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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?
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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
Why Do We Still Have Full-Time Employees?
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
Once a Founder, Always a Founder
Big Starts Breed False Victories

How Many Deaths Can a Startup Survive?

Wil Schroter

How Many Deaths Can a Startup Survive?

Every good startup dies a thousand deaths before it ever lives.

We don't like to believe that because it sounds awful. Who would get excited about doing anything that sounded like it was going to die a bunch of times? Yet death — in the form of setbacks, restarts, and in some cases implosions — is kind of what we do for a living as Founders.

Pretending like we're going to get through this whole thing unscathed is like picking up a video game on the hardest setting and thinking we're going to beat the entire game without ever losing a life. It just doesn't work that way.

So just like our blinking Super Mario coming back to life for the 1,000th time, we've got to learn how to play through the whole game while pretty much expecting to lose a few lives along the way.

We Die Quite a Few Deaths

There are so many instances of death in a startup we almost have a hard time telling them apart after a while. The first few deaths we ignored altogether, like when we built a product, got it out there, and absolutely no one wanted it. We died a "product death" that day, but there was no funeral held.

Later we missed a funding round, and our once-full coffers that held checks with lots of zeros behind them were left with only the zeros. We pitched everyone that would listen, and yet no one heard us. We died a funding death that quarter, and those that mourned loudest were the original angel investors.

When the money ran out, so did our ability to keep our staff. As hard as it was to recruit everyone to our glorious vision, it was #%$&@! heartbreaking to have to push all of them out of the very doors we worked so hard to open. We died a "layoff death" that year, and the eulogy was given at the unemployment office.

Sometimes We Don't Even Know We're Dead!

There's a point, well, really a few points, where we're actually the Walking Dead. Not just because we're pale, malnourished, and quickly decaying — that's just life as a Founder. It's because our startup is actually dead — we just don't know it.

It's when we've run out of money, but we keep showing up every day thinking that just one customer will change the game for us. Or we're soooo close to closing that funding round, it just seems that one investor keeps forgetting to call us back (note: no investor who wants to invest "forgets" to invest.)

In those moments, we're actually dead. We're out of time, out of money, and out of the pixie dust that we once used to create something out of nothing. But there's just one problem - we're a bunch of hard-headed idiots that refuse to lie down and die! So we keep at it, ignoring every tangible sign of our non-existence, using sheer will to keep our startup hearts pumping.

Death is Constant in Giving a Startup Life

You see, for us to build something great, something that we breathe life into out of nothing, we have to embrace the million little deaths that happen along the way. Sure, we all try to avoid them, and yes, we'll all have to endure plenty of them, no matter how smart we think we are.

Ideally, none of this would be true, and we'd just get every bet right the first time, our charts would always point "up and to the right," and costs would be just something we fundraise for. But that's not how any of this works — ever.

Our journey is a constant battle of withstanding death long enough to give our startups life. Therefore instead of thinking of every death as "the end," we need to call it what it is — part of the journey itself.

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.

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

Many Startups Shut Down a Few Times Before Succeeding Most startups are not overnight successes. In fact, many of them have to shut down (sometimes more than once) to build back up to the success they eventually achieve.

Benny Bernald

Stay calm, focus on conserving energy, and keep looking for a way to get to safety.

Replya year ago

Kevin Natale

Well this hit home for me today, wish it didn't but you got any advice the moment you realize you are in the middle of the ocean without a life jacket?

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