Requiem for a Startup

David Johnson moderates Beryl Elites Panel on startup distress, board risk, and value preservation.

Key Takeaways

Alternatives to Chapter 11 and Chapter 7

ABC processes offer private, cost-effective alternatives to bankruptcy that maximize asset recovery while avoiding public filings and court complexity.

Liquidity as the critical survival metric

Silicon Valley Bank monitors cash runway closely, transferring companies to advisory services at 90 days of liquidity—a major metric that determines business survival.

Independent directors in crisis situations

Independent directors establish stakeholder confidence, assess talent, and quickly determine if internal turnaround is viable or asset sale is necessary.

AI tools accelerating distressed diligence

AI contract analysis completes in 15 minutes what previously required teams of attorneys, enabling faster decisions in time-sensitive situations.

Inside the Conversation

This panel went beyond theory to address what boards and executives actually face in distressed situations. Panelists shared firsthand experience navigating complex wind-downs, asset sales, operating restructures, and fiduciary obligations—often under intense time constraints.

Topics included how boards can act decisively while protecting stakeholders, when to consider non-bankruptcy solutions, and how proactive planning can dramatically change outcomes.

Get The Full Guide

2026 Distressed-Investing Guide

Moderated By

DJ

David Johnson, CFA

Principal

25+ years in distressed world. Expert in crisis management, insolvency, and maximizing recovery for creditors. Overseen 200+ company liquidations and refinancings.