My First Angel Investment Failed!!
I wrote this as soon as I got an email from the founder, sharing that he was shutting down his business.
Just received this email 👇🏻
It is truly heartbreaking to see anyone fail from such close quarters.
I run a media company, and we do sometimes talk about the failure of other companies, and how the founders could have done this and that.
But those who are in the ring, fighting the hard fight, deserve a round of applause.
Because they at least attempted something!
They put their heart and soul into something, watched it grow, and then had to pull the plugs.
Reminds me of a quote by Theodore Roosevelt:
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them 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, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows, in the end, the triumph of high 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 neither knows victory nor defeat.
I wish the founder that just shut down his business the best - with all my heart and soul.
Let the entrepreneurial bug still reside in you, and may you solve even larger problems!
I recorded this video documenting my thought process of investing in this and what I think about the space in general.
This is a valuable video for anyone who is considering investing in their first venture, or who has already invested and is looking for tips on how to make it work better.
If you are a founder who is looking for a financial advisor, a mentor or just someone to talk to, please feel free to write to me at deals.shantanu@gmail.com :)
Do share this with anyone you think needs to hear this 👇🏻
My team
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