If this story resonated you, please subscribe! Help me get to 100K :)
@izzyyoung53523 жыл бұрын
Much respect to you man for sharing this. You've accomplished more than more people do in a lifetime, and we all have our own blind spots and make mistakes. To own up to a mistake, takes tremendous maturity. Keep at it man :)
@hunterpruett54553 жыл бұрын
Will be sharing with my friends, thanks man. You've got some really valuable content out there that I think lots of young guys/teens like myself could learn from.
@DiabeticGameGuy3 жыл бұрын
I learn so much from you! Your vids are amazing, and you will hit the 100k very soon. -Diabetic Gameguy
@KitsunePixel3 жыл бұрын
Thank you for sharing this Justin! Great video!
@vibinvp88823 жыл бұрын
Thanks for the pep talk
@arnoudt Жыл бұрын
90% of startups fail 99% of startup stories are about success @Justin Kan, thank you so much for this type of content!
@TheDamonChen3 жыл бұрын
Watching the failure story is worth more than watching 10 successful stories. Thanks for sharing your story Justin 👍
@pridify3 жыл бұрын
Especially from someone who is very successful.
@jensentung3 жыл бұрын
This man is a living legend.
@1991MHsffd3 жыл бұрын
💯💯💯
@altfiwithleighlommen3103 жыл бұрын
Don't know about that, but I like his videos.
@sleepywolf15333 жыл бұрын
@@altfiwithleighlommen310 what do you consider a legend then? This guy built one of the world’s biggest platform. If he’s not a legend, who is?
@jadelahmad3 жыл бұрын
Yep
@JustinKanTV3 жыл бұрын
Appreciate you!
@AndresTheDesigner3 жыл бұрын
"Marketing as a primary differentiator is not good enough, if the product isn't better..." only facts spoken here.
@GabrielSestrem3 жыл бұрын
That's why I like product led growth and bootstrapping
@rdrocketandduck35733 жыл бұрын
Entrepreneurship/ceo isn’t mentally for everyone, even for accomplished one like Justin.
@SheenaAvena3 ай бұрын
You created a new world through Justin TV and Twitch. You have nothing else to prove. Thank you for your honesty and vulnerability. Love your content!
@Peaceseeker9173 жыл бұрын
I just recently discovered your channel and I'm grateful to you for your business tips, stories, transparency and your the epitome of a true entrepreneur.
@justinh50763 жыл бұрын
Failure is not an option until it is and that's painful on many levels. Thanks for being so authentic 👍
@zes72152 жыл бұрын
wrgg, no such thing as painx or etc
@OshMax3 жыл бұрын
dude, you're the man, it's so hard to find people that are real. You are trying and giving people the real experience on the high end of life. Thank you SO MUCH!
@GuillaumeVerdonA3 жыл бұрын
I can't believe these videos are free. Thank you for taking the time to share your entrepreneurial wisdom 🙏
@willchee43663 жыл бұрын
Thank you for sharing your story. I too laid off employees back in 2019 and the way you explained what you felt was exactly the same way I felt when my business had to come to an abrupt halt. It was a very humbling experience. But the lessons I learnt will be applied to my future endeavors so that the mistakes I made will not be repeated again. Really nice to have genuine and open hearted guys like you on KZbin.
@anisankaran23653 жыл бұрын
Mad respect for you for making this video...takes balls to put out a hardcore self analysis of a personal failure.
@zes72152 жыл бұрын
wrr
@carlosangelchen60213 жыл бұрын
It is very brave from your part to share with us your failure. Its means more than succes, because from failure you can learn a lot of things. Thank you for your experience
@Kidpambi3 жыл бұрын
Man, this channel is pure GOLD
@acastanaz3 жыл бұрын
💎
@kelvinxg67543 жыл бұрын
indeed
@JustinKanTV3 жыл бұрын
Thanks for watching!
@tomerre85433 жыл бұрын
Definitely best piece of open and heart given advice by Justin. There's so much to learn in failure, most importantly what is your ultimate purpose as a human being.
@sahil91463 жыл бұрын
This was awesome. Thanks for sharing. I just shutdown my first startup about 12 months ago. You've inspired me to want to share my story and lessons learnt as well. I spent a long time trying to find good first hand content from startup founders that closed down their business to help me get through the difficult period but there isn't a lot of authentic content like this around. We need to have more founders share their experiences on failure and how they got through it as its such an important part of the process.
@hishamurai3 жыл бұрын
Clickbait title should be: "How I wasted 75 Million Dollars". This was amazing to hear you be so candid about it, keep it up man!
@isoaxe3 жыл бұрын
50 million. He returned 25 million to investors.
@sekkes3 жыл бұрын
Humbling to listen to. I was part of a hyper growth startup in LA that shutdown over night. It was a rough spot to be in for everyone - but the CEO never even spoke to the team or apologized in the way you are now. Communication goes a long way after failure
@LovvTier3 жыл бұрын
Someone just starting my journey. I appreciate all the knowledge and experiences you drop. Thank you very much. Wish you all much success
@excessorizeme3 жыл бұрын
A real OG.
@traderstan14383 жыл бұрын
Thanks for sharing. Accepting a 75m loss had possibly felt like a hit in the gut, but man one needs the courage to do that
@Friday411 ай бұрын
Thank you for sharing your difficult story , there’s something we all can learn from your experience.
@shanemason893 жыл бұрын
Thank you for this sincere and emotionally intelligent telling of a high-stakes failure. I'm an entrepreneur and I often struggle with how to get through the day to day emotional rollercoaster. Thank you for your advice of focusing on being present and thinking "ill get through this". That really helps.
@MA-zg2pz2 жыл бұрын
❤
@arthurbulan3 жыл бұрын
I skipped out on atrium as an engineer in 2018 because I didn't understand the tech, and value it was providing. Another big turn off which founders don't realizeay be a turn off, is hiring fast like "we plan on doubling engineering every 6 months" type of vibe. To me this just means it will be chaos.
@AmirTavassoly3 жыл бұрын
Thank you so much for doing these videos Justin! It means so much man
@grantschultz11153 жыл бұрын
Wow, it’s impressive to make it through something you see as a big failure and grow, and it’s even more impressive to share the story publicly while taking full responsibility so others can learn. Thank you, I learned a lot!
@wava48223 жыл бұрын
Literally the best free wisdom out rn Justin is a legend.
@rafidhoda3 жыл бұрын
Thank you so much for sharing your experiences Justin! It's so refreshing to hear someone like you talk about a recent failure in such an open way. A lot of interviews or podcast episodes that feature "successful" people have them share their failures. However, those failure stories always lead to the successful end, making those failures "worth it". But failures are hard and everyone goes through small and big failures throughout their lives, except most of us never experience a huge success.
@kozmik48483 жыл бұрын
He founded twitch. So he has had a huge success.
@mirjanabosnjak80643 жыл бұрын
This is not failure. Life is messy, life will always be messy with good and bad things happening
@buranalim3 жыл бұрын
This really resonate with me, I was a founder and couple of times as a founding member. The hustle and the learning curve was amazing, but I was not happy. Until covid happened and we need to shut down our company, this helped me rethink what I want in life and what truly makes me happy.
@footballbizzcom2 жыл бұрын
I have followed you since day 1 Justin - of all your videos. This is by far the best and helpful for me now, since I am at same stage
@orkhanhelp Жыл бұрын
absolutely amazing, the honesty is over the roof
@MrPinyworld3 жыл бұрын
Well done Justin, it takes a lot to accept your mistake and say sorry in public! Your story is inspiring and refreshing!
@ghostbuster83773 жыл бұрын
Please also talk about finding co founders and partnerships. Its often difficult to find partners and i always avoid doing business with friends because i might lose the friendship when things go sour. Thanks for this great vid
@systemsecure46483 жыл бұрын
Finding a co-founder and other partnerships is difficult when your friends either do not have an interest in your pursuits or have no relevant skills that would be beneficial to building a startup. Justin definitely got luckily knowing Emmit since grade school as with any partnership trust is critical to back you up during the really rough times.
@mikemoss6110 Жыл бұрын
Atrium helped my YC company through some tough times. Even though your company died, as a previous customer, I appreciated you for creating the business.
@jillianlee9503 жыл бұрын
Thanks for sharing the un-happy ending story. The fact that you can share what you went through is a testament to the impact it made on your life and that is something really encouraging to others. We can and will survive through our failures, and they aren’t the end of the story. Startups are hard and most will fail, but that doesn’t have to be the end of the story either. So glad you’re making content! 🙏
@bdinh143 жыл бұрын
Found out of you through Art of Startup via Jumpcut and followed your journey ever since. Appreciate you man and props to you for being vulnerable and transparent.
@iCaKkkkkkk3 жыл бұрын
wow, this is very vulnerable moment, a part of being a good leader, it's hard to realize that we're lacking on empathy and what more admitting it
@adz3333 жыл бұрын
Such a good story and lesson. Thanks for your honesty
@boombajajo3 жыл бұрын
That last bit was so profound. It's true. You see so many founders you think that's what you're supposed to do. But maybe it's not, and that's okay. I needed to hear that. Thank you
@Horacel343 жыл бұрын
Great introspection and honesty in this video Justin!
@runningforglory3 жыл бұрын
Justin you're an amazing and awesome person, i learned a lot from you. Thank you so much for your videos. keep up the good word.
@jameszhan33053 жыл бұрын
Great video Justin. I actually finished 2 interviews with Atrium as a Senior Product Manager - when I heard back from the recruiter about some restructuring within the organization and the role was no longer available. It was one thing to read about what happened to the company but another to hear from you. Haha honestly one of the main reason why I even interviewed was because I looked up to you and wanted a chance to speak to you.
@linebyline9013 жыл бұрын
Thank you Justin for your vulnerable and sincere sharing. You and your channel are GOLD.
@CixLiv3 жыл бұрын
Thank you Justin for your radical transparency. It's great for all the founders!
@systemsecure46483 жыл бұрын
This video was incredibly insightful. The way this sit down has a 'close friend telling you their missteps in life' type of vibe.
@DanielBrasilia3 жыл бұрын
Fantastic testimonial! Total TED material as far as storytelling and as a cautionary tale. Some years ago I was in a similar experience, though the values involved were astronamically inferior and just before a critical moment, the startup folded by everyone's choice. Afterwards I dedicated myself to studying for government exams and discovered myself an excellent public service employee.
@rishishiva78753 жыл бұрын
I was an Atrium customer, loved the service. Sad the service didn't make it. But it is still needed in this space.
@midokratie3 жыл бұрын
This is one of the best videos on KZbin. It resonated but more importantly, I love how honest this is. Most people will only share their success stories and then make some kind of training out of it. Here, we have the confidence of someone that knows how talking about failure will not harm the reputation because of the past success stories under your belt. Still - this was a truly unique approach. Loved it. Thanks for uploading this.
@KismetBP3 жыл бұрын
I love how super honest and straight forward you are in these videos Justin. Love them & appreciate you putting them out. ❤️🤘
@winstonwilkins3 жыл бұрын
I identify with you so much. Thanks for sharing this.
@GolfRalle3 жыл бұрын
Thank you for sharing, I can really understand why it'd be hard! As a founder in the starting phase, it feels good to know I'll survive, even if it fails :) really appreciate the video
@budrobertson76983 жыл бұрын
Justin, you are such an inspiration! Hearing about both good and bad experiences are all great things to learn from so I appreciate your honesty and for sharing stories like this. It means a lot!
@earlyspark3 жыл бұрын
dude, thanks for sharing your failure stories -- most of us know you as the SUCCESS story but it's so encouraging in our own lives to hear real stories of even successful ppl can fail, so we can learn from those experiences.
@kaushiksjourney3 жыл бұрын
Everybody talks about success. Thank you for addressing failure too!
@eliseerickson59943 жыл бұрын
all apology/failure videos are always filmed on the floor or bed, never the normal filming spot haha
@wojciechjankowski1173 жыл бұрын
Bed background +3 apology Justin already has 99 so it's just for the memes ;D
@sheet33353 жыл бұрын
atleast theres no tears or *sigh* at the intro
@JH-jz1sd3 жыл бұрын
Make the apology more real, less scripted right?
@DJVARAO3 жыл бұрын
For drama
@taniachara773 жыл бұрын
😂😂😂
@rajshetgar29243 жыл бұрын
Very humbling to hear about this part of your journey even after being so successful with sale of Twitch. Failures are part of high growth mindset & definitely needed not just for figuring out product-market fit but also people, people who will stay connected during difficult times. Very inspiring and I hope this is useful to many other entrepreneurs like it has been useful for me.
@JoonBeh3 жыл бұрын
Thanks Justin for sharing. You are still well respected in the industry!
@hammadakbar64943 жыл бұрын
Great video. I had a similar experience. On a much small scaler in terms of funds but wiped out all my funding (bootstrapped) and years of extreme hard work. I knew within 6 months, I needed to shut down and restart/pivot. However that 'I am 90% there' mentality coupled with the common wisdom 'Don't give up', I kept pushing... End result was: -Years of extreme hard work and misery. -Ruined personal relationships. -Lots of funds wasted. In the end, I only shut it down when my entire development team resigned all in one go. They had equally been miserable... It can get damn murky in the startup world...
@kerim49733 жыл бұрын
Justin, as an executive director in my 20's, you are my greatest inspiration. Thank you so much for opening up about this topic. Your content helps me a ton, really I feel like I'm in dept to you. Thank you. :)
@lesryglrhfohser3 жыл бұрын
tf is an executive director lol
@layomayo18833 жыл бұрын
@@lesryglrhfohser In countries outside the us if u call urself a ceo n have less then 250-1000 employees ur known as a joke so i.e. director is a perfect title
@KirillZubovsky3 жыл бұрын
Shutting down a company is a painful and long-lasting experience. You can get past it, but not over it. It sucks. But at least you gave it your best. Going through life on a cruise control would have been so much worse. p.s. You made a great YC partner. Wish we had more office hours with you!
@fredisland3 жыл бұрын
You got my subscription Justin. Really appreciate being open and candid about your experience with Atrium. Not sold on some of the concepts though. Successful startups solve existing problems (which may or may not be already identified by the customers/users). For instance, in your example, FB, Google, Amazon,... solved existing problems in a much more impactful and efficient ways. People already were connecting with friends and competing foe status, also were searching for wanted things and wanted those things faster, and cheaper. the FAANG&Co executed awesomely and happened to know how to monetize on the opportunity to make healthy businesses. The same way you did with Twitch ;) Much Respect to you! Keep coming the great stuff!
@JT-wy3xl3 жыл бұрын
Thank you for sharing, Justin. It’s not easy to publicly admit mistakes
@BrendaLeguisamo3 жыл бұрын
Thank you for sharing! In my opinion, many people are founders or have the potential to be founders, especially when being true to themselves and taking the steps to make a positive difference in the world while achieving continued happiness during a lifetime. 🙏🏼
@Pompnumber3 жыл бұрын
Hey man, I clicked on this video at the right time. As a leader, its tricky and it feels like you on your own at times, I want to thank you for making this video, truly saved my day. Much love from South Africa. :-)
@pv28033 жыл бұрын
Thanks for sharing Justin. Enjoying your content.
@stoicdoodler29983 жыл бұрын
Brutally honest as ever.
@ToniLiem3 жыл бұрын
This is gold.. thx for sharing yr stroy with us justin.
@joshie9021003 жыл бұрын
Very humbling to discuss this experience. Thank you for sharing great lessons across this video.
@swyxTV3 жыл бұрын
thank you for being so vulnerable and sharing. amazing hair-video fit here 😂 but seriously thank you and im glad you’re on youtube now.
@robertnagy3 жыл бұрын
Love these insights to your mind through ups and downs. Keep it up! 💪🏼💪🏼
@gundarvarr10243 жыл бұрын
TqJustin, u make me on fire again making my startup after 3 years not moving at all.
@chiderafelix99213 жыл бұрын
Thanks so much, Justin, I have great respect for you. I just subscribed to your Channel.
@user-or7ji5hv8y3 жыл бұрын
Appreciate it. Thanks. It really is good to hear all sides of life in startups.
@indighosh3 жыл бұрын
Thank you for the most honest and unfiltered failure experience! The content resonates,
@j1mmyMBE3 жыл бұрын
Justin - remember that 'shift happens'... it was unfortunate that you had a large equity position which created a greater impact; affecting so many... we all have our own personal responsibility, whether investor; leader; employee; etc... well done for making the attempt at rationalising, don't beat yourself up anymore, breathe in, stand up and go forward with greater knowledge and understanding... continue to 'make a difference'... (my personal 'Rotary' mantra...)
@SimonSquibb3 жыл бұрын
It's like listening to a more successful version of me! I always want to start a company as well mate. Justin, did we meet in Hong Kong once?
@IronFudge3 жыл бұрын
Appreciate the transparency! Takes alot to be honest with yourself and accept yourself for you who are.
@Gamedayinteractive3 жыл бұрын
That's a very good point on the target market/customer mentioned around 7:25. A good idea of your user will allow the product to grow and shape into a way that is beneficial for those that you are trying to solve a problem for. There are many tools to use here, like user personas that would allow you to hone in on these specific people for research and feedback as well.
@obscureorca3 жыл бұрын
Thank you very much Justin. This is incredibly valuable stuff.
@robbstat3 жыл бұрын
Full of emotional consciousness. Thank you for sharing. Wish you all the best and all for the teams.
@imani8283 жыл бұрын
"Marketing as a primary differentiator is not good enough if the product is not better in some way" - Gems by Justin Kan
@Fomocigars3 жыл бұрын
Damn Justin. Thank you for the vulnerability. I appreciate the storytelling on a wide platform like this. Will keep pressing
@jadedarmawangsa3 жыл бұрын
this is GOLD
@JustinKanTV3 жыл бұрын
Ahh too kind
@AnthonyBecker97 ай бұрын
Thanks Justin. Guess this is the trap for the founder who has succeeded once-important to follow the fundamentals (make something people want) even if you’ve succeeded once before.
@MakeWayforWilly_3 жыл бұрын
This truly did help as I am absolutely going through a similar early stage experience but as the first marketer and partner. I also (still) believe my end goal is to be a founder & CEO. Also can resonate with your logical process. Love new ideas/industries/concepts, and after enough time starting a business is the obvious thing to do. Currently under my streamer name, but, truly grateful for your openness and sharing of your experience. Plus you've been happier? That's what it's all about.
@jadelahmad3 жыл бұрын
Sorry Justin, this is unforgivable. The fact that you don’t have the following in your video: - sighing - crying - emotional music - tons of excuses - dog
@zb37343 жыл бұрын
Definitely got the thumbnail and title right tho!
@YoannBuzenet3 жыл бұрын
Thanks Justin, really great to hear. Please continue. You rock
@leonjmroe3 жыл бұрын
Mate this is absolute golden content 10/10. Deep respect on sharing your founder story !
@MK-nj5bm3 жыл бұрын
This takes guts I'm actually thinking of making a channel on my experience and failure helping people cope with the reality of failure and startup grind.
@ryan.connaughton3 жыл бұрын
I absolutely loved this. Thanks for sharing Justin!
@prahaynugrahapurwiyatna69723 жыл бұрын
Thank you so much for this video Justin, me and my team currently having hard time in developing our own legal-tech product. It's been hard for you, I experienced it too. You probably feel that you fail today, but I will definitely learn from your experience from Atrium and make sure that my team doesn't make the same mistake. Thank you for your lesson
@cphshum1233 жыл бұрын
Thanks for sharing Justin! Always wanted to hear your perspective on this story.
@varunbalsara31763 жыл бұрын
Thank you so much for this video! Truly appreciate your vulnerability.
@Sansun2093 жыл бұрын
Thanks for being so genuine, and making content like this 🙏
@pobodjjd3 жыл бұрын
Thanks for your sincere sharing! Invaluable!
@ryanberneus3 жыл бұрын
Thanks Justin, Got to learn a lot from you man!!
@swaichsaheb3 жыл бұрын
Your honesty is much appreciated, I have gone through something like this on a smaller scale and I can only imagine the emotions you dealt with. It's tough. I relate to you man, you're not alone thank you for speaking the truth and being such a positive role model. I want to change the world as well, and be a successful founder and it means a lot to me that I have access to your wealth of knowledge and past experiences. Learn from people's success stories, but more importantly learn from their mistakes.
@KingCommerce3 жыл бұрын
Hey Justin, Thanks so much for putting this out there. The story really resonated with me (subscription earned) I've had similar experiences with apps that I launched & iterated on & didn't become ROI positive. I think it's important to have this type of content out there telling the Story of failed startups. I hate when my LinkedIn feed is filled with 'companies that raised x amount' or "we're going public today - it's been a wild ride...". It just doesn't reflect the true nature of the market. I think it's hard to let go sometimes of something you've put so much time into. But, I think you're unto something at the end where you say you love making content & being truthful to your self on what you want to do with your time. Time is the most valuable asset. Or, as I wrote on a napkin long ago: 'time is the ultimate cash'