Monday, July 23, 2018

Here’s what happens when startups go wrong

Article by Scott Kirsner

Read more in the Boston Globe

When things start going south at a startup, no one wants to talk about it.

The stream of self-congratulatory press releases and social media messages dries up, and executives suddenly stop replying to interview requests. Laid-off employees have typically been asked to sign nondisparagement agreements, so they clam up, too.

Those reasons combine to make it tough to write about the most challenging stage of a startup’s existence: when it has burned through its bankroll, and will either die, get acquired by another company, or figure out some way to survive.

[Cue Gloria Gaynor]

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