When shutting down, founders need somehow magically to know how to do it "right" or as best possible, when they have no experience of that.

I think investors should consider requiring founders prove they know how to shut down properly before giving money to grow in the first place.

Here are the basics:

-- what the ethical issues, how to "do the right thing"

-- how to shut down when they can still do so without debt being incurred.

-- what to say to which staff members and investors and when to say it

-- what the legal obligations are

-- how to either get acquihired, or how to find jobs for existing exployees

-- what legal bombs to avoid and how

-- what the biggest legals traps are in shutting down, such as leases which will remain fully payable