Employers value people who have been a founder. You should flaunt it, that you learned so much in that gap.

Product Manager

I have 5+ years of total experience - 3+ years of BA (business analyst) + Sr BA experience and a year of Product Manager 2 experience. Then I started my own

I have 5+ years of total experience - 3+ years of BA (business analyst) + Sr BA experience and a year of Product Manager 2 experience. Then I started my own venture.

I'm thinking about switching back to the product manager role as my firm is not working as per the expectations and product development & growth marketing is something I genuinely enjoy working on.

I need some advice from you all - how can I justify my 'employment gap'? 
What should I tell (or rather hide) about start-up failure?
What should be my approach while applying for PM openings? Where should I start?
I have graduated from an IIT, how can I leverage that?

I know some of these questions would sound noobish, but I really don't have much experience in switching careers. 

Your help is appreciated 🙂.

Need some serious advice