On July 1, 2024, California small businesses must comply with a new law that affects employers with 10 or more on-site employees. As an HR specialist in Silicon Valley with clients all over California, I wanted to ensure I inform Ravix clients and any other startups who need to comply. Here’s what the Workplace Violence...
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 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...
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...
As the competitive landscape of business intensifies, the Chief Financial Officer (CFO) role has evolved from managing numbers to playing a crucial role in strategic decision-making. One of the critical areas where CFOs make significant contributions is in assessing whether a company’s products or services are achieving product-market fit (PMF). Product-market fit occurs when a...
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...
Taylor received a call from her board, “We’ve got bad news. You’re going to need to shut down your startup” Her heart sank, and her stomach tied in knots. She knew this was coming but hoped she had a few months left. “We’ve got a couple of numbers for you to call. Pick a wind-down...
