That’s the trick, isn’t it. It’s just so hard to figure out which horses are the right ones and which ones are going to bolt off track. In my case, the founders seemed to have good bonafides - former execs from big name tech companies - but had very limited startup experience. Turns out it takes a different skill set to build a company from zero versus running an already successful one.
Yep this is exactly my summary at the end! I'm glad I sat on this story a few years to let it develop and let the positive career consequences play out.
It's an entertaining and well-written story. After reading it I momentarily entertained writing up my own similar misadventure, but even 15 years on, I think I'd find it too difficult to write about. I'm glad you were able to pull it off though!
Don't you remember before inflation when we were able to focus on climate change!
But you totally got us there, the startup failed because we were a vitamin (and because our on-the-fence seed round was scuppered by Putin cooling some feet)
I certainly should have spotted this as soon as they offered me a contract that was a clumsily-reworded version of the contract for the awful overseas contractors
Only way it can work is if you can bootstrap something hyperlocal to start with (think Uber in San Fran)