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Ask HN: My startup has failed. What comes next?

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Re: Ask HN: My startup has failed. What comes next?

#21

> My motivation levels are also pretty low after so many > repeated failures. Several startups? Or failures in a single startup? Have you sat down and spent some time evaluating the failure? What did you not know that you would have liked to have known? What skills worked? Which didn't? Etc. Many people I've known have gone to work for a larger, more stable, company to build up a reserve before putting their hat back…

3 failed products across 2 different startups, over a period of about 3 years. I definitely feel I've learnt a great deal over the last few years. I've grown as a developer, but also learnt about things like management and marketing.

I think this is good advice. I've never worked in a corporate environment, and I might get a job just to see what that's like.

I'm definitely going to compile and reflect on all the mistakes I've made over the last couple years.

Re: Ask HN: My startup has failed. What comes next?

#22
I don't have "real startup" experience with, you know, investors and stuff. But I do have failure experience. Without funding, the line between failure and not is way more blurry; but you fail the same. Sometimes those failures come with emotional problems, sometimes not. When failures don't come with emotional problems, cleanup is easy. Get a job and do financial cleanup.

When the failures come with emotional problems, well, then it's harder. For me? I think it's a bad idea to go to my contacts when my performance is below a certain level, because... I'm just not performing up to my usual standards, and actually doing a job with people who expect me to perform at the level of most of my friends would be a challenge when I'm fully functional. And when I'm really messed up? expecting me to perform at the level I've been capable of performing at in the past is a bit unrealistic.

But, the problem is that my job is absolutely central to who I am. I'm not going to get better until I get a job and feel like I'm making forward progress at that job. That's just how I work.

So... personally? I go through body shops when I'm like this. Why? Mostly because employers don't go for the body shop until they've exhausted their contacts. They don't know any more good people, so they'll settle for warm bodies. And depressed-me can meet those standards, usually. I'll probably even have enough skill-margin for them to put up with the downsides of me still being messed up.

And eh, I've had good luck with getting help from the managers; I mean, my big problem is staying on-task, and that gets way worse when I'm not in a good place, mentally, and my experience? managers in those situations seem to be pretty cool with me asking them for help with that sort of thing. I think they know the score, too. They know they're gonna get second-raters from the body shop, and they're willing to put some effort if it looks like some effort can turn you into something useful.

When the economy is good like this, most of the gigs you will find are "contract to hire" - meaning you work for them for a year, and if the economy is still good in a year, they'll offer to hire you on full-time, which gives you a nice path forward, if you still need training wheels after the first year is up. When the economy is bad, that expectation isn't set, but the rules are about the same either way.

Oh yeah, to get a body shop job? put your resume on DICE. take the calls, listen carefully, reject jobs you aren't qualified for (the body shops aren't qualified to do that, and you will go to a lot of interviews for jobs you aren't qualified for if you don't take charge of the filtering)

But yeah, especially if you are in the bay area, body shops are like a million times better than e-lance

Re: Ask HN: My startup has failed. What comes next?

#23
post #4

1. Pay the bills, save some money. 2. Take a vacation: "Me and my friends have been too busy sunbathing off the southern coast of St. Bart's with spider monkeys for the past two weeks, tripping on acid. Changed our whole perspective on shit." 3. Tinker: https://www.physics.ohio-state.edu/~kilcup/262/feynman.html

I really like the Feynman story. I do want to spend one or two months working on my own personal projects before I start looking for a job.

Re: Ask HN: My startup has failed. What comes next?

#24

Our startup failed early this year. We didn't make any money and while we did have a few interested clients, to keep going we needed funding that didn't come. End of the day, it was the wrong product. Period. So - lesson learned. I did try odesk/elance for a while but you can't make any money from it. My work is more embedded, and systems programming and the jobs on places like odesk are suited for very low end webde…

Thank you for the advice on odesk/elance. I was wondering whether I could pick up freelance jobs related to data processing/data analysis.

I do agree that the journey really has been worth it, although I haven't actually got anything to show for it.

Re: Ask HN: My startup has failed. What comes next?

#25
Hey man, Elon Musk's rocket blew up today. Even the best of us don't succeed every time. Just think carefully about your possible courses of action and try planning out different routes in your head ("If I worked in city X for a year doing Y, I could save Z, and then in my free time I could...", "If I went straight on to this startup then I could...", "If I went to work at this cool startup I know in a field I'm interested in, then....") and see which one makes the most sense to you.

I know this is cliché stuff but remember Thomas Edison's 1000 ways not to make a lightbulb, and JK Rowling getting rejected from a dozen publishers, and Elon Musk nearly going bankrupt in 2008, and that Abraham Lincoln didn't do anything particularly notable whatsoever prior to turning 52.

Re: Ask HN: My startup has failed. What comes next?

#26

Hey man, Elon Musk's rocket blew up today. Even the best of us don't succeed every time. Just think carefully about your possible courses of action and try planning out different routes in your head ("If I worked in city X for a year doing Y, I could save Z, and then in my free time I could...", "If I went straight on to this startup then I could...", "If I went to work at this cool startup I know in a field I'm inte…

Thank you for this. Although it's a pretty shitty feeling right now, I'll probably look back fondly at this experience in 10 years.

Re: Ask HN: My startup has failed. What comes next?

#27
Just one tip: Don't just follow the money if you're a product guy and get attached to your team and work. I quit a disintegrating startup with burnout and went right into the best paying corporate job, not realizing it was compensation for personal suffering. Dealing with 10 years of technical debt and a hot mess of legacy architecture together with a erm... wide variance in coworker's & bosses competence stressed me out just as much, and i quit no 12 months later.

Re: Ask HN: My startup has failed. What comes next?

#28

Hey man, Elon Musk's rocket blew up today. Even the best of us don't succeed every time. Just think carefully about your possible courses of action and try planning out different routes in your head ("If I worked in city X for a year doing Y, I could save Z, and then in my free time I could...", "If I went straight on to this startup then I could...", "If I went to work at this cool startup I know in a field I'm inte…

Great examples. The one I pretty much live by right now is Thomas Edison's. You may fail once, twice, or even more times. But if you really want to succeed and have the willpower to keep at it, you eventually will get there.

Re: Ask HN: My startup has failed. What comes next?

#29
If your project failed, and you can take some time off, go or it. I'd suggest joining an obviously-successful project for a year or two after (a "unicorn", although they're not all great, is a good choice; a successful team at a successful company is, too), then doing a startup again if you feel like it.

Taking more than a few months off might be counterproductive (and expensive), and getting trapped doing consulting/contracting doesn't contribute as much to doing another startup again later.

Re: Ask HN: My startup has failed. What comes next?

#30
These are my two different experiences and hopefully one of them might help you.

My first startup didn't go that badly, which is why it left me with enough cash for rainy day during my 2nd / 3rd startup.

So without saying, yes the 2nd and 3rd crashed n burnt pretty badly.

Experience after 2nd:

I know this might sound meta, but your sanity and your self worth more than anything else and that's what you should be looking at. I was a noob by all means when I did my 2nd startup, because my first startup had an early acquisition which I didn't really go through a lot of things. So due to that my 2nd time it left me with a lot of bruises of rookie mistakes.

It was awful, but I decided take school and help me forget about Startups, business and the sorts of things I was obsessed was before. So this helped because I got to talk to people whom were not necessarily talking startup and business, which diverts your anger/disappointment towards something different.

After 3rd startup:(run out of money, quite literally)

After my 2nd startup I had enough cash to not get a job, but this time around I had a lot more pressure which left me with no choice, but getting a job. I had some great investors whom knew why I fall into this situation, which helped a lot.

Few things I did:

1- I put behind everything I was hopping for before, because I knew that I have reached a new low (which is not good).

2- Making new hopes!

3- I started fresh (joined a tiny startup and worked for them like it was my first ever time programming / building a team).

Things learned:

1- I wouldn't jump into another startup of your own. (don't, just don't) The pressure becomes too much and productivity tanks.

2- Make sure you agree on leaving behind the miseries of a startup to start something new (aka joining a team). It's a good time to let go of things when you feel your shoulder is holding too much.

3- Your sanity and your life is the most precious thing you have, after my 3rd startup I had death threats and that was the reason I had to let it go. So things like that shows you how cheap life can be in others eyes, while for you, that is the biggest asset you have your control over.

So feeling shitty or guilt shouldn't stop you from going into something new.

Also, if you have enough of experience with programming and building, then you can do some consulting or freelancing very easily.

PS: if you're in based States don't freaking try Elance or Odesk. Because that will just destroy your thoughts more, it's like race to the bottom for prices. Try using HN (Who is Hiring) or Reddit /r/forhire or Twitter or friends to get some gig.

Ah and one last thing, ego and pride can be hard to get over, but don't bury them, because these times will be your medal of honor and soon enough you can feel proud of them.

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