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I am done. I give up

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Re: I am done. I give up

#461
This is not an era of entrepreneurs and there might never again be one that conforms to the stereotype.

Its an era of industrialized cookiecutter startup generation, too much money chasing too few worthy ideas, overwhelming oligopoly power, permacrises that wake nobody up from the consumerist get-rich-quick stupor, an era of dwarf politicians, and supersized hypes, engineered manias and fomo and a dazed, confused and bitter body politic.

Its an era of startups-as-a-service and right now we are probably entering the managing-startup-failure-as-a-service phase.

We are, in part, complicit in this state of affairs, the way the cogs of a malfunctioning machine are both cause and victims of its unhappy unraveling.

Re: I am done. I give up

#462

Earlier quoted context omitted.

Unfortunately another component of the Nordic model that makes it work is that everybody trusts the government. This is what makes the Nordic model hard to translate to other settings in my opinion.

They're high trust societies in general, partially because they're small monocultures. As Robert Putnam's research shows, in multicultural societies, especially large ones, trust rapidly declines, surprisingly even within cultural groups. Trust in government falls even more rapidly as each group starts to perceive those in power as being more favorable to one group or another, even if those in power are from their ow…

"High trust" seems entirely contradictory to Danish society. Universal skepticism and a universal dislike for every other human in existence are the core ideologies here.

Maybe a tendency to not interfere with tasks assigned to others to avoid having to deal with people is being misinterpreted as trust?

Re: I am done. I give up

#463

You got a lot of good advice here. So I'll keep it short. I'm 32 now. I spent my last 12 years building companies. They all failed; I didn't earn a penny, and I didn't even get venture capital, and it made me feel like a failure. And I'm talking serious attempts. 6 years, 2 years, 1 year and in between a lot of research & freelancing to evaluate other ideas. I'm leading a 40 people team, and it's going well. How did…

Thanks for sharing your story. Your experience is key—there may be a strong luck component to success, but with enough attempts, it seems that your luck increases. Often, hidden behind "overnight successes" is a trail of failures.

Yes, exactly. You'll be surrounded by succeeding and failing people, and you'll see patterns in decision making, execution and (in)valiations. It helps tremendously. Also, I'm feeling very confident in my position and execution because I've suffered enough over the past years. So current challenges feel much easier.

Re: I am done. I give up

#464
> I know I'm not alone in feeling this way. There are so many other indie entrepreneurs out there who are struggling and feeling like they'll never make it. If you're one of them, I want you to know that you're not alone. It's okay to feel defeated and to want to give up. But please don't give up. Keep pushing forward and don't let the failures define you. There's always a chance for success, no matter how small it may seem.

It’s interesting how one can say something to others and do the exact opposite a second later. It seems like you’re ok with others doing the hard work, but not yourself.

IMO its hard, but possible. If others could do it, so can I. I have learnt that by being consistent and working hard, things eventually work out someway.

Re: I am done. I give up

#465
Great post and I am sorry that you have suffered these failures. While I agree with you that the scam artist influencers share some of the blame, I think there is another culprit at work here: the mindset that it must be the "brass ring" or nothing!

What about a simpler path of just being a good developer, working for a stable tech company and building a life around the good salary, good work and good people that an IT Career affords?

Though I also had dreams of a hit product and failed at one such endeavor, it was as a side-gig, and I have become modestly successful in my career. Or maybe I should say "successful enough". I hope you can also find a path that is deeply satisfying. Best Wishes!

Re: I am done. I give up

#466
> Keep pushing forward and don't let the failures define you.

Next line

> But for me, I can't take it anymore.

How can you advice something you're not doing?

I don't question you have worked really hard and pushed yourself to the limit, but I would look at the experience you've gained as a learning experience and seeing things from different perspective when you get a job. Now you will see in more clarity why decisions are made at work, and how hard it is to sell a product.

Celebrate your learnings, your situation is the majority, very few startups will succeed.

Re: I am done. I give up

#467
I hope you find some peace. I don’t know what generation but if you are a zoomer, maybe this really is a shocking thing. Influencer culture is very alluring and I think for newer generations that didn’t have people explaining basic things about the world, it is very easy to believe social media influencers have discovered a new reality. Many of these influencers are what we used to call frauds and what they are selling is the appearance of a lifestyle, which they ultimately fulfill, many times, by influencers and not whatever method they are claiming. People that presented themselves as rich and sold get-rich-quick schemes, actually got rich selling courses.

Not all “digital nomads” are exactly like this but many of these self-proclaimed nomads are really doing consulting work. The word “startup” is just a hip way of saying “new business” and they have all the same problems that businesses have had since time immemorial. Most businesses fail. If it was really this easy to get rich in a startup, everyone would do it; it’s not like everyone is just totally stuck in the Matrix, as far startups go. The typical advice is to learn from your failures. I don’t know you or your startup abs don’t want to presume too much but it seems like you spent too much time buying into social media hype. Many people fail several times before they are successful or just give up. A lot of startups are risks; several big startups were just people that looked at existing industries and laws around them and asked “what would happen if we just break all those laws and regulations?” like AirBnB, Uber, FTX, etc. Some times it works out and sone times it doesn’t.

Maybe rather than looking at social media influencers, you should look at entrepreneurs that were successful in the past; not looking at vanity self-aggrandizing social media but look at biographies and post-mortems and try to understand real business.

Re: I am done. I give up

#468

Earlier quoted context omitted.

This. It's the "developers trying to sell products to other developers" conundrum. You know the development workflow. You came up with a great tool to increase productivity for developers. You set a low price of $50. And yet no one is going to buy it because "lol I could do this in a weekend". Developers are cheap bastards (I'm still fighting over whether I should shell our $99 for Panic's Nova editor or not - even t…

I actually totally disagree with this. Developer tools are probably one of the easier segments to tackle because technical people 1) like trying new things and 2) often have company credit cards that don’t have to justify expenses.

Having worked in a successful developer tool (Firebase) this is utter nonsense. Developers are super cheap. People are ringing their hands over the 10 dollar per month copilot price for the world beat ai to help you code for Christ' sake.

Re: I am done. I give up

#469

Earlier quoted context omitted.

I looked up taxation in Norway, it looks very similar to ours. Personal marginal tax rates cap at 48% and corporate taxes are 23%. What am I missing? https://en.m.wikipedia.org/wiki/Taxation_in_Norway

You’re missing the wealth tax. 1.1% of global wealth, including unrealized gains of startup share positions. https://www.skatteetaten.no/en/rates/wealth-tax/

I know a lot of founders whose companies are allegedly worth a lot on paper, but cash on hand is very limited.

I wonder how the wealth tax actually works. Do I want people to invest in my company if that's just going to increase the valuation and my tax bill? Surely there must be some exceptions...

Re: I am done. I give up

#470

You got a lot of good advice here. So I'll keep it short. I'm 32 now. I spent my last 12 years building companies. They all failed; I didn't earn a penny, and I didn't even get venture capital, and it made me feel like a failure. And I'm talking serious attempts. 6 years, 2 years, 1 year and in between a lot of research & freelancing to evaluate other ideas. I'm leading a 40 people team, and it's going well. How did…

Same here. My first "startup" was dropshipping textbooks to fellow college students when I was a freshman 14 years ago. Learned a ton at a series B "startup" straight out of college in customer support and within 7 months, was fired. Spent 5 years as a founder at remarkhq where we couldn't figure out the business model to get paid while frame.io raised a massive amount of money to copy us and eventually led them to $…

Congrats, man!

We're also facing hard issues every now and then and then you face things like strong competition that can make you nervous at times (depending of the scale of your industry), but having suffered more personally in the past in this context, just helps to face these things today much easier.

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