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Raising money fucked me up

blog.yakkomajuri.com

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Re: Raising money fucked me up

#31

[flagged]

It's a hard call to name root causes.

If they hadn't taken the money, what would the counterfactual article have said?

Everybody creates narritives and belief-systems, where causes and effects seem so clear.

Perhaps I'm far too skeptical about their self-analysis. I've met very few people where their own analysis about themselves has matched what I have read in them. So many people misread their own minds and emotional drives. So I have learnt to cynically look for excuses and rationalisations and justifications.

The article is brilliant because we too rarely hear about people's doubts and negatives.

Some people (whether successful or not) do know themselves, but it is uncommon in my experience.

I helped bootstrap a business and we were in an incubator. There I saw some of the side-effects on businesses and founders from taking investment. We were just lucky that we couldn't be bothered with doing the distracting pony-show to get an investor onboard: we would have taken investment if it weren't so costly to do so.

Money and ownership causes weird pressures.

Re: Raising money fucked me up

#32
> It's much more comfortable to be the person that "could be X" than to be the person that tries to actually do it.

Brilliant insight.

Reminds of me this, from Theodore Roosevelt's Citizenship in a Republic:

> It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

Good luck, and go get 'em.

Re: Raising money fucked me up

#33
Dont worry pal for the investors you are a bet. They have many bets and they expect most to lose and one to win big. It is wrong to think that not turning $1m into $100m or $1bn is letting someone down.

Be the bet. Do your thing and you might be right. They dont need you to make a sale tomorrow.

Re: Raising money fucked me up

#34
Well written. One interesting pattern in founders I've been thinking about recently is how early you encounter major blockers, and how that shapes your self worth.

Having a strong product and being unable to raise feels like shit, early users may validate you're solving a problem but it may not make sense to investors.

Having an early raise is a very positive signal, I can only imagine you're perceived trajectory coming out of that. Being unable to settle on a problem also sucks in a different way.

Regardless of what camp you're in I feel the take-away is you need to focus on reflecting inwards. Be better than you were yesterday, not better than someone's projections on LinkedIn.

Re: Raising money fucked me up

#35
post #9
post #7

Expectations that we hold inside of ourselves can be a really difficult echo of identities we tried fantasizing about when growing up and as an adult. We want to do well, we want the approval, we want the validation. The anxiety over expectations can kill you. It’s self abuse - people (investors, bosses, spouses) don’t invest in you for your anxiety driven productivity, they do it because of who you are outside of th…

Can you separate "who you are" from that worry? Seems to me it's a part of you and you wouldn't be you without it, for better and worse.

[deleted]

Re: Raising money fucked me up

#36
Some feedback from me (not a likely user though):

- It was easier to find a link to where you worked at than your repo (https://github.com/skaldlabs/skald?tab=readme-ov-file), you should have linked it visibly

- I had no idea what / why I should use it so I looked at the demo video and it didn't seem to solve any particular use case for any particular problem, it was more a ,,config'' video instead of a demo video

- From reading the (quite interesting) article it seemed like you are focusing on pivoting instead of iteration speed. Have you tried for example to just query an LLM to build the whole project that you have done? How much time would be to vibe code it?

I know that HN is mostly against vibe coding, but if the project could have been created in 1-3 days and you took 3 month, that's a bigger issue than growth itself. In that case the metric that should be looked at is iteration speed instead of just growth (both are super important though!)

Re: Raising money fucked me up

#37

Some feedback from me (not a likely user though): - It was easier to find a link to where you worked at than your repo ( https://github.com/skaldlabs/skald?tab=readme-ov-file ), you should have linked it visibly - I had no idea what / why I should use it so I looked at the demo video and it didn't seem to solve any particular use case for any particular problem, it was more a ,,config'' video instead of a demo video…

> "- It was easier to find a link to where you worked at than your repo (https://github.com/skaldlabs/skald?tab=readme-ov-file), you should have linked it visibly"

Genuinely curious, can I ask why this is relevant to point out? This seems like just a general blog post, about raising money for a startup and personal reflections on it. Why would a link to a github repo be an important part of that?

Re: Raising money fucked me up

#39

Some feedback from me (not a likely user though): - It was easier to find a link to where you worked at than your repo ( https://github.com/skaldlabs/skald?tab=readme-ov-file ), you should have linked it visibly - I had no idea what / why I should use it so I looked at the demo video and it didn't seem to solve any particular use case for any particular problem, it was more a ,,config'' video instead of a demo video…

> "- It was easier to find a link to where you worked at than your repo ( https://github.com/skaldlabs/skald?tab=readme-ov-file ), you should have linked it visibly" Genuinely curious, can I ask why this is relevant to point out? This seems like just a general blog post, about raising money for a startup and personal reflections on it. Why would a link to a github repo be an important part of that?

It's just part of both getting feedback and general sales.

For engineers it feels too pushy / not genuine, but after spending time / effort on a great non-generated interesting article, inserting a link for people who want to check it out isn't pushy.

Re: Raising money fucked me up

#40
> The thing is: it's a lot easier to live your life thinking you could have done X if you wanted to, than to "disappoint" these people that believed in you by trying and failing. You can always lean on this idea in your head of what you could have been, and how everyone believed in you so it must be true, but you just chose not to follow that path.

sometimes the best decision is the one you don't take.

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