I've always wondered -- how does one recover from the financial setback of the initial failure? In good times, this may be easier if one either has savings or can quickly find a job to fall back on. But in times where jobs may be more scarce, how does one get through this?
Also, do the subsequent funding rounds get easier or harder? Do subsequent startup funds lean more towards VC or angel sources, assuming that one cannot save as much for the next rounds for a self-bootstrap?
I completely understand that the emotional roller-coaster must be difficult to overcome after the first setback, with a similar toll for a spouse/partner and family. How do people also overcome the financial setbacks?
I've always wondered -- how does one recover from the financial setback of the initial failure? In good times, this may be easier if one either has savings or can quickly find a job to fall back on. But in times where jobs may be more scarce, how does one get through this?
Also, do the subsequent funding rounds get easier or harder? Do subsequent startup funds lean more towards VC or angel sources, assuming that one cannot save as much for the next rounds for a self-bootstrap?
I completely understand that the emotional roller-coaster must be difficult to overcome after the first setback, with a similar toll for a spouse/partner and family. How do people also overcome the financial setbacks?