Personal Finance Community

by Angrybirdd

a year ago

My hustle mindset backfired and Lost all,but am happy

I got into a startup (informal) and invested my savings and also took loan from friends and family. It would take a couple of years to clear up but I am happy thwt I didn't let go.of the opportunity and the learnings also realised the following. 1.I enjoyed the thrill 2.When something has to go wrong,It will 3.My priorities changed (family,health,mental peace) 4.I am enjoying what I have more than ever and not cribbing about what I don't have. I am about to touch 40 and lose all savings(instead loans on the head) but I have never felt so calm ;) Anyone with a similar life altering experience 😉

Guddu2507

Stealth

a year ago

@Angrybirdd - would you pls throw more light on this topic. How did you invest in this startup and how much? Also what would be the main learnings from this ?

salt

Gojek

a year ago

By the sound of it, looks like they invested major capital for sure.

Angrybirdd

Mentor/Advisor

a year ago

What the startup was about doesn't matter in this context. Learning listed in the post.... And some additional below 1. Shit happens and whatever happens, you have to embrace it with a positive mind and work towards what's best for you. 2. You will lose your mind, overpowered by your insecurities but you have to gain control of yourself and bounce back...no matter what,the past has passed and you cannot lose your present over the past and screw your future. 3. Also don't lose your hustle mindset.... You never know when you hit the jackpot. 4.Sometimes I do get into anxiety mode,but then I have prioritised my family,health,peace 5.I have navigated 13 months with all this shit and I survived so I will survive more and I m working on myself now rather than any other venture. 6. I will again get into a hustle with my learnings but will work on the risk mitigation measures more.... As said in the Shark tank "Down but not out" 😔

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Ambani

Jio

a year ago

What was the startup? How did you loose it? Do you have kids 😨

Angrybirdd

Mentor/Advisor

a year ago

I would not like to go deep into what it was was and how I lost.... It would be a long story ( shorter verysion don't give the right perspective) and I don't have kids and nor do I intend to have 😉

Guddu2507

Stealth

a year ago

@Angrybirdd - at least tell us the teachings you got. Also how did you invest

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arbitdxc

Mentor/Advisor

a year ago

#3 is most critical. Kudos on that! Don’t let that go.

Angrybirdd

Mentor/Advisor

a year ago

Thanks ...you are a Mentor/Adv so what kind of mentorship/Advising do you do

arbitdxc

Mentor/Advisor

a year ago

Arre, We spoke on call yday/day before. Mai wahi huun 😁 Mentor/Advisor is mostly from lingo, I help startups on everything and anything in my capability. Fund raise, growth, org building, product mgt, hiring, metrics to look out for, and weird ideas. 😀

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SteepHost15

Stealth

a year ago

Legend

bruh7

Stealth

a year ago

Goat 🐐👑

PersistantEndeavour1

Government of India

a year ago

At 40 you still have 15-20 years to cover up for the fuck up. Always look on the bright side of life mate. Family> health > money.

Angrybirdd

Mentor/Advisor

a year ago

Yes indeed... I am happy I satisfied the keera in me to do what I wanted.

arbitdxc

Mentor/Advisor

a year ago

I feel you and I wish you all the best!

TechBro

Uber

a year ago

Life mein bas ye confidence chahiye…

OnADietCoke

Stealth

a year ago

It still would be great to understand if you could shed some light into what the context of the startup was and how/why it went wrong. People going through the same could definitely benefit from it.

Angrybirdd

Mentor/Advisor

a year ago

Everyone has their own journey...let them figure things out... What might not have worked for me,have worked for others ...there are a lot of things,timing, execution so why discourage someone who can be successful.

AmpleHawk1

Stealth

a year ago

You may think you’re out of it, but pretty soon you’ll want to hustle again. That’s what I thought when I was winding down my own venture. It was bootstrapped though. Joined another organisation and took loans so that the thought of starting up has no space in my head. 3 years later, I just wanna close all loans again and get back to building something.

Angrybirdd

Mentor/Advisor

a year ago

I feel you mate .. Let's catch up... May I drop my email so that we can connect

AmpleHawk1

Stealth

a year ago

Absolutely. Feel free

BlankStareIntoSoul

Oracle

a year ago

Amazing. Lovely to see hustle culture fail.

HappyFeet92

Stealth

a year ago

I dont understand this post. How is investing everything into a single startup hustle mindset? That is poor financial planning

Angrybirdd

Mentor/Advisor

a year ago

When the situation demands you give it all to save the ship..... Nothing wrong in your view but it seems you never tried to venture out 😞

Kuchup

Optum

a year ago

How much is the loss. The number.

Angrybirdd

Mentor/Advisor

a year ago

Sorry can't give out numbers

AnimatedPay6

Amazon

a year ago

You will come out of it, don't think too much about what happened

AllMonkey5Saviour

Stealth

a year ago

Failed Entrepreneur is more valuable

Jarus

Tech Mahindra

a year ago

Ankur warikoo 😅 2