Maren Kate Regrets Shutting Down Zirtual Instead of Pitching a Down Round
Maren Kate · Episode 486 | The Shocking Collapse of Zirtual and Maren Kate’s Next Act (plus How to Hire Well) · Mar 3, 2020 · at 17:12
Maren Kate, founder of virtual assistant company Zirtual, reflects on the decision in 2015 to abruptly shut down instead of attempting a down-round restructuring.
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“So you look back and if I had it to do over, I would tell the guy who gave me that suggestion that that was the stupidest thing I've ever heard. I would have spent that week. I probably still would have had to lay most people off, but I would have spent that week actually going around to a bunch of different firms saying, here's our numbers. Here's our business. Like, let's do a down round and we're going to fix the company and focus on business.”
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