Share to Twitter Share to Linkedin Raphaëlle d'Ornano is the Managing Partner + Founder at D'Ornano+Co. , a pioneer in Hybrid Growth Diligence. The full details of the FTX disaster won’t emerge for years. But in a court filing , the new CEO of FTX said he had never seen “such a complete failure of corporate control.” How could investors not know what was going on? The answer is simple: In my opinion, the traditional way of conducting due diligence for early-stage investments made primarily by venture capitalists continued to be used by the “non-traditional investors” (NTIs) who have come to dominate massive late-stage funding rounds in recent years. The participation of these NTIs has been one of the defining aspects of the recent tech funding boom, sending valuations soaring. NTIs are used to investing in public companies and apply a similar skill set when looking at pre-IPO companies. But in the case of FTX, despite the amount at stake … [Read more...] about The Importance Of Due Diligence And Key Takeaways Going Forward
Ntis
Picking Up The Pieces: Reconstructing The Great Workplace Mosaic
Share to Twitter Share to Linkedin Hilary DeCesare is a Transitional Expert & Executive Coach as well as CEO of The ReLaunch Co . One of my team members excitedly reported an undeniable shift in the air in New York City. As she walked along the Hudson Yards area downtown, a new complex of impossibly expensive, mixed-use, ninety-story skyscrapers crowded the pavement—food trucks parked, luxury retail faced out from inside and logos blazed—an endangered species approached. No, it wasn’t the abominable snowman or an albino snow leopard, it was Humanus in Suitus: a young man in his early thirties wearing a tailored dark blue suit and crisp white shirt—no tie and an open collar. Some females of the species displayed the rare three-inch heel—and not a pair of yoga pants or sweats in sight. The “Suits” were back from extinction! And inside the luxury retail space facing the street in the Hudson Yards district, lined up right next to Rolex and … [Read more...] about Picking Up The Pieces: Reconstructing The Great Workplace Mosaic