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Another option: let the team and investors continue without you. You also have a fiduciary responsibility to the investor and a responsibility to the team memb
by alephnan 4y ago
Another option: let the team and investors continue without you.
You also have a fiduciary responsibility to the investor and a responsibility to the team members who worked equally as hard.
- aidos 4y agoThat’s what struck me too. What about the others involved who might be relying on it? But maybe the author was the team and without them it was dead in the water anyway?
- sokoloff 4y ago“ The rest of the team kept their day jobs. That was fine. It made my final decision easier.” It sounds like there were others, but they had a good fallback/continue without ContractBeast position.
- usrusr 4y ago“The rest of the team kept their day jobs.“ It sucks for them, because effort invested on the side implies that it must have been quite loaded emotionally, but right before turning the others full time seems like the least bad time for giving up.
- menzoic 4y ago> The rest of the team kept their day jobs. That was fine. It made my final decision easier.
- ekidd 4y agoIn the article, the author said that none of the team has quit their day jobs yet. And this appeared to be their first significant fundraise. Their strategy critically depended on staying in the SMB market, not the enterprise market. And it was apparent that their product wasn't solving a major, urgent customer problem. The last thing you want to do is to pour your life into a startup that solves a non-problem. If you're not solving an urgent problem, you won't be able to reliably close sales.