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Take a look around dude. Interest rates are very high making the funding environment rough and it effects everything. There is far less liquid capital because b
by anonreeeeplor 3y ago
Take a look around dude. Interest rates are very high making the funding environment rough and it effects everything. There is far less liquid capital because borrowing is so expensive, it is set by the central banks. When the money is expensive to borrow; it effects absolutely everything including your business.
You are going to be looking at this situation for some time. Only the very top projects or projects in AI are getting funded, a lot of consulting has dried up.
Is anyone getting rich right now? I don’t know.
Take a serious look at the macro economic picture. It’s not great. This is a recession. It could last years.
Or the federal reserve may drop rates but they don’t seem to be close to doing that.
So take the pain you are in now and project it out until next year when the fed is saying they may drop rates.
You may be in pain for a long time.
Is this a level of pain you can tolerate for that time period? Are you in AI where the capital is at least easier to get?
A lot of startups are folding or have folded silently behind the scenes or died at this point.
We are in a bear market.
Understand the context. This is what happens in a bear market. It sucks. No one is getting rich. It’s hard to get money. It’s happening to everyone not just you. Everyone is in pain.
I personally am in pain myself. I got into startups when things were super hot and fun a couple years ago.
I’m not having fun right now.
I’m getting a real job and I don’t want to. I have debt. My quality of life sucks.
It has been going on so long, I mentally threw in the towel and decided to accept that I am going to just fail and then have to restructure my life.
I might have to sell some things I don’t want to sell.
The only silver lining I can find is: I have realized that it’s a combination. Nothing is working, so I can get rid of my whole life and only become happier.
Sell my house, move, find a new market.
It is actually very exciting once you let go of the albatross.
When the piano you are swimming with becomes too heavy, you cut the piano off and try to make it to shore.
Your embarrassment will turn into joy when you reach the beach, poor and wearing only a loin cloth going “oh my god, I am free.”
Cut that shit off if it is killing you.
There is a clock. You can only take the pain for so long.
It sounds like you are only being pulled downwards
Make a list right now:
Good things about this situation
Bad things about this situation
If the list of bad things is 2x longer, end it
- creamyhorror 3y agoThis is wisdom.