Why No One Tells Founders, It's Over, Move On

<p>Are you working yourself into the ground without making much progress, if any?</p><p><br></p><p>In this episode of the Startup Therapy Podcast, Wil Schroter &amp; Elliot Schneier break down the failure of their company AffordIt, what actually happens when you run out of VC money, and when you should drop the ego &amp; focus on doing what’s best for your mental health instead.</p><p><br></p><p>Listen in to hear what our VC’s did when we ran out of money!</p><p><br></p><p><strong>Episode Resources:</strong></p><p><br></p><ul> <li>Send us your questions - <a href="mailto:Therapy@Startups.com">Therapy@Startups.com</a> </li> <li>Sign up for the Startups Newsletter - <a href="https://www.startups.com/newsletter">https://www.startups.com/newsletter</a> </li> </ul><p><br></p><p><strong>What To Listen For:</strong></p><p><br></p><ul> <li>[00:00:12] - Welcome Elliot!</li> <li>[00:01:12] - The failure of AffordIt</li> <li>[00:02:42] - What happens when you run out of money from your captial raise?</li> <li>[00:05:19] - Obtaining VC in hard economic times</li> <li>[00:07:35] - What happens if you take on investors and don't become a unicorn?</li> <li>[00:10:12] - How to fail gracefully &amp; maintain relationships</li> <li>[00:11:12] - Is it the investor's job to call when to fold the business?</li> <li>[00:13:08] - What we wished our investors would have done</li> <li>[00:15:35] - The importance of mental health in leadership and why no one cared at the time</li> <li>[00:18:04] - If investors won't advise you in critical moments, who will?</li> <li>[00:22:34] - The group that shatters your ego as a Founder the most</li> <li>[00:28:12] - AffordIt's breaking point</li> <li>[00:31:10] - The perfect person to tell you you're done</li> <li>[00:32:32] - Not sure if it's time for you to fold the tents or have a question? Email us at <a href="mailto:Therapy@Startups.com">Therapy@Startups.com</a> </li> <li>[00:36:57] - You don't have to run out of money to fold the tent</li> </ul>