The hottest Closure Substack posts right now

Bradley's Spanish Bar in Soho is a unique and beloved independent business
Bradley's survived closure during the pandemic through community support and generosity
The bar embodies living history and the interconnectedness of London's community

Olive AI, a healthtech unicorn, is shutting down after facing financial struggles.
The company will sell its core operations to Waystar and Humata Health.
The closure of Olive AI reflects a broader trend of healthtech companies facing financial challenges and a slowdown in funding.

Foxborough State Hospital, initially focused on treating alcohol and opium addiction, faced numerous scandals and abuse claims over the years, leading to investigations and scrutiny from the public.
The hospital's history reflects a mix of treatment approaches, including questionable methods like the Keeley Cure which involved controversial ingredients and raised concerns about efficacy and ethics.
As the hospital shifted to treating psychiatric patients and faced financial struggles during the Great Depression, many patients, especially those without families, faced harsh conditions, unknown burials, and challenges in tracking their histories.

When your startup fails, you have options for what to do with your legal entity like continuing to upkeep it, selling it, or liquidating it.
One option is to do nothing and let the state move your company into a non-active state after 2 years.
If your company is clean and not heavily used, forgetting about it may be an option without added risks.

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