I have been running my own fashion brand from 2nd year of my college. It was quite tough.
I had to leave behind my friends, family and everything.
Even my emotions left me. The girl who friend zoned me came back only to be rejected by me.
Everything was going perfectly.
In 2 years of startup, I was getting a salary of around 70K a month, which was extremely good for a 3rd year student.
I also got an acquisition offer for 10Cr (1.2M USD) plus 18LPA Job offer which I denied at that time
I had my confidence on top and everything was going as I wanted it to be.
But from September last year. The last 6 months have been terrible. Marketing costs have increased by 400%. Co-founder left. Team all broken.
I planned to graduate with a lots of money from college and a successful company. But I have actually graduated with lots of failures and now a very minimum stipend.
The acquisition offer is not on the table anymore. I feel like I have failed as a founder.
I have asked my parents for one year of time to get settled again. 5 months are gone and only 7 months are left. I have tried a lot of stuff but am only seeing failures.
I know I will do it, but I have lost the cause to work. one side of me just wants to travel and live my life while the other one wants to do business and leave an impact on the world.
Don't know what to do.
Rejected an acquisition offer and now regretting
byu/Animedevta inEntrepreneur
Posted by Animedevta
5 Comments
I feel you man, just stay strong though. Remember, you are only in college now and 99% of people can’t say they are as successful as you have been at this young, myself included. Theres nothing wrong with failing, the only thing wrong would be not learning something from a failure and using it to grow and change how you go about your next idea
That sounds rough. Sounds like you at least know what’s wrong and maybe with some luck and some work you can turn it around.
Damn! What caused the company to get off track?
Did the people that initially offered to acquire actually say they’re no longer interested? If not, it’s worth reaching back out to them.
“I plan to sell the company now and will begin accepting offers soon, though I wanted to give you guys the opportunity to acquire first.”
If you don’t mind can I see the company website? I also run a shoe Ecom store where I sell first copy of air Jordans