SetJam Inc. Chief Executive Ryan Janssen has perfectly captured entrepreneurial anguish.
On his blog, he described the experience of presenting at a New York tech conference with a buggy Web site and a bottomed-out balance sheet:
“So there I was standing on stage in front of 700 of my peers. I’d spent the last two days preparing for the presentation. I’d spent the last week getting our software ready to show. I’d spent the last 4 months and my life savings to build a company. I’d spent the last decade trying and failing and learning and saving to get this chance, and I had about a 50% of getting up on stage and having everything I’d worked for blow up in my face.”
You can sense Janssen’s love affair with his company, which aggregates TV shows and movies online and offers access to subscription sites like NetFlix. And, you can imagine how rapid his heartbeat must have been when the prospect of throwing it all away seemed like a real possibility.
Five months later, SetJam has redesigned its Web site and attracted a $275,000 bridge investment from two New York-area angel groups. The company is fighting for another day.
To read the full, original article click on this link: The Joy & Pain Of Running A Young Start-Up - Venture Capital Dispatch - WSJ
Author: Ty McMahan
