Hearpreneur
SEPTEMBER 9, 2022
The company didn’t turn a profit until 2003, but by 2005 business was booming – Netflix was shipping out a million DVDs daily. Before Jobs returned to the business in 1997, its sales, and popularity all steadily declined for 12 years, nearly driving it into bankruptcy. #4- Netflix. Photo Credit: Jen Wan. 8- Failing at my own business.
YoungUpstarts
JUNE 28, 2012
Considering how incredibly popular Harley-Davidson is today, it’s hard to believe that the motorcycle company was ever on the verge of bankruptcy, but it’s true. Harley-Davidson experienced near-bankruptcy from 1969 to 1981 when the American Machine and Foundry (AMF) bought the company and turned it upside down. Harley-Davidson.
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Ben's Blog
JULY 16, 2013
3/31/2003: 44.6. Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. Make sure that you figure out what kind of deal is better than bankruptcy and be sure to communicate to both your existing and potential new investors what you think makes sense. 3/29/1996: 22.3.
Gust
NOVEMBER 23, 2011
Mainstays of user-generated content (UGC) such as YouTube, MySpace and Facebook would have been sued into bankruptcy within days if they were held to traditional standards of liability as publishers of their users’ content. (See Facebook, which did not exist in 2003, is now valued at nearly $100 billion.
Both Sides of the Table
AUGUST 29, 2012
They recently exited their investment in Gaikai for $380 million while their rival OnLive (who had raised > $200 million) just went through bankruptcy. 33:15 Have you noticed a change from 2003 to now in the “serendipity factor” of Santa Monica? Not bad, hey? Both companies were in Los Angeles.
Ben's Blog
JULY 16, 2013
3/31/2003: 44.6 Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. Make sure that you figure out what kind of deal is better than bankruptcy and be sure to communicate to both your existing and potential new investors what you think makes sense. 3/29/1996: 22.3 3/31/1997: 23.3
Mike Michalowicz
OCTOBER 19, 2015
Prior to starting his own firm in 2003, Seth worked at Biggs & Co., An accounting firm based in Santa Monica, CA, specializing in bankruptcy, from 2001 to 2003. Prior to starting his own firm in 2003, Seth worked at Biggs & Co., Seth graduated from Pace University in 1996 with a bachelor’s degree in Accounting.
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