Table of Contents
When is it time to leave a startup company?
Before we get into the large number of warning signs it might be time to leave a startup company let’s first set some expectations. All startups have problems — 90\% of all startups fail and even the successful ones tend to hit multiple “near death” events along their path.
What is a co-founder of a startup?
Co-founders and founders create the business. They have the most at stake, often contributing their own funds to get the company going and working crazy hours as they push to get the startup off the ground. Especially in the early days, the buck stops with them.
Can I buy out my co-founder?
If your founders agreement doesn’t provide for a vesting schedule, if your cofounder is already fully vested, or if (gasp!) you don’t have an agreement or vesting policy, you’ll need to come up with funds to buy your cofounder out.
Can I start my own startup while working for another company?
Balaji emphasises that entrepreneurs who want to launch their own startup while working with another employer need to check their internal employment guidelines. “Some companies do have zero tolerance, which means that an employee cannot take directorship or invest in another company or work on another project.
Is it hard to shut down a startup?
The truth is that making the decision to shut down your company is likely the most difficult one you’ll make along your startup journey…and it’s one that’ll hurt pretty bad. I don’t know why this isn’t talked about more, but here’s my contribution to the greater good: my story of how I made the decision to shut down Tali, and what that feels like.
Should startups worry about making money later?
Some startups say “we’ll worry about making money later”. That’s ok as long as 1) you have a good plan to make money later, 2) your user growth is stellar, and 3) your investors like that your user growth is stellar. If the plan to make money is unclear, you might be building a house of cards.