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Ask HN: If my startup fails, what are the impacts on my future career prospects?

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21–30 of 43 posts

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#21
I'm a regular employee at the bottom of the fruit bowl but I would imagine that starting a failed startup probably challenged you in a lot of ways and gives the interviewer the opportunity to ask a lot of deep questions in terms of whether you're a good team player that fits for them or not.

TLDR; nothing different IMO.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#22

My startup failed last year. It wasn't the greatest feeling to be back searching for a job. I did find a good job and I'm at a good place now. I joined as a developer. I was the CTO of my startup and was a senior architect looking across multiple domains in my previous job. Now, I'm more a specialist, looking at one single thing while it's expected that someone has the responsibility to solve a different problem. To…

i think this is the reason most companies fail. people do too much, and aren't able to do a good job at any of it. people lie to themselves and think it's even remotely possible, when it's not. you're going to do a shit job at every one of those 4 jobs if they're all your responsibility. i think companies that raise or make money quickly are able to actually dedicate people to very, very, very critical shit, and will…

If a company is swimming in money, whether it's from investors or revenue, then yes, hiring people to handle specialized jobs is definitely the best thing to do.

But there's always a point at the beginning where a company doesn't have a ton of money laying around, and at that stage, I think your advice is bad. It's better to have those jobs getting done poorly than to have them not being done at all.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#23
Failure of a startup doesn't mean you're a failure or even that you failed in this instance. There are many reasons why a startup can succeed or fail. Either way, if you've shown you learned from the experience, I think you're likely to find that some of the best teams to work with will value that.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#24
I was under the impression that the vast majority of startups fail. I don't think being a failed entrepreneur is a bad thing, if anything it's hard-won experience that should be valuable going forward. People expect startups to fail- actually succeeding is huge, but not getting there isn't a bad thing in itself. I can't imagine you would be judged for being associated with a startup that didn't make it, unless there were was something fundamentally unusual and terrible that happened that was scandalous or criminal or whatever.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#25
I think it depends on how you explain it, because it's bound to be asked about. If you can spin it as a learning experience and perhaps assuage worries about you jumping ship to start another company, any human recruiter (and most are) would interpret it as a plus.

On the other hand, if all you talk about are mistakes and failures to learn from them, or suggest that you'll be leaving at some point to do it again, a recruiter is likely to worry.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#26
I don't think it matters at all. Any place where that would be looked on negatively is probably not a good fit for you anyway.

It's a really small sample size, but we've had several people join us after winding down or leaving their startups and they've been successful.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#27
As long as you have solid skills, success or failure doesn't really matter at all (although if you were successful you wouldn't be applying for a job, which leaves us with failure in this case).

From my experience companies only look at your objective skills when they hire you. And a lot of large companies actually respect that you have worked on your own company even if it failed.

So don't worry about what it means, if you're trying to find a job, study for the interview really. That's one thing I messed up when I shut down my company and had to get a job for the first time in my life. I didn't even know "preparing for an interview" was a thing and failed miserably at some of the early interviews I did, but later figured out there's a formula and then I aced everything, ended up getting multiple job offers and chose the one I wanted.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#28

As someone on the other side of the table at a startup, I always ask, and it depends on the answer. -- Con: flight risk, collaboration risk -- Pro: for valid reasons, they don't want the founder stress, risk, focus, whatever (say due to family, time, whatever), but love the environment. Such people are amazing: a classic "barrel" ( http://firstround.com/review/Keith-Rabois-on-the-role-of-a-C... ) . We've been working…

The "con" part actually has nothing to do with whether you failed at a startup or not. Like you said it depends on the answer, which means you make the decision based on the personality at the end of the day, not based on the failure itself. So I would say there is no "cons".

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#29
post #17

Leave it off your resume.

This is the worst advice ever, don't try to give advice on something you have no idea about. It can change people's lives for the worse.

"Leaving it off the resume" means lying, and they will most likely ask what happened during that time. Even if they don't ask it's a bad sign since it means you come off as someone who's been unable to get a job for whichever duration you worked on your startup for.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#30
post #7

Earlier quoted context omitted.

If you are going to be a CEO then it is important to wear many hats in the beginning. It is important to understand the basics of accounting, law, sales, etc so that you have some idea what is going on with those aspects of the business when you are able to delegate those jobs to experts.

yeah, a lot of entrepreneurs learn this stuff through a bunch of failed businesses where they do everything themselves. keyword: failed.

It is not that hard to do the business side in the early days. That isn't even in the top 10 reasons companies fail.
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