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Ask HN: How did you know when to call it quits and shut down your startup?

7 pointsby Winterflow3rover 3 years ago
Either VC funded or bootstrapped. What were the signs/metrics/signals that led you to the decision to shutdown?

3 comments

v1lover 3 years ago
The signals have to be personal because if they had to do with metrics (that were good), you wouldn&#x27;t have this problem. In my opinion, it&#x27;s when either&#x2F;most&#x2F;all of these are true:<p>- you don&#x27;t feel you are capable (or want to) fix growth<p>- you don&#x27;t see any hope - ie you picked the wrong problem and there&#x27;s no p&#x2F;m fit<p>- you are not hustling enough to fix the problems and you don&#x27;t know why (prob because you lost passion or steam)
muzaniover 3 years ago
1. No growth. If you&#x27;re struggling to grow more than 30%&#x2F;month it might be time to stop or sell.<p>2. You hate it. I had a decent growing startup, but I hated the user base. It was a keto diet app. The users were people who lost lots of weight on keto, decided that nutritionists were liars, and were relentlessly anti-scientific. We sold it, and the guys who bought it hated it too.<p>I hated building apps for politicians, many were like mobsters, and it was a terrible feeling helping them. I once quit one partnership because my partner would just lie, break promises, overhaggle with everyone, and the people we were working with would do the same with us (me).<p>There was one partnership I ended because the other guy refused to fire some people. They weren&#x27;t just underperforming, they were unreliable and promising things, then acting like the conversation never happened. But this is really common when you can&#x27;t pay market rate.<p>But it&#x27;s like quitting a job. If you dread coming in to work every day, maybe you should be doing something else. Startup DNA is vital. Can&#x27;t build a billion dollar company when all your energy goes into rent negotiations.
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naveen99over 3 years ago
Same way you decide when to resign in a chess or go game. When you know you are going to lose with certainty, or you are hopeless.
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