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Why did you close your last startup?
Please share the reasons for deciding to close your last project. It will help new founders avoid making the same mistakes.
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Trader BinQosim
I cant really relate hmmmm
I will like to hear people's experience
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I haven't closed it, but I'm currently spending less time on it because I haven't implemented a correct payment strategy for it from the start, and it's impossible to change it now.
@hosseinyazdi Could you tell us about it in detail? It could help other people to not repeat it
We shut down our last startup because pivoting more times than a ballet dancer at a salsa party didn't quite lead us to the right dance floor. Learning to twirl in sync with market demands is a whole new kind of tango!
Hmmm for me it was because I wasn't capable of seeing it into a startup that was big enough for my liking. Which means that either it wasn't the right market or I wasn't the right person for it
Have you defined criteria for new projects after this experience? What are they?
I have determined that if it is not possible to generate 5M+ EBITDA, I will not take on such a business
The idea was too complex to implement, and I couldn't find a developer co-founder who could execute it within a reasonable time.