11 Lessons From Startup Chapter 11s
CB Insights
JUNE 6, 2019
On the other, you have companies like Earth Class Mail, which despite its large user base went bankrupt during the 2007-08 financial crisis, only to reinvent itself and flourish under new ownership more than a decade later. By February 2014, Quirky had just $50M left in the bank and was burning through almost $6M per month.
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