This is the first time I encounter that. The more I think about it, by "you have to all-in in something even if the company runs out money" standard, I suspect even majority of unicorn founder won't start the company in the first place.
That is the money need it to make the product valuable to users. Without it, the product provides 0 value to users. Let's say there are many companies in this space, all spend at least that amount of money to launch.
Why would you enter a market that requires that much in run-way and think that this is a viable option let alone that could succeed given the current incumbents?
>> To answer your question, we enter this industry as completely new-comer. If we know what we know now, we agreed we should have never started this business in the first place. Also we have 0 founder-market fit, and that should be a big reason why no VC funds us.
I am intentionally making it vague to protect the privacy.
But the business we are in require millions of dollars to launch (after the code is ready). Without that much of money, the product provides 0 value.
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He can hire someone to replace you if he thinks it can succeed. Or continue to work on it on his own without you.
>> You are spot on. I am not stopping him from doing that. This makes me feel much better. Thanks.
That's the thing I am pondering about. He tells me if I don't keep do a startup now the next time I do it will be like 5-10 years later. I will have kids, etc.
But I know say if I take a break of say 1-2 years I can start a new startup, whether I have a family or not. I might even do some side projects even before then and see how it goes.
I am wondering if he says that out of his self interest or for me.
My cofounder tells me I am guilty if I don't stick with him keep building, even if it is something else. He quit his job to join me, and I am wasting his years of life if I quit.