When to throw in the towel?

When to throw in the towel?

A presentation on when it might be time to give up on your startup.

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Ricardo J. Méndez

October 12, 2019
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Transcript

  1. When to throw in the towel? Ricardo J. Méndez ricardo@samsungnext.com

    @argesric October 12, 2019
  2. • Technical Director @ Samsung NEXT • Venture investments on

    software innovation, early stage • Recovering entrepreneur • Software engineer • Privacy and open source advocate Who am I?
  3. Speaking, not a speech. What are we talking about?

  4. When to throw in the towel? What are we talking

    about?
  5. Failure states and how to spot them. What are we

    talking about?
  6. Failure is defined by what you want to achieve. What

    are we talking about?
  7. Know what you want to achieve. 
 
 Keep going

    for as long as it is achievable. What are we talking about?
  8. When to throw in the towel? Failure states

  9. If it’s not running out of money, it’s not a

    startup. Failure states
  10. “A startup is an organization formed to search for a

    repeatable and scalable business model.” Failure states — Steve Blank
  11. • When the market invalidates your premises. • When you

    missed your window. • When the timing is wrong. • When you are the wrong person for the job. • When you end up running the wrong kind of business. • When you have commitment issues. • When you are a zombie. When to stop searching?
  12. Not on this list: investors passing. Failure states

  13. When your premises are invalidated. Failure states

  14. When you missed your window. Failure states

  15. When the timing is wrong. Failure states

  16. When you are the wrong person for the job. Failure

    states
  17. When you end up running the wrong kind of business.

    Failure states
  18. When you have commitment issues. Failure states

  19. When you are a zombie. Failure states

  20. When to throw in the towel? Anything I missed? Ricardo

    J. Méndez ricardo@samsungnext.com @argesric