Failing is becoming too cool these days. I agree that it’s ok to fail, but it shouldn’t be a reason to give up easily. Listen to Marc Andreessen talk about this (watch starting from minute 18 to 21):
He doesn’t want to invest in someone that gives up easily, someone that tried then tried then tried until things started to work. The journey will probably take longer than what you think. I know lean startup teach us to fail quickly and move on. I don’t agree on that, I think you should keep trying until the end. Some startups pivot, some need to Grind, read this post by Fred Wilson titled The Pivot vs The Grind:
Entrepreneurs are inpatient, but you really need to wait sometimes, don’t give up easily, you’ll not see results as quickly as you thought. Waiting 2yrs till you see some good traction is normal. Waiting 3yrs to reach breakeven point is also normal. Sometimes you just need to wait!
The biggest reason for startups to fail it’s because the founders give up. There is a difference between failing and giving up. I see many founders give up in their startup quit easily, they couldn’t withstand the pressure from family, friends and life. I can totally understand how intense it could be, but unfortunately thats the game, it’s so f***** difficult to build a startup.
90% of us will fail, and it’s ok. I appreciate the courage to try something new and appreciate what you learned during this journey. Failing is OK, but not cool.