We couldn’t get our startup off the ground after deciding to reject $40000 funding. We were facing hardship to raise the initial seed money. I’m confused and mentally struggling to make a decision whether to leave the startup now.

Why did you reject 40k?

Anonymous says:

February 22, 2015 at 4:09 am

VC wanted 25 %

Reply
- Anonymous says:
  
  February 22, 2015 at 9:57 am
  
  What kind of VC is that? 40K is something you get from your uncle not VC.
  
  Reply
- Anonymous says:
  
  March 13, 2015 at 9:10 pm
  
  Typical if you didn’t have product to show or any customers.
  
  Reply

VC wanted 25 %

You were right to reject that kind of a dicking!

Anonymous says:

February 22, 2015 at 1:18 pm

where is he now though ?

Reply

It’s hard to give you kind words when I don’t know the specifics of your product, but it seems you should be able to get $40k from customers.

If the passion is still there – keep going! If it’s gone, there’s no shame in quitting.

Most founders think their idea is worth far more than it actually is. The vast majority of founders end up being wannabes who do not have the capacity to actually build a viable business.

Don’t confuse ego with ability.

Keep keeping on, apply to a few accelerators. Many of them take only about 7% for 20-50k and a few take 0% and still give a little cash. Some accelerators lists searchable by location, funding, deadlines, etc:

http://www.seed-db.com/accelerators

http://accelerat.io/

http://www.f6s.com/

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