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.
The YC podcast is hosted by Craig Cannon.
00:05 – Kat’s intro
00:45 – Avni’s intro
1:45 – When did it become clear that scaling Poppy wasn’t working?
5:20 – Experiments Avni tried with Poppy
9:25 – The last six months of runway
12:55 – Choosing to shut Poppy down
16:55 – Pivot or shut down?
19:40 – Who did Avni have these hard conversations with?
24:05 – Communicating with investors during the process of shutting down
30:50 – How does Avni feel since shutting down Poppy?
38:00 – Tying self-worth to your accomplishments and how it feels after shutting down
39:00 – “This is what trying looks like.”
43:30 – The effects of having raised money
45:30 – Starting to think about what’s next
48:30 – Struggling with unstructured nothing
49:15 – Kindness