Upgrade to Pro — share decks privately, control downloads, hide ads and more …

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.

Ricardo J. Méndez

October 12, 2019
Tweet

More Decks by Ricardo J. Méndez

Other Decks in Business

Transcript

  1. When to throw in
    the towel?
    Ricardo J. Méndez

    [email protected]

    @argesric

    October 12, 2019

    View full-size slide

  2. ● Technical Director @ Samsung NEXT
    ● Venture investments on software
    innovation, early stage
    ● Recovering entrepreneur
    ● Software engineer
    ● Privacy and open source advocate
    Who am I?

    View full-size slide

  3. Speaking, not a speech.
    What are we talking about?

    View full-size slide

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

    View full-size slide

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

    View full-size slide

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

    View full-size slide

  7. Know what you want to achieve. 


    Keep going for as long as it is
    achievable.
    What are we talking about?

    View full-size slide

  8. When to throw in the towel?
    Failure states

    View full-size slide

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

    View full-size slide

  10. “A startup is an organization formed
    to search for a repeatable and
    scalable business model.”
    Failure states
    — Steve Blank

    View full-size slide

  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?

    View full-size slide

  12. Not on this list: investors passing.
    Failure states

    View full-size slide

  13. When your premises are invalidated.
    Failure states

    View full-size slide

  14. When you missed your window.
    Failure states

    View full-size slide

  15. When the timing is wrong.
    Failure states

    View full-size slide

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

    View full-size slide

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

    View full-size slide

  18. When you have commitment issues.
    Failure states

    View full-size slide

  19. When you are a zombie.
    Failure states

    View full-size slide

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

    [email protected]

    @argesric

    View full-size slide