How does a startup 'close'? - eviltoast

Hypothetically speaking, a startup gets some rounds of investment from VCs, operates for a few years, and run out of runway. What do these final months look like? Do the investors try to get their money back?

  • Lenny@lemmy.worldOP
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    11 months ago

    Oh, it’s sparkling, and I’ve backed up all my proof of awesomeness to show the next job. I’m finally in a place after 25 years of constant employment where I don’t fear unemployment. We’ve been diligent about building a buffer, and I have solid generalist skills and experience in a very popular tech movement.

    We went through an intern phase, and the remaining ones (that are now employees) don’t have the same experience moving between jobs, so my focus is on prepping and guiding them.