Closing Time Podcast: When and How to Wind Down Your Startup

The majority of startups fail, but we don’t talk enough about how to conduct an orderly wind-down. In episode 16, hosts Halle Tecco and Michael Esquivel tackle the challenging decision of when and how a founder should wind down their startup (yes— there’s a right way to do it).

They delve into legal responsibilities under Delaware and California law, key strategies for an orderly wind-down, and setting yourself up for success next time.

They discuss:

• Legal and moral obligations when winding down a digital health company, particularly regarding employee wages and benefits.
• How transparency and professionalism are crucial when winding down a company to maintain relationships and build credibility for future ventures.
• Sharing postmortems and lessons learned can help other founders and contribute to the improvement of the digital health industry.
• Opportunities for roll-ups and consolidation exist in the digital health space, and why founders should consider collaboration and partnerships to continue their work.

Co-hosted by Halle Tecco and Michael Esquivel, Closing Time is a podcast where you, the listener, get to be a fly on the wall during a startup pitch meeting. Imagine being part of a room where passionate entrepreneurs are pitching their healthcare startups, the innovations that could very well shape the future of healthcare. This podcast allows you to do just that.