What to do when a startup is failing

Before getting into the topic in question, we need to clarify what a failing startup means. Usually, a startup ceases to be operational or 'fails' when it cannot generate positive cash flow on its own and runs out of funds and cannot raise any more capital. This happens due to various reasons such as wrong market, lack of product-market fit, lack of timing, poor execution, bad partnerships and etc. With no funds to run or pivot the business, many founders...