Entries tagged with “workout”

Second order effects of the recession

Posted by Dave Broadwin on March 10, 2009
Dan Frommer of Silicon Alley has noteworthy a post on start ups merging with each other.  It can't make sense for many start ups to merge with each other.  They are already stretched just keeping themselves going and executing on their own plans.  So, they are unlikely to have the bandwidth to take on a second project.  Hence there will be few synergies and fewer savings.  Unless the two start ups are more fundable when put together than they are apart, something is going to get mothballed.  This strategy suggests that one (maybe both) parties can't find a buyer, even... More

When You Find Yourself in a Workout Situation

Posted by Dave Broadwin on December 01, 2008
I spoke with Peter Alcock, a long standing client and friend, the other day about the issue that keeps coming up with respect to personal liability, personal guarantees and the like. Peter is particularly well situated to address these issues because in past lives he has had to deal with these issues both as a consultant and as an entrepreneur. Fortunately, in his current life as CEO and owner of Beckwood Services, he doesn’t have to worry about these types of issues. Anyway, I asked Peter if he had only a few pieces of advice to give to an entrepreneur who found himself... More
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