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Why Most Founders Don't Get Rich
Manage episode 429011592 series 2690257
In this episode of the Startup Therapy Podcast, we discuss the common struggles of making money in the startup world. They explore the 'noble' but flawed narrative that founders shouldn't pay themselves, why aiming too big too soon can prevent profitability, and the cycle of raising funding that often leaves founders broke.
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
Startup Therapy Podcast
https://www.startups.com/community/startup-therapy
Website
https://www.startups.com/begin
LinkedIn
https://www.linkedin.com/company/startups-co/
Join our Network of Top Founders
Wil Schroter
https://www.linkedin.com/in/wilschroter/
Ryan Rutan
https://www.linkedin.com/in/ryan-rutan/
What to Listen For
00:00 Introduction to Startup Therapy
00:23 The Broken Narrative of Not Getting Paid
02:35 Self-Sabotage and Going Too Big
04:08 The Funding Trap
05:41 The Harsh Realities of Raising Money
12:07 The Never-Ending Hunger of Startups
14:36 Reinvesting in Growth
15:06 The Reality of Increased Liabilities
15:59 The Fear of Taking Money Off the Table
17:00 The Importance of Paying Yourself
18:14 Balancing Profit Sharing and Salaries
19:07 The Misconception of Startup Growth
21:13 The Dangers of Not Taking Money Off the Table
26:09 Common Sense in Startup Land
27:08 Conclusion: Get Paid Now
272 odcinków
Manage episode 429011592 series 2690257
In this episode of the Startup Therapy Podcast, we discuss the common struggles of making money in the startup world. They explore the 'noble' but flawed narrative that founders shouldn't pay themselves, why aiming too big too soon can prevent profitability, and the cycle of raising funding that often leaves founders broke.
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
Startup Therapy Podcast
https://www.startups.com/community/startup-therapy
Website
https://www.startups.com/begin
LinkedIn
https://www.linkedin.com/company/startups-co/
Join our Network of Top Founders
Wil Schroter
https://www.linkedin.com/in/wilschroter/
Ryan Rutan
https://www.linkedin.com/in/ryan-rutan/
What to Listen For
00:00 Introduction to Startup Therapy
00:23 The Broken Narrative of Not Getting Paid
02:35 Self-Sabotage and Going Too Big
04:08 The Funding Trap
05:41 The Harsh Realities of Raising Money
12:07 The Never-Ending Hunger of Startups
14:36 Reinvesting in Growth
15:06 The Reality of Increased Liabilities
15:59 The Fear of Taking Money Off the Table
17:00 The Importance of Paying Yourself
18:14 Balancing Profit Sharing and Salaries
19:07 The Misconception of Startup Growth
21:13 The Dangers of Not Taking Money Off the Table
26:09 Common Sense in Startup Land
27:08 Conclusion: Get Paid Now
272 odcinków
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