SimpleClosure just raised a $1.5 million pre-seed funding round from Rex Salisbury and Vera Equity.
The startup uses AI to automate the legal and procedural tasks for when a startup shuts down.
The startup industry is predicted to be on the brink of a 'mass extinction event.'
The numbers weren't looking good for the fintech startup, so one of the investors asked him to write a shutdown proposal.
And when a business shuts down, incorrect winding-down procedures can add insult to injury in the form of fines, fees, and mistakes that can also affect customers and investors.
Persons:
SimpleClosure, Rex Salisbury, Vera Equity, Earny, Dori Yona, Yona, Michael Vaughn, Jon Pomerantz, haven't
Organizations:
Wednesday, Cambrian Ventures, IRS
Locations:
fintech