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In The Media

Bk for startups, is also known as, “ABC”

by Larry Chiang on July 14, 2015

By Larry Chiang

Bankruptcy is also known as “Bk”
For startups, the shutdown is not a normal asset liquidation with re-org. It is Assignment Benefit of Creditors. ABC. It is not to be confused with ABCD…

…ABCD is “American Born Chinese Dog” = Shih Tzu.
Larry Chiang (@LarryChiang)
“VCs had left it for dead and the BK lawyers had a pre-pack ABC cued. An ABC is ‘assignment benefit of creditors'”…
Industry lingo for Bankruptcy via Assignment Benefit of Creditors. See chris @a16z’s “ABC” tweets by “summize searching in $twttr
American Born Chinese

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