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...
Product-market fit is that elusive state where your product not only meets market needs but does so in a way that resonates deeply with your users. Traditional markers of product-market fit, like rapid user growth or media attention, are lagging indicators. They tell you what has happened, not what’s going to happen. Many founders have...
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...
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...
It was the best of times, it was the worst of times, as the story of two startups unfolds under the watchful eye of Alex Sterling, a seasoned venture capitalist known for his strategic foresight and uncompromising pursuit of excellence. On one side is InnovateX, steered by the meticulous and introspective James Archer, a founder...
Under the cold, clinical glow of his office lights, I received the call that set the next challenge into motion—a biotech firm couldn’t get another round of funding after the FDA approval failed, buried under a mountain of debt and regulatory scrutiny. The voice on the other end was Jerri, a friendly Venture Capitalist I’d...
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...
Evaluating Your Startup Financial Health Part 1: The Analysis of Receivables and Payables
January 22, 2024by Dan Saccani
Welcome to “Evaluating Your Startup Financial Health,” a four-part series where we dive deep into crucial financial strategies for startups. In this series, we’ll focus on making substantial financial cuts, vigilantly monitoring every dollar, and accelerating Accounts Receivable collections. In this first part, we tackle the critical task of stabilizing your startup’s cash flow. This...
