If our startup has stalled, that doesn’t mean we’ve given up on it, it just means we have to figure out where it best fits in our lives.
Sometimes Founders do grow into great managers — and sometimes they were great managers already. But the real question is: “Do Founders need to be good managers?”
Startup failure is knowing our friends aren’t asking about our startup because they already know we’ve failed. It’s knowing we’re the punchline of community gossip, sometimes from fellow Founders who might have a right to joke, but mostly from those who don’t. It’s about trading that exciting victory we dreamed about for the nightmare that […]
The cap table is a ledger of who owns stock in our company. If you and I are the only owners of the company, there are exactly two entries in the cap table. Easy peasy. But as the company grows, and we start handing stock out to more people, the accuracy of the cap table […]
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?