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?

  • Baku@aussie.zone
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    11 months ago

    I feel bad for the people who’ve worked at companies like that. Obviously the “morally correct” option is to quit as soon as you find out what you’ve been “working on” is fake, but I imagine not everyone would have that choice, particularly the low level peeps. I feel like you’d probably end up having to write off the experience entirely and exclude it from your resume or fudge the dates or something to have much luck of getting hired elsewhere