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...
Stragetic Buyer Beware Part 2: How to Avoid the Strategic Investor String-Along
November 7, 2023by Dan Saccani
In our first post, Strategic Buyer: Beware, our startup founder, Margaux, realized a strategic investor initially showing enthusiasm to invest in her startup used a string along tactic to buy her startup for pennies on the dollar. What are some steps Margaux could have taken to avoid a tragic outcome? Tips for Avoiding a Strategic...
Strategic Buyer: Beware
October 30, 2023by Dan Saccani
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...
Startup Wind-Down Key Terms
October 29, 2023by Dan Saccani
At Ravix Group, we understand shutting down your start-up can be confusing, challenging, disheartening, and emotional. Here are key terms to help you better understand a vernacular you hoped never to have to know: Assignment to the Benefit of Creditors (ABC): A state law insolvency proceeding wherein a company voluntarily transfers its assets to a...
What is an Assignment for the Benefit of Creditors (ABC)? An Assignment for the Benefit of Creditors (ABC) is a state law insolvency proceeding wherein a company, realizing it cannot continue its operations and meet its financial obligations, voluntarily transfers all its assets to a third-party assignee. The assignee then takes responsibility for liquidating the...
How a VC-Backed Software Company in $18m of Debt Liquidated and Paid Back Creditors
October 25, 2023by Mike Cronin
From the Desk of Dr. Doom, Chief Restructuring Officer: Trigger Warnings: Uncontrollable engineer spend In a world where startups rise and fall at the drop of a hat, my reputation preceded me. They called me Dr. Doom, not because I brought the end, but because I could discern when it was inevitable and how to...
From the Desk of Dr. Doom, Chief Restructuring Officer: Trigger Warnings: Miscalculated Revenue In the heart of Silicon Valley, where million-dollar deals were made over a cup of artisanal coffee and a maple bacon donut, yet 90% of companies fail, I was a beacon of hope and despair. They called me Dr. Doom, the Chief...
How A Venture-Backed Software Company Wiped Out $3.1 Million in Secured Debt
October 23, 2023by Mike Cronin
From the Desk of Dr. Doom, Chief Restructuring Officer: Trigger Warnings: Disgruntled Employee Silicon Valley, 2017. A land of dreams, where some soared high while others plummeted. For over a decade, I’d made my mark not in crafting dreams but in closing their chapters, wearing the title of Chief Restructuring Officer with a mix of...
