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The 5 Types of Startup Funding
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Committees Are Where Progress Goes to Die
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Investors will be Obsolete
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We Can't Grow by Saying "No"
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Wait a Minute before Giving Away Equity
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How to Recruit a Rockstar Advisor
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$10K Per Month isn't Just Revenue — It's Life Support
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Startup CEOs Aren't Really CEOs
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Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
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Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
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Heat-Seeking Missile: WePay’s Journey to Product-Market Fit — Interview with Rich Aberman, Co-Founder of Wepay
The R&D technique for startups: Rip off & Duplicate
Why Some Startups Win.
Chapter #1: First Steps To Validate Your Business Idea
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Your Advisors Are Probably Wrong
Growth Isn't Always Good
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Investors are NOT on Our Side of the Table
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Actually, We Have Plenty of Time
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How Startups Actually Get Bought
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Startup Financial Assumptions
Why Every Kid Should be a Startup Founder
We Only Have to be Right Once
If a Startup Sinks, Founders Go Down With it
Founder Success: We Need a Strict Definition of Personal Success
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Founder Exits are Hard Work and Good Fortune, Not "Good Luck"
Finalizing Startup Projections
All Founders are Beloved In Good Times
Our Startup Culture of Entitlement
The Bullshit Case for Raising Capital
How do We Manage Our Founder Flaws?
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Startup Failure is just One Chapter in Founder Life
6 Similarities between Startup Founders and Pro Athletes
All Founders Make Bad Decisions — and That's OK
Startup Board Negotiations: How do I tell the board I need a new deal?
Founder Sacrifice — At What Point Have I Gone Too Far?
Youth Entrepreneurship: Can Middle Schoolers be Founders?
Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
How Should I Share My Wealth with Family?
How Many Deaths Can a Startup Survive?
This is Probably Your Last Success
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The Case Against Full Transparency
Should I Feel Guilty for Failing?
Always Take Money off the Table
Founder Impostor Syndrome Never Goes Away
When is Founder Ego Too Much?
The Invention of the 20-Something-Year-Old Founder

Let's Define Success By What We Don't Have To Do Anymore

Wil Schroter

Let's Define Success By What We Don't Have To Do Anymore

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, "No, I'm not going to work another hour until I get a vacation!" (Bam, I'm on vacay!)

Once we start applying "no" to all the stuff we really dread, it's shocking how incredibly powerful this can be. I said "no" to missing time with my family (we all stop working at 6 PM sharp). I said "no" to having to commute to work every day (now 200+ people work remotely). I said "no" to answering to anyone (we bootstrapped, not hard to figure out why).

Saying "No" is Freedom

For a long time I don't think I realized I could say no. I was so focused on what I was building toward - my amorphous vision of future freedoms — it didn't occur to me that my freedom was right in front of me. More importantly, I didn't realize that "no" was what led to freedom.

I kept thinking of freedom simply as something I had to run toward, not something I had to consciously avoid to get it.

Sticking to Commitments is the Hard Part

It's easy to make these commitments — it's really hard to stand behind them. That moment when some obnoxious investor is dangling a check that feels like it could change the trajectory of our business — do we say, "no?” Because that's exactly the moment that all of this matters.

We hit so many roadblocks on the path of building Startups.com that challenged our commitments, and many of them slowed us down or created more anxiety.

But the payoff — never having to do shit we don't want to do — is worth its weight in gold.

In Case You Missed It

How Do I Design My Startup Around My Life? There’s very little preventing us from designing our startups around our life goals. It starts with us being very clear about what we want to achieve and then taking clear, small steps toward those outcomes.

7 Habits Of Highly Successful Entrepreneurs From ice cream powerhouses to e-commerce pros, here are some traits from great founders that I’ve observed and tried to emulate throughout my 20-year career as an entrepreneur.

How Much Should I Be Working? (podcast) While there's truth to the assumption that more hours equal more growth, we'll explore how it benefits to think quality and not quantity when it comes to your weekly punch card.

Herman Barnes

great

Reply4 years ago

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