A Failing Startup? 5 Best Practices

3 min read

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…...

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Amit Garg I have been in Silicon Valley for 20 years -- at Samsung NEXT Ventures, running my own startup (as of May 2019 a series D that has raised $120M and valued at $450M), at Norwest Ventures, and doing product and analytics at Google. My academic training is BS in computer science and MS in biomedical informatics, both from Stanford, and MBA from Harvard. I speak natively 3 languages, live carbon-neutral, am a 70.3 Ironman finisher, and have built a hospital in rural India serving 100,000 people.