MagicalDumpling
MagicalDumpling

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 πŸ˜‰

19mo ago
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SnoozyJellybean
SnoozyJellybean

@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 ?

SquishyQuokka
SquishyQuokka
Gojek19mo

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

MagicalDumpling
MagicalDumpling
DotPe19mo

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.

  1. 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" πŸ˜”

SwirlyPancake
SwirlyPancake
Jio19mo

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

MagicalDumpling
MagicalDumpling
DotPe19mo

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 πŸ˜‰

SnoozyJellybean
SnoozyJellybean

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

DizzyWaffle
DizzyWaffle

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

MagicalDumpling
MagicalDumpling
DotPe19mo

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

DizzyWaffle
DizzyWaffle

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. πŸ˜€

WobblyKoala
WobblyKoala

Legend

CosmicRaccoon
CosmicRaccoon

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.

MagicalDumpling
MagicalDumpling
DotPe19mo

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

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