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...
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...
When it comes to winding down your startup, understanding the associated costs is crucial for an orderly and compliant closure. The expenses can vary greatly depending on the method chosen – Bankruptcy, Assignment for the Benefit of Creditors (ABC), or a direct Wind-Down. Let’s dive into what these processes entail and the likely costs involved....
The Critical Role of a Chief Restructuring Officer in Startup Wind-Downs
January 3, 2024by Mike Cronin
In the rollercoaster world of startups, encountering unforeseen challenges that threaten the company’s existence is not uncommon. When such crises loom, enlisting a Chief Restructuring Officer (CRO) becomes not just a choice but a necessity. However, the role of a CRO is multifaceted, varying significantly based on whether they’re tasked with a company turnaround or...
