Startup Restructuring 101

Re:Startup Restructuring 101 by hef19898 on Sunday November 27, 2022 @06:01AM (#33762087)

As other already pointed out, myself included, yhere are some risky things, eg. stopping payments without legal analysis and talking to vendors and suppliers, which I am sure the author knows need additional steps to do properly (well, I assume he does given his background).

This one advoce here:

>> Founders must go back in the trenches and own back the direct leadership on: product development, engineering, monetization and hiring

I more or less strongly disagree with. Because it highly depends on the founders, whether or not they have the necessary background to lead the restructuring. Because we shouldn't forget, it was most likely the founders that got the company in question (the article is about start-ups of sorts after all) into trouble in the first place.

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Re:Startup Restructuring 101 by cyrilgrislain on Monday November 28, 2022 @04:36PM (#33780091)

True, some Founders just won't succeed at that, for lack of profile or mindset or experience. But ultimately, especially in VC-backed startups, everything starts and stops with the Founders at least until Series B. Handling well hardships is part of the role, and contributes to the making of the most successful Founders. Now, Founders don't have to do this on their own and can get help. Especially for bigger companies. Knowing how to acknowledge your own limitations, reach for help and delegate is a core CEO attribute. I have seen over and over again Founders doing that very successfullY.

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