The current economic climate is uniquely challenging for startups. Understanding these dynamics is crucial for making informed decisions and navigating the next phase of your journey. For startups and founders making tough decisions, here are some observations and tips from Pulley that might be helpful. Market Downturn and Fundraising Challenges:

In the first half of 2024, over 300 small businesses have filed for bankruptcy, the highest number since 2010.* Most of these bankruptcies are in the consumer discretionary sector, which includes restaurants, clothing stores, and car dealerships.  The SMB Center believes there are several reasons for this increase: 1. Record-high

Starcycle is partnering with NYU Tandon School of Engineering on an educational workshop on how to navigate company shutdown, exclusively for NYU Tandon Future Labs’ portfolio founders. This marks a significant step forward in our mission to support founders and business owners in difficult times — and to give them tools

The Financial Crimes Enforcement Network (FinCEN) recently released important updates regarding the Corporate Transparency Act (CTA). This act aims to increase transparency and combat illicit financial activities by requiring businesses to disclose beneficial ownership information. Read on to see what this may mean for you and your business. Key Points

As entrepreneurs, we often focus on growth and success, but the reality is that business transitions are a natural part of the entrepreneurial journey. Whether you are scaling up, selling your company, or winding down operations, a well-thought out plan in place is important.  At Starcycle, we understand the emotional

Recently, we had the privilege of speaking with Welcome to Chinatown, a nonprofit amplifying and addressing the critical needs of the Asian-American community and its entrepreneurs, about failing forward.  We dove deep into the often-unspoken realms of entrepreneurship and failure. While it’s difficult to summarize the raw, honest conversation,

Closing your business is a tough decision. The emotional weight is heavy on your heart, and the tasks ahead are overwhelming. However, this isn't the end of your story – it's the beginning to your next chapter. At Starcycle, we're here to help you navigate

As founders, we pour our hearts and souls into our ventures, but sometimes, despite our best efforts, the journey comes to an end.  At Starcycle, we understand that closing a business is more than just a financial decision—it's an emotional rollercoaster that can take a toll on