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Ask HN: Startup Failure and Debt

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21–27 of 27 posts

Re: Ask HN: Startup Failure and Debt

#21
You would have attained good skills and experience by fighting through a failing business. Remember this to get your confidence back. Get your diet and exercise corrected, these can often fall apart during stressful times.

Take vitamins B complex, C and D. Ashwaghanda to reduce stress levels (cortisol). Do brain training (look for apps) to get your cognitive skills going, stress can blunt them (mental math is good).

Re: Ask HN: Startup Failure and Debt

#22
This happened to me last year. It was incredibly difficult working my way back up but I have been working a job since a year and am out of debt.

The grief/toll will take time to go away. Mine has still not gone away but it gets better as time passes. Suggest that you seek help for this with a professional therapist. Meet new people and have different experiences. That helps a lot.

Wishing the best for you. You got this.

Re: Ask HN: Startup Failure and Debt

#23
Does anyone else get the sense that first-round investors used to fund the earliest, exploratory stage of a startup, but now the ethos is "Live off your savings, incur debt, work your ass off to get product/market fit, land a few paying customers, and come back for a seed round when you have de-risked the opportunity for us."

So basically, you need to either 1) come from wealth, 2) have big wins in your history, or 3) tap out your life savings and the goodwill of friends and relatives

Re: Ask HN: Startup Failure and Debt

#24
Oof I'm right there with you - finding a job in a marketing field is revealing itself to be extremely difficult.

The requirements sometimes are so specific that I don't understand why those companies don't just go make direct offers to the people that work in marketing at the companies they're trying to emulate.

Like: "must have worked in fintech, in the role X, for X years, with XX growth"... just go scout them.

Of course one still sends an submits an application, but 90% of the times companies don't bother to reply with a "no thx".

Re: Ask HN: Startup Failure and Debt

#25
I'm also failed my startup journey, anyone pls gimme job to survive the month, I could write fluent rails and moderate flutter, rest is python, javascript and any other shits that could earn me money I will to learn.

my timezone is gmt+7

pls guys no downvotes just venting here while reading the thread for learning.

Re: Ask HN: Startup Failure and Debt

#26
post #4

Been there myself after two failed startups, the latter of which I gave up a FAANG salary for and put myself in about $70k of credit card debt over. I know how this part feels. I took some odd jobs to keep the lights on and I swallowed my pride and borrowed rent money from friends on two occasions. It was not fun at all. After 5 years of employment in tech I've clawed my way out from under it, but it really wasn't ea…

Thank you for your advice, I really appreciate.

Re: Ask HN: Startup Failure and Debt

#27
I just went through all the comments and I am so humbled for taking time to respond. Its good to hear that someone somewhere shares a similar experience to what I am going through and I can be hopeful of a better tomorrow. Thank you once more.
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