Startups Anonymous Est. 2013 · Read-only archive
Confessions

I work for a startup that's having trouble raising additional funding, I'm concerned that it's a sign of the future. We have revenue, but not enough to support our burn. I want to stay here, but I'm scared.

5 answers from the community

AAnonymous· Nov 13, 2016

There will likely be layoffs within the next few weeks, so start looking for a job. No company that's in a bad financial position wants to pay for salaries of employees over holidays when they are going to be gone by Jan anyway.

AAnonymous· Nov 14, 2016

We could possibly help you, if you're revenue generating. Check out http://pitchprocess.com and sign up for the free presentation.

AAnonymous· Nov 18, 2016

Hi, I feel your pain. I'm sitting here now looking at 3 months of cash in the bank. 14 employees in NYC. We've been in business for 4 1/2 years, raised over $4mm but existing investors are most individuals so not much follow-on support. We have overseas institutional investors who seem hell bent on torturing me. I've personally guaranteed our office so could lose my house (wife and two kids) in the process.

I feel paralyzed right now. The upshot is we have very real revenue possibilities coming in that, yes if all went perfectly, could get us to profitability (and even if not perfectly, would still be great). But...I am tired and burnt out and depressed. Feels good to share. Thanks for listening and just know you aren't alone.

AAnonymous· Nov 24, 2016

Non US investors don't really understand risk/reward structure of startups. They want immediate returns because they don't understand that startup markets take years to develop. Chin up man and happy Thanksgiving

AAnonymous· Dec 7, 2016

Thank you for the affirming words re "Non-US investors" not understanding. That is exactly the case. Chin up it is.