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If that zombie startup gives you freedom and a good salary, why shut it down? This is not for bootstrappers or those who pursue life-style businesses, it's for

If that zombie startup gives you freedom and a good salary, why shut it down? This is not for bootstrappers or those who pursue life-style businesses, it's for VC backed startups.

cheschire 7y ago
I suspect the people that feel the way you do probably wouldn't gravitate towards the risk/reward system of the startup lifestyle in the first place.
- jbay808 7y ago
  Instead, they might gravitate towards the organic growth / bootstrap / lifestyle business lifestyle, which is a distinction that the GP made.
- jacquesm 7y ago
  Life can change. That 'hot start-up' that morphed into something that employs you and a bunch of others might be less than what you and your investors hoped for but still substantially more than nothing.
  - bredren 7y ago
    It can change, though if it is obviously a country club your investors may not reinvest in your next thing.
    - jacquesm 7y ago
      Sucks to be them if it takes off then. After all, your chances of success on the second time around are substantially larger than the first. But then again, you'll also be a much harder case to take advantage off so that would rule out quite a few investors up front. And accelerators too, for that matter.
cameronbrown 7y ago
Or alternatively: Hire a new C-level and some time training them up to replace you, and go do something else.
thesausageking 7y ago
It's easy for founders to get stuck in the short-term thinking of "how do I keep my startup alive" and, after months or years of this, end up with a business that isn't going to grow and they don't enjoy or feel passionate about running. I believe this is what Aaron means when he talks about "Zombie startups". It's a pretty common state for startups to get into. In those situations, it's better to shut it down and move onto something else then stay working on it simply because of momentum. Every year of your life is a huge opportunity cost.

If that zombie startup gives you freedom and a good salary, why shut it down? This is not for bootstrappers or those who pursue life-style businesses, it's for VC backed startups.

cheschire 7y ago

I suspect the people that feel the way you do probably wouldn't gravitate towards the risk/reward system of the startup lifestyle in the first place.

jbay808 7y ago
Instead, they might gravitate towards the organic growth / bootstrap / lifestyle business lifestyle, which is a distinction that the GP made.
jacquesm 7y ago
Life can change. That 'hot start-up' that morphed into something that employs you and a bunch of others might be less than what you and your investors hoped for but still substantially more than nothing.
- bredren 7y ago
  It can change, though if it is obviously a country club your investors may not reinvest in your next thing.
  - jacquesm 7y ago
    Sucks to be them if it takes off then. After all, your chances of success on the second time around are substantially larger than the first. But then again, you'll also be a much harder case to take advantage off so that would rule out quite a few investors up front. And accelerators too, for that matter.

cameronbrown 7y ago

Or alternatively: Hire a new C-level and some time training them up to replace you, and go do something else.

thesausageking 7y ago

It's easy for founders to get stuck in the short-term thinking of "how do I keep my startup alive" and, after months or years of this, end up with a business that isn't going to grow and they don't enjoy or feel passionate about running. I believe this is what Aaron means when he talks about "Zombie startups". It's a pretty common state for startups to get into. In those situations, it's better to shut it down and move onto something else then stay working on it simply because of momentum. Every year of your life is a huge opportunity cost.