Sitemaps
Are We Growing or Just Getting Fat?
Let's Get Back to Our Why
How We Secretly Lose Control of Our Startups
Does Startup Success Validate Us Personally?
Should Kids Follow in Our Founder Footsteps?
The Evolution of Entry Level Workers
Assume Everyone Will Leave in Year One
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
Do Founders Deserve Their Profit?
The Utter STUPIDITY of "Risking it All"
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
More Money (Really Means) More Problems
Committees Are Where Progress Goes to Die
Wait a Minute before Giving Away Equity
Why do Founders Suck at Asking for Help?
The Value of Actually Getting Paid
Will Investors Bail Me Out?
Is the Problem the Player or the Coach?
Do People Really Want Me to Succeed?
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
Never Share Your Net Worth
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
The Ridiculous Spectrum of Investor Feedback
$10K Per Month isn't Just Revenue — It's Life Support
Why do VCs Keep Giving Failed Founders Money?
If It Makes Money, It Makes Sense
The Hidden Treasure of Failed Startups
My Competitor Got Funded — Am I Screwed?
Why Having Zero Experience is a Huge Asset
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Risk it All vs Steady Paycheck
A Steady Hand in the Middle of the Storm
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Why I'm Either Working or Feeling Guilty
Are Founders Driven by Fear or Greed?
What if I'm Building the Wrong Product?
How Startups Actually Get Bought
Quitting vs Letting Go
Actually, We Have Plenty of Time
Why Can't Founders Replace Themselves?
Who am I Really Competing Against?
Investors are NOT on Our Side of the Table
Plan for Bad Times, Budget in Good Times
Demo Article
When a $40m Exit is More Than a $200m Exit
Don't Fear the Reaper: AI Edition
Don't Let Investors Become Your Customer
We Can't Stay Out Of The Game For Too Long
What if Our Dreams Are an Illusion?
What if this isn't a "Big Business"?
Founders, Not All Problems Are Apocalyptic
Stop Listening to Investors
Can You Build a Startup in Less than 40 Hours per Week?
Unlocking the Power of a Startup Community
Strategies to Effectively Raise Capital for Your Startup Business
Are Bootstrapped Startups Less Valuable?
Why Founders Don't Ask for Help
Where to Find Startup Mentors to Take Your Business to the Next Level in 2023
What Is a Venture Capitalist and How Do They Work?
What Is an Entrepreneur? A 2023 Guide to Starting Your Own Business
A Guide to Different Stages of Funding for Startups
Time is Our Greatest Asset
The Toll of Everyone Around a Founder
Big Starts Breed False Victories
Once a Founder, Always a Founder
The Invention of the 20-Something-Year-Old Founder
When is Founder Ego Too Much?
Founder Impostor Syndrome Never Goes Away
Always Take Money off the Table
Should I Feel Guilty for Failing?
The Case Against Full Transparency
Why Do We Still Have Full-Time Employees?
This is Probably Your Last Success
How Many Deaths Can a Startup Survive?
How Should I Share My Wealth with Family?
Why Do VC Funded Startups Love "Fake Growth?"
Living the Founder Legend Isn't so Fun
Youth Entrepreneurship: Can Middle Schoolers be Founders?
How to get Customers for Startups
Founder Sacrifice — At What Point Have I Gone Too Far?
The Power of a Growth Mindset: How to Achieve Success in Your Startup
Startup Board Negotiations: How do I tell the board I need a new deal?
20 Best Kinds of Startups for 2023
Series A Funding Rounds
6 Similarities between Startup Founders and Pro Athletes
Choosing The Right Type Of Website For Your Business
Startup Failure is just One Chapter in Founder Life
What If my plan for retirement is "never retire"?
Is Quiet Quitting a Problem at Startup Companies?
If a Startup Sinks, Founders Go Down With it

What Does Founder Success "Feel" Like?

Wil Schroter

What Does Founder Success "Feel" Like?

Founder success is almost never what we picture it to be.

When we think of wildly successful Founders our minds easily jump to billionaires like Branson, Blakely, and Musk, balancing a life of magazine cover story photoshoots with keynote presentations and TV interviews. Our most "successful" Founders often have this air of glamour around their success.

But as it happens, Founder "success" feels way less glamorous. In fact, the most exciting success milestones are often so mundane when they occur that we don't even realize they happened. But this success is a culmination not of a single event, but a series of tiny events that we later look back and realize was when our success was truly defined.

We Always Make Payroll

For most of our journey, we feel like we're living week to week, month to month. During those periods we're constantly trying to run around raising just enough money, selling just enough customers so that we can once again cover costs and live long enough to do it all over again.

It's fucking exhausting.

Then one day, our salespeople actually sell something. Our marketing channels start to convert. Cash starts rolling in, and lo and behold, we finally make payroll without having our weekly heart attack. And then it happens again, and again, and again until one day we actually get a full night of sleep and realize that in fact, this business is going to continue to make payroll without killing us in the process. That's what success feels like.

We Aren't Personally Leveraged

Since the beginning, we fought this constant battle between company growth and our dwindling personal finances. Every day it was "Do we increase our marketing budget or do I pay down my college loans?" Every round of financing wasn't just filling the company coffers, it was preventing our own from being further depleted.

At some point we just got used to it — we associated company growth with personal destruction, whether monetarily, emotionally, or physically. We forgot there was a time when we used to get paid to go to work, not the other way around.

Then something weird happened — we made some profit. That business which had been a torrent of everything we had to offer did this bizarre thing and offered something back. We were so surprised by the turn of events at first we thought it was a fluke. Then, the business did it again, and again. Then it started paying us more money than we could have ever made at a job, and in some cases, more than we thought were even worth. Then everyone wanted to take it from us (a subject for a different time...)

Someone Says "Thank You"

We spend the majority of our early Founder careers saying "Please" and asking for something. We're leveraged in so many ways, and everyone expects something from us. We hire staff and they want to make sure they get paid (seems reasonable!), we take on investors and they want a return (we promised), and we sell to customers and they get super, super, super demanding (suck it up!).

We spend so much time asking for things, trying to make everyone happy, trying to deliver on so many promises that we forget that all of our efforts is in the service of helping all of these people — staff, investors, customers and damn near everyone. We're everyone's mule, and we just take it.

Then one day, we're at lunch with a co-worker, and we find out they just bought their first house. We're enjoying a great meal with so much pride that all of the work we've put in together was able to make this dream happen. Not our dream — their dream. And at that moment, they look us straight in the eye and say "Thank you." Everything we've done, all the sacrifices we've made, the promises we've kept, has earned us those two simple words.

At that moment, we feel success. From that point on, nothing else compares.

In Case You Missed It

Let's Define Success By What We Don't Have To Do Anymore Why do we measure startup success by money? Is it the money we're truly talking about or the freedoms that money buys? If it's freedom, then how much of that freedom comes from money, and how much of it comes down to choice?

How Much Should I Be Working? (podcast). Wil and Ryan take a deep dive into the benefits of thinking quality and not quantity when it comes to your weekly punch card.

We Need a Strict Definition of Personal Success Every moment we spend pursuing an undefined goal is a complete waste of time — especially personal goals.

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