- We can’t raise money. Taking too long.
- Takes too long to sign up customers.
- Competitors are sprouting up all over NYC.
- Running on fumes for nearly 2 years with one failed company and one ‘in limbo’.
- Baby on the way. Concerned wife.
- Scared of going back to workforce. Am born to be in startup space.
- CTO has a full time job, I need to get a job.
- Do we pack it in?
Questions
Am I in denial? Am I selfish?
11 answers from the community
A· Jun 25, 2014
Go get a job, that will solve the concerned wife problem.
dont pack it in until you are sure its dead. You can still work on it part time. Babies sleep a lot when they are small. :-)
A· Jun 25, 2014
Thank you. Great advice.
Have secured part time work where I can commute to and from the city. Keep the wheels turning.
A· Jun 25, 2014
I think you should pack it in for now. Get a job and work on a startup in your free time. It is selfish for you to continue on your current path since since you have a family to provide for.
I'm not saying quit on your dream; just work on your dream in your part time while you provide for your family with a job. Notice that your CTO works full time; he's clearly looking out for his own best interests.
A· Jun 25, 2014
That's true. Thank you.
A· Jun 25, 2014
That's why you shouldn't have any kids.
A· Jun 25, 2014
I don't agree. Why should I have to delay that or deny my wife what she wants. I want it too, but just a little later perhaps. I'm sure both can work. ITs about working smarter not harder in this case.
A· Jun 25, 2014
Consider it a temporary pack up. A lot of companies re-launch. This time do it different. It sounds like a stressful situation with the baby coming so get a job. It will give you time to figure out how to do it next time round! I initially thought I'm not an entrepreneur when I closed my first business. But baby I can't wait to get back !!
A· Jun 25, 2014
OP here - great story. Back as bad as ever, huh?
A· Jun 26, 2014
You need to have enough money to support your spouse and child, but it's not a reason to pack it in. But you need to get rid of distractions; kill the 'in-limbo' company, for example.
A· Jun 30, 2014
If you are not signing up customers and competitors are adequately serving the market -- then what is the point of continuing? It sounds like you might be more focused on not working a traditional job. My advice would be to get a traditional job in a related industry. Put some money away and more importantly learn what you need to learn to be successful in your own business.
Alternatively, you could consider trying to partner up with some of your new competitors and see if you would all be stronger together rather than all being unsuccessful apart.
A· Jun 30, 2014
Get a real job, go back to the drawer board until you find a winner. Focus on your family.