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> When it finally catches up, that bear can take many forms. Running out of money, losing interest, burning out, partners falling out, family or life situations
by laurent92 6y ago
> When it finally catches up, that bear can take many forms. Running out of money, losing interest, burning out, partners falling out, family or life situations changing, markets shifting and opportunities disappearing… That bear is running out of time.
It’s funny because I read many books and HN posts until I launched 7 years ago, and I was prepared for all situations (including downs) and all went well.
But no-one had told me that one. Fortunately, my startup is my longest streak in a single employment (2.5 max for the other ones, I’m missing recognition in the real world), but now I feel it’s time to enquire how one jumps out of this.
- Intermediaries like Corum Group only accept to help you sell if you are worth 6-30m€ (I’m around there, but, being sole owner, it’s hard to prove a valuation),
- When selling a startup, there are always provision clauses that a lot of liabilities will remain with you. Which defeats the role of an LLC (or equivalent in Europe).
So it’s hard to sell or jump ships.
This is just food for thoughts for the wannabe-entrepreneurs here — but by all means, that was my best professional experience and I had immensely more recognition naked in front of a market than in companies where the boss wouldn’t even coach me into improving myself, apart from “be the best of the team and we may promote you – 9 month later — maybe.”
So: THANK YOU HN!
- whitepoplar 6y agoDefinitely a good point! Would you be willing to share what company you started?