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"I believe in our product, but I don't believe in our business model." Then tell your business partners that THEY need to fix the business models so THEY can af
by fxtentacle 14y ago
"I believe in our product, but I don't believe in our business model." Then tell your business partners that THEY need to fix the business models so THEY can afford to pay YOU.
"I think my co-founders are idiots, that they fouled up their side of the deal," Ask them to give up some of their equity so that you can use it to motivate a replacement candidate.
"but I feel as though I've invested too much time and energy to bail now." Ouch, you're fucked. NEVER EVER let past mistakes ruin your future.
How about making a list of all the things you learned during this venture and a second list of all the things you can do in the future if you sever ties now. That way, if someone asks you in the future, you can explain on a positive note why it was the right thing to go.
However, all of these business projects also involve a lot of luck: I was once working on and off on a project for 3 years and gradually losing faith in the business model. And then all of a sudden, the project was reviewed without my knowledge by a local newspaper. We got a huge spike in traffic, sales started to explode and throughout one week, i was more than rewarded for all the hard work.