Almost 4 years ago, I founded my second tech startup company. I started and run it all by myself till the next 1.5 year where I got our first angel investment of 50K euros and made the first hires.
I left my friends, family, studies back in Thessaloniki and went to Athens to fully pursue it full time. I left my GF Anastasia in Thessaloniki and we tried a long-distance relationship.
Everything was like a dream. People were praising me at such a young age, my friends admired me.
1 year later, we got a Venture Capital and 3 angel investors from Boston and San Francisco to put another 100K euros in our startup. We expanded our operations and our team.
Meanwhile, my long-distance relationship with Anastasia was getting sad and ugly so recently we decided to end it forever.
In summer 2019 we had to hit some major sales goals which we didn't. We couldn't secure a follow-on investment. The team and board got upset. I made some mistakes but man... I've tried my best!
As of now that i am writing this, I just got off a 2-hour call with our board of directors. They decided to remove me from CEO, leaving me with no job, no salary, no board voting rights.
I had 52% equity in my startup but the "Reverse founders vesting" clause that I've signed..... says that If I leave before the 1st year of the contract... I am just keeping 5%.
Now, I have to go back to my studies. No friends since they all graduated. No girlfriend. Went from 52% of shares to just 5%. I fucking founded this company myself, I fucking brought all these people together!
I am so embarrassed to even tell it to my year-long friends or family....
I am taking a step back.... taking a break.... life isn't fair.
fuck dude, this is bad. i feel sad as well sir:(
as im getting into my first weeks of having economics on my subjects, ill quote my book:
"Entrepreneurship is the act of taking the 3 other factors of production, taking the risk, and combining them to maximise profit."
you man, youre the one that had the balls to take the risk and mix everything and anyone that was available and utilise them to the max. And you did. And I am really proud of you for that.
I may have not told you but you are who id like to be in the future. A passionate man with a fire burning inside of him to create. You took that fire inside of you, found the balls, and turned it into a product that collected a 6-figure amount of money for development and testing. That is not a small amount. And I admire you for that.
Even if i am some pixels on your screen, id like for you to know that you have helped me with actually getting a picture of who i want to be 10 years down the road. Someone with the passion and the balls to take up something this big.
Please do not think of this as a waste of time. This experience is something that literally the .1% has. That is going to prove very useful for you in the near future. Do not forget that. Plus it is definitely the reason youd get tons of great offers from offices all around the world.
I'd like to thank you for your contributions to this forum, and thank you for helping me understand what id like my life to be down the road.
wherever you are in life, you have a great group of friends here that will support you and will hear you out without thinking twice.
Thank you homesickerino