Hey there 👋, it's been a while since our last blog post about building a startup, and I thought it was time to give you an update on what's been happening. So, what happened with the startup? Well, we decided to call it off in November 2022 after realizing that we weren't making any progress in verifying our idea.
Lack of Passion 💕
One of the major reasons for this was a lack of passion. We've worked together for years and have always delivered successful projects, but while working on the startup, we often felt like something was missing. We doubted the idea multiple times, and it felt like nobody truly believed in it. It was hard to make any progress without that spark of passion that drives dedication and hard work.
Lack of Experience 🔬
Without that passion, we also found ourselves struggling with a lack of experience. Every path we took felt like the long one, and we were constantly learning lessons the hard way. Despite our talks and progress in the codebase, we still had uncertainty about the validity of the idea. We realized that we were missing vital components and lacked a product person. We don't have a business background, and while we've gained knowledge through our careers, books, mentors, and podcasts, building a startup requires a lot of product work that we're unfamiliar with. I know this sounnds like an excuse; many people had started a company with no business background but having no experience and passion for chasing the idea is almost impossible. Experience can help overcome difficulties that otherwise would take enormous time and energy.
Next Steps 🚶🏼♂️
Ultimately, we decided to call it off and take a break. Its not the end of the road, though. We plan to come back stronger and more mature in pursuing an idea that we're truly passionate about. Calling off the startup was the right decision for us. While it was disappointing to let go of something we had invested time and energy into, it allowed us to refocus our efforts and pursue other opportunities. Who knows, maybe the experience gained from this failure will be the foundation for our future success. As they say,
failure is not the opposite of success, it's a stepping stone to success.