4 ms·
This is the hardest question to answer. My startup was once at a point when any sane person would have given up, and yet here we are - alive, growing, funded. B
by austenallred 12y ago
This is the hardest question to answer. My startup was once at a point when any sane person would have given up, and yet here we are - alive, growing, funded. Before that there was a phase when I was all in. I was living in my car in Silicon Valley because I couldn't afford rent, stressed out of my mind, had no product, and could tell that we were a long way yet from having product, traction, and being compelling to investors (or even an accelerator). And I had zero dollars in the bank (actually significantly fewer than zero dollars).
So how did we get from point A to point B? I got a job so that I could pay the bills and think straight. My co-founder and I parted ways, and I ended up finding another. We built out the product and got enough users for an accelerator to take a risk on us, then for investors to do the same. Now, a year later, I have the perfect team with enough money and the right product.
It sounds like, if you're honest with yourself, you're a long way away from being a palatable investment. My guess is that you're even farther than you think you are, because that's just the nature of the beast.
If I hadn't taken the time to postpone - not give up, but realize the circumstances we were in weren't conducive to building a company - I'm sure we would have failed. If you're not going to make it, accept that fact, and do what you have to do to get your ducks in a row.
Sometimes "Don't give up" looks a lot like giving up, and that's the hardest part. But if you really believe in what you're doing, you do what you have to do, no matter what that is.
Just my two cents.