It’s easy to start a startup. But it’s far more difficult to shut one down.
An estimated 90% of all startups fail, so there is no question that the problem is a widespread one. Yet the process to wind down a company is largely manual and bureaucratic.
That’s something three-time founder Dori Yona realized when building his last company and was tasked by a board member to create a “shutdown analysis.” But to even get to that realization took a while.
“I went from one lawyer to another, accountant to accountant, the internet — it’s almost a taboo …
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