Many Startups Shutdown a Few Times Before They Succeed
Feb 01, 2021•39 min•Ep. 87
Episode description
In today’s Startup Therapy Podcast, Wil and Ryan talk about the truth about Startup shutdowns. Shutdown cycles always happen to Startup businesses, several bad decisions don’t mean a complete failure, and second chances can happen when you’ve asked the critical Why’s.
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
What to Listen For
- 00:00 Intro
- 00:59 Startup shutdown is always part of the process
- 07:05 Shutdowns had been happening even before COVID
- 12:15 When you assume you’re a failure because of several bad decisions
- 14:27 How bad was the mindset?
- 16:47 What was the turning point?
- 19:56 Rising back after a 48-hour downtime
- 24:59 Do-overs are what defines some of the great companies
- 28:46 Tips on how to restart a Startup
- 34:06 The looming danger when you can’t ask all the critical “Why?”
- 35:54 It starts with seeing a version 2 of the business to restart
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast