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How to deal with failing startups + Team Wildfire CEO Steve Wolf on "Hurricane-as-a-Service" | E1563
This Week in Startups
Is There an Opportunity for VCS to Come In?
If you're going to reboot the whole thing, go to an incubator. Clean the cap table up. Give your existing investors 20 %. Tell them the only offer you coun get was to go to this accelerator and get a hundred, 50 k to keep the company alive. The two founders are takin ramin. They're taken three k a month,. four k a month, fivek a month, drawthe absolute minimum. Now, if you see, the founders are taking 200 k a year, and they're just running the company into the ground. Y lie, asistant gals are not taking it seriously. And that does happen sometimes. When somebody stuts getting shark
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