strange news in my feeds today, two fellow startups are struggling – Profitably and Seesmic.
profitably situation is breathtaking, as venturebeat just broke this story about misunderstandings between founders, employees and investors. well worth reading, and key takeaway should be – in a startup, you have nothing to build on but trust. if you loose trust, you’re gone.
luckily none of them are loosing hope and closing doors yet, as loic puts it in the interview about seesmic layoffs:
“I don’t give up, that’s how I am. I always have faith in my team, and I keep going. Success is going from failure to failure until you reach success. There are many examples; one of them is Mark Pincus, who couldn’t raise money for Zynga… I think he’s probably laughing right now when he thinks about that.”
… he is exactly right, persistence is the key to success, if nothing else because most people are less dedicated than the true entrepreneurs, who simply don’t take no for an answer, but rather make the world change.
- Seesmic layoffs show a founder shaken but not willing to quit [interview] (venturebeat.com)
- Profitab.ly looses all but one employee