Ask HN: My Startup is Going to Die Because I Messed Up

I'm 24. I started a company 7 months ago, planning to bootstrap it with $5,000 borrowed from family. We started working hard at creating our brand. Logos, webdesign, website copy, flyers, and SEO. We divided our time equally between these tasks and selling the product. We were headed to profitability in short order. I quickly learned my cofounder was over his head in personal debt, and could no longer work full time. Some of our borrowed money went to him to try to keep him around for a couple of extra months ($1,200). It didn't work and he had to get a job. We've been floundering back and forth, spent the majority of our money, I invested another $1,000 to help us make one more sales surge to allow us to dedicate more time. We planned to see if this startup would work, setting a sales and spending goal in under 60 days. Success and we continue, failure and we cut our losses. We planned

Kind

startup

Status

Shut down

Inventor

calebhicks

Ended

2011

Source

hackernews