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I've started four companies in my career, two of which ended up nicely, one of which was an utter train wreck that bankrupted people, and one a work in progress
by brianmcconnell 14y ago
I've started four companies in my career, two of which ended up nicely, one of which was an utter train wreck that bankrupted people, and one a work in progress.
You'll learn more from a bad outcome than from a success. I agree with everyone saying don't worry about the investors. They invested in a highly risky business. Turned out it wasn't the next Facebook. Well, that's 99.999% of startups.
More likely than not, the business was doomed by circumstances before it even began (bad timing, bad market fit, etc). If this was your first or second business (likely), no reasonable investor can blame you, even if you did make avoidable mistakes.
So treat it as a learning experience, and don't obsess about the impact on your reputation, etc. Shit happens, and anybody who knows the tech business understands the odds are stacked against you.