What Happens After The Death of a Startup?
The last server shuts down and the final email newsletter is sent to your entire mailing list letting them know that they’ve been great but that things aren’t going to work out. That it isn’t them, that it’s you. You’re just not ready for that kind of commitment and so you’ll be bidding them adieu and wishing them luck on their ventures.
That’s where the typical startup story ends for most first time founders, myself included. When you first began working on your company, you were filled with hope and a grand vision of the future. But 3 years later, those wells of inspiration have all but dried up and your new vision involves maintaining whatever semblance of a life you have left before it’s too late.
Most people these days tend to talk about the grandiose success that can potentially come with creating a startup. Very few talk about the results of having to shut one down. I think that story is equally as valid and worthy of being discussed. So here’s my personal experience in dealing with the many events that transpired when I had to shut down my startup a few years ago.
The first and most important thing that needs to happen after you decide to shut down your company, is the actual tearing apart of the components that make it up. Most people think that this involves a hardy handshake with your business partners and…
