Most startups experiments don’t grow up into real companies.
Many startups fail outright, especially when they took on “Go Big or Go Home” VC funding. Most of those go home.
Dori Yona is co-founder and CEO of SimpleClosure, a technology- and people-powered company that helps founders wind down and dissolve a startup or business that is no longer viable.
Shutting down a business can be complicated, costly, and risky for founders. SimpleClosure manages the unique processes with automation and expert support.
SimpleClosure has helped tech startup founders wind down over 500 businesses that closed or have gone through a sale of assets.
It helps founders manages the important steps of a wind-down, including legal, regulatory, employees, investors, intellectual property, customers, data, and more.
Dori knows shutting down your startup baby is always painful for founders.
But the key is to get through this process quickly and back to your next adventure:
“The biggest thing for software startup founders and CEOs is to move fast. Your time is your biggest resource in life as an entrepreneur, whether you’re venture-backed or bootstrapping. You’re spending your time, you’re spending your energy, you’re spending the best years of your career.
“So move fast, learn fast, test fast, iterate quickly, grow fast, fail fast. Ultimately, when you’re building your own business, you’re sacrificing an easy, convenient, cushy job anywhere else to take this risk.
“The faster you can grow, learn, build, and fail, the better. It’s ultimately to your advantage to make the most of your time. Our time is our most expensive resource.”
In this week’s interview, Dori shares the key considerations for SaaS founders who have run out of VC funding or need to shut down their companies for other reasons.
Check out this insightful interview with Dori Yona on the Practical Founders Podcast.
