Listen "Many Startups Shutdown a Few Times Before They Succeed"
Episode Synopsis
In today’s Startup Therapy Podcast, Wil and Ryan talk about the truth about Startup shutdowns. Shutdown cycles always happen to Startup businesses, several bad decisions don’t mean a complete failure, and second chances can happen when you’ve asked the critical Why’s.Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:https://www.startups.com/beginWhat to Listen For00:00 Intro00:59 Startup shutdown is always part of the process07:05 Shutdowns had been happening even before COVID12:15 When you assume you’re a failure because of several bad decisions14:27 How bad was the mindset?16:47 What was the turning point?19:56 Rising back after a 48-hour downtime24:59 Do-overs are what defines some of the great companies28:46 Tips on how to restart a Startup34:06 The looming danger when you can’t ask all the critical “Why?”35:54 It starts with seeing a version 2 of the business to restart
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