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. Over the years, despite massive losses, Netflix was able to bounce back and improve its revenue by 47%. Netflix was founded in 1997 by Reed Hastings and Marc Randolph to combat late fees for video rentals.
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
Perhaps you are caught in the “Series A crunch” or perhaps you are a consumer company and expected that you would be valued on users rather than revenue like the last time. 3/31/2003: 44.6. Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. But they most certainly are not.
Ben's Blog
JULY 16, 2013
Perhaps you are caught in the “Series A crunch” or perhaps you are a consumer company and expected that you would be valued on users rather than revenue like the last time. 3/31/2003: 44.6 Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. But they most certainly are not.
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. Previously, from 1999 to 2001, Seth was a Senior Revenue Accountant for the Veterinary Centers Of America. CPA’s.
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