2005 near-bankruptcy of Raising Cane's Chicken Fingers due to Hurricane Katrina and risky funding strategy.

Todd Graves, founder of Raising Cane's Chicken Fingers, faced near bankruptcy due to a risky funding strategy that involved high-interest loans from private investors. This approach nearly collapsed his business when Hurricane Katrina shut down 21 of 28 stores in 2005, but it survived thanks to quick recovery efforts. Now, Graves maintains a debt-to-equity ratio below three dollars to ensure financial stability, emphasizing lessons learned from his past experiences.