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Failed startup, now what?
We raised a good amount of seed capital but that was it. From what I hear, they hit end of the runway and no A round term sheets on horizon. So, closing down shop. I was pushed out right after the seed was finalized. I was 1/2 vested at the time, remaining of unvested shares bought back. I voted against a move my cofounder really wanted. He rallied enough support and “poof”, out I went. Now company is going through liquidation. I doubt I am high in the preference line but is there any chance of cash trickling into my pockets? Beyond what I put in (if that)? The irony and schadenfreude I get to experience from the move I voted against being the costly mistake preventing growth… that’s worth a lot.3
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