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Ask HN: I think my startup is going to fail, what should I do?

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Ask HN: I think my startup is going to fail, what should I do?

#1
Dear Hacker News:

About six months ago, me and two of my friends (we work at the same company) decided to go and start a startup. Since we didn't have funding, we figured we'd keep our day jobs, build the website, get a few users, and then quit and work on the company full time. The initial plan was for me to do the programming/technical stuff, one of my friends to handle getting funding and the other to handle marketing/getting users.

I've built a pretty decent site (in my humble opinion), but I think my friends want to abandon the project. They've floated the idea (several times) of just scrapping all my current code and starting over, they don't propose new features anymore, they haven't gotten around to getting the paperwork to form the company since they said they would (in June) and they say now they might never do it, etc., etc.

I only put a few months of full-time equivalent work into the company, so it's not the end of the world if it fails, but this sort of thing seems to keep happening to me. When I was in college, I did some research with a professor and he never got around to helping me with the write-up and publishing. I wrote a long article for a magazine last year, sent it in to the editor, they said it was very nice and then ignored it. I did part an earlier web application four years ago, but my co-workers never launched it. How can I avoid this sort of failure?

Re: Ask HN: I think my startup is going to fail, what should I do?

#5
post #3

better question: after a few months of full-time equivalent work, why don't you have something you can launch? or is it not that type of company?

We could have launched it last month, but I don't think I could handle the workload myself in my spare time, and they want to keep delaying our launch until they think the site is perfect.

Re: Ask HN: I think my startup is going to fail, what should I do?

#6
post #3

better question: after a few months of full-time equivalent work, why don't you have something you can launch? or is it not that type of company?

We could have launched it last month, but I don't think I could handle the workload myself in my spare time, and they want to keep delaying our launch until they think the site is perfect.

screw that, launch. launch it and control your workload by controlling your marketing plan, trying to keep the number of users in check with what you can handle. then polish it.

Re: Ask HN: I think my startup is going to fail, what should I do?

#7
>>How can I avoid this sort of failure?

It seems like all of these "failures" were related to your dependence on some other people. Once they gave up on you, you seemed to accept the effort as a "failure".

I have two suggestions 1. Perhaps pick your partners a little more carefully 2. Work on a venture that doesn't depend on other people ...or at least don't give up immediately after your partners give up. imo suggestion-2 is the way to go, but perhaps you should also consider why you have always been dependent on other people for your success plans.

Re: Ask HN: I think my startup is going to fail, what should I do?

#9
Ask them to sign over all rights for the company to you. Prepare to be busier then you've ever been. Launch. The worst case scenario could be that you get no users... if that happens, search out a new partner, it should be easier to find one with a prototype already built.

If the other worst case scenario happens and you get a lot of users, good problem to have! Find some more help at that time.

You are on the cusp of succeeding or failing. Nothing has been determined yet, and don't let your partners decision to do nothing stop you. Oh, and it sounds like they haven't done anything yet.

Next time make sure your partners are putting in as much effort as you are along the way so that you aren't the only one with flesh in the game and they along for the free-ride.

Re: Ask HN: I think my startup is going to fail, what should I do?

#10
post #6

Earlier quoted context omitted.

We could have launched it last month, but I don't think I could handle the workload myself in my spare time, and they want to keep delaying our launch until they think the site is perfect.

screw that, launch. launch it and control your workload by controlling your marketing plan, trying to keep the number of users in check with what you can handle. then polish it.

Seconding this. You're not going to have a perfect site specifically because you haven't launched. Without audience feedback, all you're doing is endlessly second-guessing yourselves - that sort of feedback exacerbates any existing groupthink behind the design, potentially causing it to be far less usable than it originally was.
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