We don’t do a great job of talking about the most important cost of starting a company – our mental and emotional well-being. Every bit of startup life chips away at our lives as a constant grind. It’s a journey few of us truly appreciate until we are too far into it. It’s time to start having a more open conversation about what it really costs to be a startup Founder.
If I take on investors, will they push me aside and run the company?
As Founders, we tend to spend equity like it’s free — only to come to learn that equity is not only expensive now, it’s way more expensive later as the company grows. And we now hold less of it.
Nearly every startup deals with a “toxic employee.” And every minute we wait to address the issue, we create an even bigger organizational challenge that will be way too hard to tackle down the road.
How do Founders go about getting cash out of their startups long before the startups ever cash out themselves?
With such high stakes and low standards, it’s not hard to imagine many startup Founder/CEOs are sitting around wondering “Shouldn’t someone else more qualified be better at this job?” The answer is “Yes” — and yet you should probably be the one doing it anyway. “There has to be someone more qualified, right?” If we’re […]
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?