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The Fallen Angels Fund

The Fallen Angels Fund rescues stalled venture-backed companies by moving their best assets into a clean AngelCo LLC and applying a disciplined turnaround system to restart growth and profit distributions. By aligning preferred investors, founders, and key stakeholders around a clear recovery path—combining a structured paydown mechanism with shared upside and a portfolio-level backstop—we reduce drift, preserve dignity, and create a practical, win-win way to turn “likely 0x” outcomes into credible returns.

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THE LEARN SYSTEM

The LEARN System™ is Altura’s repeatable recovery playbook for relaunching stalled companies: we Listen to learn what’s truly working and what’s stuck, Envision the simplest high-leverage path forward, Align stakeholders around one executable plan, Relaunch the product and go-to-market with a lean reset, and Navigate the company toward sustainable profitability and distributable cash—so progress is measurable and wins happen along the way.

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Free INITial Consultation

A free initial consultation with Lee Lorenzen is a quick, practical conversation to evaluate whether a company is a good fit for the Fallen Angels Fund and whether the LEARN System™ is the right path forward. Lee and his team will listen to your situation, identify what assets still have leverage, clarify the real bottlenecks (capital, cap table, GTM, cost structure, leadership, or positioning), and outline a clear next-step recovery plan—so you leave with clarity on options, likely outcomes, and whether an AngelCo relaunch makes sense.

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The Five Steps of the LEARN System

A guided journey where your startup can quickly get to profitability.

step 1

L —Listen

We start by listening deeply to learn the real business: what customers buy, why growth stalled, what assets still work (product, IP, data, distribution), and what constraints (runway, team, cap table) must be respected.

step 2

E —Envision

We envision the highest-leverage path forward: the simplest wedge, the clearest positioning, the most defensible pricing and packaging, and the shortest route to Distributable Cash—including what to stop doing immediately.

step 3

A —Align

We align all stakeholders (preferred, founders/common, key employees, partners) around one executable plan and a transparent payout structure—reducing friction, avoiding paralysis, and enabling fast decisions.

step 4

R —Relaunch

We relaunch the business with a reset: tighter scope, leaner costs, sharper GTM, improved onboarding/support, and a release plan that turns existing assets into measurable traction and restartable profit distributions.

step 5

N —Navigate

We navigate the company forward with cadence—iterating product and go-to-market, tracking a few key metrics, and continuously optimizing until the AngelCo becomes sustainably profitable, distribution-ready, and optionally exit-ready.

What is stopping your startup from becoming profitable?

What can we help you avoid?

With Altura’s Fallen Angels Fund™ and the LEARN System™, you can avoid the slow, expensive drift that turns a once-promising startup into a quiet shutdown. Our process helps you sidestep the dead ends of “follow-on limbo,” cap-table paralysis, and endless runway burn by resetting focus, rebuilding the go-to-market, and creating a credible path back to distributable cash. Most importantly, we help you avoid the outcome where everyone loses—preferred gets 0x, founders and employees get wiped out, and valuable assets die on the vine.

What are the benefits of Working with us?

When you work with Altura, you gain more than capital or advice—you gain an operator-led partner who knows how to relaunch stalled companies. The LEARN System™ is built to help stakeholders feel aligned and in control: we listen to diagnose what still works, envision the simplest recovery plan, align incentives, relaunch with a lean reset, and navigate toward sustainable profitability. Clients tell us the biggest change is momentum—clear decisions, real progress, and profit distributions restarting—so success isn’t just survival; it’s a durable recovery with dignity, direction, and upside.