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Ask HN: Founders whose startups have failed, where did life take you afterwards?

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141–150 of 181 posts

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#141
post #31

After a previous failure, my co-founder (and co-brother) and I are moving to the bay area this month, from LA. We're keeping our expenses low and plan to drive for Uber part-time as a way of avoiding day jobs. Even though I'm married and have a newborn, we're sharing a place and living like (healthy) college students. We've both turned down huge salaries to work together indefinitely. I love creating products for peo…

Doing a startup with a sibling, that's always intrigued me. I've thought about talking to my brother about it a few times. Just feels like it might be incurring too much risk to the personal relationship. What is your experience of that aspect of doing a startup like? Kudos got knowing what you want and going for it.

I funded my brother's business and would do it again in a heartbeat. It's a huge advantage to truly know the character of a potential business partner before you even start.

I know we could both laugh/cry it off together if he lost every cent. Others may doubt whether that's really true, but I have my own evidence.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#142

Failed at a bootstrapped startup ( http://shoutt.me/ ) earlier this year after a painful 2 years. Learnt a lot and failed a lot - in practically everything - marketing, sales, growth, tech, operations. Lost a fair bit of money too. Failed because the product was wrong and it took us 2 years to accept it. Succeeded in one thing - found the right co founders. In 2 months started working on the another idea ( https://do…

Shoutt was a great idea. I'm not sure why all startups like this fail to take off - Vark, Jelly, etc. Is it a timing thing? I mean everyone has a smartphone now, right? So how come it never works out? Wishing you and your team the best of luck with the new venture!

It seems a good idea at first. But it doesn't actually solve an acute problem. Convincing people to use it on a daily basis is hard for such kind of an app.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#143
post #136
post #117

Earlier quoted context omitted.

> "web agencies" who build shitty typo3 pages en masse This is what our initial success was built on. We had a two-pronged approach. First, in the homeland of typo3, we got massive mileage out of our own CMS product which could do everything that was oh so painful with the usual products in this space. We became the "can do" guys, and we could do everything so much faster and more elegantly than the competition. Our…

> Everything else we did wrong lol, implying completing "the illusion that everything was done in-house at the agency" wasn't wrong in the first place. Anyway, I still can't imagine why people found agencies. If I want to do consulting, I'd become a freelancer, this pays much better and there is plenty of work. If I don't, I would work at a real software company that builds and sells software products...

You are unkind but not entirely wrong. If you read my previous comment closely: that's something which gave us an edge early on but later became an albatross around our necks.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#144

Started a startup in Vancouver using Machine learning to automate the sports betting odds generating stack. Got two cofounders one MBA (yah i know) and a fundraiser, both failed badly as I did all the code. ended up doing 40% of the fundraising. fired the MBA for incompetence, 4 coders I had all left when other co founder did a deal where the term sheet was pulled last second. packed up left the company to the fundra…

I have a question for you:

How did you navigate the line between "I should just make money off of my own product and forget customers" vs "I should focus on the product and acquire customers"? Since there's an opportunity cost to doing both, I'm curious to understand how you navigated things with that kind of "fork in the road", so to speak.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#145
post #118

Someone should start a blog interviewing failed startup founders and letting them tell their stories and share their lessons, really in-depth. Maybe even bring in other people for multiple perspectives.

I'm up for this. Founders, if you're willing to share your experience on a blog, hit me up. My email is on my profile. Anonymity guaranteed. I'm not sure about what the format will be yet, but I'm thinking of interviews which will be transcribed, with the audio as an option. I'm open to other suggestions.

>Anonymity guaranteed.

I'd say "Anonymity is an option if you need it.", especially these days.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#146
Started in 2007, no tech skills..

- Idea I published was novel & since has been copied by oodles, including celebrities, large corps & one copy now has millions of users.

In 2009, after not being able to get my idea out in timely manner I started doing front-end dev jobs. I've been failing at those too for the past five years. I'm not a fast coder.

In 2013, now with technical chops & a solid tech team we created tech that got us invited to demo to entity in the valley and received some good amount of attention. Though the entity in the valley was not nice to us, seem like they just wanted to possibly steal our work & squash us like a bug.

So, Im happy to say I invented something oodles have copied with success & our work gets the attention of entities in the valley.

Though is it worth it if...

Your broke, jobless after Friday, childless, live with a parent, in debt, just broke it off again with cheater g/f who lives with her parent and in five months you'll be 40?

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#147
post #50

Began a startup senior year of college (Thryv). Managed to build a team, get sales, generate revenue and score a large partnership. Long story short, I was a customer of my own product and assumed I knew what other customers wanted. I spent the next 6 months having a product built without validating my initial assumptions before launching. The product was too niche only fitting customers who had my specific workflow…

For your number 4 bullet under "Services," I'm pretty sure you mean "Voila!" rather than "Viola," which is a musical instrument similar to a violin.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#148

Failed, job, startup -success...gave up company because of co- founder,started again.. startup- success...amazing journey first 3 years...next 4 years hell with business partner. I have failed in the year 2011 after 7 long years at my bootstrapped company. My business partner didn't want me around, I was pretty emotional after so many years, I felt it's time to accept fate n move forward. Broke up with my gf, I quit…

How did you end up with $1m of personal debt? That seems like an epic disaster, worth telling the tale to allow others to avoid making that sort of mistake.

For my part, in 2 failed businesses I never went more than £10k or so into personal debt.

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#149
post #50

Began a startup senior year of college (Thryv). Managed to build a team, get sales, generate revenue and score a large partnership. Long story short, I was a customer of my own product and assumed I knew what other customers wanted. I spent the next 6 months having a product built without validating my initial assumptions before launching. The product was too niche only fitting customers who had my specific workflow…

For your number 4 bullet under "Services," I'm pretty sure you mean "Voila!" rather than "Viola," which is a musical instrument similar to a violin.

Thanks :)

Re: Ask HN: Founders whose startups have failed, where did life take you afterwards?

#150

Failed, job, startup -success...gave up company because of co- founder,started again.. startup- success...amazing journey first 3 years...next 4 years hell with business partner. I have failed in the year 2011 after 7 long years at my bootstrapped company. My business partner didn't want me around, I was pretty emotional after so many years, I felt it's time to accept fate n move forward. Broke up with my gf, I quit…

Congrats on coming out of failure. I would love to learn more about what worked and what didn't work. What sort of pitfalls you had, lessons learned, etc
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