The bare truth about a failed startup
- Transfer
Somehow, I managed to create an application that a couple of three people seemed to like. Luck turned to me and found me an investor in the United States, who saw my creation and saw something in me. He gave me a chance. He invested his money in me and my company.
A couple of years have passed. The company is still holding on, but already on its last legs. She is living the last days. I suffered a failure. I didn’t manage to develop my idea properly, it seems that I lost my skills. Money will run out in the coming months, and I will not be able to pay the bills. Everything will burst.
It seems to me that investors lost faith a couple of months ago. They no longer contact me. Now they don’t even follow me on Twitter, and if they write to me, and I answer, then I don’t get a reaction to my questions.
Pretty bad to live with the thought of an inevitable end. You know that another month or two, and your whole life will go to dust. You tried everything, but nothing came of it. The end is near. And you have to live with it. This is a constant state of ever-deepening depression.
When my family asks me how things are going, I, like all entrepreneurs, answer: “Great!” I have no idea how to tell them that it's over.
Investor funds have almost run out. I do not have my own savings.
I look at Hacker News articles about depression and entrepreneurs. Most of them are quite far from reality. There is not a word in them about the sensation of an imminent end, about the sensation of failure. There is nothing about loneliness in them, in which there is no one to whom the soul could be poured out.
I would just like, leaving, to give advice to those who are just starting their business. Please think carefully before borrowing money. Even if I let all my money go, I could survive it. But when you get the support of a team of investors who believe in you, only then to let them down, it is extremely difficult to come to terms with this. Try to develop and finance your own product as much as you can. At least until you make sure that the idea is really worthwhile (which takes not so little time).
A couple of years have passed. The company is still holding on, but already on its last legs. She is living the last days. I suffered a failure. I didn’t manage to develop my idea properly, it seems that I lost my skills. Money will run out in the coming months, and I will not be able to pay the bills. Everything will burst.
It seems to me that investors lost faith a couple of months ago. They no longer contact me. Now they don’t even follow me on Twitter, and if they write to me, and I answer, then I don’t get a reaction to my questions.
Pretty bad to live with the thought of an inevitable end. You know that another month or two, and your whole life will go to dust. You tried everything, but nothing came of it. The end is near. And you have to live with it. This is a constant state of ever-deepening depression.
When my family asks me how things are going, I, like all entrepreneurs, answer: “Great!” I have no idea how to tell them that it's over.
Investor funds have almost run out. I do not have my own savings.
I look at Hacker News articles about depression and entrepreneurs. Most of them are quite far from reality. There is not a word in them about the sensation of an imminent end, about the sensation of failure. There is nothing about loneliness in them, in which there is no one to whom the soul could be poured out.
I would just like, leaving, to give advice to those who are just starting their business. Please think carefully before borrowing money. Even if I let all my money go, I could survive it. But when you get the support of a team of investors who believe in you, only then to let them down, it is extremely difficult to come to terms with this. Try to develop and finance your own product as much as you can. At least until you make sure that the idea is really worthwhile (which takes not so little time).