Ask HN: 2 weeks to save the business you spent 4 years on
https://news.ycombinator.com/item?id=9528603We have just lost our biggest client who represented 50% of our business and have now found ourselves in a position where we have 2 weeks to save the business we have spent the last 4 years working on.
The business has $193k of assets (hardware, depreciated value) but we need about 60% ($115k) of this value which can be secured against the assets but don't know where to turn.
This has been rather unexpected and therefore we are not ready with financials and presentations for investors or the bank.
If we can replace this business over the course of 1 year, our projection shows $600k in the bank by May 2016.
We need to find investors who have some tech resource so that they would consider an investment based on security of the assets alone. The hardware itself is what generates the income.