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The Pros and Cons of Filing Business Bankruptcy

The Startup Magazine

When the court and Chapter 7 Trustee find from the information filed that the business cannot continue to operate and meet its financial obligations, the business’ assets are liquidated for the benefit of its creditors. The business is then discharged of any debt in excess of the value of its assets, and the business ceases operations.

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Startup Fairy Tales and Other Tall Tales That Venture Capitalists Tell

Growthink Blog

The typical wisdom regarding the appropriate financing course for a new company goes as follows: 1. This venture capital financing - usually between $3 and $10 million - is the first of a number of rounds of outside investment over a period of three to five years. Venture capitalists Have Very Different Objectives than Angel Investors.