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Who and Why Should You Ask for Advice After Your Startup Fails

Ask people who were involved in your business on sidelines about their vantage point. What do they think went wrong?

Was there any advice they gave you that you did not follow? Was there any information or feelings that weren't shared in due time, which could have helped the situation?

Be open to any honest advice. You have to want to hear their authentic thoughts, not a confirmation of the narrative that you want to believe in.

Transcript

What to Do After Your Startup Failed? ·

The Startup Chat with Steli and Hiten

More from this episode

  1. What Is the First Step to Dealing With a Failed StartupWrite a postmortem. Get everything out of your head. Stream all the bullets that come to mind. Your mistakes, your feelings, all that will come out.
  2. What Does Steli Efti Say Not to Do the Day a Startup Fails?On The Startup Chat, Steli Efti tells founders that the day a startup fails is usually the wrong day for a huge life decision.

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