New ask Hacker News story: Ask HN: My startup is running out of fund. What should I do?
Ask HN: My startup is running out of fund. What should I do?
4 by whentojoin | 7 comments on Hacker News.
My startup is running out of fund soon. We have no revenue and failed to raise external capital. Our product development is almost done, but we need a lot of money to launch our product to market (we are in fintech business). We don't have that amount of money, and it is not even close. So the real question is what to do after the company die? If I keep working on this, the company can stay in zombie mode for years. I honestly think we should shut the company down. My cofounder is telling me if I don't keep working on this startup (using the money out of my cofounder & me's pocket after the company die), then I am being guilty to him, guilty to current investors and guilty to employees, because I am not all in. What are your guys thought?
4 by whentojoin | 7 comments on Hacker News.
My startup is running out of fund soon. We have no revenue and failed to raise external capital. Our product development is almost done, but we need a lot of money to launch our product to market (we are in fintech business). We don't have that amount of money, and it is not even close. So the real question is what to do after the company die? If I keep working on this, the company can stay in zombie mode for years. I honestly think we should shut the company down. My cofounder is telling me if I don't keep working on this startup (using the money out of my cofounder & me's pocket after the company die), then I am being guilty to him, guilty to current investors and guilty to employees, because I am not all in. What are your guys thought?
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