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So your startup didn’t survive 2020. Five founders weigh in on what to do next

23 点作者 td333超过 4 年前

2 条评论

parkerconrad超过 4 年前
One thing that&#x27;s changed a lot in the past decade -- when I left my first startup, SigFig, in 2012 (after 7 years of slow, grinding failure -- company has since had a renaissance let by my cofounder, who stayed), it was really unclear what I was qualified to do next. As a founder, I had a lot of general skills but few specific or tangible ones - I&#x27;d spent a lot of time in sales, product management, marketing and generally doing the admin basics like taking out the trash, but I wouldn&#x27;t really have considered myself qualified to run a sales team, lead marketing, or generally run any of the functions at a &quot;real&quot; company that I&#x27;d dabbled in as a founder.<p>I tried interviewing for jobs -- but from the perspective of employers, it was unclear what specific skills &#x2F; experience I had - (most ppl would not have heard of the company I started, so it felt a lot like a 7-year gap on my resume). I was 32, but mostly was only able to interview for entry-level positions. I got very close to a job as a PM at Quora (thank you Marc Bodnick, @ccheever, Adam and Sandra)<p>We&#x27;d pitched 70 different VCs over the course of the co -- I emailed all of them to let them know I was leaving hte company, and asked to meet with them to get advice about my future plans. I only heard back from one person -- Brian Ascher at Venrock, who ultimately b&#x2F;c an investor in my next co.<p>I ended up starting another company in part b&#x2F;c it just didn&#x27;t seem like there were many other good options.<p>This has changed a lot -- many cos, from growth-stage startups to stereotypical BigCos really want to hire former founders into positions that have meaningful scope and ownership and impact. At Rippling, we have some crazy ratios here -- around 40 ppl out of 350 are former founders, it&#x27;s a candidate profile we actively seek out and view it as a badge of honor.
seagull超过 4 年前
&gt; Unless you have an endless supply of conviction, it’s time to admit your company’s pivot probably isn’t going to work.<p>The dynamics around shutting down a company in Silicon Valley today are fascinating. YC and the market forces underlying the VC ecosystem as a whole have pushed things in the &quot;founder-friendly&quot; direction to a degree that&#x27;s pretty amazing. Seed-stage VCs will tell you they invest in people, not ideas, and as a founder if you go to your investors and tell them that you&#x27;ve decided that your business isn&#x27;t viable, the default response you&#x27;re likely to get is &quot;Got any other ideas you want to work on?&quot; I think the list of hard pivot success stories (Slack, Twitter, Soylent, etc) and the general SV ethos of never admitting defeat drive this glorification of the hard pivot as well, but what I don&#x27;t think gets talked about enough is just how psychologically difficult they are to execute properly. If you have an idea, develop enough conviction about it to quit your job, and spend the next several years of your life throwing everything you have into building a startup around that idea, then end up reaching the conclusion that your hypothesis was wrong, it&#x27;s incredibly hard to switch gears within a few weeks and reach that same level of conviction about a completely new idea (unless you have Steve Jobs levels of confidence) -- but that seems to be the expected outcome today.<p>I think Fred Wilson&#x27;s take on this is the right one: <a href="https:&#x2F;&#x2F;www.inc.com&#x2F;fred-wilson&#x2F;pivot-business-failure-start-over-investors.html" rel="nofollow">https:&#x2F;&#x2F;www.inc.com&#x2F;fred-wilson&#x2F;pivot-business-failure-start...</a> -- failure is the norm when building a startup and we should encourage a culture of failing fast and moving on from it.