Over the last few days, you must have noticed few posts on shutting down of few Indian startups – while it disturbs some of you, the reality is that it’s a representation of market dynamics.
“It is better to have enough ideas for some of them to be wrong, than to be always right by having no ideas at all.” – Edward De Bono
We used to call them deadpool of startups, but Sameer corrected us
Perhaps there’s a case for a “triedpool” rather than a “deadpool” to emphasize this thought that I know you believe in yourself.
So here is celebrating failures and instead of calling it deadpool, we will call them TriedPool – after all, you don’t skid in a rut! You skid only when you have tried.
Over the next few days, expect more action from the tried-ers: we will catch up with them and will have them share their nuggets of experience.
Having said that, here is a humble request to startups – fail graciously.
What’er has happened, you are still answerable to your users and other stakeholders – do not let them down.
Once an entrepreneur was too pissed off with us over their triedpool story (decision to move on) and he said ‘I have moved on because I want to be a serial entrepreneur (and not because the startup wasn’t doing well).’ – Now, that’s a shady statement that just affects your credibility in the market.
The current economic downturn will see some failures- but I believe, that’s how an industry evolves. That’s how India 2.0 will evolve.
So, here is to the Tried-ers:
“It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better.
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly,
who errs and comes short again and again, who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause,
who at best knows achievement and who at the worst if he fails at least fails while daring greatly so that
his place shall never be with those cold and timid souls who know neither victory nor defeat. “- Roosevelt.
We are aware of few very well known names hitting the ‘shutdown’ button, but we do respect the founders (and their investors/customers) and hence, we will share their stories as only when the founders are perfectly fine with that.