Don't feel bad for the investors, they took a risk and it didn't work out. Pick yourself up, dust yourself off etc.
The Truth about a Failing Startup
81–90 of 169 posts
Re: The Truth about a Failing Startup
#82I'm not sure if I agree with this.
1. There's nothing wrong in failing 2. Investors run a business - with a business, you have things that fail and things that succeed; they know that there is a probability of your startup failing and have gone through that multiple times
If your investors don't want to talk to you anymore just because your startup failed - you have shitty investors.
If they truly believe that you are solely responsible for the failure - they suck. It is their responsibility to help you succeed, and when you dont, be there for you and try to take responsibility for a small part of that failure.
I know it sucks to fail. When impending doom closes on you, you always feel like writing a 200 word rant essay on pastebin, but it is OK to fail and you will succeed. It's all a question of learning from this experience and moving on..
Re: The Truth about a Failing Startup
#83I've been in is situation, and the best feeling was when I called the shots and quit. The last thing you should worry about is investors: they are not paying for guaranteed success, and they should know that. It's exactly like a lottery ticket - they pay for a chance of success, and that's what you deliver.
Re: The Truth about a Failing Startup
#84Been there, done that. You know what? Failure is just an event. Its not you. You havent lost your "touch", because there wasnt one to lose from the start. You just got lucky. It didnt work out. Now, understand that being average is OK, and pretty awesome too. So you didnt hit it big, but you had an average run. You did not become Instagram, but you had average sales. You made average money and had average success. Ag…
Dead post (curiously, the account is dead with no obvious cause; perhaps it was associated with accounts that were up to no good?) zerocool1989 3 hours ago | link [dead] I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed. -- Michael jordan -----
Re: The Truth about a Failing Startup
#85I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed. Michael Jordan
Re: The Truth about a Failing Startup
#86Been there, done that. You know what? Failure is just an event. Its not you. You havent lost your "touch", because there wasnt one to lose from the start. You just got lucky. It didnt work out. Now, understand that being average is OK, and pretty awesome too. So you didnt hit it big, but you had an average run. You did not become Instagram, but you had average sales. You made average money and had average success. Ag…
> Now, understand that being average is OK, and pretty awesome too.
I disagree, anyone who has the balls to start something new, whether they succeed or not, is far from average.
Re: The Truth about a Failing Startup
#87Who wrote this? I'd like to talk to you - chrisjtow@gmail.com
Re: The Truth about a Failing Startup
#88Hey, fellow failed entrepreneur here.
My startup failed about 6-9 months ago. It was a very difficult time, our business partners went back on their promises and with that 3+ years of my life went down the drain. It was a terrible couple of months, lots of lost sleep, high blood pressure, I'm still dealing with it.
I was unemployed for a couple of months, then finally took a job at a great company, where I feel great. Things were finally picking up. I thought I was fortunate because I had my wife who supported me through it all.
Then a month ago my wife, who I thought would be my partner for life left me. Bam. You think a failing company is bad, try this. I just got thrown back to being 25 and looking for a date, sth I thought I left behind me forever. It was I hope the final price I payed for concentrating too much on my startup the preceeding years.
Lessons learned? Too many, but I'll just say this. The buddhists are right, the only constant in life is change. Shit will happen to you, whether you're rich or poor. Companies will go under. You may lose money. You will be fired from jobs. Your partner may not turn out to be who you thought she is. Somebody close to you could get sick. Your parents will die. It's just life. You have to accept these things will happen and do your best to prepare for them.
It's though, some people are much better at it than others, but it's normal if you can't get over these things in a day or week. Medicine might help (eg. sleep, anxiety), but go easy with that stuff.
Don't lie to your parents. They're your safe harbour, they will understand and help you. Tell them what's going on. I'm 32 and although it doesn't feel very manly, talking to my parents about my current situation is what's keeping me sane.
Re: The Truth about a Failing Startup
#89It's fine to feel down about failure but please don't feel bad about the investors for a second. They invested in your idea for success, failure is part of that investment.
If you're this far down the rabbit hole, stop digging, spend as little as possible, and try a different idea ASAP.
And remember, above all else, be true to yourself.
Re: The Truth about a Failing Startup
#90If If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too: If you can wait and not be tired by waiting, Or, being lied about, don't deal in lies, Or being hated don't give way to hating, And yet don't look too good, nor talk too wise; If you can dream---and not make dreams your master; If you can…
Powerful poem. Love it!