In today’s episode of The Startup Chat, Steli and Hiten talk about what founders should do after their startup has failed.
We hear a lot about startups that succeed and do very well, however, what is not talked about very much is the number of startups that fail and how these failures can affect a founder negatively.
So in this episode, Steli and Hiten talk about what you should do after your startup has failed, why letting go is super important, why you shouldn’t make instantly massive life decisions on that day your startup fails and much more.
Time Stamped Show Notes:
00:00 About the topic of today’s episode
00:16 Why this topic was chosen.
02:24 Hiten’s thoughts on what you should do after your startup has failed.
03:13 Why you should write stuff down.
04:02 How we’re supposed to fail.
04:55 Why letting go is super important.
06:30 Why you should talk to people that were involved in the startup and ask them what they think went wrong.
08:19 Why you shouldn’t make instantly massive life decisions on that day.
09:03 Why you should take some time off.
10:00 What you should do if your startup fails or is failing.
3 Key Points:
Write a post mortem as soon as you can. You gotta find closure. We are supposed to fail.