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I recently decided to quit a startup I founded after raising about nine million dollars. Quitting meant admitting to professional investors, friends and angels
by elbasti 3y ago
I recently decided to quit a startup I founded after raising about nine million dollars. Quitting meant admitting to professional investors, friends and angels that I had lost their money.
It meant admitting to myself and our team that we had fucked up and miss-executed.
It meant giving up on a dream and market opportunity that I thought--and think--is still fruitful.
So deciding to quit was very difficult. And in general I'm a pretty tenacious guy, I hate giving up.
I didn't have to quit. I could have kept going in some diminished form. But the reason I decided to quit is that I had started to do damage.
I was doing damage to my health. I was doing damage to personal and professional relationships. Damage understood not as "pain" but as "an irreparable worsening."
So my advice: quit before you start to do damage.
I'd say that advice applies to most endeavors. Push through the pain, but quit before the tendon pops.