[999900000999]

Honestly you should just be straight up with your team.

Tell them we're out of money and they need to find new jobs. I can't imagine you getting a sell done within 2 months.

Be an adult, shake everyone's hand and apologize. This is the startup life, we all know what we're signing up for.

That said, your investors might prefer you asking for more money while you try to sort out a sale vs just going out of business. This is very complicated, I'd talk it over with a professional of some sort.

For the love of God, communicate with your team on this. Give them a few weeks to find jobs.

[MagnitudeFC]

Yes I've been very transparent with the team - everyone knows our cash zero day and knows that I am looking for a soft landing.

[999900000999]

Then your one of the good bosses. Usually employees are left in the dark. I wasn't even upset when one of my companies shut down, but we'd been losing money for a while and their wasn't any real warning.

Good luck.