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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?

#112

Well, my latest startup failure left me with around $50k personal debt, some legal pursuits, expired residence visa in the country I lived in, and a 3 months old baby daughter to care and provide for. And right, no job and no upcoming interviews. I am sorry for a probably uninvited comparison — I am not implying that my situation is harder, and I know that burnout is a serious shit. It takes months to recover. Some t…

> Well, my latest startup failure left me with around $50k personal debt, some legal pursuits, expired residence visa in the country I lived in, and a 3 months old baby daughter to care and provide for. I'm having trouble imagining a scenario where the last item is really a proximate consequence of the startup failure (rather than a bit of context that makes the problems that are such consequences more acute.)

This was around 3 years ago. Things are much better now.

Some context: not all startups are financed with external investments; some happen to run from founders' personal savings and debt. I consider myself, as an ex-CEO, to be fully responsible for the failure, but it doesn't make myself a failure. I lived and learned through the experience.

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

#113
post #45

Earlier quoted context omitted.

English is not my first language - does OP really imply he is a single parent simply stating "and a 3 months old baby daughter to care and provide for." I would say the same even though I'm happily living with my wife. Nursery cost and rent alone would cause financial difficulty. You can save on nursery but a 3 months old is a full time job if you don't have family around (which an immigrant like me and op is unlikel…

No, it does not imply that, but it leaves that possibility open.

I wasn't a single parent; just the only source of household income. My wife later did extraordinary things to save the situation.

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

#115
post #88

If you want to talk about this personally with a professional, use https://getboost.io

Disclaimer: Zach is one of the cofounders of Boost.

(generally it's nice to let people know when you're plugging your own service)

Is Boost a chatbot or actual live chat with a human? Couldn't tell from the website.

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

#116
Hi!

What a ride you've been on!

I read your post and two things jumped out that I would like to address.

#1: You are exhausted

Rightly so! Building a company, keeping it alive, and selling it is exhausting in the best of circumstances. You do need a break. But please, don't do "nothing". Don't go back to work. Don't start another company just yet. But don't sit on a couch with a beer in your hand either.

Travel, exercise, pick up a new sport or hobby, perhaps learn how to play chess well. Keep your mind and body occupied in a productive and positive way. The exhaustion and built up tension will go away.

#2: You're not good at anything and feel like a failure

How wrong you are! You are not a failure. You have super-valuable skills, but just don't know how to name them and sell them.

You attempted two experiments that did not pan out. You provided jobs for people. You even managed to have a small albeit fruitful exit in your second venture. Wow!

Sorry to hear it did not pan out the way you've hoped. That happens more often than not.

Your skills: management & leadership, plus whatever hard skills you have.

Your future:

If you are feeling restless and want a job now, look for positions in companies that match your skills. Middle management in big firms. Upper management in small firms. Something that fits with your area of expertise and something you enjoy doing. It may be sales, marketing, or tech. Your experience in leadership and management that you acquired while running your firms, coupled with any amount of hard skills is a very marketable skill.

On the other hand, if you have already founded two companies, my crystal ball tells me you will go on to start a third. Don't do it now to fill a void. Do it when your gut tells you its time and your mind proposes a viable idea. This may be after six months of learning judo, or after a two year stint at a big corporation. Entrepreneurship is a trait, and it seems you have it in you.

Best of luck!

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

#117

Well, my latest startup failure left me with around $50k personal debt, some legal pursuits, expired residence visa in the country I lived in, and a 3 months old baby daughter to care and provide for. And right, no job and no upcoming interviews. I am sorry for a probably uninvited comparison — I am not implying that my situation is harder, and I know that burnout is a serious shit. It takes months to recover. Some t…

Are you still at the 50k personal debt, legal pursuits, etc?

As someone about to start the dreams - I'm curious.

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

#118
post #7

"Failure". I'm about your same age. I have a carreer which, arrogantly, everyone I know considers "pretty damn good" I've shipped a fraction of what you have in terms of end to end solutions, let alone piloting the ship as a founder would have to. I've learned skill sets deep in narrow areas, but this has left me wanting for broad exposure and heterogenous understanding. Your experiences and _successes_ (you SHIPPED,…

This is an excellent response. I'd like to add my support and voice similar sentiments for OP: I'm doing ok myself, and you've accomplished far more than I have. I know from personal experience that I'm my own worst critic. You may feel stupid, unskilled, or whatever, but when you begin interacting with people again, you'll find that you DO have plenty to offer. A perceived failure is discouraging - but you've been g…

I'm thirding this here, I'm about the same age, worked in a bunch of different things and technologies, helped startups create their product from ground zero, been to startup events and talks with investors and now I've accomplished my dream of being able to live abroad, out of my home country.

And even then I've not come close to the first hand experience you have now, 7 years driving two companies.

So don't be too harsh on yourself, you're doing very well, way above most of people even in your country.

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

#119

Well, my latest startup failure left me with around $50k personal debt, some legal pursuits, expired residence visa in the country I lived in, and a 3 months old baby daughter to care and provide for. And right, no job and no upcoming interviews. I am sorry for a probably uninvited comparison — I am not implying that my situation is harder, and I know that burnout is a serious shit. It takes months to recover. Some t…

Even if you feel like a failure, you are not.

"Remember that failure is an event, not a person." Zig Ziglar

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

#120
To get over a similar experience, I moved from a city in an expensive country to a village in a cheap country. The money I got would last me many more years than it would have otherwise, so I had time to relax, get over things and order my thoughts. Worked well for me.
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