About this episode
Avni Patel Thompson founded Poppy, which helped parents book the best caregivers. They went through the YC Winter 2016 batch and recently shut down. Avni asked to come on the podcast to talk about what the process of shutting down was like. Kat Manalac is a partner at YC. You can find Avni on Twitter at @APatelThompson and Kat at @KatManalac . The YC podcast is hosted by Craig Cannon - @CraigCannon . *** Topics 00:35 - Kat’s intro 01:15 - Avni’s intro 2:15 - When did it become clear that scaling Poppy wasn’t working? 5:50 - Experiments Avni tried with Poppy 9:55 - The last six months of runway 13:25 - Choosing to shut Poppy down 17:25 - Pivot or shut down? 20:10 - Who did Avni have these hard conversations with? 24:35 - Communicating with investors during the process of shutting down 31:20 - How does Avni feel since shutting down Poppy? 38:30 - Tying self-worth to your accomplishments and how it feels after shutting down 39:30 - “This is what trying looks like.” 44:00 - The effects of having raised money 46:00 - Starting to think about what’s next 49:00 - Struggling with unstructured nothing 49:45 - Kindness