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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Shutting Down a Startup
Description: Shutting Down a Startup Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Not all startups succeed. For those that don’t, there may come a time to shut it down. Here are some key points to consider in shutting down a startup: Before announcing the shutdown collect all accounts receivables. Sell any inventory left on hand. Notify investors first so they are aware. Notify employees and their last pay date. Notify your customers with the transition to a new service or program. Liquidate all assets. Pay off outstanding de...