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Startup failure stories: 20 months in, 2K hours spent and 200K € lost (2021)

57 pointsby takiwatangaabout 3 years ago

16 comments

biztosabout 3 years ago
It&#x27;s an interesting post-mortem and a reminder of the pitfalls of the &quot;bootstrap&quot; model if you don&#x27;t have other income.<p>But I take exception to the &quot;200K EUR&quot; part. Money you didn&#x27;t make is not the same as money you spent. For starters, the former is infinite!<p>That the author is so concerned with this opportunity cost -- a cost that is radically different for different people, dependent largely on circumstances that have nothing to do with their value to the startup -- is, I guess, part of the self-doubt he describes.<p>I can relate, I did a failed startup when I was younger and many times I thought about whether I should just suck it up and get a job instead. Probably everybody does. But half the point of it was to <i>not</i> be doing the thing that would have given you the 200K.
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fhrow4484about 3 years ago
I missed the first time this post got on HN front page, but my main takeway is same comment from jiofih (<a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25630241" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25630241</a>):<p>&gt;&gt; the project needed to be (almost) re-created from scratch<p>&gt;&gt; the build system, Docker&#x2F;docker-compose, continuous integration, authentication, internationalization, etc<p>&gt;&gt; created a wiki, migrated the code to a monorepo, created&#x2F;cleaned up the backlog, etc.<p>&gt;&gt; created a story map, devised a roadmap, and clarified the scope of the MVP<p>&gt;&gt; replaced Angular Material by Tailwind, created our own theme, refactored the data model<p>&gt; This is why. A year went by and no product work was done, none of this was necessary. The very first thing that should have been built is a MVP, that main screen that was only tackled 9 months in. Strongly recommend studying “The Lean Startup” and learning how to be stoic about tech. That’s how people deliver working products in three months.<p>in addition to that, the author mentions, still in a Startup&#x2F;MVP context:<p>&quot;The focus on took care of release automation, created the production infrastructure (switched to Kubernetes)&quot;, &quot;The NoSQL database was making us lose a ton of time&quot;.<p>None of this should matter at MVP stage!
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a1371about 3 years ago
The thing that stands out to me the most is the sentiment. This reads like a big rant as in saying &quot;I did all the things textbooks say, why didn&#x27;t it work out?&quot;<p>That is as if to say &quot;I&#x27;ve gone to the music school, why am I not a k-pop mega star yet?&quot;<p>A lot of people will not look at the 200k this person didn&#x27;t make as &quot;lost&quot;; rather the cost of learning expensive lessons.<p>The first lesson should have been that we&#x27;re not in 2007 anymore. Sprinkling tech on random things has a small chance of working out. They did not have any domain knowledge or connections to schools nor restaurants. They were just users of them, like everybody else.<p>Building a startup is a beautiful thing but it requires relentless optimism and actually feeling the problem. Enough to say that&#x27;s how YC finds its cohort.
mox1about 3 years ago
Feels like the classic Developer wants to start a business but doesn&#x27;t really understand marketing, traction, product-market fit, etc. etc.<p>Granted I&#x27;ve done the same thing 5 times now, but never again.<p>Should have mocked up a bare UI in a week, then tried to sell it for a month or two.....
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slingnowabout 3 years ago
This guy didn&#x27;t lose 200K. He claims he lost 200K by &quot;not doing something else&quot;. Putting opportunity cost as a hard loss is stretching it, and sure seems like it&#x27;s just there to make the title more clickbaity.<p>I guess I just lost something like $20 reading the article then.
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avgDevabout 3 years ago
I enjoyed the article as I&#x27;m planning on doing consulting and then pivoting into a SaaS project. However, the writer has not lost 200k and has gained a mountain of life experience, which doesn&#x27;t seem to get enough attention.
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dgellowabout 3 years ago
It might be a bit weird to say this but I love to read about that kind of “failure stories”. Thanks to the author for sharing openly such a personal experience.
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Lamad123about 3 years ago
Great read!!! I had similar experiences though in a much smaller scale with some side personal projects for fun. Despite all the libraries and all the many things already done for you, if you really want to do anything slightly interesting that sets your work apart you will need to really work hard.. I end up abandoning most of these little projects because it quickly becomes stressful and like a job for which I&#x27;m and will never be paid! I can fix a bug here and there or add a feature while working as a part of a professional team and make my employer richer... There might be some ingredient that the rest of us miss.. Or maybe our motives are not quite right!! Becoming one&#x27;s boss seems like a frivolous thing and might not be enough to push you forward in hard time.. Or maybe one can&#x27;t be both a craftsman and a businessman at the same time..
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ZetaZeroabout 3 years ago
2k hours and 20 months later: &quot;But we were still not there with the MVP. And we already trimmed it down to the bare essentials.&quot;
fhrow4484about 3 years ago
Previous discussion (Jan 2021 - 235 comments): <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25627081" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25627081</a>
lnxg33k1about 3 years ago
My take for this is:<p>- if one wants to experiment and learn new tech or approaches one should not leave the job and create maybe some side experiments<p>- I can see why people would just leave the fleet if there is not a steady path forward towards an mvp<p>- we have project managers around with the capability to manage plan and prioritise projects of a chair? As a dev is frustrating<p>One either win or learn
davidkuennenabout 3 years ago
Reading this gave me the constant feeling he waisted way too much time on technical stuff. For an MVP with an uncertainty of success it&#x27;s important to get it out of the door with minimal effort and time.
xwdvabout 3 years ago
IMO startups aren’t worth it anymore if you’re not clearing at least twice the salary of two remote developer jobs (annualized).<p>Reason being, it is easier to work two remote jobs simultaneously than it is to build a successful startup. It is also far more enjoyable and calls on your direct expertise instead of requiring many skills, some of which you may not do well at all.<p>Given that two developer jobs will have you clearing at least $300-400k in income per year, this is a sobering heuristic of how successful you have to be at building a startup to consider it being worthwhile.<p>If the author was working two jobs instead of doing this failed startup, after 20 months he would have roughly $600k+ in earned income to show for it, instead of a ~$200k loss.
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ratsforhorsesabout 3 years ago
Pretty sure this has been posted before....
dSebastienabout 3 years ago
I&#x27;m the author of that article.<p>I wrote this article at the beginning of 2021, a few months before I called it a day and stopped wasting time on that project.<p>I submitted it to HN at the time and there were tons of useful feedback: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25627081" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25627081</a><p>If you&#x27;re curious, I also posted two follow-ups: - <a href="https:&#x2F;&#x2F;dsebastien.net&#x2F;blog&#x2F;2021-02-28-21-months-in-and-80k-views-later" rel="nofollow">https:&#x2F;&#x2F;dsebastien.net&#x2F;blog&#x2F;2021-02-28-21-months-in-and-80k-...</a> - <a href="https:&#x2F;&#x2F;newsletter.dsebastien.net&#x2F;issues&#x2F;developassion-s-newsletter-entrepreneurial-journey-825650" rel="nofollow">https:&#x2F;&#x2F;newsletter.dsebastien.net&#x2F;issues&#x2F;developassion-s-new...</a><p>In summary, I would say that I was way too trusting. I found a startup coach who lured me into the project, and I was super naive. I had doubts along the way but continued playing the game hoping for a happy ending. There was none. I was embarked with a super confident but ultimately hollow CEO, and I was way too focused on the technology.<p>I really did a good job with architecture, code quality, etc., but failed to avoid bike shedding for the longest time. Furthermore, I had no experience with startups, hoped that my co-founders really had a portfolio we could sell to and thus could focus on delivering high quality, even if it took longer. In reality, there was nothing but daydreaming and envy.<p>My co-founder dreamt about the Silicon Valley and VC money, but wasn&#x27;t ready to actually deliver and sell a product.<p>My co-founders also refused to go and discuss with those potential customers for the longest time, and by the time they did, I had run out of money, was super stressed and couldn&#x27;t go on much longer. Worse yet, those prospects of course had important requests, and we didn&#x27;t have the energy left to implement those.<p>And when that realization came, my co-founder just quit silently. From one day to the next, there was not a word, not a gesture. He went offline, and I never heard from him since. I was a tool.<p>I made a conscious choice to invest that time and money, but could certainly have made a lot more money elsewhere, hence the title. But I managed to protect my family from harm. I went back half-time as an employee and continued to pay rent and put food on the table. So no harm done in that sense.<p>And it wasn&#x27;t useless. I learned a ton about myself, about how to actually go about and build something. I learned to recognize bike shedding and to be less naive.<p>The most frustrating part for me is the fact that all this production-ready code is just rotting in place. And there&#x27;s not much I can do about it...
blipvertabout 3 years ago
Quits an otherwise great job because of frustration with meetings …<p>… to do a start-up that’s all about meetings &lt;golf-clap&gt;
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