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If you've set up your company correctly, you should be personally protected from liability if the company fails, right? Assuming that's true, then perhaps you'
by rcfox 14y ago
If you've set up your company correctly, you should be personally protected from liability if the company fails, right?
Assuming that's true, then perhaps you'll end up with a tarnished reputation, but your life isn't crumbling apart. It shouldn't be too difficult to find a more conventional job with a decent salary, especially if you've managed to create a product that people wanted to invest in.
- marquis 14y agoIf this person has a very good way of explaining to potential employers about the logistics of what went down, it shouldn't be a liability in getting a job and powering up the skills before trying again, if that's their life goal to be self-employed. Most of the startups I've seen fail isn't for lack of technical ability but for completely over-estimating there being a market for their product - either wrong time or wrong market or wrong product.