Startup Advice for Hacker News Founders
johnndege.comI recently lost my company so thought I would share some unorthodox advice to Hacker News members. There should be more advice on startups from people who failed - they bring key insights to the table. OK. I was at a start-up that failed called "Optimal Networks". Optimal was sold for pennies on the dollar to CompuWare (who, to this day, continues to sell the Optimal product line and make a bunch of money from it). There are many reasons Optimal failed (a dysfunctional founding team, changing the CEO three times, impatient VCs watching the .com boom pass Optimal by). But the most important lesson I learnt was: start your own damn company. It's much more fun to be a founder than one of the first employees. Agreed, I think we learn more from mistakes than successes. That's why I the Blogger interview in Founders at Work is my favorite. Getting things right could just be getting lucky, but dealing with things when they go wrong takes true skill and determination. Agreed, hence why I thought i'd publish my two cents So when's your next startup going to launch? Second time could be the charm! haha, not too long I hope! JohnN, at what moment did you realize that you were not going to continue with your startup? What was the tipping point? It probably set in when I went to a conference for journalism related professionals. Everyone was scratching their heads and asking how the hell do we make money from this new new media. For once I was surrounded by non-entrepreneurs asking tough questions, i didnt exactly have answers to. Entrepreneurs rarely ask each other tough questions (they want to make friends and network). These journalism professionals actually cared about their industry and its sustainability not the hope that someone will buy their company and make them rich. Hey maybe the idea could still have worked but in a radically different form e.g. some kind of about.com/ adsense content syndication hoover. Maybe it was the focus on high quality content/ journalism that was the wrong direction - I'd encourage you to think about other ways it might work if you started from first principles. isnt this something like instablogs ..http://www.techcrunch.com/2008/03/18/instablogs-negotiating-... everyone blogs about successes, but blogs about failures are hard to come by, and that too straight from the horses mouth. .. best of luck for your next venture Dead horse? No such thing. Only insufficiently flogged ones.