Startup stages & company states · Working
Wind-down
Also called: winding down
ELI5
Close the company in an orderly way.
Used in conversation
“The wind-down plan prioritises employees, customers and creditors.”
Definition
The controlled process of ceasing operations, settling obligations and distributing remaining assets.
Here “Wind-down” means: The controlled process of ceasing operations, settling obligations and distributing remaining assets.
Pitch context
You will see “Wind-down” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches startup stages & company states.
Why it matters: It helps a reader interpret startup stages & company states without confusing the measure, decision, role or evidence being discussed.
Connected terms
- ShutdownThe search label “wind-down” can route to both entries.
Sources & evidence · 5
Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.
- U.S. Securities and Exchange Commission — Small Business Capital Formation GlossarySupporting source family · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Exempt OfferingsSupporting source family · primary · checked 2026-08-16
- National Venture Capital Association — Model Legal DocumentsSupporting source family · institutional · checked 2026-08-16
- Y Combinator — Safe financing documentsSupporting source family · practitioner · checked 2026-08-16
- Y Combinator — Series A Term Sheet TemplateSupporting source family · practitioner · checked 2026-08-16