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Q

Currently im the proud co-founder of a startup that has failed. The entire team tried there best, put all of it in but the competition got too fierce and some big players got involved as competition. My question really is, if in a year I end up starting another startup, and I try to approach investors and VC's, is having a failed startup something to be ashamed off? Wont the investor, even with you possibly having a good product trust you less because you've failed in a previous attempt?

Don’t wait a year. Investors don’t care so much about the failures, but what you learned and how that new perspective is going to help you. Be honest in your assessment for why you lost. It’s typically not because of competition .. it’s because you failed to learn fast enough with the resources you had. Explain how that worked and what you would do differently and that should help.

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