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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Preparing To Shut Down a Startup
Description: Preparing To Shut Down a Startup Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Sometimes the startup you launched does not make it and must be shut down. In shutting down a startup take the following steps: Give an early warning signal to the employees. Let them know what is happening such as we’re raising additional funding. Give them a few month's notice but make clear if things don’t turn around a shutdown may ensue. When it becomes clear a shutdown is going to happen, then set...