The War Room
Discussion
Post

How many startups have you bankrupt before?

Why the question?


I believe it's important to fail early, fail until you succeed.


I have tried 4 times, started from 0 with a new idea.


I'm still pushing through with my current startup with the knowledge of 3 failed attempts

How many startups have you bankrupt before?
Attached poll
*Voting in this poll no longer yields commission.
🏰 War Stories
πŸš€ Career Goals
πŸ€·β€β™‚ Poll
17
Jackywaky
Arsonist
+9
Master of Disaster
β€œEver tried. Ever failed. No matter. Try again. Fail again. Fail better."
Kinonez
Celebrated Contributor
+9
WR Enthusiast
Fail early, Fail often, Fail until you succeed
Jackywaky
Arsonist
+9
Master of Disaster
until richΒ 
Show 1 more replies
MrPotter
Opinionated
+4
Trainer
I'll bankrupt all the necessary ones if I have to!! 🀣🀣🀣
Kinonez
Celebrated Contributor
+9
WR Enthusiast
That’s the spirit!! Have you started yet?
No_ty
Catalyst
+6
Sales Dir.
like none?Β 
Kinonez
Celebrated Contributor
+9
WR Enthusiast
It’s never too late to start!
AlphaCharlie
Politicker
+5
Account executive
what startups did you create?
Kinonez
Celebrated Contributor
+9
WR Enthusiast
A Tourism app, Gym app, Marketeam Agency, Hammock buisness and coffee plantation.Β 

What about you?
AlphaCharlie
Politicker
+5
Account executive
I haven't had the chance, to be honest I'm scared of failing
Show 6 more replies
bamageorge
Celebrated Contributor
+9
International Sales Director
Not yet...
Kinonez
Celebrated Contributor
+9
WR Enthusiast
It’s never to late to start! Do you have a business of your own?
CuriousFox
WR Officer
+11
Senior Account Executive
I haven't personally. But I did work for one that failed after 2.5 years. I'd still work for a start up if it was something I was passionate about.Β 
slaydie
Politicker
+5
Account Executive
same, but I've been on a sinking ship before haha
NoSuperhero
Politicker
+7
BDR
0, Here for the comments hahahah+

Kinonez
Celebrated Contributor
+9
WR Enthusiast
It’s never too late to start!
GDO
Politicker
+7
BDM
I think this is somewhat of a cultural difference.

In the US starting a firm, giving it your best shot and failing is something you can be proud of. In the EU people are ashamed of having done that.Β 

* problably there are exceptions *
Kinonez
Celebrated Contributor
+9
WR Enthusiast
That’s a good point, in Honduras (Central America) no one is used to starting their own business, the cultural isn’t their and 8/10 don’t survive the first 2 years. Only 1/10 survive the first 5 years.Β 
NorthernSalesGuru
Politicker
+5
Account Executive
Well this is awkward….
Kinonez
Celebrated Contributor
+9
WR Enthusiast
How so?
Smithy
Politicker
+4
Director of Sales
Never done it myself, but just left one that is pretty much dead now.

I wouldn't join a seed level start-up again, unless it was at VP/Exec level. Most founders don't know WTF they are doing outside of product and if they hire a friend to run commercial, it rarely ends well.
Kinonez
Celebrated Contributor
+9
WR Enthusiast
I see where you are coming from, startups have a higher risk than Huge corporations, mainly because the my might not be there tomorrow. However I’d entourage anyone to start their own if they have an idea they truly believe in, even if they don’t succeed (I haven’t 3 times now) you’ll learn so much and grow incredibly as a profesional!
Wolfe
Politicker
+4
BDR
1. Corona times.Β 
Kinonez
Celebrated Contributor
+9
WR Enthusiast
How was your experience? what did you learn? I believe that we learn and grow more from these type of events than from constantly succeeding!
Wolfe
Politicker
+4
BDR
Nothing is permanent. Do not hold on to anything.Β 
Show 1 more replies
eman
Politicker
+2
Account Executive
I haven't...but I am pretty sure a technology I have sold contributed to it...
Kinonez
Celebrated Contributor
+9
WR Enthusiast
For real? How so? Have you ever started your own company?
Mi
Minish
Good Citizen
Link's Cap
This made me want to start my first.
1
How many different companies have you guys worked for?
Question
5
2
How many companies have you worked for?
Question
16
How many companies did you for?
+37
Beans , Β  verbalzzzzzz , Β  SADNES5 Β  and 37 people voted
3
What do you think about stealth start-ups?
Question
7