- This file was automatically generated by VIMEO 0 00:00:00.500 --> 00:00:03.900 CEO Mark radek of nula announced that nulla is 1 00:00:03.900 --> 00:00:06.200 winding down and let go of its team at the 2 00:00:06.200 --> 00:00:09.300 end of September and the company is selling off all 3 00:00:09.300 --> 00:00:12.400 of its assets. It is at a Runway did not 4 00:00:12.400 --> 00:00:15.100 secure a series a many of you who are wondering who 5 00:00:15.100 --> 00:00:15.700 is nula. 6 00:00:16.200 --> 00:00:19.800 Johnny Yodi said it it is formerly BFS Capital 7 00:00:19.800 --> 00:00:22.500 BFS Capital was one of the oldest 8 00:00:22.500 --> 00:00:25.700 MCA funders in the industry by a long 9 00:00:25.700 --> 00:00:28.100 shot. They then rebranded and pivoted the Business 10 00:00:28.100 --> 00:00:31.800 by trying to become a tech company wanted a new CEO made 11 00:00:31.800 --> 00:00:34.300 a shiny app and all in one solution that 12 00:00:34.300 --> 00:00:37.400 Johnny was talking about. Apparently they were working on a 13 00:00:37.400 --> 00:00:40.100 series a I didn't I didn't know that I didn't realize that they were up 14 00:00:40.100 --> 00:00:43.200 against some pressure to go out and raise money for what they 15 00:00:43.200 --> 00:00:46.500 were creating. All I saw was a lot of a lot of the press about all 16 00:00:46.500 --> 00:00:49.300 their accomplishments and achievements and you know, I thought it looked pretty interesting 17 00:00:49.300 --> 00:00:52.200 a lot of Integrations and then all of a sudden out of 18 00:00:52.200 --> 00:00:55.100 nowhere for an outsider like us and for everyone else they're like 19 00:00:55.800 --> 00:00:58.200 That's it. We're done and it's 20 00:00:58.200 --> 00:01:02.000 interesting because if you read the articles from you know, what the lat 21 00:01:01.100 --> 00:01:04.600 from last year specifically it seemed very promising 22 00:01:04.600 --> 00:01:08.000 it seemed you know, the CEO. He specifically said 23 00:01:07.400 --> 00:01:10.800 to us it's like, you know, this is gonna be a One 24 00:01:10.800 --> 00:01:13.500 Stop Shop depending on what you're looking for, whether it's like Insurance whether 25 00:01:13.500 --> 00:01:16.200 it's like a big loan whether 26 00:01:16.200 --> 00:01:20.100 you know, it's just you can pretty much manage everything in one 27 00:01:19.100 --> 00:01:22.800 spot and that sounds shiny and 28 00:01:22.800 --> 00:01:25.200 awesome. You know, it's like yeah, like if your business owner and you 29 00:01:25.200 --> 00:01:28.200 want to do business with them, everything can be done just like One Stop 30 00:01:28.200 --> 00:01:31.700 Shop, but unfortunately, they they're whining 31 00:01:31.700 --> 00:01:34.200 down. So, yeah, they were not able to raise 32 00:01:34.200 --> 00:01:37.300 the money to continue carrying out their plans. I don't 33 00:01:37.300 --> 00:01:40.200 know if they had all their eggs in one basket with pursuing one option for 34 00:01:40.200 --> 00:01:43.200 a long period of time and it was just too late to try and secure something 35 00:01:43.200 --> 00:01:43.400 else. 36 00:01:44.100 --> 00:01:47.300 I don't know any of the intricate details of what led to 37 00:01:47.300 --> 00:01:50.400 the the need to just Abandon 38 00:01:50.400 --> 00:01:53.400 Ship but it seemed like they were essentially out of 39 00:01:53.400 --> 00:01:57.300 cash at that point didn't really have any other choice and so they are 40 00:01:56.300 --> 00:01:59.400 selling off their assets. So if you 41 00:01:59.400 --> 00:02:02.700 want part of I guess the old Legacy BFS capital 42 00:02:02.700 --> 00:02:05.300 or nula or whatever. I'm not I'm not entirely sure 43 00:02:05.300 --> 00:02:08.300 what's included so don't quote me on any of it. But things are for sale 44 00:02:08.300 --> 00:02:11.700 you want what new has had the fs 45 00:02:11.700 --> 00:02:14.200 capital? I don't know if that's included give them a call. It seems 46 00:02:14.200 --> 00:02:17.100 like they're looking for buyers for their stuff. If you 47 00:02:17.100 --> 00:02:20.700 work in a small business finance industry. You're a big player. Hey, maybe 48 00:02:20.700 --> 00:02:22.400 they have something that you're interested in. Yeah.