If a startup raises 40 million and fails to sell the company, do startup founders typically exit with a severance package?

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JASON LEMKIN

Very rarely in a failed start-up, irrespective of the amount raised, will the founders end up with anything.

If the start-up has raised a lot, e.g. here $40m, a small carve-out may be set aside to help wind down the company.  But it will be relatively small.

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Published on February 16, 2016
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