Zeev: Founders should shut down failing startups before running completely dry
Oren Zeev · Oren Zeev: How I Raised $1 BILLION in 12 Months | 20VC #888 · 20VC with Harry Stebbings · May 24, 2022 · at 16:18
Oren Zeev, founding partner at Zeev Ventures, shares his perspective on why attempting to stretch a failing startup's life to the last drop of capital destroys dignity and creates unnecessary fallout.
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“If you decide to give up a month or two too late, the agony And the lack of dignity. And the pain is like 10 times, you know, when you decide to stop in time, you have enough time to do it in an organized fashion, to make sure that everyone is taken care of, to maybe even have a chance to find soft landing for the employees. You run it a month too, too long, and then you owe money here, and you owe money there, and this people, this, the employees are livid with you, and other people livid with you, and Just not worth it.”
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