How I lost 1 year of life doing failed crypto startup
I decided to describe my story of a failed crypto startup. The story how I decided to run a cryptocurrency exchange. And I've implemented it. Alone.
Shortly:
- I spent about 2200 hours hardcore coding, writing, meeting, pitching, calling and everything else related to building a startup – in that case a software product;
- implemented ~ 80 000 lines of code which never experienced production usage;
- registered company which did not gained any profit only expanses;
- spent about 10 000 USD on life living costs without any income;
For some the failure, for some the success. It's not a short story but I believe it may be inspiration for some of you working on own ideas.
Personally I gained a lot: knowledge and experience. However it's still the time I could spend in different way.
I hope you will enjoy it. Ask for any questions.
https://pthomann.pl/how-i-lost-1-year-of-life-doing-failed-crypto-startup/
Hello,
Thank you for sharing your story.
I am creating a blog/magazine as indie hackers but of unsuccessful cases. We always talk about the success we have but not about the failures, at least in the Spanish speaking market.
My intention is that everyone who is starting a business can learn about this, about what not to do. The idea would be to put out a first mvp with several interviews to validate it.
Would you be willing to tell your story? If yes, I'll send you a link to google forms with the interview: https://forms.gle/3kDLzqioyD75Wg1z7
Thank you very much in advance.
Pd: There are no brilliant ideas that, by themselves, give rise to rounded businesses: the essential thing is how a concept is put into practice. However, 90% of initiatives fail within four years and only 3% of business manuals are dedicated to explaining why. Hence the relevance of this blog.