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"What's your plan for selling this business? What's your exit plan?"

Ah, the popular refrain from investors, employees, advisors and just about anyone else that's banking on our stock to make them a few dollars. We all know that there's a possibility of selling our company, but how much planning can we really do to make that happen?

Does it matter if I don't "prepare to sell?"

While it's possible to consider specific acquisition targets, that's really only a small part of the plan.

The real plan simply maps back to the execution of our idea. Knowing that we might be a good fit for a big company is great, but unless our product has incredible value (that came through execution) then "preparing to sell" doesn't mean much.

What if I don't wa...

1. What is seed capital?

The very first money that many enterprises raise — whether they go on to raise more money or not — is seed funding. (Some startups may raise pre-seed funding in order to get them to the point where they can raise a traditional seed round, but not every company does that.)

The name is pretty self explanatory: This is the seed that will (hopefully) grow the company. Seed capital is used to move past the first steps (product development, for example) and to start exploring what the next stages will be (like growth or a pivot).

Seed capital may be raised from family and friends, angel investors, incubators, and venture capital firms that focus on early-stage startups. Angel investors are perhaps the most common type of ...

What if we defined success by what we DON'T have to do anymore?

What if we didn't have to work with people we don't like? What if we never had to miss dinner with our kids? What if we never had to think twice about taking a vacation?

Does this sound like startup Shangri-la? I thought so, too, until 8 years ago. I decided to build Startups.com based on everything I never wanted to do again.

It fundamentally changed my life.

The List of "No" is Life Changing

It turns out that making a list of things we don't want to ever do is actually much easier than a list of things we are trying to accomplish.

That's because saying "no" is more immediate. We can say, "I'll take more vacations when I'm really rich" (the "someday" paradox), or we can say,...

What happens when the people who helped start a company are no longer qualified to work there?

▸ What about Kimberly who became CFO because she was the only person at the time who had taken an accounting course?

▸ How do you find a home for Willis who was the jack-of-all-trades …but now is the master of none?

▸ Should Arnold still be leading the engineering team even though he has less experience than the entire team now?

As our startups mature, we are quickly faced with the harsh reality that the folks that were critical at one stage of our growth are woefully under-qualified for our current state of operations. Things get weird. We can feel the tension mounting as we try to wrestle with our own evolution and how it impacts each team membe...

The past few years have seen an explosion of podcasts — it seems like everyone wants to get in on the audio. And startup founders (many of whom have probably been listening to podcasts since they started in the early aughts) are no exception! But how do you know what to listen to in this vast sea of startup podcasts?

Don’t worry — we have you covered. Here are the top 20 best startup podcasts as we head into 2020. Grab your noise cancelling earphones — and get listening.

1. Startup Therapy

Hosted by Startups.com founders and serial entrepreneurs Wil Schroter and Ryan Rutan, Startup Therapy is an inside perspective on issues startup founders really care about. From what to expect in your first year after launching to how to deal with the e...

Building a startup that drives our lifestyle choices is incredibly hard, no matter what that carefree Founder's Instagram might suggest.

In order to make our startups work around our lifestyle, we have to make a deliberate choice to bend the fabric of reality to meet our demands.

It's crazy hard. But it can actually be done.

It Starts With Strong Commitments

The foundation for having a startup that supports our dream lifestyles is making really strong commitments to those lifestyle choices. For example, if we're parents and we want to make sure we never miss our kid's soccer game, we have to publicly make that commitment and stick to it.

Sometimes just announcing those commitments is a great way to get the ball rolling. When we launched ...

Founders are really bad at asking for introductions.

On a daily basis I get a request that looks something like this: "Hey Wil, I see that you know (some investor), would you mind introducing me to them? I just had this idea 9 seconds ago and I'd love to see if they'd invest in me!"

Now, mind you, I make a living by helping Founders (my dream job) so making introductions is a huge part of my job. The problem isn't my willingness to make them, it's the inexperience of Founders in how to ask for an introduction.

As Founders, our ability to get introductions is the lifeblood of our growth. Here's how to do it incredibly well — and what to avoid like the plague.

Understand what Social Capital is

Every time I make an introduction to someone, I'm...

Growing up broke was one of the most valuable assets to shape me as a startup Founder. At the time it didn't feel too valuable (it sucked) but I'd come to learn later that it burned specific traits into my behavior that served me insanely well in building startups from scratch.

Many of us have had the same challenges, coming from disadvantaged upbringings that felt like a setback at the time but also became crucibles of learning and adaptation that actually made us far more capable when our skills were put to the test later on.

We're Forced to Become Experts

When we're broke, we can't afford to pay anyone to do anything. Plumbing breaks? We become a plumber. Car won't start? We become a mechanic. We just don't have a choice, so it forces us...

It’s hard to think of an innovation that has had a more transformative impact on the business landscape than the rise of crowdfunding.

Once upon a time, the only people who could bring new products to market were the ones who already had the capital and connections to make it happen. Now, thanks to crowdfunding, anyone with an idea and an Internet connection can mount the next big crowdfunding campaign – and the next must-have product can come from anywhere.

Crowdfunding is a great way to raise the funds you need to make your vision a reality. It can also be an awesome way to test a pricing strategy or validate demand for your product.

But crowdfunding campaigns aren’t (just) a fast track to capital or product validation. A successfu...

"I want to put $50 million in the bank by the time I'm so I can retire early and never have to work again!"

Ah, the common refrain and justification of every startup dreamer, from the Founder across to the earliest employee. If only we could put that magic pot of gold into our coffers, then we could do what we really want to do.

Except it begs the questions:

1. How much of what we really want to do can we already be doing?
2. Do we really not want to work or do we really just want to feel safe?
3. What the eff are we going to do at (whatever age) with nothing to do all day?

Time and time again when I query Founders, beyond the surface level stuff, about how hard they have thought through this lifetime goal that they are sacrificing everything for...