I'll leave this here, as a lesson.
My co-founder and I (technical founders) have given up on our current company; it's the best idea we've ever had, so brilliant that anyone involved in technology would be shocked by how good it is.
However, during its development, it clearly became a bottomless pit of technical, computational, and legal complexity. Any security flaw and our lives would be over, financially.
I'm sad to leave behind an idea with so much potential. However, the truth is that any unworkable idea, for me and my co-founder, is simply an idea without potential, whether that's paradoxical or not. Perhaps we'll return to this company in the future, with better financial conditions and greater knowledge, but for now it's goodbye and a return to having business ideas.
“He who knows when to fight and when not to fight will be victorious.” Sun Tzu
My takeaway here is: know when to give up. Just like a beautiful but poisonous fruit that worth eating, it's the same with businesses. You'll flirt with your ideas, feed your ego, but your ideas are like a jealous person: they'll prevent you from seeing better things.
I had to give up on my startup
byu/wizardry_why inEntrepreneur
Posted by wizardry_why
8 Comments
As you’ve perhaps realized, ideas by themselves are worthless.
Know how I know? There’s no market out there to buy ideas.
“so brilliant”… “Because of legal complexity..”, “..Any legal flaw and we are screwed”.
I disagree. Your most brilliant Idea was to pivot. Because whatever you had in mind clearly had less potential then risk, wich is everything but a brilliant Idea in my book.
Have you tested it towards a torget group and have clear intelligence it solves a need?
If this is true, everything else is iteration.
If its not true, than this statement
> so brilliant that anyone involved in technology would be shocked by how good it is.
Is false
>so brilliant that anyone involved in technology would be shocked by how good it is.
>No info
if you’re so scared of ‘idea theft’ then you weren’t the person to build it.
I’d love to hear about the idea, I’m non technical so you have nothing to worry about but I do like to problem solve and maybe you could use an outsider perspective, anyway DMs open
That’s a great illustration of how it’s the execution of the idea, not the idea that is the value.
“know when to give up” -> that’s an underrated skill. Many founders confuse ambition with persistence, and ignore the real cost of complexity until it’s too late…
Respect for recognizing the difference.
I really liked this: *your ideas are like a jealous person: they’ll prevent you from seeing better things.*
Edit: number of asterisks required for italics lol