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It’s a sad fact of life that few start-ups make it for the long haul. The main reason is usually that they run out of cash. Applies to established businesses too, of course.
However, one entrepreneur is taking a unique approach to try to save his business. He’s James Jenkins-Yates, founder and CEO of London-based Airbnb host management services platform, Houst (formerly Airsorted). Jenkins-Yates announced yesterday that Houst has reached agreement on a Court-sanctioned Restructuring Plan, apparently the first SME to pursue this path.
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Posted by: Anthony Miller at 09:27
Tags: funding startup
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