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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?
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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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