The core reason mentioned in this paper is the epidemic situation, which eventually leads to the failure of entrepreneurship. However, I know that it is "ambition", and a better name is dream. It is your ambition that makes you a gambler.
I believe when you accept the investment, your failure has been buried. Because you don't understand the evil of capital, you don't understand your own greed, even now. I'm sure it's because of financing. Your pace is too fast and you don't have enough funds. When the funding gap is too large, some actions against "goods" have been made.
A round of financing is to sign a gambling agreement to stimulate your inner gambler mentality. You bet on your own money, relatives' money, friends' money, parents' money of countless students, and of course investors' money. In the end, everyone got hurt.
So ask yourself, do we deserve sympathy? You haven't realized your mistake yet, and you are still emphasizing that you have given everything. You are adding to your mistakes! Because many people don't know the real reason, but you misled more people by buying suffering.
I also took a venture capital, and the venture capital I got allowed me to complete product research and development (venture capital is not responsible for losses). But my ambition led me to make a decision beyond my own strength, and finally failed in the case of successful product development.
I have been unwilling at first, and I have thought of many ways to make a comeback, always trying to catch a lifeline. It's naive to think about it now.
Capital is ruthless. When you don't know enough about capital, your financing can easily dig a hole for yourself.
When I was in the A round, I hesitated because I had to sign a gambling agreement. Afraid of losing, children are not guaranteed, although at that time 100% was thought to be successful.
After the failure, I once thought that my choice in the A round was wrong. But after 1 years of reflection, I think my choice is correct. My previous experience and mood are not enough. Even if I take the financing, it is estimated that there will be failures.
Now I am much higher in cognition and experience than two years ago, and I dare not say that 100% is successful.
But starting a business involves gambling. If 100% can start a business successfully, then everyone will start a business.
Gambling is ok, but you can't be a gambler.
Small gambling is pleasant, big gambling is harmful.
Gamblers behave tragically, and there is always a problem that cannot be avoided. Because of your gambling habit, you owe your relatives and friends, loan sharks and some innocent people 100%.
I mainly owe one person money (hundreds of thousands) now. I don't want to comment on this man's money, but my conscience doesn't hurt at all. Although I know I was cheated, legally, I still have to pay it back.
In addition, when taking venture capital, a friend's money, 700 thousand. Although I have no legal responsibility, I decided to return it.
Start a business, please be careful! Start a business, please be steady! To start a business, please seek truth from facts and always remember to suppress your expanding small universe.