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Consider selling the company. There are a million other ideas to work on, and once you've sold a company, you're investable. Ironically, you can't raise anyt
by alexasmyths 9y ago
Consider selling the company.
There are a million other ideas to work on, and once you've sold a company, you're investable.
Ironically, you can't raise anything now - but you'll be able to raise on your next project.
You'll have a nice little bank account to get whatever going, and that'll make you considerably more confident as well.
There's not reason to be sentimental about your project. 99% chance 'it's just a project'.
Think of yourself as a 'Movie Producer' or 'Director' or whatever. You made Jaws. Next you can make Alien. And then whatever.
Unless your project is deeply close to your heart, or you are doing something you really and truly find personal and existential meaning in - and you have a high degree of certainty of competitive advantage for whatever reason (high barrier to entry, massive growth etc.) then consider selling.
FYI that you're having trouble raising is at least some kind of 'flag' that you might not have a strong competitive position, but don't read hugely into 'not being able to raise' - most companies (and many good ones) can't.