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Re:My startup failed, and this is what it feels like by logicallee on Tuesday June 24, 2014 @09:10AM (#7937459)
I read your parent comment with a large level of irony (i.e. not literally). Your parent is bitter that actually building a successful business - by the metrics you just cited, as your parent claims to be doing -- feels/reads/is lived like total failure compared to the feeling of reading a "faery tale" of running a business into the ground while getting incredible levels of support that were "unearned" (if I try to put myself in your parent commmenter's shoes) because the business wasn't actually profitable.

Your parent commenter is bitter about the fact that a total lack of viability - making money - gets support, while he has to bootstrap in the face of derision.

madaxe_again: I recommend you get off of HN if you are interested in building a real business. This is a community for building things that investors here would be interested in. If it's not a problem that a rich man with nothing to do all day but look at Internet metrics can see as something to solve, then building a business is not going to get any support from this specific community.

You should forget about investors. When has an investor ever backed anything that they couldn't have related to within 15 seconds of hearing a pitch for it? But investors don't represent the people of the world.

If you want investment, play with investors. They'll give you $200,000 to stop making money and make a messaging app. If you launch one before you talk with them they'll raise that to $600,000.

It is what it is. (Don't read my comment bitterly. I love this ecosystem.)

Re:My startup failed, and this is what it feels like by madaxe_again on Tuesday June 24, 2014 @09:49AM (#7937695)
Yup - nail on head. Not bootstrapping any more, we did that bit years ago, but I didn't still want to be here, doing this, eight years down the line - hence this is a failure. A moving, growing, functioning, successful failure.

We don't want investors, actually - we don't need 'em. We do, however, want to sell this thing one day, as you can only stare at the sun for so long before going blind. Until then, however, it's fail all the way.

And yes, I'm bitter. Amazingly so. Largely with my own naïvety. But the mask is strong.

Re:My startup failed, and this is what it feels like by logicallee on Tuesday June 24, 2014 @10:39AM (#7937983)
(EDIT: I'm not a journalist). If you have an email I would love to talk to you [EDIT:] as a fellow founder. There is a much wider ecosystem in private equity than just HN-style startup investors. The 100 VC's you'll hear about here represent a tiny sliver of a fraction of private equity. I don't know much about the whole market, but I'll tell you what I do know about it and exchange thoughts.

-

[EDIT:] I wrote this comment first, but following the journalist's response also asking for your email am adding these edits.

1. I would consider giving the journalist your email as well (or email him) as having a story written about you can't hurt -- maybe someone will read about your metrics there and want to invest. You explicitly complain about this in "Support from family and friends, investor backing, media coverage". Now, here's your chance. The journalist has a profile reading "Columnist @ Slate. Contributor @ Priceonomics. Co-host of the Stratechery Podcast (stratechery.fm) with Ben Thompson (currently on hold; please stay tuned)."

2. On the other hand you may be wanting to keep a clear separation from this online identity, which I would respect but the journalist would have to prove through showing you other stories they have written that don't divulge the source.

You can give me a pseudonymous email, it's fine.

Re:My startup failed, and this is what it feels like by jonnathanson on Wednesday June 25, 2014 @07:20AM (#7943272)
I may have come on a little abruptly, and if so, I'm very sorry for that. To clarify my request: I'm not a fairweather journalist who just registered an account, looking for a scoop or a "gotcha" piece on this thread. And to whatever extent my post came across that way, I apologize. I'm a founder and reasonably longtime HN member (1330 days, evidently. I wish I could have written this comment 7 days from now!) who got involved in journalism through working with a YC company early last year.

When I say I am "inclined to be sympathetic," I mean it. I have a very simple agenda here: I think the media, overall, give too much attention to certain tropes of "success" and "failure" stories w/r/t startups. In this person's story, I am intrigued to see that he's built an economically successful business at which he feels trapped. You don't see that kind of story every day, but I suspect it's not entirely uncommon. At the very least, it's worth exploring. Maybe a story comes out of that chat, and maybe it doesn't. My goal would be to have a friendly chat, and to see where that takes us.

If he'd need to talk to me under condition of anonymity, that's totally fine. If he's willing to go on the record, also fine. And if he decides he doesn't want to talk to me at all, hey, totally cool. I would respect any of those choices out of ethical integrity, professional code of conduct, and sympathy for his predicament.

As for me: I use my real name on this account. That means both that my journalistic output is easily searchable, and that I'm holding myself openly accountable to anyone I engage with on HN.

No pressure intended, either way.

Re:My startup failed, and this is what it feels like by jonnathanson on Tuesday June 24, 2014 @10:53AM (#7938077)
Would also love your email. I think your story sounds fascinating, and while I don't know the particulars, I'd love to talk to you about them in greater depth.

My contact info is in my profile. Hit me up if you're ever interested in having a conversation with a writer who is inclined to be sympathetic to your dilemma. Not sure if you're media-averse at this point or not, but I'd love to explore your story for my column.

Re:My startup failed, and this is what it feels like by gridspy on Tuesday June 24, 2014 @05:12PM (#7940685)
Before you can sell the company, it sounds like you need to find a way to hand the day to day operations and management of the company over to others. At that point selling or keeping the company becomes an investment decision - either way you can step back from it somewhat.

Why do you need to remain involved day to day?