Uncover the Hidden Secrets of Successful Founders Have you ever wondered what sets truly successful founders apart during the toughest times? There’s a certain trait, a subtle quality, that makes all the difference. In our latest video, we delve into the enigmatic world of high-stakes decision-making and reveal the secrets that can transform a struggling...
The Startup Survival Guide: For Startups with Less than 9 Months of Runway
June 3, 2024by Dan Saccani
The current market has startups panicking – with less than a year of runway, will founders successfully raise? Many startups are heading toward the zone of insolvency and need quick tactics to extend the runway without strangling growth. Ravix Group’s turnaround experts got together and created the Survival Guide for Startups with 9 Months of...
For most founders, there will be a time when they need to sell the company. It’s a stressful time, full of unknowns, negotiations, terms and clauses, valuations, equity payouts, and a slew of tasks that a founder rarely does. Ask for a product timeline. No problem. An M&A timeline? Not usually in the founder’s bag...
Startup founder Jake Savvy returned from a board meeting excited and anxious; he’s about to prepare for a fundraiser as his runway may not last another year, and his growth is causing more burn. As he drives home, he thinks about his fundraising checklist: pitch deck? Check. List of investors? Check. Email blast to said...
It’s no secret that start-up funding is down in 2024 as investors weigh in on the AI hype cycle. In the current economic climate, where funding is tighter, and investors are more cautious, startups seeking venture capital face rigorous scrutiny. Due diligence becomes a critical phase, where potential investors dissect every aspect of the business...
For startups with less than nine months of runway and less-than-clear product market fit, pursuing a parallel path of mergers and acquisitions (M&A) alongside fundraising allows founders to feel like they can travel towards two paths with both as viable options. This dual approach provides flexibility and increases the chances of securing the necessary resources...
Harnessing Customer Feedback for a Successful Turnaround: The Lost Art of Calling Your Customers
March 26, 2024by Dan Saccani
I noticed a missed call and voicemail on my phone: a client called me back. I immediately listened to her message, “We haven’t had a response to our email in over a week!” An angry message solicited by Yours Truly. I immediately called back, knowing exactly what to say. “Pam, I understand that she’s not...
Tina, an intrepid founder with a software company, just received an offer from a big tech company for her start-up. In earnest, she asked me many questions about the contract, especially about a clause with earnouts. “All these KPI’s and numbers, are they achievable post-acquisition? I thought I’d sell and be done.” “Not so fast,”...
Reviewing Your Financial Health Part 3: Get What You’re Owed with Effective Collections
January 30, 2024by Dan Saccani
In the dynamic and often unpredictable world of startups, maintaining a healthy cash flow is crucial. One key component of this is managing accounts receivable efficiently and effectively. The goal is to ensure that you, as a founder, can recover debts in a manner that preserves customer relationships while bolstering your company’s financial health. Understanding...
Reviewing Your Financial Health Part 2: Managing A/R and Sales Effectively
January 23, 2024by Dan Saccani
In times when you’re constantly running out of runway in the dreaded zone of insolvency, and as a founder, you feel like making payroll is an impossible obstacle course every two weeks, understanding and managing every aspect of your startup’s cash flow and sales becomes a matter of survival. This is where a waterfall analysis...
