Startups Anonymous Est. 2013 · Read-only archive
Confessions

I’m financially in the red and still pushing forward.

7 answers from the community

AAnonymous· Sep 16, 2014

Kudos. KUDOS TO YOU SIR. +1,000,000

AAnonymous· Sep 17, 2014

You and 99 out of every 100 startups. Good luck.

AAnonymous· Sep 17, 2014

just like every other startups that's about to fail... goodluck!

AAnonymous· Sep 18, 2014

Helpful and prescient comment. Good luck to you.

AAnonymous· Sep 19, 2014

If this post is asking for a helpful comment, it shouldn't be a confession post. You posted a confession and I just posted a reaction.

AAnonymous· Sep 18, 2014

do you believe in the vision enough to keep pushing through, and do you think there will be tangible traction in the next few months to justify keeping on with it?

if not, there's always doing uber cab on the side. i've thought about doing that myself as i am getting dangerously close to the red.

AAnonymous· Oct 7, 2014

Good. Debt is no reason not to hustle.

Also, be aware of the age and nature of your debts. I had low 5 figures of credit card default from 2006-2008 written off the books, so that's just GONE. Still though, 5 years later and I'm only pocketing 50k/yr pre-tax, from my company, so I'm still in the red....just gotta keep going.

If it's student loans, though, yeah. You're gonna stay on the hook for those.