I didn’t know where else to put this brain dump, so I figured SA was a good place to start getting it all out.
I had an idea for a startup almost a year ago, and spoke to a co-founder about it who was really enthusiastic. We are both non-technical (mistake #1), so we were put in touch with a consultant (mistake #2) who connected us to a development team that started building (without any customer dev, testing, etc.; mistake #3). My co-founder and I borrowed $250,000 from my family to get this thing off the ground, and it was only 6 or so months in that I realized how backwards we had gone about things. Got rid of the consultant, but we were already so far into development that I didn’t see the sense in scrapping it all. We’re almost finished development of our MVP now, but we’ve spent almost 200 grand and have nothing to show for it other than this concept of something people might not want.
My family is, fortunately, well off, and told me not to worry about the money if we’re unable to pay it back because they knew what they were getting into, but the guilt of likely wasting this money on a very expensive lesson in entrepreneurship is killing me and weighing on me 24 hours a day.
I left my job last year to focus on this startup full time, and my wife is now our only breadwinner. She’s supportive, but I know this uncertainty is driving her crazy, and while we’re emotionally supportive of each other, we are completely physically distant from each other. I’m sure at least part of that is from feeling disgusted with myself for dragging all of these people down this path.
The worst part is, we haven’t even launched yet and I feel like my negativity is dooming it to failure before it even has a chance.
I’m sure some people would look at my situation and see a brat complaining, and maybe they’re right. But I don’t know how long I can be okay with feeling this way all the time.