Episode description
In today’s Startup Therapy Podcast, Wil and Ryan talk about what happens when funding is scarce. Will you seek another investor? Will you go on a fire sale? What other options do you have left? In the world of Startups and the struggles of keeping your business running, the fight is for you not to win. It’s more of a fight for you not to lose!
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
- Startup Therapy Podcast
- https://www.startups.com/begin
- Join our Network of Top Founders
- Send an email to therapy@startups.com
What to Listen For
- 00:00 Intro
- 00:33 What do we do when no one wants to give us money
- 02:04 Is there a heads up when you’re not getting additional funding?
- 10:33 First, admit that you’re f*cked
- 16:00 Next, you go on a fire sale
- 22:13 Investors won’t get their money back but they wont lose more
- 25:51 What are your remaining options?
- 28:32 We’re playing not to win, but not to lose