Silicon Valley Business School
New Board of Directors (Cold Restart-AT)
A Step in a Management Maneuver in the Mezzanine Stage of Startup Development

Appointing a new board of directors is a step in the process of restarting the business. The Cold Restart With Asset Transfer involves closing down the old Company, starting a new one and is designed to boost momentum by shedding excess baggage. This maneuver is often executed by investors or lenders to the old Company that have a lien, or ownership rights, to the old Company's assets.

Jump to Related Sections of the Zero-to-IPO Book:

SVBS Learning Materials Related to this Milestone ~ From SVBS Online Courses:

Maneuvers Involving this Milestone: