Bankruptcy
topic on 11 shows · 13 statements across 13 episodes
the Y Combinator Startup Podcast 
We Live to Build 
BigDeal 
Lenny's Podcast 
My First Million 
the Paul Morris Podcast 
A Product Market Fit Show 
Capital Allocators 
How I Built This 
All-In 
20VC
13 statements about Bankruptcy, every show
Ries: FTX bankruptcy's Anthropic stake exceeds the entire fraud value
“Apparently the stake that the bankruptcy has of those shares is worth more than the whole, than all of the entire fraud by a lot.”
Braziel: Bankruptcy transforms corporate liabilities into valuable assignable assets
“An asset is a liability and a liability can become an asset in a bankruptcy. And it's so true. And you think about it with a lease, if you have 50 leases and they're all below market, well, the debtor, a debtor can assign, assume or reject leases. So if you're…”
Andrew Rubin: The Difference Between Being Early and Too Early is Bankruptcy
“The difference between being very, very, very, very early in something and being too early in something T O O of course, it's really only one word. And the word is actually not time. It's bankruptcy.”
Sacks: Student debt is the only debt non-dischargeable in bankruptcy
“It's the only kind of debt that you can't get out of through bankruptcy.”
Morris: Investors flipping multiple active developments face extreme bankruptcy risk
“This is when I see people lose big money in real estate, is they're the people that are buying, and developing. They may buy a great you know, a terrible house on a great piece of land. They tear the house down, and now they're in the middle of this great big …”
Sanchez: Fewer than 10% of bankruptcy filers ever become millionaires
“I was looking at the numbers of those that go into bankruptcy, those that ever become a millionaire, the number that I saw was less than 10%.”
Near-bankruptcy forces founders into bad operational trade-offs
“When you are close to bankruptcy, it's for months and months and months. So you don't sleep, you work much harder, you get customers just because they pay faster, not because it's a good deal. So you do bad trade-off.”
Ries: Running out of money and declaring bankruptcy is a venture system feature
“Like, one of the genius things about it is, like, at the end of the day, you do run out of money. The thing, you're forced to declare bankruptcy, that's actually a really positive feature of the system.”
Claure: Nearly Every Startup Founder Has Faced Bankruptcy
“Every single founder has been in the verge of bankruptcy. Very few have not been.”
Josh Friedman: Bankruptcy restructurings reliably trigger aggressive, desperate behavior among participants
“There's usually a reason why a bankruptcy occurred, and someone's going to win and someone's going to lose, and you can expect a certain amount of caged animal behavior from the participants.”
Kaluzny: Distressed retail deals now require pre-bankruptcy credit participation
“We need to have active participation in the distressed credit markets to be able to take control of companies at an earlier stage because they are not being sold in bankruptcies. They're being bought pre-bankruptcy.”
Rice: Creditors negotiate with distressed debtors because liquidation yields zero recovery
“So a lot of times you'll see creditors who will negotiate with the debtor in order to try to reconcile and create an opportunity for that company to stay in business because if someone's owed millions of dollars, That business going into bankruptcy and shuttin…”