My client was a unicorn way back in 2008, before the present day meaning of the word was repurposed to mean private companies valued at more than $1 billion. Last time I checked, the company was worth about $10 million, a stunning loss of 99% of the company’s value. Here’s how the company’s 12 step ascent and descent went: …
Just a few weeks before Christmas, I was a volunteer at a holiday party for underprivileged children. Underprivileged isn’t my word. To get to the party they had to be identified as ‘at risk’ by their teachers. I was helping my friend Carol who had been a volunteer at the event for several years and …
With his high profile arrest and perp walk this morning, Martin Shkreli has a massive public relations problem on his hands. As the photo demonstrates, the full force of the law is lined up against him. Mr. Shkreli is the hedge fund manager turned pharmaceutical entrepreneur who provoked outrage when his Turing Pharmaceuticals increased the …
Sadly, most investors don’t read business plans. However, writing one is the only way you will be able to answer the following 50 questions you will be asked before investors show up to the closing table. 1. What is the price of your product or service and why? 2. How much capital is required to execute …