4 ms·
90+% of startups fail. Just because you made it with one doesn't mean you'll make it with another. So many things can go wrong. Even if you do everything right,
by humanistbot 4y ago
90+% of startups fail. Just because you made it with one doesn't mean you'll make it with another. So many things can go wrong. Even if you do everything right, you're still rolling the dice.
Do your friends and family understand that they have a very high chance of never seeing that money again? If you value your relationship with them, give the money back.
VC investing is not for the faint of heart. You probably convinced them to invest because you've done it once, and were decently successful -- but not successful enough to have a seed round for your next one.
- algoatecorn 4y agoYea the original post doesn't compute. Successful history of launching companies FFF gives 150k without a business plan, PoC, go-to-market strategy? and OP doesn't have a list of ideas worth pursuing that are better than asking HN? This is weird. If it's real, then it looks like a disaster waiting to happen
- humanistbot 4y ago> If it's real, then it looks like a disaster waiting to happen For sure, and I forgot about domain/sector/field expertise. If you're asking HN for literally any idea, that means you're going to be jumping into a new domain with only a few weeks of "research" via Google. You can't hire a good domain expert who will help you avoid all the pitfalls with a total budget of $150k.
- quarantina 4y agoThe easiest thing in the world is to find plausible reasons why a given startup won't succeed. Even easier is finding reasons why any startup won't succeed!
- humanistbot 4y agoJust as easy as blowing your friends and family's money, I suppose.
- quarantina 4y agoThe odds are certainly in favor of your scenario. But, creativity works in mysterious ways!
- quarantina 4y agoWould love to get the story on the last company you started, and whether you were able to beat the grim statistics!