SimpleClosure
SimpleClosure offers a platform to automate business shutdowns, handling legal dissolution, compliance, and asset distribution for startups.
Secondary Market Price
Secondary Market Price
How SimpleClosure Measures Up
To help you manage your SimpleClosure equity, Prospect has run the company through our machine learning model.
Prospect Rating
TBD
We are still gathering data and evaluating SimpleClosure, so our rating is not yet available. Check back soon for our projection on the company's worth four years from now.
Exit Risk
TBD
We are still gathering data on SimpleClosure to train our machine learning model. Check back soon for our exit risk rating for SimpleClosure!
Funding Stage
Series A
A Series A funding round means the company has successfully moved beyond its initial, riskiest phase and has a product that's gaining traction. For a potential employee, this can represent a sweet spot of joining a validated business that still has substantial room for growth and personal impact.
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Prospect Projected Future SimpleClosure Prices
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Company Description
SimpleClosure operates a technology platform that automates and streamlines the process of shutting down a business, primarily for startups. The service manages tasks such as legal dissolution, resolving obligations with state agencies and customers, and distributing assets to investors. The company has completed compliant shutdowns for over 1,000 startups. Founded in 2023 by Dori Yona and Nimrod Ram, the Los Angeles-based company, legally named Simple Closure, Inc., was created to simplify the complex workflows involved in winding down a company. Since its founding, the company has grown to a team of approximately 35 employees.
The company has secured a total of $20.5 million in funding across three rounds, including an initial seed round of $1.5 million in September 2023 and a subsequent $15 million Series A round led by TTV Capital. SimpleClosure is also an active participant in the technology and legal sectors, engaging in industry events such as LA Tech Week and Money20/20. It has co-hosted panels and events with firms like Carta and Sidley Austin LLP to discuss topics relevant to founders and the startup ecosystem. This recent funding and community engagement indicate a focus on scaling its operations and continuing product development in the Legal Tech and SaaS verticals.
- Anthemis
- TTV Capital
- Co-Founder, CEO Brain Schimpf
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is SimpleClosure worth joining?
Evaluating an offer from a private company like SimpleClosure involves assessing the total compensation package, particularly the equity component. Tools like Prospect can help you model the potential future value of your equity to make a more informed decision.
What should I do with my SimpleClosure stock?
Managing stock in a private company like SimpleClosure requires a personalized strategy that considers your financial goals and tax situation. Platforms like Prospect offer tools to create an optimized exercise strategy and manage your shares to maximize their post-tax value.
Can you sell SimpleClosure stock?
Selling stock in a private company like SimpleClosure is often possible through company-approved tender offers or on secondary markets, though restrictions may apply. Prospect provides tender offer tools and access to secondary market pricing to help you navigate liquidity events and decide which shares are most tax-optimal to sell.
How can I find the value of my SimpleClosure stock?
The value of stock in a private company like SimpleClosure is typically determined by its latest 409A valuation or the price set during a recent funding round. To forecast potential future value, you can use platforms like Prospect, which offer predictive models to help you understand what your equity could be worth.
What is SimpleClosure's equity worth?
The total equity value of a private company like SimpleClosure is not public information and is based on valuations from funding rounds and internal assessments. You can use predictive modeling tools from platforms like Prospect to estimate the potential growth and future worth of your specific equity grant.
What is SimpleClosure's stock ticker symbol?
As a private company, SimpleClosure does not have a stock ticker symbol because it is not traded on a public stock exchange. Ticker symbols are assigned to companies only when they undergo an Initial Public Offering (IPO) and list on an exchange like the NYSE or NASDAQ.
Can I buy or sell SimpleClosure stock?
Buying stock in a private company like SimpleClosure is typically restricted to accredited investors during funding rounds or on secondary markets, while selling is usually limited to company-approved liquidity events. When an opportunity to sell arises, tools from Prospect can help you create a tax-optimized strategy for the sale.
What is the criteria to buy or invest in SimpleClosure stock?
To invest in a private company like SimpleClosure, you typically need to be an accredited investor, a status defined by specific income or net worth thresholds set by financial regulators. Opportunities to invest are also limited and usually occur during specific funding rounds or through secondary market platforms that connect buyers and sellers.
