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saint-evan | 1 month ago

This is absurd! The author raised money without a concrete execution plan, treating capital as permission to “think,” and then panicked when thinking alone didn’t magically turn into value. The post implies there was no wedge, no market insight, not even a search strategy... just the weird hypothesis that people say 'I fit the founder profile, therefore I should found something' It frames the absence of structure as a psychological tragedy, but irl this was a self-inflicted governance failure. The author clearly had no personal theory of value creation before taking investor money, and the money simply magnified that undefinedness. Paying yourself to think is ridiculous unless you’re running a consultancy otherwise it’s just accountability theater... Cinema being what this post is!

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yakkomajuri|1 month ago

Hey, author here. I was working part-time for months, we had a live product with customers, a thesis, and an execution plan. This part was maybe lost in the post.

We raised, continued down the same path, and only then realized it didn't make sense. I was being honest about my motivations in hindsight here, realizing after the fact that the product we had at the time wasn't the idea of my life and that I really wanted to go out on my own (and took the chance that appeared).

another_twist|1 month ago

I dont want to dump on the founder here. I appreciate their guts for saying the uncomfy part out loud and being so honest, open and aware of their own thoughts. Major kudos in my book. But dont quit without a quit criteria - a problem, customer conversations, recurring problem insight. Fuck the VCs that say just do it, its advice for rich kids not people who worry about finances running out. Given that this author worked at Posthog, it probably means they lived in London and got paid a decent salary but not a good one. eg Posthog lists their comp at 120k pounds with equity (that thing doesnt have liquidity yet). Thats not a top of the line offer in London where Meta / Goog and others would beat it. Once you have say 100k pounds saved up and mortgage for the next 2 years, maybe then you can think of bootstrapping without an insight. Until then, Leetcode, promotions, better offers are your ticket out of a middle class life. VCs wont show up with more money if and when you're hungry.

MrJobbo|1 month ago

What's wrong to stay in the middle class? Furthermore in the UK - you cannot "promote" yourself to upper class, have to be born in it.

AbstractH24|1 month ago

Starting with the desire to be a founder then searching for a problem is something I’ve only recently discovered is a common occurrence. And i find it a sort of odd reason to become a founder.

Has it this always been common or if it’s a characteristic of a vc-hype cycle?

Why devote yourself so long to creating solutions for a problem of solving it isn’t more gratifying than money?

But after almost decade of working in GTM for B2B startups, I’m starting to realize I find it totally unfulfilling and having begun moving back into the arts world i came from. So maybe I’m just cut from a different mold. Not better, just different.