Failed entrepreneur looking for advice.

New / Product
aashu

New Product

PRE
Adobe
aashumore
Aug 21, 2017 67 Comments

Hi all I was running my Bootstrap product based startup for the last 5 years in mobile application space, first three year were very positive and generated good revenue, build a very good reputation of company won multiple awards National and international level but the last 2 years, I invested on a project which was not much successful. Due to the lack of the fund I had to discontinue my startup, already dismantled the team.

I feel I am very good in software development, research, ideas, management, product management, team development but weak at business side.

Looking forward for advice, what would be the Good career path for me and any opportunities are always welcome.

Is there anyone who has faced a similar situation.

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TOP 67 Comments
  • New natch
    You are not alone ... most need to find their Eric Schmidt or their Sheryl Sandberg to get to the next level of being a sustainable business... you need operators with corporate experience to build a corporation in some cases if that is not your strength. You are much further ahead because you have had the courage to even start... hold your head high and look for the next opportunity
    Aug 21, 2017 4
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      Thank you for writing back and sharing your support this is really very valuable for me. If you come across any opportunity, who are looking for entrepreneurs, you are requested to please let me know.
      Aug 21, 2017
    • T-Mobile qWnh37
      Fucking fabulous advice.
      Aug 21, 2017
    • Microsoft RealDonald
      Hey John!
      Aug 22, 2017
    • VRenetic / Product
      hamming

      VRenetic Product

      BIO
      Working...even now
      hammingmore
      Solid advice. Just helped myself reading this...
      Aug 25, 2017
  • Microsoft / Eng DartVapr
    With your experience and skills have you considers applying for a job at someone else's company? It might not seem attractive after running your own but you could treat it as an opportunity to learn more about the business side while providing your tech skills.
    Aug 21, 2017 7
    • Nintendo Hcndjs
      To Darts advice he is right and he is wrong. You have to be careful about going into the big company X, but at the same time it might be worth rolling your dice at product management. You will be able to bring the charisma to motivate the team because we all want to be influenced by doing the next great thing, while getting valuable learning experience yourself. Now you just have to sell yourself for that position. And remember big companies have a completely different manusha than startups and that is what you want!

      Note what you are selling is technical skills in a management position who has led a successful product for years while dealing with the sacrifices of a small shop ready to take on the next big challenge.
      Aug 21, 2017
    • Apple / Eng NaziSucks
      Big companies can also be a good place to build a network.
      Aug 21, 2017
    • Uber / Eng uGuestWho
      Having done both early stage and big companies I would say if you have never worked at a large company it could provide invaluable experience to apply back into a start up when the time is right.
      Aug 22, 2017
    • New / Product
      aashu

      New Product

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      Adobe
      aashumore
      OP
      I feel that I have to apply for the big companies because right now I am looking for a stability in my life. Although I have seen a startup space very closely I am working in the startup ecosystem for more than 8 years now. I feel that I zeal, skillset & tools with lot of the companies are looking for. As dart, nintentdo, nazi mentioned and advised I feel comfortable with my opinion and thinking. If you come across any opportunity please let me know I would love to apply for jobs.
      Aug 22, 2017
    • Amazon / Other
      c2h5oh

      Amazon Other

      BIO
      all the messages posted here are a work of fiction and have nothing to do with the real life, used only for therapeutic interactions with imaginary chatbots
      c2h5ohmore
      Join a large company, find a broken vertical, fix it, or build a startup fixing it, and then quit. The only problem - they are so slow.
      Aug 22, 2017
  • Boeing / Eng
    AlwaysBlue

    Boeing Eng

    BIO
    I've been awakened by his noodly appendage. Join Pastafarianism today!
    AlwaysBluemore
    It would seem to me that a known failure is worth more than secret one. I say this because if you can point to a tech article about your company and what it tried or failed to bring to market then that is definitive proof that you did what you say.

    I hear so often people say they ran their own business or had a startup, but how do you prove it? Anyone can say that.

    So if you are known enough that you worry about being shown in public, then thats a good thing. Companies respect doers, even those who have tried and failed, but you need to show that you are proud of your trying and not ashamed of your failure.
    Aug 21, 2017 0
  • Microsoft I'm going
    Obama retired at 55, Trump started at 70.

    Sydney is 3 hours ahead of Perth, but that doesn't make Perth slow.

    Someone graduated at the age of 22, but waited 5 years before securing a good job.

    Someone became a CEO at 25 and died at 50.

    While another became a CEO at 50 and lived to 90 years.

    Someone is still single, while someone else got married.

    Everyone in this world works based on their time zone.

    People around you might seem to be ahead of you and some might seem to be behind you.

    But everyone is running their own race, in their own time.

    Do not envy them and do not mock them.

    They are in their time zone, and you are in yours.

    Life is about waiting for the right moment to act.

    So relax.

    You're not early.

    You're not late.

    You are very much on time.
    Aug 22, 2017 0
  • GoDaddy LCoA33
    I'm hiring, also an entrepreneur. I'd discuss to have you over coffee
    Aug 21, 2017 2
    • Amazon / Design Timmaye!
      That escalated quickly...
      Aug 21, 2017
    • New / Product
      aashu

      New Product

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      Adobe
      aashumore
      OP
      Thank you for consideration I have shared you a personal message and looking forward for your response
      Aug 22, 2017
  • PayPal yctM64
    My company is looking for failed entrepreneurs. Send me a direct chat.
    Aug 21, 2017 1
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      Hi I have shared personal message with you and looking forward for your response.
      Aug 22, 2017
  • New / Mgmt
    dgsupreme

    New Mgmt

    BIO
    34. Male. CEO.
    dgsuprememore
    All entrepreneurs fail at some point or at something. Pick your head up and keep hustling. Don't stop moving.
    Aug 21, 2017 0
  • Vertafore / Ops
    borges

    Vertafore Ops

    BIO
    project mgmt for a large, strategic l&d operation
    borgesmore
    Kudos to you for starting something on your own, takes guts to build something from scratch. 4/5 businesses close in their first ~2 years. Learn what you can from the experience a,d push forward. You will be in an even stronger position if you try for it again.
    Aug 21, 2017 0
  • Boeing / Eng
    AlwaysBlue

    Boeing Eng

    BIO
    I've been awakened by his noodly appendage. Join Pastafarianism today!
    AlwaysBluemore
    OP hasn't responded in a long time, starting to think this just a comment fishing scam. There aint no two way discussion here.
    Aug 21, 2017 4
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      OP means?
      Aug 21, 2017
    • Twitter wghjf
      Original Poster (which is you in this case)
      Aug 21, 2017
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      Thank you for consideration I have read each and every advice very carefully. And will respond every post personally. Although I feel afraid at the same time because I was not expecting so many responses on my post. I am very thankful and overwhelmed with each and every one advise. Feeling blessed to be a part of very strong community of blind.
      Aug 21, 2017
    • Amazon / Design Timmaye!
      Why are so afraid? I’m guessing that could be contributing to your struggles...
      Aug 21, 2017
  • Databricks LVSw77
    Would you like to do an interview for a podcast? Benjamen Walker (Benjamen Walker's theory of everything) is looking for people who have gone through failure for a 3-episode series he's putting together. He's super good. On radiotopia network. Find him on twitter and share what you've learned!!
    Aug 21, 2017 1
    • Amazon / Design Timmaye!
      +1 for radiotopia.
      Aug 21, 2017
  • New / Mgmt
    Marcos

    New Mgmt

    BIO
    Archivist and event producer turned personal coach. I'm making the most my skills in the most beautiful exciting ways.
    Marcosmore
    Look for purpose based work. Find a cause that feeds your sense of human value... be of service and put the money second as much as possible
    Aug 21, 2017 0
  • eBay mgrpM82
    If you were serious about getting some useful suggestions.. You wouldn't have asked here.. This forum will just confuse you.
    Aug 21, 2017 0
  • New / Eng Qwaesdr
    Just figure out what is it that you're in love with by that I mean what do you think you would wanna improve next as being an entrepreneur at heart, we often tend to dive into things that are shitty and senseless or we know we have what it takes to improve it. So the first thing you need to figure out out is that if I ask you that if you're given another chance of starting again would you wanna do that
    ?
    1.If it's a yes then do things that way. That means you may join startups or bigger companies at a position like lead software developer and network with others to gain the insights and know people. Just keep your eyes open for both, knowledge and people. Maybe you'll find your business partner, if not you'll surely have a better start the next time.
    2.but if you really don't wanna go for it again and really just want to live your life out of this hole then you need to figure out which field would most fascinate you right now and target that cause you've had a loss its time to make yourself happy, atleast in terms of what you do.

    P. S. : no matter what real entrepreneurs can't be stopped no matter what. Just take the first step.

    All the best, buddy. 😇
    Aug 21, 2017 0
  • Kaneva ChekM8
    Get back on your horse. Learn your lesson. Apply it to your next effort.
    Aug 21, 2017 0
  • Microsoft / Eng Trotwood
    You need to flip your stuff after 3 years unless it's going to be a unicorn. Then be an acqui hire for a few years, save stock, and repeat. I've watched so many founders do that
    Aug 21, 2017 0
  • Logitech / Other czEj24
    Dude, just pop your resume on any major job board like careerbuilder or monster and let them figure that out. Just review your credentials and determine your base value.
    Aug 21, 2017 0
  • New / Eng Elementary
    Wonder if your company can be resurrected... Or are you tired and in need of stability?

    You may want to join a funded startup in a space you understand... It might not be easy to join a larger company with a more limited role.
    Aug 21, 2017 0
  • New taneez
    I'm always looking for other entrepreneurs to collaborate with. Send me a message if you're interested
    Aug 24, 2017 1
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      Request you to please check your inbox I have shared a personal message
      Aug 25, 2017
  • Rael & Letson DkvK47
    You said Disney--are you in L.A.? I'm looking for co-founders.
    Aug 22, 2017 1
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      I have shared personal message we can take it from there.
      Aug 22, 2017
  • New &1
    Thanks for the share. You're not alone and starting a company is ridiculously hard, thankless and most end in failure of some type. My advice

    - Reflect-start with 'why'...why are you starting/running/stopping the biz (superficial or deep rooted desires)

    - Consider-are there alternative strategies and tactics you're not considering (selling the code, salvaging paying customer relationships and making lifestyle money, consider opinions here but take with a grain of salt, etc.)

    - Execute-make a decision and act decisively whatever you choose.

    About me: software entrepreneur, started 3 cos, hired ceo on another, sold 1 and made a little but not fortune rich, and struggled with the ups and downs and still do with a current newco.

    The 'Silicon Valley' way of doing things isn't for me..I have one life and don't have a desire to raise money or build the next apple. I love starting companies, working with people who I respect and challenge me to be my best (and where I can do likewise), and build companies and cultures that myself and the team are proud of.

    Think: when you're about to die, what will you regret most and WHY...avoid those situations at all cost.
    Aug 21, 2017 1
    • New / Product
      aashu

      New Product

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      aashumore
      OP
      I like the way you shared your experience which is actually a very remarkable and valuable. Thank you for sharing quick note and the points to be considered during the entrepreneurship and personal objectives, how to maintain the balance between them.

      I would like to discuss, if I could help you for your new startup.

      Looking forward for your response if you need any kind of a help your business

      Thank you once again
      Aug 22, 2017