Today we’d like to introduce you to Filipp Chebotarev.
Filipp is the Chief Operating Officer and Managing Partner of Cambridge Companies SPG where he oversees all daily operations develops and maintains strategic partnerships and drives initiative for organizational growth. Filipp graduated from the University of California Irvine with honors and went on to obtain a wide array of experience in politics, business, revenue operations and organizational development.
While working at the 39th Congressional District of California Filipp maintained and developed new relationships with business, government, community and other constituency groups. Filipp was responsible for various reporting aspects to keep Congressman Ed Royce informed on local and national scale events that had an impact on legislation and political positions relevant to the Representative and his District.
Filipp later transitioned into a corporate role with DaVita (DVA). During his tenure, Filipp was directly responsible for Revenue Operations of two of the largest billing regions that make up the organization. He oversaw weekly and monthly billing cycles for regions that comprise roughly 70% of the $12 Billion U.S. based revenue, oversaw the revenue integration of several key acquisitions and JV partnerships, reviewed DaVita Revenue Operations and Compliance in accordance with SOX (Sarbanes Oxley Act of 2002.) Aside from Revenue Operations Filipp was a leading member of the National Innovation Committee which focused on organizational development, process engineering, process improvement and team building. His team was responsible for acquiring over 700 new dialysis centers and vertically intergrading these acquisitions into the parent company. His efforts also contributed to new JV partnerships for DaVita in nine countries in Asia, South America, Eastern Europe and Saudi Arabia in the Middle East.
At Cambridge SPG Filipp also oversees corporate public relations campaigns and evaluates investments for discernible social impact. He maintains strategic partnerships with board members, high-value clients and holds keyboard seats at Cambridge SPG Portfolio Companies. Mr. Chebotarev shares a Board Seat with actress Sarah Michelle Gellar and Galit Laibow CEO at Foodstirs, Inc., actress Jennifer Garner and CEO John Foraker at Once Upon a Farm LLC, a rapidly growing CA based baby-food company, Tosi Health, and others. Filipp is considered one of the nation’s top subject matter experts on real estate and private equity investments. Mr. Chebotarev also has extensive experience in finance and organizational development. Filipp Chebotarev sits on the advisory board of Pelican Point Capital, a Global Merchant Bank based in Newport Beach, CA.
Filipp is a Strategic Opportunity Investor in real estate, Angel Investor and Venture Capitalist with a strong focus in Food/Beverage, Technology, Hardware, Fin-Tech, Biomedical, Healthcare, and other sectors. “My ultimate motivators are the relationships in my life; my family, my friends and the ability to give back to my community. I do what I say, say what I do and keep integrity at the core of everything I do.” Filipp is an underwriter and major donor to Harvesters – Food Bank in Orange County and Actively Involved with Shoes That Fit, a 501 C 3 empowering children in low-income demographic areas by buying them new shoes.
Great, so let’s dig a little deeper into the story – has it been an easy path overall and if not, what were the challenges you’ve had to overcome?
In many ways, it has been a smooth road with bumps along the way. What I have learned over the years is to expect the unexpected. When I invest in a company or real estate asset there is a certain business plan, projected timeline and expected return or potential return (upside potential.) It is then either up to me or the company management team to execute on the business plan and realize that upside potential. What always, without exception happens in actuality is slightly different than the initial plan. Life happens, certain things that were supposed to occur take longer and obstacles that no one expected arises out of the blue. This has taught me an important lesson and helped guide my own approach. What I learned is that ultimately it is the character and dedication of the founder, CEO, manager or the individual leading the deal that determines the outcome. Sometimes things go better than expected, but when the challenges come up it comes down to the people in charge of managing the status of the business that determines a favorable outcome. This is the responsibility I take with my clients, I do whatever it takes to make sure that issues are corrected if they arise and I invest in companies with leadership that has the same level of responsibility.
Cambridge Companies SPG – what should we know? What do you guys do best? What sets you apart from the competition?
Cambridge Companies SPG is a Strategic Opportunity Investment Company. We invest our own capital and on behalf of a diversified group of investors. From 2010 – 2014 our primary focus was a distressed real estate acquisition. By 2016 the distressed opportunities completely vanished and unlike many other real estate investment firms that shifted from their thesis and continued to make investments in real estate regardless of the record high valuations and changing market conditions, we were able to adapt and move into private equity. Private Equity and venture capital is the core of the team’s experience and we have focused for the last two years exclusively on the food and beverage consumer products space.
From January 2016 to April 2018, Cambridge Companies SPG has invested over $20M of equity in 12 companies.
Foodstirs Modern Baking, which was co-founded by actress Sarah Michelle Gellar launched products in an additional 7,500 U.S. based grocery stores and all U.S. based Starbucks locations in 2018.
Once Upon a Farm Baby Food, co-founded by actress Jennifer Garner continued to expand a successful national retail roll out.
Matchabar, which offers ready to drink Matcha Green tea lured Platinum Artist Drake as an investor and brand advocate and expanded throughout the U.S.
Powerful Brands continues to double annual revenue YOY as a fast growing emerging sports nutrition brand.
Tosi Health offers Tosi Superbites which continue to expand in the U.S., Europe, Middle East and parts of Asia.
Wild Friends, an Oregon based Nut-Butter and Snack company offering a ridiculously delicious nut butter line with functional ingredients to complement the unique flavor profiles.
Ancient Nutrition which has had a meteoric rise in popularity and revenue, approaching $100M in annual sales in just a few years. Ancient Nutrition offers a line of functional proteins and supplements derived from bones broth and infused with collagen for better skin, hair, muscle and joint recovery and more.
Our portfolio is growing and the latest is featured here: http://www.cambridgespg.com/portfolio-companies/
What moment in your career do you look back most fondly on?
The best moment in my career so far is when I first realized that our investments are making a significant impact on public health as our investments focus on companies that offer an Organic, Non-Gmo or “better for you” alternative to traditional consumer items typically mass produced and filled with artificial ingredients. Last year alone, (2017) Cambridge Companies SPG portfolio companies had over $42 million revenue and sold 30 million individual units within the better for you product space. We helped consumers make 30 million decisions to buy a better for you product instead of purchasing an artificial / highly processed food or beverage product. Our investments contributed to creating over 4,000 direct and indirect jobs and we reached over 115,000,000 million people around the world on social media. Our investments are incrementally reshaping and revolutionizing the nutritional landscape of the U.S. and contributing to a positive impact on public health.
In 2018, the same portfolio we held in 2017 is on track to exceed $100 million in annual revenue. The way I evaluate the investment thesis is, there are seven billion people in the world today and projected to be over 10 billion by 2050. We all eat multiple times a day and this isn’t changing anytime soon, but what we are choosing to eat is changing. Our portfolio companies are cleaning up baby food, functional beverages, snacks and other high-velocity categories.
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Matt Doheny Photography