Start-up wind-ups
by henrycopeland
Friday, February 13th, 2009
Friday, February 13th, 2009
WSJ reports:
“Start-ups are failing faster and you’re going to see a major shakeout,” says Martin Pichinson, a managing director of Sherwood Partners, a Mountain View, Calif., firm that specializes in winding down start-ups. Since mid-January, his firm has shut down an average of three start-ups a week, up from just one or two closures a month in September, he says.
And this is what an silicon undertaker looks like.