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Ask HN: My company has been acquired and I'm kicked out. What should I do now?

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Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#12
I recently went through a similar situation (decided to leave my startup after 4 years of growing it). I wrote about my decision on Medium (https://medium.com/@klistwan/why-im-quitting-my-4-year-old-s...), and took about 4 months off to travel and decompress. I spent quite a bit of it reading, reflecting, trying new things, etc. Feel free to send me an email or PM on twitter if you want to ask more questions! :-)

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#13
- Take a break

- Experiment with new technologies

You're burned out right now so you're not seeing the big picture. Or rather, you think you're seeing the big picture, which is that you're fucked. But you're really not. You're in a great place and I'm sure your next company will be a success.

Take some time off to reorient yourself, then when you come back to the computer, don't work on anything specific. Just chill and play with new technologies. One day you'll have an epiphany, see an obvious market void, and then your motivation to build a product will come roaring back.

Whatever you do, don't get a job... cmon man that sounds entirely out of line with everything you told us about yourself. That would be a huge waste. Keep plugging away. You'll have success soon.

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#14
If you're used to working at startup speed, just take a job. It'll seem easy, people will work way fewer hours, and at lower intensity, than you're used to, and you'll catch up to them skill-wise in a few years. Don't beat yourself up too much.

Source: was in same position 5 years ago. Email in sig if you want to grab a drink.

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#15
Hey there throwaway,

First of all, this is really not all that bad: you got paid, and you have a years worth of $ in the bank.

Good. Now, the first thing to do is to make sure that you get into a mode where you extend your runway, turn that 12 months into 13 months and so on. Doing nothing for 3 months is enough to recharge your batteries a little bit.

Figure out what your monthly expenses are and then try to find something - anything, really - that pays you just a bit more than that so that you can remain floating while you work out what to do next.

Please do not consider yourself a failure in any way, I've run the same company for almost two decades before getting back a little over what I put in initially. I don't consider that a failure either (maybe I should ;) ), and you managed to do this in a substantially shorter time.

Sooner or later a new real opportunity will come by: use all the lessons you learned and your new perspective on life to make the call on what is worth your time and if and when that happens you can roll the dice once more. But don't get seduced by risking that head-start that you now have over most other people on something with a low chance of success.

Then you might end up losing all the time you put in.

If you're like me - and I really hope you are not - and you're continuously tempted to spend your money in unwise ways then I suggest you buy some real estate in a place where the market is reasonably fluid or, if you already own a house, to simply dump it (or at least a sizable fraction of it) in your mortgage. That way it will last long, will have an immediate ROI (if it is your own house) and you avoid the temptation to spend it piecemeal until there is nothing left.

Best of luck!

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#16
Count on your strengths. You see yourself in a disaster. But many will still see that A Success. You succssfully raised series A and your company is acquired. A lot worse could have happened, but you came out well. You are a lot successful than you think you are and it's time you count your success. Elevate your success to the next level.Good Luck.

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#17
You're taking a highly dramatic read on your situation, I'd say overly so. Even though you may have been "kicked out," you still got paid, and you apparently had enough skills to get to that point.

Start applying for a bunch of jobs and see what positions feel most comfortable. Also consider psychotherapy to deal with what looks like ruminations and generally poor self-esteem.

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#18

- Take a break - Experiment with new technologies You're burned out right now so you're not seeing the big picture. Or rather, you think you're seeing the big picture, which is that you're fucked. But you're really not. You're in a great place and I'm sure your next company will be a success. Take some time off to reorient yourself, then when you come back to the computer, don't work on anything specific. Just chill…

> cmon man that sounds entirely out of line with everything you told us about yourself.

I don't agree with that. Having a job for a while is great way to keep your time structured (OP has a problem with that guessing from what the wrote) and to stay in contact with other human beings.

Even though I'm always going to be happier as 'my own boss' I've had jobs just to tide me over for a bit or to help out some friends' business. None of those were permanent but long enough to regain a grip on the compass before deciding where to move on to next. That can take some time and that time will eat up your savings rapidly. Better to make that time count for something rather than nothing.

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#19

If you're used to working at startup speed, just take a job. It'll seem easy, people will work way fewer hours, and at lower intensity, than you're used to, and you'll catch up to them skill-wise in a few years. Don't beat yourself up too much. Source: was in same position 5 years ago. Email in sig if you want to grab a drink.

^This. Working at a big company is about 10% as hard as working at a startup as a founder (maybe less). HR people love applicants with an "entrepreneurial spirit", and founders are often great product managers at big companies. Give yourself 18 months to do a great job in that role, and spend 25% of your personal time looking for problems within that type of company that could be solved with technology. Build a prototype of a solution nights and weekends, raise a seed round, and then start a new company. (That's what I did).

Re: Ask HN: My company has been acquired and I'm kicked out. What should I do now?

#20
My take is this:

- You learned you didn't have enough rounded knowledge to run a company. You probably recognize this.

- Don't forget that you now have a bunch of experience others don't have, in getting something off the ground, being in charge, and turning the reigns over to someone else at a profit.

- Maybe your next venture needs to be in a position where you'll get to learn to fill in the gaps of what you don't know and also get to leverage what you have learned. I would look for a partnership in an area outside your comfort zone where you don't have to know everything. Be a VP in a small growing company. Let someone else be #1 this time.

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