[divya]

Great post! The thing that really rang true was the part about the fundraising/depression/derailment, and how that can lead a start-up to consider some random/terrible offers that would otherwise be totally bogus. Paul talked us off a few bad-acquisition cliffs as well.

We certainly went through all of that at Jamglue. It's absolutely true that being a founder, especially the fundraising part, requires a really thick skin.

Each time I think about doing another startup, I start having flashbacks to broken termsheets, bullshit EBITDA projections, and VC's telling us that they could introduce us to Quincy Jones (I swear, at least 7 different people told us this). When we came out of our fundraising stint (penniless), we realized that our product had suffered and we were completely broken people.

The ability to be self-aware about the emotional roller-coaster is invaluable, and essential to forward progress. Thanks for this honest account so that others can make some sense about what they are feeling.