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...

Dr. Doom Turnaround Wind-Down

An Artisan Chair Company Faces a Crash: Will Dr. Doom Turnaround or Wind-Down?

January 18, 2024by Mitchell Guzik

As Dr. Doom, a Chief Restructuring Officer, I’ve faced many challenges, but the case of this chair company was particularly intriguing. The founder, an eccentric and brilliant architect, had combined his passion for design with the unparalleled craftsmanship of Amish artisans. Yet, his pursuit of perfection was leading the company to financial peril. It was...

Turnaround

I’m Profitable but Have No Cash, Help!

January 16, 2024by Dan Saccani

Early in my career, I was lucky enough to experience the rise of the PC in Silicon Valley. I worked for a company called Optimal Communications, a phone company being launched with the likes of The Macintosh. At the time, Kleiner Perkins and IVP had invested, eager to join the PC race. On the finance...