Startup Founder Blogs His Company's Collapse

man covering his face with his handsIn Silicon Valley, the American Dream is alive and on steroids. Heaping bags of cash are handed to college dropouts with a neat idea, who can then sell that idea for more heaping bags of cash. But less talked about are the start-ups that fail, miserably and painfully. Until now, thanks to one man's intimate blog: "My Startup has 30 Days to Live."

In his first post on Tuesday, the anonymous blogger claims that he spent the past two years building something that he thought truly mattered. But he was suckered into "the startup game," he says, misguided by investors, stretched too thin, and now has no choice but to fire his team and admit defeat. His account is both an indictment of the startup bubble culture and a wrenching real-time obituary of his baby.
"I found myself sitting at my desk, afraid, alone and overwhelmed," he writes.

Tumblr made a big splash in the tech press Tuesday about the blog, hitting a chord in a crash-and-burn world of big dreams and easy cash, and prompting a wild detective hunt for the identity of its mysterious author. But that's what's so compelling about it. If it's true, he could be so many people: According to Mashable, 90 percent of technology startups fail. For venture-backed companies in general, that number is 3 out of every 4, according to Shikhar Josh, a senior lecturer at Harvard Business School. We just don't hear about them. As Josh put it in the The Wall Street Journal, venture capitalists "bury their dead very quietly."

For the enigmatic entrepreneur, it seems that trumpeting his failure is purely therapeutic. "The 20 minutes I've spent doing this each day have been the most calming moments I've had in some time, moments where I can detach and write something that isn't tied to business or content-marketing ploy," he wrote Thursday morning. "This is clarity, or as close to clarity as I've been in recent memory."

You may not follow Silicon Valley, but you probably slow down when you pass a car wreck. And this guy's offering a slow-motion play-by-play of complete annihilation, written like an epilogue to a dream.

Read below the slideshow, "Middle Class Jobs Killed By Technology."

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blakaz

this job deficit is driving me nuts 1year and six months later! Thanks to obama care companies up here will ony hire part time and to add insult to injury the hourly pay at mayc's and walmart type places only pay minimum wage! Please tell me what a middle age single mother of two should do. Even though social services help me a little, I found out that if I take a job as a cook at an infirmry or home for the elderly they, only need part time help! And if I make four hundred and fifty $'s a month they'll completly cut off what benefits I have! I did not expect tears rolling my face in front of my children. All the social workers did was ignore my sorrow and kept it moving!

July 22 2013 at 8:35 AM Report abuse rate up rate down Reply
1 reply to blakaz's comment
Genesis

It would be easy to say "Black az" is to blame for her failure in life, and that her bad spelling and punctuation are a clear indication that she just didn't pay attention in k-12 school. But the challenges she faces probably have roots that go back a few generations. Her mother and father (if they were both in her childhood), would likely have faced many obstacles to getting the kind of education that would allow their child--this woman--to succeed. Poverty is not extinguished in one lifetime; it takes many years to overcome the issues that drag down disadvanged and disenfranchised people. As for "Black az," I would recommend taking a few hours of community school each week, to find a new skill or improve on some areas that were left behind in youth. Good luck!

July 30 2013 at 7:10 PM Report abuse rate up rate down Reply
1 reply to Genesis's comment
SJones

And how, pray tell, can she afford to take classes when she can't afford to feed her children? I'll bet she doesn't qualify for Financial Aid because she's already collecting social aid.

August 10 2013 at 5:23 AM Report abuse rate up rate down

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