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Posted by u/bloomtowns 8 months ago
Ask HN: I am at a loss. What shall I do?
I started a startup about 1.5 years ago and raised about $100k. However, most of that is spent on ads, travel and meeting with accelerator mandatory workshops. I have $50k in bank now. I am not drawing salary and living on my savings at this point.

It is incredibly hard to survive without any income on the west coast. I have considered moving but all other obligations doesn't let that happen.

I don't know if I am burned out or something is wrong with my brain. I am just numb to everything since 2023 when my father passed away.

So far we have made $4k but that's it. We released a product in February after significant delay in development. That product flopped. We have made one sale.

I know talking to customer is a cliche at this point. But, I am just not finding anyone to talk to. I have little to no network. Most of our software is for Marketing folks. I am using LinkedIn as primary channel and I do get 3% response. But, it is either not interested or sometime in the future.

I am at a crosspoint now. I don't know if I should continue to work on my startup.

I am relying on drawing from my savings but it is not sustainable. I desperately want to make it work and earn at least living expenses through my work.

I have spent a decade or more in tech but as an introvert and partly autist, I have kept to myself.

How do I find users to talk to and how can I reach out to them? I am finding that building without verifying or talking to users is a costly affair.

I would love to get some guidance.

hardwaresofton · 8 months ago
Put the startup on the back burner and go work a contract/full time job. It seems like you need the stability at least temporarily.

I disagree that you’ve fully failed (as the other commenter put it), but the current situation is untenable, you can’t make progress on your startup under that stress and you can’t survive/thrive in regular life.

Put that on top of grief from losing a family member and you’re basically doing the startup on hardest possible mode.

Unfortunately the job market isn’t great right now but if you put the energy you used to build the company in, you’ll find something.

Oh also talk to your investors and be honest/share your plan.

adrianmsmith · 8 months ago
Steve Jobs famously said something like "every day I wake up in the morning, and if I don't like what I want to do today, for a certain number of days, then I stop doing it".

In this case it sounds like even if you thought you would enjoy having a startup, the reality is you're not enjoying it.

If you're not enjoying it, then there's no reason to continue doing it.

It's time to roll the dice and try some other lifestyle e.g. salaried employment. And if that doesn't work out for you after having tried it for 1-2 years, you are not locked down, you can still roll the dice again and try something else.

csomar · 8 months ago
Do not draw from your savings when you have investors. Instead draw a minimum salary for yourself. Your job is now to raise a next round.
lud_lite · 8 months ago
This sounds like sage advice! Instead of paying for ads, pay for yourself to cold call. The investors still get value.

Also don't travel anymore and the workshops are not mandatory unless it is in some kind of contract. Even then negotiate to get that changed as it increases runway. They can record the workshop for you too if needed.

If you do everything remotely you could move to lower COL area.

Deleted Comment

Quinzel · 8 months ago
When you realise your start up isn’t working, the smartest thing you can do is either sell it to someone who has the resources to do perhaps what you cannot to make it a viable product or service, or give up and move on to something new.

To persist endlessly in something that isn’t going to do anything but drain your resources financially and emotionally, is a much bigger failure in the long run. What do you have to lose if you persist with this start up that’s going nowhere vs, what do you have to lose if you just cut your losses now?

Honestly, most start ups actually fail. It’s a part of the process. People always think their start up will be the one that doesn’t fail, but it’s because humans are inherently over-optimistic about their businesses. They always think they’ll have them established more quickly, for much less money and work than it actually takes.

Take the lessons you’ve learned from this try, and try and apply them to a new idea or start up.

If it makes you feel better, I too started a business last year. However, I knew it would likely fail, but I still wanted to give it a go to see if it would work for my lifestyle and I was using it predominantly as a tax deduction anyway. After about 6 months however, I realised my business model was quite frankly not sustainable for the long term and was probably going to cost me more than I had to gain from persisting. Thus, I applied for a job somewhere, and I am in the process of shutting my business down.

Does that mean I’m done with trying new things? No. It just means, I’ll do things differently next time. For now, I’m taking the time to ‘recover’ from the burnout, and I’m thinking about new ideas for things I can try later down the track when I’m ready to go again.

paulcole · 8 months ago
> Most of our software is for Marketing folks. I am using LinkedIn as primary channel and I do get 3% response

Are you using the free version of LinkedIn?

I’ve had great success with random outreach using LinkedIn Recruiter Lite ($160 a month).

I was using it for recruiting and then one day was in a confusing situation and was like how I can I reach people who might know the answer and have more experience than me?

I just sent them InMails as I would if I were recruiting them. But instead of offering a job I just asked my question.

I got about a 70% response rate. Several people thought it was a clever lead-gen strategy for recruiting them (had to burst their bubbles) but everyone who replied seemed happy to give me advice.

zenyc · 8 months ago
I used to be in marketing and still have lots of contacts in the space. Feel free to share your product and I will send it to my contacts.
smt88 · 8 months ago
I'm going to give you tough love, because you seem to have come here without having gotten it from someone else. I've been here myself, so take it as "me in the future giving me advice" rather than someone being condescending.

> I started a startup about 1.5 years ago and raised about $100k.

That's a very short runway when you have ~$0 revenue. If you couldn't raise more or bootstrap, it was probably a sign to move on.

> It is incredibly hard to survive without any income on the west coast. I have considered moving but all other obligations doesn't let that happen.

It sounds like you know you need to get a job with a salary. You can't move somewhere inexpensive and you can't survive as things as now. Start applying feverishly to jobs.

> I don't know if I am burned out or something is wrong with my brain. I am just numb to everything since 2023 when my father passed away.

Nothing is wrong with you! You're having a normal human reaction to two of the most common human experiences: failure and grief. It would be weird if you felt fine right now.

> But, I am just not finding anyone to talk to. I have little to no network.

Then this business wasn't a good idea from the beginning. Your network is your startup. Sales is always the hardest part, and having a network of buyers already is a huge advantage.

Most startups fail, and most of the time it's because other people are learning this same lesson. You are not alone at all.

> I am at a crosspoint now. I don't know if I should continue to work on my startup.

Absolutely not. You've already failed. Lean on friends/family, find a therapist, and move on. Most startups are failures. There's no shame in it. But don't shoot yourself in the foot by trying to make it work when it has objectively, fully failed. You're almost out of money and you don't even know how to spend money to get revenue. That's a fully dead business.

> I desperately want to make it work

Why? What's wrong with a corporate job or something sustainable that isn't a startup?

> How do I find users to talk to and how can I reach out to them?

You either build your network through extroversion, unpaid favors, friends/family, college, etc. or... you pay for that network. And paying for it is insanely expensive.

Your personality hasn't lent itself to the former, so you're faced with the latter, and you don't have the money for that. So the answer is: you can't. You can't find users. Stop trying to fit a square peg into a round hole. Your personality isn't "startup founder who sells sells sells".