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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
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The Utter STUPIDITY of "Risking it All"
Committees Are Where Progress Goes to Die
More Money (Really Means) More Problems
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Investors will be Obsolete
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We Can't Grow by Saying "No"
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The Value of Actually Getting Paid
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This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
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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?
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The Ridiculous Spectrum of Investor Feedback
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Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
When to Raise Funds
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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
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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
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Can Entrepreneurship Be Taught?
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Staying Small While Going Big
Investors are NOT on Our Side of the Table
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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
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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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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?
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Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
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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

When Our Startup Works For Everyone But Us

Wil Schroter

When Our Startup Works For Everyone But Us

One day we wake up and realize our startup is working great for everyone but us — the Founders.

What the hell happened? We started out with big dreams of building our dream job, creating true financial independence, and just being able to do whatever we wanted on our own terms. That sounded great, right?

Yet here were are, spending our days at everyone else's behest. Our days and schedules are driven by the needs of staff, customers, and investors, all of whom mean well, but have essentially put our own goals and needs well into the back seat, and in some cases, forgotten about altogether.

When was the last time we got paid first (or at all)? Or took a vacation without being pulled away 100x by everyone else's needs? Or spent our day the way we wanted to, not how someone else needed us to?

We zoom out and realize that this amazing creation we built from nothing has been awesome for everyone — except us. How did we get here?


We Mortgaged Our Goals

The thing is, this didn't get away from us in a single move. It wasn't just because we took on investors or made a single customer commitment. It was all of those decisions. Each time we chased after that next big goal, we lost sight of our own original goals in the process — and we mortgaged them in the name of our startup's progress.

It's easy to see the upside, we just don't do a great job of truly considering the "loss." When we took on investment we thought "OK great, we'll be able to grow the team!" but we didn't think "Wait if we have to answer to investors I'm going to have a new boss that will indirectly prevent me from doing everything the way I want to do it."

We didn't build a startup to satisfy investors. But that's now the business we're in. Their needs now trump our needs, and along the way, our goals got set aside.

We got Used to Putting Ourselves Last

Of course, the sacrifices didn't end there. We needed to scale up, so we used what little money we had to bring on some new staff. That meant we were going to have to cut back our own pay, or in some cases, continue taking no salary at all (the fallacy of all Founders). It's not that we stopped paying ourselves, it's that we begun to get used to putting ourselves last. In many cases, we used it as a badge of honor.

Once we started down this path, especially when we became proud of the sacrifice, what we unconsciously did was start allowing ourselves to be put at the back of the line. In fact, we created such a powerful behavior that not only did we feel most comfortable being put at the back of the line, we actually felt guilty when we put ourselves in any other position.

We felt guilty when we took time off. We felt guilty when we increased our salary. We felt guilty when our stock was worth more than someone else's. We convinced ourselves so readily that we were last, that we sentenced ourselves to being last.

We Allowed Everyone Else To Be OK With It

Not only did we convince ourselves that we deserved to be at the back of the line, we convinced everyone else that's where we belonged. We didn't do this intentionally, nor was it their fault. But every time we stopped putting ourselves first, we voted ourselves to be last, and no one complained.

Our investors never emailed us to say "Hey, you know, your salary is well below market even though everyone else is getting paid market wages to remain competitive." Our staff never said, "Hey, I've noticed you haven't taken a vacation in the past 2 years, you should really take time off." They just assumed that's the way things are because we set that assumption implicitly.

All of these little steps put us where we are. But here's the thing — it's reversible. The same power we used to put ourselves to the back of the line can be used to change position. The first step is recognizing that our initial goals and intentions weren’t to build something wonderful that would control our lives, but to empower them.

We need to revisit those goals. We need to remind ourselves why we built this thing and what we wanted it to accomplish. Then, we need to step up and make a non-stop concerted effort to put those goals at the forefront of every decision, breaking instantiated behaviors and expectations that have made us a slave to our own creation.

We built this. it's ours. It works for us. Not the other way around.

In Case You Missed It

How Do I Leave My Startup Stress At Work? While startup stress might not ever diminish completely, how we manage it can help us navigate balance in our lives as Founders.

The Emotional Cost of Being a Startup Founder. (podcast) Wil and Ryan discuss how to start having a more open conversation about what it really costs to be a startup Founder.

Start Faster by Starting Smaller. Building a startup is a game of tiny wins over and over and over. The big wins come as a result of the micro victories. The key is how you pick your battles.

Christopher Dundy

This is so on-point and I really appreciate it when someone with your background puts up a post like this. It's helpful to know that these feelings are common to many (most?) founders rather than just an indicator that I'm the one person in the world that screwed something up.

Reply3 years ago

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