Unlike traditional Venture Capitalists, whose primary interest is to see a return on their investment, strategic investors often have ulterior business motives. They might be interested in the start-up’s technology, customer base, team, or blocking competition. It’s crucial to discern why they’re interested in the first place. One main attraction for strategic investors is the...
From the Desk of Dr. Doom, Chief Restructuring Officer: Trigger Warnings: Uncontrolled Debt, Zero Profitability It was a routine morning when my inbox flashed with an introduction email from Bailey, a known board member from the industry. The subject: “Harry’s Crisis: Urgent Intervention Needed”. The content was straightforward; Harry’s decade-long dream startup venture was in...
Out of the desperation that companies are feeling to find inexpensive alternatives, a deluded solution has arisen — using independent contractors and consultants to do employee work. The general idea is that an independent contractor is an industrial godsend; you do not have to provide them the same benefits or share ownership that an employee...
The word “intern” usually conjures up mental images of a frantic college co-ed fetching coffee, bringing clothes to the dry cleaner, filing endless stacks of paper, retrieving lunch, walking the boss’s dog — basically doing all the things that no one else wants to do. Most people think of interns as free labor, with payment...
Following the tumultuous financial crisis of 2008-2009, if you were going into a fundraising mode, in all likelihood you were soon in a new position at a new company. If you were like most venture-backed companies, you reviewed the now infamous Sequoia Manifesto and hunkered down for a tough road ahead. In the post-pandemic economy,...
Here are some common misconceptions about the Sarbanes-Oxley Act of 2002: “We are not a public company, why should we worry about SOX compliance?” “Becoming and staying SOX compliant is very costly; we can’t afford that right now.”loo “All of those internal controls only get in the way of running our business.” Over the years,...
You shipped the product; therefore, you have revenue! Not quite so fast. With the right technical accounting services from Ravix Group, you can unravel the conundrum of this seemingly simple question: What is revenue, anyway? Let’s start with practices that slowly whittle away at your revenue and address how to handle the accounting intricacies —...
