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by lrmunoz
4237 days ago
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I realised my startup had failed last year, and part of the realisation was that it was doomed from the start. When I was coming to terms with that I applied to a bootstrapped startup for which I'm now the CTO. It's nice to have a steady salary now while I learn a hell lot about how to run a successful business in the real world Why did I fail? Well, basically what I wanted to achieve was only a nice idea, one that everyone loved when I explained it. But then, when we implemented it, it was so badly executed that it didn't do anything useful. Then we fell in the feature creep trap, I argued with my co-founder and he parted (because I didn't listen to him, and because he wasn't 100% committed), pivoted into another failing product (at least I managed to sell it and have some real customers) and finally entered into zombie mode for a while (actually the company is still officially in business as I had to take on some consultancy projects in order to pay back €50K in loans we took). Total time of my life spent: 4 years. In the future, I will try it again, and of course I will do different. First of all, it'll be small from the start (I'm even thinking of doing something that just provides some passive side income, in the level of 1000€ a month). Then it will have to be profitable from the beginning. |
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