I’m sitting on a bench and don’t have any clue about my future.
My boyfriend and I entered the startup world around 4 years ago. He’s the technical co-founder, and I’m non-technical. We secured two investments but pivoted multiple times and couldn’t achieve profitability. We earned some money in those 4 years, a total of around 250k.
Now, we’ve decided to completely pivot and do something else. We believe we can’t be successful in the current industry; it’s extremely challenging, with few competitors, and users expect everything for free. Our ARPU was less than a dollar ☹️
Fortunately, we still have around 1 year of runway, which is good. We could try new ideas, but we have barely any motivation left. One day we’re on a hype train, thinking we’ve found a profitable problem, and the next day, we’re feeling blue because we realize it’s a hard barrier to entry.
What should we do? We’re both super lost. Should we go into communities we’re interested in, build a network first, and then start another startup? Or what?
We know two things - we don’t want to return to a 9-5 job, and we super enjoy working with each other.
Any help would be appreciated. Thanks.
With $250k have you considered buying an existing startup to give yourselves something already moderately successful but with headroom to grow?
https://acquire.com/
The income from that could avoid having to get a 9-5 in a year and fund whatever passion project you think up next.