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After this, I'd never give this guy time or money and I doubt anyone else will either. No matter how shitty you feel about your start-up, if you have a willing

After this, I'd never give this guy time or money and I doubt anyone else will either. No matter how shitty you feel about your start-up, if you have a willing team and cash, you should see it through. Being an entrepreneur isn't always about having all of the answers. It's very often about not knowing the answers and figuring things out. Especially if you have a team and cash flow and investors. I think this guy needed to take a day off or seven and get his head back on straight. I'm nearly positive every entrepreneur goes through the "doubt" process many times in a given start-up. It's the person that figures out how to renew themselves that ends up succeeding.

kasey_junk 10y ago
> The rest of the team kept their day jobs. > The team was excited. Our potential investors were excited. He didn't really have a team and he didn't really have investors. He took a personal risk and found it wasn't working. He shut it down before it got expensive for people other than himself. I applaud this. People, especially around here, need to understand failure is the norm. This person failed fast, well. Nice work. On to the next thing.
- ChicagoDave 10y ago
  This goes to my core belief that "failing fast" is bad for entrepreneurship. It is far more rare for an initial idea to succeed than one that morphs out of original ideas. Even Facebook started out as something other than what it is now. I have nothing against accepting failure in an idea. My first start-up failed and I had to let it go. It was really fucking hard to do that. But I tried to pivot twice before finally letting it go and I worked at it for a number of years. The people that want us to fail fast don't have entrepreneurs best interests at heart. They're looking for quick wins and the more starts and fails they get, the better _their_ odds of something "popping". But there's something to be said for perseverance. I won't argue that there shouldn't be a balance, and maybe I was too hard on the OP, but it sounded to me like he needed to step away and think about it, not just let it go. But I guess we have to defer to his judgment since it was his idea. I just really don't like fail fast mentality.
sparkzilla 10y ago
It's only a matter of time before this kind of thinking results in founder suicide. I've read multiple cases where investors, including Y Combinator, forced founders to pivot, which caused serious mental distress to the founders. If the idea won't work, drop it, and drop the founders too, until their next project can be properly assessed. Dropping a project doesn't mean the founders are bad founders or that they are great founders - it simply means that they realised the limitations of the project. Investors should keep the founders in mind for their next project, but giving them cash and forcing them to pivot is a sure way to disaster. Ideas need time to develop. Tim should be commended for realizing that his product would not work, and dropping it before it caused his team and the investors even more stress. I consider his post a sign of maturity and look forward to hearing about his next project.
- dang 10y ago
  > I've read multiple cases where investors, including Y Combinator, forced founders to pivot I don't think you should sling this kind of thing around so lightly. It's trivial to post charges like this on the internet and have many people just believe them. But this is a serious thing to say right after you've invoked the idea of suicide, and doesn't remotely resemble anything I've observed at YC. In my observation, YC partners don't "force founders" to do anything; they couldn't anyhow, and they don't think that way in the first place.
  - sparkzilla 10y ago
    Here's one Y Combinator founder who spoke out about the continual push to pivot. https://backchannel.com/how-i-f-ed-up-in-ycombinator-35a19e7ace68?hn=1#.7yt9k559a https://backchannel.com/how-i-f-ed-up-in-ycombinator-35a19e7... >The last few weeks of the program are a bit of a blur. My morale plummeted, and my stress skyrocketed. I dreaded going to the weekly dinners, where I would have to talk to my cohort and confirm that no, we hadn’t found an idea yet and yes, we were still super excited about our “company.” I did little else but eat, code and sleep. I felt like everyone else was ready to raise millions, while we were desperately trying to find a product. >Postponing Demo Day was a no-brainer. We didn’t have an idea we believed in, and although we could have cobbled one together and raised some seed funding, we didn’t want to do that. I didn’t want to do that, in part because it seemed disingenuous. But primarily it was because taking half a million dollars of other people’s money would have moved my stress level from unhealthy to crippling. >But skipping Demo Day didn’t fix our lack of conviction. The rapid-fire pivoting continued. Around this time, I started coming to terms with the fact that I was seriously unhappy. For as long as I’ve been interested in startups, I have never wanted to start a company simply for the sake of starting a company. Yet doing things “for the sake of starting a company” was where I found myself, as I scrambled for a plausible idea.I don’t know if this is true for other people, but as a flailing founder I desperately wanted to believe in the startup myth—that success was just over the next ridge, that if we waited a bit longer, or had a slightly better idea, we would suddenly be riding a rocket ship. I hated doubting myself, but I’ve never been good at blind faith. So I decided to leave.
swalsh 10y ago
Opposite to me, finding a group of guys willing to take your money, and work their brains out until it runs out isn't hard to find. Finding a guy who will take that money only if he thinks he can do something productive with it, is much more valuable. I know I can feel pretty confident that if he's taking my money, he's optimistic it'll turn into something. I gotta say, I respect his move.
mkoble11 10y ago
Isn't it better to bow out before taking on more money and FT employees when he knew he didn't want to commit? When your heart isn't in something, there's no way to "get your head back on straight". He did the right thing.
erikb 10y ago
To me it looks like you haven't seen that he understands all that what you say but figured despite all that there was an exceptional situation that required him to do something unorthodox. And that's also a good thing for an entrepreneur, right? Making a decisions others wouldn't have because one believes one has better insight into the situation.

kasey_junk 10y ago

> The rest of the team kept their day jobs. > The team was excited. Our potential investors were excited. He didn't really have a team and he didn't really have investors. He took a personal risk and found it wasn't working. He shut it down before it got expensive for people other than himself. I applaud this. People, especially around here, need to understand failure is the norm. This person failed fast, well. Nice work. On to the next thing.

ChicagoDave 10y ago
This goes to my core belief that "failing fast" is bad for entrepreneurship. It is far more rare for an initial idea to succeed than one that morphs out of original ideas. Even Facebook started out as something other than what it is now. I have nothing against accepting failure in an idea. My first start-up failed and I had to let it go. It was really fucking hard to do that. But I tried to pivot twice before finally letting it go and I worked at it for a number of years. The people that want us to fail fast don't have entrepreneurs best interests at heart. They're looking for quick wins and the more starts and fails they get, the better _their_ odds of something "popping". But there's something to be said for perseverance. I won't argue that there shouldn't be a balance, and maybe I was too hard on the OP, but it sounded to me like he needed to step away and think about it, not just let it go. But I guess we have to defer to his judgment since it was his idea. I just really don't like fail fast mentality.

sparkzilla 10y ago

It's only a matter of time before this kind of thinking results in founder suicide. I've read multiple cases where investors, including Y Combinator, forced founders to pivot, which caused serious mental distress to the founders. If the idea won't work, drop it, and drop the founders too, until their next project can be properly assessed. Dropping a project doesn't mean the founders are bad founders or that they are great founders - it simply means that they realised the limitations of the project. Investors should keep the founders in mind for their next project, but giving them cash and forcing them to pivot is a sure way to disaster. Ideas need time to develop. Tim should be commended for realizing that his product would not work, and dropping it before it caused his team and the investors even more stress. I consider his post a sign of maturity and look forward to hearing about his next project.

dang 10y ago
> I've read multiple cases where investors, including Y Combinator, forced founders to pivot I don't think you should sling this kind of thing around so lightly. It's trivial to post charges like this on the internet and have many people just believe them. But this is a serious thing to say right after you've invoked the idea of suicide, and doesn't remotely resemble anything I've observed at YC. In my observation, YC partners don't "force founders" to do anything; they couldn't anyhow, and they don't think that way in the first place.
- sparkzilla 10y ago
  Here's one Y Combinator founder who spoke out about the continual push to pivot. https://backchannel.com/how-i-f-ed-up-in-ycombinator-35a19e7ace68?hn=1#.7yt9k559a https://backchannel.com/how-i-f-ed-up-in-ycombinator-35a19e7... >The last few weeks of the program are a bit of a blur. My morale plummeted, and my stress skyrocketed. I dreaded going to the weekly dinners, where I would have to talk to my cohort and confirm that no, we hadn’t found an idea yet and yes, we were still super excited about our “company.” I did little else but eat, code and sleep. I felt like everyone else was ready to raise millions, while we were desperately trying to find a product. >Postponing Demo Day was a no-brainer. We didn’t have an idea we believed in, and although we could have cobbled one together and raised some seed funding, we didn’t want to do that. I didn’t want to do that, in part because it seemed disingenuous. But primarily it was because taking half a million dollars of other people’s money would have moved my stress level from unhealthy to crippling. >But skipping Demo Day didn’t fix our lack of conviction. The rapid-fire pivoting continued. Around this time, I started coming to terms with the fact that I was seriously unhappy. For as long as I’ve been interested in startups, I have never wanted to start a company simply for the sake of starting a company. Yet doing things “for the sake of starting a company” was where I found myself, as I scrambled for a plausible idea.I don’t know if this is true for other people, but as a flailing founder I desperately wanted to believe in the startup myth—that success was just over the next ridge, that if we waited a bit longer, or had a slightly better idea, we would suddenly be riding a rocket ship. I hated doubting myself, but I’ve never been good at blind faith. So I decided to leave.

swalsh 10y ago

Opposite to me, finding a group of guys willing to take your money, and work their brains out until it runs out isn't hard to find. Finding a guy who will take that money only if he thinks he can do something productive with it, is much more valuable. I know I can feel pretty confident that if he's taking my money, he's optimistic it'll turn into something. I gotta say, I respect his move.

mkoble11 10y ago

Isn't it better to bow out before taking on more money and FT employees when he knew he didn't want to commit? When your heart isn't in something, there's no way to "get your head back on straight". He did the right thing.

erikb 10y ago

To me it looks like you haven't seen that he understands all that what you say but figured despite all that there was an exceptional situation that required him to do something unorthodox. And that's also a good thing for an entrepreneur, right? Making a decisions others wouldn't have because one believes one has better insight into the situation.