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by hynahmwxsbyb
4339 days ago
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I'm a founder, and I get the sense that you're supposed to go down with the ship. Which likely means going into debt and declaring bankruptcy. If you're not the CEO it's probably easier to leave quietly, but make sure you give up most--if not all of your shares. If you're the lynchpin and you leave then it may haunt you. Future VCs are going to want to see that you can deal with adversity. Fail fast is only an option if you haven't taken external capital. If you have, the expectation is to swim until you hit land or drown. |
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