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Built $5M. Got 1%. Got let go

3•mhrnik•2h ago
Around 2018–19, a founder from California reached out to me with just an idea.

No product. No traction. Just a vision.

I shared one of my past projects, which was enough to get the work started.

Soon after, I started working with him to bring that idea to life with my teammate/friend.

We built the app from scratch. That MVP eventually scaled to process over $5M+ (something I’m still proud of).

The company raised funding. On paper, my 1% stake started to mean something. Things felt like they were working.

Then things changed.

A new CTO came in, a great guy who taught me CLI & Linux (grateful for that). But I moved from working directly with the founder to working under a new structure.

Less ownership. Less direct communication. More layers.

At the same time, the company started missing its marketing targets. Growth slowed. Burn continued.

In January 2026, I was asked to stop working. By March, even my teammate who was still supporting the mobile app with the CTO, was also asked to stop.

Eventually, the company ran out of money.

We’re still helping a bit on the marketing side now as we want this to work.

That experience taught me a few things:

- Building is only half the game, distribution decides survival

- Proximity to decision-makers matters more than you think

Still grateful I went through it.

----------- Mainly, I only post here about my product or ask something. This time I just share my x post here to share one of the learnings.

Comments

byoung2•2h ago
A founder came to you with just an idea and you went on to build it? You should have been a cofounder from the beginning.
mhrnik•1h ago
I just took the project as a consulting project so I didn't expect much. And a founder was only looking for DEV!
codingdave•39m ago
I've found that contracting to just do the work to build peoples ideas, getting your paychecks, and maybe a tiny bit of equity when you can negotiate it, is a safer long-term bet than any founder/co-founder experience.
pedrofsteim•58m ago
I'm sorry to hear that the company burned all the money. Is there any chance of still being successful? How is the traction? Can you see a path forward?

I had a similar story. I was hired as the first engineer after a mobile agency had built native (iOS/Android) mobile apps.

I built a React web app to support scaling, rewrote the mobile app in React Native to ship faster, and built a ton of features.

We went from 0 revenue to 100k+ ARR, and I got 5% of the company on paper. Then, I hired a small team, and the company scaled to 10M ARR.

I left the company because I had a disagreement with the founder. Today, it is probably doing 20M in ARR, and my 5% (which I still have on paper) has never turned a dollar for me.

mhrnik•36m ago
Thanks for sharing your story.

Right now, it's totally dependent on how the founder takes the call. I am trying my bit, but as I'm way away from marketing right now, I have no clue.

sph•33m ago
You probably meant to post this on LinkedIn and clicked the wrong tab.

If you didn’t, you can write like a human here.

No need to make every line a slogan.

Still I am grateful for this opportunity to spread my knowledge.

Onwards and upwards to the next comment section.

mhrnik•10m ago
I am not active on LinkedIn, as I mentioned that I am active on X, and i just copy pasted from there.

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