Ask HN: If my startup fails, what are the impacts on my future career prospects? • Hacker News Board

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#41

Post by wtvanhest » Mon, Jun 20, 2016, 4:33 AM UTC

firebase wrote: post #40

wtvanhest wrote: post #15

I closed my startup 1 year ago. Your career prospects are at least what they were before you started your company, but you will have to answer much different questions than most people. 1. People will be concerned that you don't want to work for anyone else. It is important to remind the people that you meet with that you were willing to take on many, many more bosses than a typical employee. Customers, investors, fu…

May I ask what kind of products your startup was based upon, like online shopping, online community, real estate etc. and if possible what do you believe was the core reason or events that lead to its shutdown. Thanks.

I was attempting to remove risk from a niche of the real estate funding market while providing small funds with more access to capital. Ultimately there was only weak demand for what I was providing. The switching cost from the way they were currently doing business was not overshadowed by what we were providing. I am happy to provide a more lengthy explanation if you are in that space. Just email me.

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#42

Post by [deleted] » Mon, Jun 20, 2016, 3:18 PM UTC

beachstartup wrote: post #3

shortsightedsid wrote: post #2

My startup failed last year. It wasn't the greatest feeling to be back searching for a job. I did find a good job and I'm at a good place now. I joined as a developer. I was the CTO of my startup and was a senior architect looking across multiple domains in my previous job. Now, I'm more a specialist, looking at one single thing while it's expected that someone has the responsibility to solve a different problem. To…

i think this is the reason most companies fail. people do too much, and aren't able to do a good job at any of it. people lie to themselves and think it's even remotely possible, when it's not. you're going to do a shit job at every one of those 4 jobs if they're all your responsibility. i think companies that raise or make money quickly are able to actually dedicate people to very, very, very critical shit, and will…

[deleted]

Re: Ask HN: If my startup fails, what are the impacts on my future career prospects?

#43

Post by WalterSear » Mon, Jun 20, 2016, 9:47 PM UTC

- Anyone with startup experience will high five you during the interveiw when you mention the failure, and will be interested in discussing what went wrong.

- People coming in from the outside, such as HR and recruiter staff won't get it, and will snidely try to get you to admit that you were actually fired for cause, or were responsible for the ship going down.