We often talk about what to do for your startup to succeed. But what to do when you have to call it a day? This post is focused on 5 best practices for winding down your business. Path #1: Acquirer A typical fundraise takes 3 months and having an extra 3 month buffer is a good idea. So if you are within 6 months of running out of cash and have reasonable doubts about being able to raise, M&A should be top of mind. Chances are your investors will bring this up, perhaps in 1/1 conversations especially if you are…...
A Failing Startup? 5 Best Practices
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