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Ask HN: losing faith in the startup where I'm employee #1

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Ask HN: losing faith in the startup where I'm employee #1

#1
I'm very new to the startup world. A year ago, I left academia to join a startup as the first engineer employee. The skies were bright, we were going to change the world and become rich and all be happy together.

Now a year later, things are way more gloom. We haven't raised any money, as of today we have effectively 0 active users, and our total revenue over the past year has been ~$100.

Out of 3 founders, none is technical (the CTO is a very, very well connected industry veteran though), and they are all very unfocused and out of touch with certain realities (for example, they filed a patent for a silly tech idea right after incorporation and keep trying to implement that technology in products although it doesn't really solve anything).

During meetings, I always feel like a killjoy by attempting to be realistic and focused and reserved about the brand new idea they come up with every other week and that I need to get started on right when the meeting ends.

I don't feel like it'll get better, and although it was a great opportunity I think it's time for me to move on to brighter horizons.

The main problem is that I've grown to really like the founders on a personal level, they are really well connected so I wouldn't want them to tarnish my reputation as a young engineer completely new to the valley/startup world, and if I leave, the company will probably die off as I'm the only one writing code and making products exist (they'd probably end up paying contractors/freelancers as they can't afford to be competitive on salary or benefits).

I think these last few points might be the result of my inexperience with startups and that I dug myself into that hole— but any insight or advice would be very, very much appreciated.

Thanks!

Re: Ask HN: losing faith in the startup where I'm employee #1

#2
The dearest investments we make are the months and years of our lives. Make them worthwhile.

Find what is right for you, then leave to do that. Tell the founders how much you like and respect them as you go. You don't need to carry the weight of the company on your shoulders. Your departure may even help them move on to something better.

Re: Ask HN: losing faith in the startup where I'm employee #1

#3
It looks like you need a clear plan, and stick with it. Weekly meetings are not there to change the plan, they are there to make minor adjustments, resolve the roadblocks and discuss progress and strategies.

If you believe in your main idea, you should start with making minimum viable product and see if your idea actually works. Funding is optional, unless your website requires something special that needs money.

Re: Ask HN: losing faith in the startup where I'm employee #1

#4
I have already been once where you are today. My simple suggestion would be to leave on a good note and go pursue something better. There are many more guys who are looking to join a startup and I am sure your bosses will get hold of someone else. Given the fact that your company does not actually server any active customer, 1 month of No-Development would not be of much harm to the company owners.

Re: Ask HN: losing faith in the startup where I'm employee #1

#5
I'd say go before it's too late. Being there, done that. After 3 years I realized that the founders wouldn't change their M.O. And that was after writing 3 products, developing the team, deploying the thing. There are plenty of good start-ups to work. Take that lesson as lesson learned and move on.

Re: Ask HN: losing faith in the startup where I'm employee #1

#7
As a young, overly-optimistic, bright-eyed developer, I'll share a lesson that sounds obvious, but somehow sometimes isn't:

It is not my job to prop up someone else's failing business model.

It's one thing to take a lower salary in exchange for equity because you really believe there's a shot at making a return. And it's OK to take a lower salary to work on really interesting problems. But you aren't a co-founder, you're an employee. You have no professional obligations beyond your 2 weeks' notice. In this world, you've gotta fight for your wealth, health, and goals, because nobody else will do it for you.

Good luck!

Re: Ask HN: losing faith in the startup where I'm employee #1

#9
Move on. Quick.

Three non-tech founders, after 1yr no funding, patenting in early stage ... you are wasting time.

Don't worry about the personal relationship. Just stay polite, try to reason your leave, why you have to move on and that you stay available for smaller Q&A. They will try to convince you to stay and to sell the big dream (that's their job) and maybe subtly pressure you by not liking you anymore. But that would be another reason to move on.

Or: talk to those of the three you really like and (if your want to keep on working with them) define new rules: find a new idea to pursue, demand equal equity and setup a new company/legal entity with the desired ones.

Re: Ask HN: losing faith in the startup where I'm employee #1

#10
Cut your losses and move on. You will only have so many opportunities to play the startup game in life... and probably many less than you anticipate.

They may be very likeable and connected but they are not performing at their job. They need to be driving growth by bringing in revenue, leads, funding, etc. as well as strengthening the business by reducing vulnerabilities (like having only 1 person that knows the technicalities of the product). If they are screwed after you leave that is more their fault than it is yours - that is a lack of management foresight.

Just be straightforward but nice with them - you won't be burning any bridges.

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