A venture capital company funded a public company to
acquire an Internet Service Provider with the intent to consolidate many small ISP's. The
initial acquisition was located in Seattle, Washington. We were retained
by the public company to negotiate a reduction of accounts payable with the
acquired company's vendors and to be the resident manager of cash flow during
the contract period. Using a combination of payment options, we
negotiated a 50% reduction of $1.0 million of payables.
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