3 ms·
I’d recommend fixing your startup. Take a look at it this way, you survived one of the weirdest economic times and we are on the precipice of a massive boom. Y
by _3u10 5y ago
I’d recommend fixing your startup. Take a look at it this way, you survived one of the weirdest economic times and we are on the precipice of a massive boom.
Your problems likely fall into one of three categories with known fixes:
1) You don’t have a recurring revenue model, I’m inferring this from we did a couple hundred k in rev but eventually it didn’t work.
Solution: figure out how to move to recurring rev.
2) Your product has a fundamental problem that you aren’t fixing to deliver value for your customers.
Solution: find out why they left. Fix it. Use those customers as testimonials / references for new customers.
3) Due to economics you were unable to acquire more customers.
Solution: reinvigorate your sales team.
If you’ve survived the last two years you can survive another two in the new economics. I would recommend taking a month to three months to get your head back in the game.
It’s virtually impossible that your product is so niche that you’ve exhausted the market after a couple hundred k in rev.