On: Brutal Startup Failure

[theHolyTrynity]

yeah, problem is that is extremely hard to do it alone

My approach for the future: - Don't raise unless you really need to scale. Bootstrap as long as you can - Co-founders are ok, but with very clear pacts and shareholders agreement to manage conflicts

[satvikpendem → theHolyTrynity]

Don't forget vesting agreements with a 1 year cliff, exactly for situations like this.

[theHolyTrynity → satvikpendem]

Yes. First startup and jumped right at it, skipping the fundamentals.

I was not the only one though, the investor gave us a lot of money with a very bad shareholder agreement