The Portable CTO
Startups · Technology · Leadership
Two of my friends had their startups shut down this past month. It's a tough thing to go through. I was with a company that went from 8 to 3 people during my short tenure, so I've seen the implosion first hand.

Then I saw this thread on Hacker News, that brought up the possibility of selling their old codebase:

"My co-founder recently decided to shut the company down, focusing on what he/she does best rather than being reliant on tech/design my payment for these past years, I get to sell whatever we have created, code wise, and get the dough for it."

The truth is it's probably worthless. Without users, revenue, or a customer feedback loop, code is just words on a screen. As developers, we attach a lot of our worth to the amount and quality of code we write, but that's not the metric that drives startup success.

What do you think? Have you ever been able to salvage value from your failed company's code? I'd be interested in hearing about it.
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"Some studies suggest that it takes 6–12 months for a developer to become highly productive within an average organization. It can take another 6–12 months before the developer has a positive ROI for your business."
"Over two-thirds of founders think we are in a bubble for technology companies. It’s the highest number we’ve seen since 2015."
"Look at where your customers want to be. Find the problems in their way. Clear the path. Build a product that will do this for thousands of people by solving their critical issues."
"Product Zeitgeist Fit (PZF) is when a product resonates with the mood of the times."
"The best way to climb the wealth ladder is to spend money according to your level. Until you have the money to spend frivolously within a level, you have to be strict about your spending in that level."
The next course begins January 20, so if you need a kickstart to get your company going, here's your chance.
"There is often some shame involved in learning something new as an adult. What if, in the process, we’re found lacking? What if we simply cannot pick up the knowledge and skills we need?"
"The number of girls who took the AP computer science exam jumped 135% between 2016 and 2017. Likewise, the number of black and Latino students who took the test surged by 170% from 2016 to 2017."
The majority of startup executives have advanced degrees. So, while the idea of leaving school to found a business is romantic, it's far from statistically wise.
"Titles typically serve three purposes: helping people understand that they are progressing, vesting authority in those people who might not automatically receive it, and communicating an expected competency level to the outside world."
"You need to craft a product team to match the phase of your company...The consequences of a mismatch can be far-reaching."
Victor started with a game that worked pretty well, and after hours of optimization, he still has a game that works pretty well.
Happy Holidays!
Karl Hughes
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