Startups Anonymous: What Startup Fear and Failure Really Look Like
AMAZING STORY..THIS IS THE LIFE OF MOST SUCCESSFUL ENTREPRENEURS AND HOW MOST EMPIRES WERE BUILT
After over two years, backing from a well-known accelerator, nearly one million in funding, and a decent amount of traction, we’re shutting down.
I’m scared. I’m also sad, disappointed, ashamed, embarrassed, and deflated. But mostly just scared.
Nobody but my cofounder and I are aware we’re shutting down yet. It’s been a few days since we made the decision, and I haven’t even gotten up the courage to tell my family.
We haven’t paid ourselves a salary for some time with the hopes that we would raise more money, but also because we couldn’t afford to. My wife was counting on me to raise more money, now I have to tell her the news.
We didn’t leave enough money in the bank to pay off our debt, so now we need to tell people we can’t pay. Are they going to come after me, or my house and my car? I’m broke and I’m scared.
Our investors believed in us. They believed in what we were building and our abilities to execute on the vision and future we painted for them. Now we need to tell them that we lost their money. Will they forgive us? Will any investor ever trust us again? READ FULL STORY OF “What Startup Fear and Failure Really Look Like” On Pando