Brian was the founder and managing partner of Catapult Company, a compliance and consulting practice focused on the Sarbanes Oxley Act. Prior to Catapult, Brian also advised several companies on their public market strategies, Merger & Acquisitions as well as their financial reporting requirements.
Dr. Rollie Carlson

Dr. Rollie Carlson

CEO, Immunexpress, Inc.

Rollie Carlson is CEO of Immunexpress, Inc.  He has over 25 years of global commercial, business development experience in the biotechnology space including fund raising in both public and private capital markets. Prior to Immunexpress, he was President and CEO of WaferGen Biosystems (NASDAQ:WGBS) a life science genomic company; President and CEO of Asuragen Inc., a molecular diagnostic company; and, he held several leadership positions at Abbott Laboratories NYSE:ABT).  He has a Ph.D.,  in Biology/Botany from Southern Illinois Iniversity.
Ian Cassel

Ian Cassel

Investor, Founder of MicroCapClub

Ian is a full-time microcap investor, founder of MicroCapClub, the MicroCap Leadership Summit, and co-founder of the Intelligent Fanatics Project. Ian founded MicroCapClub in 2011 with the goal of providing a place for investors focused on small-cap stocks to discuss their research in depth. It has since grown into the largest online forum for sub-$300m stocks with over 500 members and subscribers.
Adam J. Epstein

Adam J. Epstein

Founder, Third Creek Advisors

Adam J. Epstein is a former institutional investor, and, now, an advisor to CEOs and boards of pre-IPO and small-cap companies through his firm, Third Creek Advisors, LLC.  Prior to Third Creek, he co-founded Enable Capital Management, LLC; Enable’s special situation hedge funds invested in more than 500 small-cap financings. Mr. Epstein is the author of The Perfect Corporate Board  (McGraw Hill, 2012). In June 2017, The Perfect Corporate Board was the #1 ranked corporate governance book on Amazon.com. He earned a Juris Doctor from Boston University School of Law, and a Bachelor of Arts, cum laude, from Vassar College.
Amanda Gerut

Amanda Gerut

Associate Editor, Agenda (Financial Times)

Amanda Gerut is an associate editor with Agenda, a corporate governance publication for board members of large-cap companies, published by The Financial Times. Amanda writes about board structure, CEO succession planning, executive talent development, director recruitment, board evaluations and director compensation. Currently, Amanda also serves as an advisor on journalism and reporting issues and as a senior editor for environmental, social and governance issues at CleanTechIQ, a publication focused on renewable energy and venture capital financing.

Select Contributors

Neil Cataldi, Principal, Blueprint Capital Management

Neil has 17+ years of relevant investing experience across equities, options, alternatives, and Family Office wealth management. Previously Neil worked at the Philadelphia Stock Exchange, Goldman Sachs, and Susquehanna International Group.

Bob Lamm – Partner, Gunster

Bob Lamm co-chairs Gunster’s Securities and Corporate Governance practice, and he is a special advisor to Deloitte’s Center for Board Effectiveness. Previously, Lamm was assistant general counsel of Pfizer, and held senior legal positions at W. R. Grace, CA Technologies, and Financial Guaranty Insurance Company.

Frank M. Placenti – Partner, Squire Patton Boggs

Frank Placenti is chair of Squire’s Corporate Governance & Securities Regulation Practice.  He is a Vice Chair of the American Bar Association’s Corporate Governance Committee.  Placenti is the editor of The Directors Handbook, A Field Guide to 101 Situations Commonly Encountered in the Boardroom (ABA, 2017).