Hi, my biggest learning from my failed startup was that I should show respect towards what I am doing. About two years ago everybody started to speak about star

Hi, my biggest learning from my failed startup was that I should show respect towards what I am doing. About two years ago everybody started to speak about startups. It sounded so sexy to become a startupper. So I wanted a startup. I found a nice idea I sat down write the whole strategy alone planned all the way till IPO and till sunbathing on my huge yacht. Than I went to a developer company and spent all my money to have the Final Product created. I have not even told my mother what the idea was. To say it short I didn’t have a clue about startups, not to mention lean, idea validation, etc. I lost all my money and the project was a total failure. Than I „stood up” and spent a year on learning, reading and discussing the industry. I started to respect my own time, money and efforts. A month ago I had a new idea that still looks promising. Having my previous learning and being in the „advantageous situation” of not having a lot of money to spend, now I follow lean, think and rethink, test each assumption and talk with as many people as I can. Overall I become a much more opened and friendly person. My friends keep on saying I am a new person (in a good meaning).