Managing the Tough Choices Facing Tech Start-ups
In a world where securing follow-on venture capital financing has never been more challenging, executives and boards of venture capital backed companies face difficult choices as the cash dwindles. It is not uncommon, even in cases where fund-raising is ultimately successful, that developing companies at some point are faced with and must navigate insolvency and all that it entails.
We have dealt with distressed companies through multiple cycles over the past 20+ years and are sure of one thing: even if you never have to liquidate and wind down a company, it is best to understand the issues associated with such a potentiality before they progress too far. So, with the help of Cooley Godward Kronish, we created a primer for executives and investors regarding legal, strategic, and operational issues facing distressed technology companies. We periodically offer that primer in a seminar/webinar, and our next one is scheduled for May 12. We hope you can join us.
Rich Brenner is Founder and CEO of The Brenner Group, one of Silicon Valley’s premier professional services firms. Rich is a veteran executive, entrepreneur, investor, board member, and philanthropist.
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