From Chris Yeh
I ran across Startups Anonymous, and a post entitled, “We’re Shutting Down and I’m Scared” caught my eye:
For better or worse, I’ve either been through or participated in shutting many companies down, so I thought it would be fun and potentially useful to provide my blow-by-blow advice:
After over two years, backing from a well-known accelerator, nearly one million in funding and a decent amount of traction, we’re shutting down.
> Over half of all *VC* funded startups go belly up, so you’re definitely not alone.
I’m scared. I’m also sad, disappointed, ashamed, embarrassed & deflated. But mostly just scared.
> That’s natural. The way to get past the fear is to take action.
Nobody but my cofounder and I are aware we’re shutting down yet. It’s been a few days since we made the decision and I haven’t even gotten up the courage to tell my family.