It’s not uncommon for Founders to have all of their net worth tied up in their company without a real dollar to show for it. Our startup might be worth millions on paper, but is there a way to turn it into real money?
What are the most important skills we need to know if we’re going to become a Founder — recognizing that we can only have so many skills with so little time?
Every time we send an email to an investor, ours is likely one of 100 emails from similarly ambitious Founders that drops into their inbox. We have to figure out what signals they’re looking for in order to get them to even open our email.
We all know that there’s a possibility of selling our company, but how much planning can we really do to make that happen?
The key to communicating with our staff about money is to do it early and to get everyone on the same page.
At our core, startup Founders are all frauds. We’re forged from the fiery embers of uncertainty, guesswork and crippling self doubt. And the only way to beat the imposter syndrome that is being a “Founder Fraud” is to embrace the fraud.
We’re so damn distracted by “growth” that we rarely ask ourselves what it is about growth that even matters. You know who cares about growth? Our investors. The media. Our sewing circles of other Founders. You know who cares about quality? Our team. Our customers. Our partners. You know, the people that we should be […]
Everyone talks about starting companies — yet no one ever tells us how to shut them down. That’s because by the time startups go into this dark, hazy abyss called “shut down” mode, things get really quiet. We stop hearing from Founders, investors start talking about other “hot new investments,” and the media has moved […]
By definition, a startup is a torrent of anxiety. We’re swan diving headlong into the abyss. We’re likely doing things we’ve never done before with products that have never existed before. So let’s just start off by admitting we’re all freaked out and it’s a big problem and we all need to figure this shit out.
The worst we can do as Founders is holding on too tightly to a startup that’s not meant for this world. It’s not about giving up — it’s about knowing when to move on.