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My Failed Startup Story.

Daniel Midson-Short 65 views

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This is so brave and generous It is true it is really hard to admit that it just isn't working and that perhaps you just can't make it work without making extraordinary sacrifice (and for what?) What is more is that once you admit defeat, it can be such an emotional rollercoaster anger, shame, depression It is not really hard to understand that statement that Elon Musk stated running a business is like staring into the abyss and chewing on glass
Comment from : @DarrenDonhardt

I love this videobrThank YoubrYes I had a story too and I love how you helped us feel betterbrMost importantly its so good to help people not get into this Elon Musk or Fakely funded startups that are hardly doing business but just posing as booming
Comment from : @alvinamatanat4369

So what did you learn? Not to invest your own money and you have different talent?
Comment from : @andrasmolnar516

I felt that this video was honestly way too vague to really have an opinion Everything he said needed more contextbrWe don't know if he failed to identify his audience first and therefore the concept was misaligned with market trendsbrOr This idea failed because of poor execution which could be SO SO many reasons So was it just a bad idea or was it mismanaged? No ideabrAll we know is that this endeavor cost the man 60K and he has to take it on chin
Comment from : @Pegasus-Lounge

No regret You have tried and experienced it You can try again later
Comment from : @kavo-c2x

What u r experiencing is a moment for pivoting This is v common in the startup world Basically, ur app either doesn't pick up the traction or if it is having some traction, but it is not yet reaching the product market fit A v acceptable response in general for this kind of circumstances is to pivot the strategy, not the ultimate vision Anyway, im wishing u all the best As a wise entrepreneur, once told, a startup nvr fails, only their founders quit! All the best!
Comment from : @DJpiya1

Not much meat on the bone What went wrong !??
Comment from : @BarrySlisk

What the heck were yall building?
Comment from : @malcolmn5222

Thank you so much for sharing You hear all about the success stories, but for every big success story there is 20 failures and those stories never get told It took courage to tell your story and i think we are all better for hearing it
Comment from : @aham87

Can you elaborate more what problem your startup trying to solve?
Comment from : @albertcona6499

You were definitely not fantasizing, were you manifesting?
Comment from : @rfsalad4118

The first company I started failed I gave away 50 of the business to a partner even though I was doing all the work This time around, things are completely different—I’m on the verge of closing my first round of funding with an investor So, what changed?brbrInstead of jumping straight into building, I first gathered a use case by messaging brands and pitching my idea This helped me gain traction and interest early on, allowing me to shape the MVP based on what people actually wanted That focus on listening paid off—I secured attention from Fortune 500 and 1000 companies, which in turn caught the interest of an investor I also sought professional advice, working with a lawyer to draft essential agreements (NDAs, shareholder agreements, etc) and found a mentor who provides constructive feedback and valuable resourcesbrbrDuring my first venture, the advice I got was focused on superficial goals: “Imagine the big office, the car, and the money” Now, my mindset is completely different I think about solving problems, becoming the kind of leader I want to be, rewarding employees, and scaling from 0 to 10 customers and beyond It’s been a transformative experience, and it’s made all the difference
Comment from : @CassidyFritsch

Precious vidéo, thanks for sharing your experience mate, i guess we all pass by here ! we get up and try again 🖖
Comment from : @Tobi__sb

1 in a million video
Comment from : @yepyepmusic

F
Comment from : @MihaelaViduka

Hello guysbrI am a 18 year old and I feel really confused and stressed about choosing a career,so can anyone please give me some advice?
Comment from : @nashwaans9649

I watch this repeatedly so sad to fail I sacrificed everything
Comment from : @exceptionalman6548

I know the feeling bro, happens the same with me I left my job and spend 20k in savings in a similar project
Comment from : @pauloberg3399

Can’t judge the man in the arena! You’re way ahead of those on the sidelines still procrastinating
Comment from : @bjk837

Thanks for the Video
Comment from : @DavyBusiness

Wjat made it "unsuccessful"? Dis the cose not work, or did you guys mot get any clients?
Comment from : @ideaplusagency

At least you've still got your looks and charisma Oh wait
Comment from : @HerbieBancock

Do you think it might be remotely relevant to tell us what exactly were you building - or do think that is irrelevant ?
Comment from : @Rami_Zaki-k2b

Great story Daniel! And it takes courage to accept one's shortcomings
Comment from : @qlikstar

No details we can learn from?
Comment from : @PaulChoate-s4v

Yeah that's how I feel about my aspirations of becoming a successful poker player and gambler but after many consecutive years of failure it's just self destructive brbrLike you said, it's a key to success to allow yourself to erase the original plan and create a new one that will lead you to the better life you are trying to create brbrThanks for the video
Comment from : @regalsurvivor3418

What was the app about?
Comment from : @liyuche2695

Mine lost 10k so far, it's a yoga studio, been going on for 8 months, not sure when is the point at which I need to give up :/
Comment from : @Psychojogia

Another GREAT resource on why businesses fail us a peace titled The Hatchet Man's Playbook - a LOT of eye-popping stuff!
Comment from : @marksummers463

A very useful one😊
Comment from : @dennyjoy

We dont celebrate failure enough, we vilify it
Comment from : @Takeitlightly6

I learn something but so many things for your experience
Comment from : @Wrony6

If you don't mind me asking, what was your healthcare app about?
Comment from : @assadqureshi6902

Thank you soooooo much for sharing this! I was feeling so alone and depressed and I literally went through the same thing It was so relatable and needed you may have saved my life ❤
Comment from : @Sdk123-p7v

This video is an eye-opener when one wants to jump into a startup, blinded by the big moneybrThank you very much Daniel!
Comment from : @GreenDimka1

Your eyes are already telling a story, friend As I also failed, I gotta tell you something that it is completely fine to fail As success is glorified more, we think only we are failed I think you are a winner as you tried something I can't even think of doing, it's a matter of perspectivesbrbrThis was destined so don't give importance to the thought that you've done it Instead, you can be someone to tell what not do, isn't it great?brbrBest wishes from India!
Comment from : @Rahul_arora_02

I invented the cure to acne anti-aging I put in about $80,000 my own money I'm still not giving up No matter what happens
Comment from : @Reactstocomments11

Float? Did you mean that is how much spent on yourself or you invested in that company for it’s various expenses?
Comment from : @pajeetsingh

I feel this so much in a lot of ways I'm still going, but holy moly it's been so much harder to get to the point I'm at than I expected If I wasn't absolutely obsessed with my idea I would have given up ages ago Especially since my ADHD is drawn to INTEREST Thanks for your vulnerability here Makes me feel seen! Good luck out there with whatever venture you are on now! -Ryan
Comment from : @modernsam2347

Mannn i feeeeel u
Comment from : @pranavthinks

Very to the point talk No useless chitchat You really know how to deliver what you know Good skill All the best 👍
Comment from : @updatemanojalliswell4186

Thank you sincerely for sharing your story Daniel, so many parallels to my own experience it's not even funny Sent you a request on LinkedIn
Comment from : @the_chett

Thank you for your share
Comment from : @bynanbell

Love it, thanks
Comment from : @laugedyret

Good share, buddy Thank you for bearing your soul for our education brLet us keep a stiff upper-lip
Comment from : @ActualLivingHuman

Lesson:- Do it for passion instead of money
Comment from : @o02anikpramanik72

At least your not 1 million in debt like some doctors are
Comment from : @tigerlee9613

Thank you for telling your story about your failure in investing There are many people who tell their success stories, and we usually do not see failure stories, which makes us live in our imagination that we will succeed and become a millionaire, and we do not realize that it is possible that we lose
Comment from : @AconhDefulte20

I don't see this as being on you It just sounds like the business owners have no idea what they're doing
Comment from : @bradmesser4807

One of the secrets to success is learning how to fail fast Its not failure, its a shot at basket, shoot again Once you score a winning shot, it wont matter how many times you missed
Comment from : @robbylebotha

thank you for the honesty
Comment from : @yrrag

I am from India and I started my first business with 41000 pound and it fails and the second business I started with 17500 pound and that’s also fail but I didn’t give up every failure is a great lesson for me but in my 3rd try I started my londery business with 40k pounds and it become successful later on I iron the clothes and also open dry clean facility for people and now I have 15 million British pound in my bank account
Comment from : @Rohitsingh-b3i

Thank you for this video Dainel
Comment from : @allforexsa

I failed 4 times before starting the successful business Part of the process for me was to find out what things about myself I need to improve, and another part of it was finding a business that I enjoy enough to work through the rough days
Comment from : @johnkirstein333

Great Video Daniel, thank you for sharing I had a similar experience but on steroids 6 years and 1 million and ended failing That's why I started my FailWisdom Podcast to help early stage founders to have a better chance at suceeding by listening to other founders stories about their failures, not glamourising successes Check out my podcast here wwwyoutubecom/@startupfailwisdom
Comment from : @StartupFailWisdom

This was so well spoken, honest and brilliant! I love the idea that you tried and how optimistic you were I honestly dont consider this as a failure, but rather is an inspiration story Im sure you're very successful without this startup In my mind, success is peace of mind, not having billions of dollars
Comment from : @atift5465

Hi Daniel! Thank you for sharing your story I'd like to add a different perspective form my experiance While I'm passionate about my startup, I've come to realize that passion alone isn't always enough for success It's essential to consider profit margins and whether we can sustain the company I've found that having a clear understanding of our financials, including cash flow and access to investor networks, is crucial This insight comes from my own experience, and I hope it proves helpful to others
Comment from : @tharukaruwan9041

So you spent $40,000 on day to day living, but $10,000 on the business You should have kept your job and done the tech app till it took off
Comment from :

You probably didn't use enough jargon
Comment from : @xyzct

thank you for sharing your journey it would help me
Comment from : @shailendarshail9990

Business is an intense game I'm now on my second venture, and the first one is doing well and going strong 💪, but not without learning some excruciating lessons 🥵brbrKeep your head up, shoulders back You had the guts to go for it rather than fantasizing all day about it Trust me if you have the entrepreneurial itch you’ll be back 😂 build MVPs they will save you pivot as you gather insights
Comment from : @lewisburton1852

This story you’ll never learn in linkedin😂
Comment from : @PepeCoinMania

Nice acting ❤
Comment from : @arnabkumarpan5615

You gave a shot and thats what life is about!
Comment from : @AliHaider-gu6wk

Thanks a lot for sharing your story sir!
Comment from : @NemuelWainaina

The world made a big mistake by embracing the jewish monetary idea i will humbly urge you to listen to money masters by Bill Still that describe the problem to our money problems which according to UN chief the current financial achitecture is dysfunctional, outdated and unjust
Comment from : @sheikhfadhilaljahdhamy6751

Great video Thank you
Comment from : @rainingmangos

Thank you for an honest share
Comment from : @GatorRig

I too lost 50k when I went ahead build my startup
Comment from : @WealthEngineering

Thank you for your video, it was very encouraging ❤
Comment from : @suzannestrutt7827

Thanks for sharing bro! The honesty was so true and great 🍻
Comment from : @peekhub7446

💪
Comment from : @NitinKanade

Thanks Daniel for honest sharing his story Because most known stories from Silicon valley about successful, easy money-making, how do they became unicorn from nothing etcbrbrAnd biggest mistake you've made is that you thought about how to make money without being passionate (impacting) about your industry and product And your force is that you realized and admitted it to yourselfbrbr And I like your attitude to this case Like: "Anyway it is not failure as it is It is a biggest and most expensive lesson in my life Which costs $60K and several years time-wasting"brbrps I subscribed to your channel, after this video )))
Comment from : @user-channel-on-youtube

I like your failcon Thanks
Comment from : @itscooldawgdonteventrip

i was forced to join a job i didnt know and i failed it to control it No i am the ony one i pay for it
Comment from : @mariaioanna1975

Thank you great sir, I need this
Comment from : @richardedwardson3681

So why did it fail??
Comment from : @ibrochillin

90 of startups never find product market fit Out of the rest that do, 42 percent still fail Failure in the startup world is the NORM not the exception Successful founders often only succeed after multiple attempts Being afraid of failure in the startup world is synonymous with "being afraid of success" You have to learn how to fail before you can succeed Working at a FANG company is a much better ROI, but for many startup founders and entrepreneurs, never trying is even worse than failure Don't forget you learn a TREMENDOUS amount being a startup founder and while it is painful, it could also be rewarding Tech companies will look favorably upon your resume if you do decide this journey is not for you
Comment from : @Cygx

Hey at least you tried ! Most people wont even do that And you must have learned so much And you have the courage to accept failure and move on Hey Thats something buddy !
Comment from : @7guitarlover

Better than a shower or a bath at the end
Comment from : @peterojas3174

Thanks for sharing really inspiring
Comment from : @ShashankChaganty

You look like you have to take a dump in your thumbnail lol😂 stop with the clickbait Peace
Comment from : @DrRodion

Needed this
Comment from : @rahsanmcmillan5233

The saddest thing is I loved building our logic assistant, and we released it, and it was a "nothing burger" I don't think users want to pay for apps anymore This has been the case for at least a decade
Comment from : @mahagolestaneh

Hi Daniel This is one of the best videos I ever found You reminded us that there is a way back from failure I hope things are working out for you now
Comment from : @markhever2071