“I wish we could stay here forever.”
It's natural to feel attached to a product, especially after dedicating so much time and effort to it. However, sometimes we have to let go of a product that isn't contributing to our goals.
We want our new product experiments to contribute to increasing the value of our core Hackerreank for Work business to enable new use cases, increase revenue, increase retention, etc. We believe investing in the core HackerRank For Work business is a more probable path to achieving those goals, instead of Hexagon’s post-hire Productivity solution.
In the world of startups, there's a well-known concept called the startup curve. It's a graph that shows the typical trajectory of a startup's growth, from inception to either success or failure. The curve starts with the "idea" stage, where the founders come up with the concept for the business. Then comes the "validation" stage, where they test the idea and see if there's a market for it. The next stage is "growth," where the business starts to scale up and gain traction. Finally, there's the "maturity" stage, where the company has reached a stable state and is generating consistent revenue.
It's important to remember that not every startup will make it to the maturity stage. In fact, most will fail at some point along the way. But that doesn't mean that the time and effort put into the business was wasted. As Monica once said, "Welcome to the real world. It sucks! You're gonna love it." The experience gained from a project, even if it doesn't succeed, is invaluable. It teaches you resilience, problem-solving, and the ability to work under pressure. These skills are transferable to any future endeavours, whether they be personal or professional.
This decision was not easy, but it was necessary to ensure the long-term success of our company. As Chandler once said, "Sometimes things will go wrong." But by learning from our mistakes and staying focused on our goals, we can overcome any obstacle and achieve our dreams.
But this is just the beginning of a new chapter, as the company continues to innovate and push the boundaries. Who knows what exciting projects and adventures await us in the future?
Stay tuned for the next one! Feel free to connect on Twitter :D