Moot Parachute: Jumping into a Startup (Comic)

#entrepreneurfail First Day at a Startup Parachute

 

I went skydiving about 5 years ago.  The experience was not too different from starting a company.

Firstly, the anticipation runs through your system. In advance of skydiving you prepare yourself mentally and physically in the plane, strapping on the harnesses, and wondering how it was going to feel to jump. Similarly the excitement and groundwork at the thought of starting a company is exciting and intimidating all at the same time.

Next is leaving the plane. Whether you close your eyes and jump, or quit your corporate job and start your company the next day, the only way to do it is to GO.  When a skydiver leaves the plane, the force on him is his own weight, and soon thereafter other forces completely out of the skydiver’s control.
And then it is a blur. Your stomach churns, and you realize you can’t focus on anything.  The drag force of the air resistance increases as you go faster and faster.
After the initial moments of free fall, your velocity is now constant and you feel you are in a wind tunnel. As the impact and the pressure keeps building, you anticipate the pull of your parachute. Make sure you have one! In a startup, sometimes there is nothing to stop the free fall to the finish.
And finally, the parachute opens and you can finally see the horizon. You are on a giant swing and able to revel in your experiences as you gently land.
Have you ever been skydiving? How does it match your startup experience? Let us know in the comments below?

 








#SWDub Mentors Share Their Failure Stories

This is was not on the agenda but our ever dynamic team lead, Tracy Keogh, quickly put together a line-up of mentors to share their failure stories with #SWDub participants.

Perhaps inspired by a previous event – StartupWake (formerly known as Flounders), the #SWDub saw 5 now-successful entrepreneurs share their failure stories and here are the punchlines from each:

 

1. Actively try to succeed instead of actively trying not to fail – Alia Lamaadar, Tapir.me

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2. Obey your gut feeling and avoid easy money – Luca Boschin, Logo Grab

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3. Avoid bluffing your way into leaving the table empty handed – Jason Hassett, We Develop

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4. Don’t be fooled by results from test environments – Jason Ruane, Cirkit.io

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5. Giving away equity for quick wins is a very bad idea – Nubi Kay, Travel Bay

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That said, don’t be afraid to fail, embrace it but hate it enough to want to succeed.

Have any failure lessons you’d like to share or anything to add to this, go ahead and add it in the comment box.