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My startup failed, and this is what it feels like

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Re: My startup failed, and this is what it feels like

#111
post #101

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Jesus. What a horrible comment.

She crushed it starting this business, got traction, built up a community, and was getting close to scaling what was a real business, with a real business model, and real money.

It's phenomenal how much her team accomplished on that money - which is not very much for a team of 5. Until you've run a business yourself, it's hard to understand just how much overhead truly does walk on two feet.

If this company had gotten to scale, it could have provided food for hundreds of thousands of men and women, selling extra stuff laying around their closets. And that's off a glance at their site and app. If your comment was your first response to an amazing post like this, you should look in the mirror.

Re: My startup failed, and this is what it feels like

#112

Earlier quoted context omitted.

Hey Andrew, I actually glossed over that out of respect for the 2 guys. My purpose was not to bitch about them, and many people who will read this post in my network will know who I'm talking about. There were mistakes made on both sides, but in the end I bent over backwards to accomodate them and as soon as YC was over and they could say they were YC founders they bailed. I'm not saying its entirely their fault - I…

you say in the article you were "stabbed in the back" by your co-founders. that's provocative language and an extremely strong indictment against two people that are not anonymous.

Sometimes people do get stabbed in the back. It is not provocative it is true. We don't know if there's another side of the story, but leaving without warning just right before a round close is really crappy.

Re: My startup failed, and this is what it feels like

#113
Nikki, thanks for sharing your story. You definitely experienced alot!

It sounds like you hit 2 of the biggest issues startups can face. Co-founder disputes and Product issues.

Re Co-founder disputes - once money gets involved and the cap table is in your favor in the early days, the st will hit the fan. Raising money dilutes everyone and that too has a negative effect of the minority holders and can create some bad energy.

As you found out working with the right people is super super important. What I have found that has worked super well for me is working with people I have worked with before. One, you know they are good (the ones you choose to start a business with them) and the honeymoon period doesn't exist so its all about execution. I don't believe in cofounder dating events.

As you found out having a mobile product is a big deal. People are mobile creates. Even more now then ever. So being able to reach them via the computer in their pocket is an opportunity not to be missed.

Regarding the Visas, E2 Visa would have gotten you into USA. Or you could have setup an entity remotely in USA and through the company setup E3/H1B for yourself and your cofounder. There are some obstacles to jump but possible with the right legal/immigration team.

Finally, I didn't see in your story mention of an advisory board? I have found that getting the right people around you can open doors to investors, industry people, advise on technology, product etc... highly recommended if you can use them wisely.

Overall I believe the experience you have gained at such a young age will only set you up for big success in the future. Don't give up and keep on going! Good luck!

Re: My startup failed, and this is what it feels like

#114
post #109

So I see another startup failed story. Thinking I'll read it later after getting something done. an hour later, I start reading... Right in the first sentence I see "99dresses". I have to admit, it took me a minute to process what's going on. She has been receiving significant coverage in mainstream Australian media. As someone, who is running startup from Sydney (there aren't so many of us), this felt like someone i…

I did the same thing. Thought I would read later, saw 99dresses and kept reading.

Sydney is pretty insular and almost everyone knows everyone else if not by reputation then personally.

Re: My startup failed, and this is what it feels like

#116

Earlier quoted context omitted.

I'm curious what YCombinator has to say about that kind of behaviour. Is this a unique case? Has it happened before? How do you prevent it from happening? What's the benefit of being able to say you're a YC founder?

>What's the benefit of being able to say you're a YC founder? Being able to attach the YC brand to your resume is probably very helpful when seeking investment for a new venture or applying for a job at a BigCo. Although I have no knowledge of the situation beyond this (very well written) post, I don't think it's farfetched that a couple developers would join an existing company just to experience YC and improve thei…

I can see some truth in that if you follow through. Bailing from something with high visibility will hurt your reputation rather than hinder. I assume that the prospective partners of these two people would be able to use google to find out just how substantial their YC foundership was.

Re: My startup failed, and this is what it feels like

#117
post #31

Earlier quoted context omitted.

Hey Andrew, I actually glossed over that out of respect for the 2 guys. My purpose was not to bitch about them, and many people who will read this post in my network will know who I'm talking about. There were mistakes made on both sides, but in the end I bent over backwards to accomodate them and as soon as YC was over and they could say they were YC founders they bailed. I'm not saying its entirely their fault - I…

I experienced a co-founder split not too long ago and I can definitely tell you from my personal introspection that you may need to look deeper than "it was my fault for not seeing the warning signs". It always takes two to tango and you're right to not bitch about them but then saying you were stabbed in the back is silly. Being a founder is tough, having co-founder problems is tougher, clearly understanding what yo…

Just a few points:

1. Even though I'd already spent 2 years on the startup, the first co-founder I bought on had the same equity as me. He wanted it, and I wanted someone fully committed.

2. I was off fundraising for 2 months, and my mistake was not communicating that really well with them. I wasn't a great leader at that time. However, I did notice something was off but I just thought it was post-yc depression (which is actually a thing, apparently). I asked them outright if everything was ok, and they said sure, that it would all be fine when we got back to Australia and moved on. I trusted them, and they lied to my face.

3. I think they were very naive, not malicious, in how they left. They thought everything would be fine if they just left, but thats not how startups work.

4. One of them refused to talk to me or give me an explanation after he left. I had to practically force him to meet me for some closure. Its like getting a divorce with no explanation.

I made mistakes too so its not all on them, but at the end of the day a co-founder is supposed to be your partner through thick and thin, and they bailed without talking through the issues at all which equates to stabbing me in the back. And they made sure to tell me this after I'd reimbursed them for thousands of dollars in expenses for their YC adventure.

The purpose of this is NOT to discredit them. I'm not a huge fan of them, but they dont deserve to be villified. I'm just trying to be a bit more transparent about what happened so that its helpful to some readers. I'm sure they've learned from the experience and will treat their next cofounders differently if they do start something else.

Re: My startup failed, and this is what it feels like

#119
post #104

Nikki, I just sent you a request for an interview on Mixergy. This is a courageous post.

is this a joke ? why are you telling others ?

No joke. I've gotten some of my best guests by commenting on Hacker News. The community here is incredible.

I would usually just leave it at an email, but I imagine her inbox is flooded after this incredible post. Also, I'm hoping her friends will see this and help me connect with her.

Re: My startup failed, and this is what it feels like

#120

"...I was going to go big or go home" Ms. Durkin I think you just need to go bigger next time. Don't just solve a small problem, solve a dire one that we all (man and woman, black or white) have in common. Why disrupt a market when you can create a new one while simultaneously destroying four others? You know, that sort of thing. Good luck!

Please point me to said markets so that I can become a billionaire!

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