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My Startup Failed. Fuck.

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Re: My Startup Failed. Fuck.

#11
I've been there done that, so I get the frustration you went through. Lesson # 1 What people say is cool doesn't mean that it's something that they'd use. Just because you say you're building the next Facebook will get you some "that's cool" responses but doesn't mean they'd actually use it.

One of the most useful things I do to validate an idea is to actually use YC's application- if you can't answer all the questions about your idea without any doubts, you're don't have a solid idea yet. And validating your idea means to follow up at the very least with the people that said it was "cool". Forget the stealth startups, be completely transparent in what you're building and have beta users follow you from day 1.

Good luck with your next thing!

Re: My Startup Failed. Fuck.

#12
I would be interested in:

Once he found out about the dynamic pricing he tells us “I think I am just going to release with another platform.” FUCK! Are you serious????

What other platform(s)? What were differentiating factors between those, and your service? Do artists suffer any particular trending pain-points in alternate services?

1,700 or so artists could probably provide great feedback into what they actually want in a platform, vs building it in a vacuum.

Thank you for sharing!

Re: My Startup Failed. Fuck.

#13
"Dynamic pricing" -- does anyone really like that? I've seen reports of online booksellers (no, not Amazon) giving people different prices based on the account they use. No one really likes to feel like a sucker.

EDIT to add: Some people might bring up airline tickets or hotel rooms. Limited analog inventory, not infinite digital inventory.

Re: My Startup Failed. Fuck.

#14
Keep Moving Forward. Pick up the pieces, mend the broken bones, take a vacation, regroup, do something else that you love and are passionate about. Failure is part of life. You miss 100% of the shots you don't take, right? Just keep at it.

Re: My Startup Failed. Fuck.

#16
Even the people at the very top of the value chain in the music industry --- the vanishingly small set of people who produce commercially viable music --- can't make the business work. So I'm curious as to why you'd have tried to start a company in music. Did you start before Dalton Caldwell's talk?

I'm just interested in how people pick the ideas they pursue.

Re: My Startup Failed. Fuck.

#17
I see this happen more and more that we talk to our potential customers about the idea we've been brewing and they say 'heck yeah I would totally use it', later only to find no interest in it. One thing I learned is, most of our ideas are pretty cool and most likely all the potential customers would agree when you try to validate but very few would actually hop on to try it. May be the implementation wasn't right, or may be its too hard to change the customer behavior to switch. Sometimes the customer was not serious enough when you pitched.

Re: My Startup Failed. Fuck.

#18
You have a tangible yet unmarketable product. Rather than abandon it completely, would you consider open-sourcing it? Any contribution to the open source community is a positive use of time (in my opinion).

Re: My Startup Failed. Fuck.

#19

So we talked to a few artists who said they thought it was a cool idea. BOOM! Our idea had been validated! Why was that sufficient data to justify spending months and months of your life bringing this startup to fruition? EDIT: I did not intend to make a sly insult toward the author. I've seen people do startups with similar justifications and I am confused.

This seems unkind. What data would you want? It's easy to jeer in hindsight, but frankly if focused and professional market research could reliably determine the existence of new markets there would be no need for a startup to find them. This very web site wouldn't exist.

They played a hunch and lost. The linked post details lots of mistakes, but this particular one doesn't seem like one to me.

Re: My Startup Failed. Fuck.

#20
post #3

Reading about failures can be more illuminating and educational than reading about success. It's interesting to see how you reached a number of gateways where you could have terminated but instead continued to pursue your goals/dreams (despite going against what many would consider the logical conclusion to close). I wonder how many other business have adopted that strategy (of ignoring initial reduced interest in yo…

I strongly agree. I'm grateful for people who post articles like this.

I do wonder (gently) if there's something like cargo-cult avoidance though? "These people didn't do this thing, and they failed, so we have to do it."

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