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Ask HN: My company went bankrupt today and I have 2 options

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Re: Ask HN: My company went bankrupt today and I have 2 options

#11
post #5

You haven’t really said much about your personal situation and in this scenario it’s very important. - Do you have a family or other dependents? - How much do you have in savings? - Could you fall back on e.g. moving in with parents in the very short term if things go horribly wrong? Entrepreneurship is a wonderful adventure but at a very base level you need to be able to put a roof over your head and eat. As long as…

The other question missing is: Do you have solid co-founders to do it with?

Re: Ask HN: My company went bankrupt today and I have 2 options

#14
“We are not generating any revenue at the moment”

All of the advice given so far about your personal family life is important and should be considered…

BUT…

You should attempt to get a job in B2B tech sales before picking up entrepreneurship again.

You lose nothing by taking the time to learn. In fact, see it as part of your business journey.

As a fellow engineer, I empathize completely and had to unlearn a lot of things to become successful business.

Best of luck.

Re: Ask HN: My company went bankrupt today and I have 2 options

#15
There's a dangerous line of thinking around "my business isn't producing revenue because I'm not full-time focused on it." I've fallen into this trap and learned the hard way that full-time focus was not the issue.

You have a team for in-house mobile apps, but you don't have any revenue. Why is that? How will you fix it?

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