“We organized the inventory, sold it to our employees, sold it to our customers at a discount. We raised quite a bit of cash that way”
RA
Rich Ashton
Your Business Growth Podcast ·
“We could do discounts and generate cash from our inventory… we pivoted to leverage the assets we had, which were inventory to generate cash.”
Heidi Robinson · Run the Numbers · Inside the Food52 Bankruptcy | Heidi Robinson
Play from 8:47
8:47
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What was described
Pivoted to liquidate inventory at discount to generate cash and extend runway
Said nearby on the same subject
“I’m going to discount 20, I’m going to have 20% in highly liquid cash or treasuries…so that if the smartest people are wrong…I still have that amount of flexibility”
♫
Said on How I Invest with David Weisburd
“We're getting 150 basis points above the cash rate… taking no risk and having complete liquidity.”
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Said on The Rules of Investing
“I've got $260,000 in cash and ARR... if I close this round at my current terms, I'd be diluted at about 20%... it will give me runway through the end of the year.”
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Said on The Pitch
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