How To Know When to Pull The Plug on Your Startup | Dose 052

Описание: When to close a startup? Answer this tough question with our decision-making framework.
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When should I shut down my startup? Knowing when to shut down a startup is one of the more difficult questions to answer as a founder. When you believe in your vision, but the market is not giving you the signal you’re expecting, the go/no-go decision of pressing on or moving on is not an easy analysis to approach pragmatically. What if my startup fails? What happens when a startup fails? If your startup is on the fence, thoughts like these are likely on your mind. In this Dose, Managing Partner Steve Barsh presents a framework founders can use to assess when to shut down startup companies. It will help you answer key related questions like how do I know it's time to shut down my startup? When to give up and shut down your startup? When should a founder close down a startup? How to know when to quit your startup? If this go/no-go decision is on your mind, you’ll leave this video with a better understanding to answer how do I know when to shut down my startup? Before pulling the trigger, make sure you get this startup advice: when to shut it down? If you don’t know what to look for, or what signals determine your conclusion, you’re simply not making data-driven decisions and need to remove that ambiguity from your process. That’s how to know when it is time to close startup ventures in a short 5-minute Dreamit Dose!

0:00 - Intro
0:41 - What does shutting down look like?
1:38 - #1 | Pivoted Multiple Times
1:56 - #2 | You’re Out of Cash & Unable to Raise
2:38 - #3 | No Customer Traction
2:59 - #4 | No Acquisition Interest
3:28 - Emotional Burden & Opportunity Cost
5:44 - Takeaways
6:24 - Outro