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]]> By: Anonymous https://startupsanonymous.com/story/were-shutting-down-and-im-scared-the-aftermath/#comments/500 Wed, 12 Feb 2014 20:43:01 +0000 http://startupsanonymous.com/?post_type=stories&p=174#comment-500 In reply to Anonymous.

Not paying employees is in a different category from not paying suppliers. The instant you know you can’t make payroll, some serious legal issues arise (depending on the state in which you are incorporated and in which you hire people); do not proceed past that point without accurate legal counsel. The CEO can wind up in jail (again, in some jurisdictions) for continuing to employ a person when he or she knows there’s no money to make payroll.

]]> By: Anonymous https://startupsanonymous.com/story/were-shutting-down-and-im-scared-the-aftermath/#comments/488 Tue, 11 Feb 2014 21:29:07 +0000 http://startupsanonymous.com/?post_type=stories&p=174#comment-488 In reply to Anonymous.

Yes. But it’s hard depending on your personality type. It took me over 10 years (?) to “get over it”. And I still am not sure that I am. I certainly are more hesitant to take a “leap of faith” — and that hesitance slows you down. What nobody ever told me was how to get over it. I still don’t understand. I appreciate people telling you to get over it; it’s good advice. But not knowing how to deal with a gaping hole in your chest doesn’t make you a wuss (necessarily) — it just means that you don’t know how. I *do* know that alcohol is not the ultimate answer! 🙂

]]> By: Anonymous https://startupsanonymous.com/story/were-shutting-down-and-im-scared-the-aftermath/#comments/473 Sun, 09 Feb 2014 06:53:18 +0000 http://startupsanonymous.com/?post_type=stories&p=174#comment-473 Allow me a timely analogy here. Not all the entrants that came into the stadium in Sochi yesterday will walk away with gold, silver, or brass medals. Many (most) will return with no medals at all. This event will be the peak point in their lives when they were at their highest physical achievement. Should the feel bad? Heck no. For the rest of their lives they will be able to say to one and all, they were Olympians on the field and will deserve huge respect. And you, who started your own company, hired employees, succeeded in closing investments, shipping product to customers, in the middle of these historic times in entrepreneurship, you will wear that entrepreneurship badge forever.

]]> By: Anonymous https://startupsanonymous.com/story/were-shutting-down-and-im-scared-the-aftermath/#comments/472 Sat, 08 Feb 2014 02:35:20 +0000 http://startupsanonymous.com/?post_type=stories&p=174#comment-472 All I can say is keep going. This one might not have worked out, but in so many ways, you’re better off because of it.

]]> By: Anonymous https://startupsanonymous.com/story/were-shutting-down-and-im-scared-the-aftermath/#comments/466 Fri, 07 Feb 2014 22:51:36 +0000 http://startupsanonymous.com/?post_type=stories&p=174#comment-466 In reply to Anonymous.

Just his way of dealing with it.

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