61–70 of 229 posts
Jason Lemkin recommends giving it 24 months to start a B2B SaaS. B2B SaaS is a long road despite the big splashes sometimes seen like Slack or Intercom. https://www.saastr.com/if-youre-going-to-do-a-saas-start-up-... Also watch the CEO of Segment talk about their journey to product market fit. https://www.youtube.com/watch?v=_6pl5GG8RQ4
Brutal truth: You have zero confidence in your own product. So yes, shut this down as gracefully as possible. Taking on the entire world is hard enough even if you do believe in your product.
Good advice, but it's not that OP has 'zero confidence' in the product. He/she says how it failed the most important test. >... in my understanding we've failed at the most important thing: finding product/market fit
They built something, sure, but the technical cofounder believes it has very little/no utility. That's telling.
Time is an even scarcer resource than money. You don't have much money. You don't believe in your product. All signs point negative. If you're looking for permission to cut loose, you have it. Work on something you believe in. Don't waste any more time on an unworkable startup.
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This is slightly off topic, but I have noticed that about half the time on HC when someone says contact me that they have no contact details in their profile.
I suspect that's because HN doesn't make it clear that your email isn't publicly visible on your profile.
Earlier quoted context omitted.
Good advice, but it's not that OP has 'zero confidence' in the product. He/she says how it failed the most important test. >... in my understanding we've failed at the most important thing: finding product/market fit
How is that not zero confidence? They built something, sure, but the technical cofounder believes it has very little/no utility. That's telling.
Per his OP, the technical founder has not explicitly stated whether he believes that the product has zero utility. Rather he's saying that he found out (from data I suppose) that there is no product market fit for it.
Read your OP and all follow up posts in the thread. My advice is take 2 weeks vacation (travel somewhere), and do not work during this time. You need to step back and digest what you’ve learned so far. Don’t feel guilty about taking this time, it’s necessary for making an important decision. If you come back after 2 weeks and feel the same way, shut it down and return funds to investors. Your investors and advisors a…
when we started we had 3 employees. we carried 3 employees for 3 months at which point we went down to 1 employee and myself. it is only as of last month that i'm the sole employee of the company (and obv the burn has gone down proportionately)