When and How to Wind Down Your Startup

Last week on Closing Time we talked about M&A in digital health, how we saw 23% YoY dip in 2023, and what’s in store for 2024. Today we’re going to talk about another type of ending for a company, and that’s a wind down.The majority of startups fail, but we don’t talk enough about how to conduct an orderly wind-down. In this episode, we tackle the challenging decision of when and how a founder should wind down their startup (yes— there’s a right way to do it). We delve into legal responsibilities under Delaware and California law, key strategies for an orderly wind-down, and setting yourself up for success next time.