There’s an old saying, “Cash is King“. In the dynamic world of startups, while product innovation often steals the limelight, the real unsung hero in the narrative of sustainable growth is effective cash flow management. As a startup founder, understanding and managing your cash flow is not just a financial practice; it’s a strategic imperative,...
As we approach 2024, many startup founders find themselves gazing nervously at a horizon clouded with economic uncertainty. If you’re one of those founders with only a year of runway left, the anxiety is understandable. As a CFO who has weathered the storms of both the 2000 dot-com bubble and the 2008 financial crisis, I’ve...
If you’re at the helm of a startup and hiring, onboarding, and managing (and sometimes choppy)1099s, this blog is for you. Today, let’s talk about a not-so-fun, but super-important topic: 1099 audit triggers 📑🧐. Understanding 1099s: The Basics First things first, a 1099 form is what you use to report income paid to a contractor...
As a Chief Restructuring Officer recently focused on turnarounds, I’ve worked with numerous startups grappling with the challenge of achieving and demonstrating product-market fit (PMF) to investors. For a struggling startup founder, this can seem like a daunting task. However, with the right approach and metrics, you can achieve PMF and effectively communicate this success...
As a Chief Restructuring Officer speaking directly to seed or Series A startup founders, let’s delve into a topic that should be at the forefront of your strategic planning: Product-Market Fit (PMF). In the startup world, PMF isn’t just a concept—it’s the indicator that your startup should scale and is the beginning of your next...
So, you’re thinking about bringing on interns? That’s great! Interns can inject some fresh energy and ideas into your startup. But there’s a lot to unpack about the intern game, especially around the myth of the ‘unpaid intern.’ Google “unpaid internship,” and most websites that pop up are law firms – ready to sue companies...
Embarking on the wind-down phase of a startup is a challenging moment. It’s a time when decisions made can significantly impact the final outcome for all stakeholders involved. Recognizing this, Ravix Group’s upcoming tool, A Guide to Interviewing and Hiring a Chief Restructuring Officer for a Wind-Down, is designed to assist founders in selecting the...
In April 2009, amidst the echoes of an explosive financial crisis that left shrapnel over every industry, I found myself giving a presentation alongside Silicon Valley Bank and Lightspeed Ventures, delving into the stark reality of the times: the exorbitant cost of capital. Fast forward to today, and we’re seeing a headline that Spotify reduced...
In 2008, the world changed in an instant. The markets fell, homeowners were left in the dust, banks disappeared, and startups faced a terrible future of very little capital. Today, startups are looking at some of these same challenges – capital is expensive, consumers are facing massive inflation, and fundraising is hard to come by....
As a startup founder, you’re constantly fundraising, deciding which bills to pay – and if you should even pay yourself. You spend countless hours building a startup only to chase the dream with little result – how do you stop the cycle of never having enough cash? Can you turnaround? Or should you wind-down? Here...
