Sitemaps
Are We Growing or Just Getting Fat?
Let's Get Back to Our Why
Does Startup Success Validate Us Personally?
How We Secretly Lose Control of Our Startups
Should Kids Follow in Our Founder Footsteps?
The Evolution of Entry Level Workers
Assume Everyone Will Leave in Year One
Stop Listening to Investors
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"?
The 5 Types of Startup Funding
What Is Startup Funding?
Do Founders Deserve Their Profit?
Michelle Glauser on Diversity and Inclusion
The Utter STUPIDITY of "Risking it All"
Committees Are Where Progress Goes to Die
More Money (Really Means) More Problems
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"
Do People Really Want Me to Succeed?
Is the Problem the Player or the Coach?
Will Investors Bail Me Out?
The Value of Actually Getting Paid
Why do Founders Suck at Asking for Help?
Wait a Minute before Giving Away Equity
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
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
Never Share Your Net Worth
A Steady Hand in the Middle of the Storm
Risk it All vs Steady Paycheck
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Why Having Zero Experience is a Huge Asset
My Competitor Got Funded — Am I Screwed?
The Hidden Treasure of Failed Startups
If It Makes Money, It Makes Sense
Why do VCs Keep Giving Failed Founders Money?
$10K Per Month isn't Just Revenue — It's Life Support
The Ridiculous Spectrum of Investor Feedback
Startup CEOs Aren't Really CEOs
Series A, B, C, D, and E Funding: How It Works
Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
When to Raise Funds
Why Aren't Investors Responding to Me?
Should I Regret Not Raising Capital?
Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
How Much to Pay Yourself
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
Product Users, Not Ideas, Will Determine Your Startup’s Fate
Drop Your Free Tier
Your Advisors Are Probably Wrong
Growth Isn't Always Good
How to Shut Down Gracefully
How Does My Startup Get Acquired?
Can Entrepreneurship Be Taught?
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Investors are NOT on Our Side of the Table
Who am I Really Competing Against?
Why Can't Founders Replace Themselves?
Actually, We Have Plenty of Time
Quitting vs Letting Go
How Startups Actually Get Bought
What if I'm Building the Wrong Product?
Are Founders Driven by Fear or Greed?
Why I'm Either Working or Feeling Guilty
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
Is Quiet Quitting a Problem at Startup Companies?
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?
What If my plan for retirement is "never retire"?
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
Why Do We Still Have Full-Time Employees?

Even in Failure, Founders Deserve True Respect

Wil Schroter

Even in Failure, Founders Deserve True Respect

From time to time I find myself working with a Founder who's in the unfortunate position of having to shut down a startup. It happens way more often than people realize, yet each and every time it leaves the Founder very alone, wondering what the hell they just put themselves through.

They feel dejected. They feel ashamed. They run countless "what if" scenarios that consider what the startup would have been like if they had chosen a different path. In the end, they just regress further and further into a position of failure and all the shitty emotions that come with it.

I only know this because I've done it — it sucks — and I don't wish that soul-crushing epilogue on anyone. What I have learned, however, is that from that pile of rubble there is not only some hard-fought lessons to be learned, but a sense of true pride that should not be overlooked.

No One Else Even Took a Swing

It takes a hell of a lot to step up to the plate as a Founder, risk everything and take a swing. What we don't really comprehend when we're stepping up to the plate is that everyone else we know is in the stands. They are the fans, watching from afar — they aren't stepping up. They aren't willing to take on the risk like we are.

When we strike out, we feel the collective disappointment from all of those fans. We think about how we fell short of their expectations, and it's often impossible to not feel a sense of shame for that outcome.

What we don't contemplate, and what's most important, is that we were the ones who had the balls to step up to the plate and take a swing — not them. It doesn't matter how they feel because anyone can sit in the stands and watch from a distance — the true players suit up and get in the game. We shouldn't think twice about anyone who's never even taken a swing.

The True Players Don't Judge

When I see a fellow Founder take a swing and miss, I don't pass judgment — and neither do other Founders. We don't pass judgment because we know exactly what it's like to take that swing. We've missed so many times ourselves that it would not only be brutally hypocritical to cast judgment, it'd simply remind us of all the painful stuff we've gone through ourselves.

All of us had to separate ourselves from the people around us, the doubters, the haters, to even take a shot at this thing. We have so much collective respect for anyone that would join this insane journey that when one of us misses, we don't think about the miss, we think about the Founder.

We don't care about their miss — we think about how to get them back in the game. We think about how to strengthen and embolden that lesson to use it as ammunition for the next go around. We look for ways to speed up their path to recovery, and more so, to get them re-focused on doing it again.

Respect Comes From Playing, Not Just Winning

When we look around, there are so few of us who are willing to step up and single-handedly shape the world, to bend it to our will. Everything that exists in this world started with a Founder who was willing to break from the pack. Often those attempts fall short more of than they work until eventually, we get it right. But we don't stop — we reload.

You may be in this place as a startup yourself, and if you are, let me end with this:

This isn't your last startup. This is your last lesson for your next startup. You've already proven you have what it takes to be in this game — now step up again, and again, until you can also show you have what it takes to win. And as you do, know that you have the most powerful teammates in the world by your side — your fellow Founders — starting with me. Now let's get back out there.

In Case You Missed It

Why Can't I Be Happy Where I Am? (podcast) Why is it that as Founders, we feel like we must constantly be chasing something - otherwise we don't feel satisfied? Listen in to find peace within Startup chaos!

How I Harness My Insane Startup Anxiety. There are two types of Founders: those that admit they are wracked with anxiety, and those that are lying about it. We’re all going to deal with it for the rest of our lives — so why not use it as a superpower, instead of reacting like it’s kryptonite?

Who's Qualified To Be A Founder? It turns out; anyone can become a Founder. Having the idea and vision for your Startup is easy, but building a business out of nothing, dealing with potential issues and challenges, and getting started aren’t as easy.

Find this article helpful?

This is just a small sample! Register to unlock our in-depth courses, hundreds of video courses, and a library of playbooks and articles to grow your startup fast. Let us Let us show you!

Login with Google

Submission confirms agreement to our Terms of Service and Privacy Policy.

Already a member? Login

Ryan Rutan

In case you'd prefer to listen - Wil and I podcast about this here: https://www.startups.com/community/startup-therapy/episode/103

Reply3 years ago

Ok, I think I'm just going to lay on the floor and cry. No one understands until you go through it, and though thankfully I had an exit that left me alive and with potential, it wasn't (so far) what I or the investors were thinking about as we drank the kool-aid for so many years. Thank you for this article, you ARE my therapist! :)

1 Replies

Start a Membership to join the discussion.

Already a member? Login

Create Free Account