Startup Wind Downs: How to Come Out on Top

Startup Wind Downs: How to Come Out on Top

Author: Burkland January 30, 2024 Duration: 28:17
Startup wind downs are not something founders usually think about until there is no other option. But for founders who find themselves in that position, juggling all the elements of a wind down (aka going out of business) can be tricky both logistically and psychologically. However, if you approach it the right way, there can be positive legal and financial implications.

In his role of VP at Sherwood Partners, Andrew Kitirattragarn, helps founders navigate the best possible route through the wind down journey. He was inspired to do this work after going through a difficult wind down himself at the CPG startup he co-founded, Dang Foods. Andrew has learned that if the wind down is done well, a founding team can gain a sense of closure (and not failure) at the end of the process.

Andrew emphasizes that doing even just a small amount of advance planning when your startup is not in immediate financial distress, can alleviate the risk of having to act hastily or haphazardly if the worst happens.

He shares valuable insights on:
  • Why planning for a wind down at 12 months left of cash runway is key
  • The empowering and positive aspects to the process that can leave in you a stronger financial position
  • How preparing for the worst case scenario can reduce your concerns
  • Support & resources to help you come out the other side ready for the next big thing!

This is a much-needed conversation that we hope gets the ball rolling for important talks with your team!
—----
Stay connected with our host, Kate Adams, here on LinkedIn!

Tuning into Startup Success: A Podcast for Founders & Investors feels less like attending a formal lecture and more like pulling up a chair in a room full of people who have actually built and funded companies. Hosted by the team at Burkland, the conversations here move beyond theory to focus on the tangible, often messy, realities of scaling a business. You’ll find episodes that feel timely, addressing the specific challenges and opportunities that founders and investors are navigating right now. The dialogue is driven by guests who have lived it-founders recounting pivotal moments from their journey and investors explaining the nuances behind their decisions. This isn't about generic advice; it's about the operational details that make or break growth. Each discussion naturally narrows in on a single, critical pressure point, whether that's untangling a complex financing round, refining a go-to-market strategy, or building a culture that can withstand rapid hiring. The value of this podcast lies in its specificity and the credibility of the voices featured. It serves as a practical resource for anyone actively involved in the lifecycle of a startup, offering perspectives that are immediately applicable to your own work. By focusing on real stories and current trends, the series provides a grounded, actionable look at what genuine progress requires from both sides of the founder-investor relationship.
Author: Language: English Episodes: 100

Startup Success: A Podcast for Founders & Investors
Podcast Episodes
How to Build High-Performing Teams at Every Stage of Your Startup [not-audio_url] [/not-audio_url]

Duration: 27:35
(00:00:00) How to Build High-Performing Teams at Every Stage of Your Startup (00:00:17) Introduction (00:01:00) Lidiya’s Background (00:01:44) Focus of Build It Labs (00:02:54) Three Components of Operations (00:04:12) T…
A Startup Story on How to Manage Rapid Growth [not-audio_url] [/not-audio_url]

Duration: 23:50
What does it take to build a biotech startup tackling one of the toughest challenges in women’s health? In this episode of Startup Success, we sit down with Oriana Papin-Zoghbi, Founder and CEO of AOA, whose company is p…
AI, Risk, and Why Most Startups Don’t Make It [not-audio_url] [/not-audio_url]

Duration: 32:00
On this episode of Startup Success, Kate sits down with Itamar Novick, Founder and General Partner of Recursive Ventures, who has been named one of Business Insider’s Top 100 Global Seed Investors for five years running.…
Startup Marketing 101: Digital Strategy in the Age of AI [not-audio_url] [/not-audio_url]

Duration: 29:22
Most founders know they need marketing to build their business—but few know where to start.In this episode of Startup Success, host Kate sits down with Jacqueline Basulto, Founder & CEO of SeedX, a full-service digital m…
Q3 Snapshot: The Startup Ecosystem [not-audio_url] [/not-audio_url]

Duration: 17:46
With Q3 behind us, the headlines continue to be pessimistic—but Steve Lord, Burkland's COO and Head of Knowledge Share, says the story is more complicated and less alarming.Steve joins us at the close of each quarter for…
A New Take on the VC-Founder Relationship [not-audio_url] [/not-audio_url]

Duration: 28:14
Ivan Montoya is a venture capitalist with a fresh perspective on the typical VC–founder relationship. He and his firm, NuMundo Ventures, take an unusually hands-on approach with pre-seed and seed-stage founders—providing…
Insights for Success from a World-Changing AI Startup [not-audio_url] [/not-audio_url]

Duration: 31:21
Materials development touches all startups—driving technological progress and innovation across every industry. In this episode of Startup Success, host Kate Adams sits down with Joseph Krause, Co-Founder & CEO of Radica…
After the Round Closes: How to Leverage Your Investors [not-audio_url] [/not-audio_url]

Duration: 31:18
In this episode, host Kate Adams sits down with Julia Austin—Executive Fellow at Harvard Business School, startup advisor, executive coach, and author of After the Idea: What It Really Takes to Create and Scale a Startup…
When Passion Meets Product-Market Fit [not-audio_url] [/not-audio_url]

Duration: 19:23
In this episode of Startup Success, we sit down with Ian Bateman, co-founder and CEO of Highscore, a startup on a mission to bring more games to more people—especially long-neglected Mac users—by enabling PC games to wor…
Using Customer Feedback to Drive Product Market Fit & Growth [not-audio_url] [/not-audio_url]

Duration: 26:50
Most founders say they value customer feedback—but few know how to truly hear it, let alone act on it. On today’s episode, we are excited to welcome serial founder and CEO Eli Portnoy of Backengine.ai, a platform revolut…