What Does Steli Efti Say Not to Do the Day a Startup Fails?

On The Startup Chat, Steli Efti tells founders that the day a startup fails is usually the wrong day for a huge life decision. Do not propose, get married, start another company, make a massive investment, or take some other enormous risk that day. Take the break you can actually afford: a weekend, a week, a month, a quarter, or, for some people, a year. Spend it on something unrelated to the closed company and unrelated to the next big commitment. The failure was probably brutal. Rushing into a lasting decision, he says, means making it before you have the awareness and the energy to choose well.