While 2015 was the year of big-ticket funding, 2016 saw harsh reality strike as 212 startups didn’t survive. According to data analytics firm Tracxn, this number is 50% more than 2015, when around 140 startups shut shop. Given that a lot of startups were founded during 2013, 2014 and 2015 and the high mortality rates of experimental business models, it is only natural that many of the startups are pivoting and shutting down. There is thus a pressing need for entrepreneurs to be educated on the legal and ethical processes for shutting down ventures, if things go downhill.

Pivoting - and shutting down - may be part of the course for many startups, but not many give serious thought to the challenges and roadblocks in closing shop. High-profile media coverage of some shut-downs is only the tip of the iceberg - there is a pressing need for entrepreneurs to be educated on the legal and ethical processes for shutting down ventures, if things go downhill.

This panel discussion with industry experts and entrepreneurs covers a wide range of best practices which founders must consider when they encounter the real world of business. Panelists will include experienced founders, entrepreneurs, investors, and lawyers. From vendor payments and NDAs to ethical practices and ecosystem support, the speakers will impart useful and actionable advice to entrepreneurs. Ignorance is no longer an excuse for not knowing the complications of business; this panel will point you towards useful fundamentals and resources.