Helpful perspective on founder transitions. The financial assessment and post-mortem focus connects to operational finance lessons. TCLM (Trade Credit & Liquidity Management) covers these dynamics - could be useful context for future ventures.
I read something years ago that said that before a founder has a big startup success, the median number of prior startup failures is: four. Some people are just wired differently (e.g., it took Adam Wexler 4 tries, not counting several pivots at SidePrize). Eternally optimistic? Can't handle being a corporate drone? Addicted to the roller-coaster ride that is a startup? Eternal chip on your shoulder? Gotta prove something to somebody?
Yes! It's the learnings and willingness to do it again and knowing you can't do anything else...this is the magical combination!! (And how you get a cool lawyer who "gets" the startup world 😉)
Helpful perspective on founder transitions. The financial assessment and post-mortem focus connects to operational finance lessons. TCLM (Trade Credit & Liquidity Management) covers these dynamics - could be useful context for future ventures.
(It’s free)- https://tradecredit.substack.com/
Thanks for sharing, Debarshi!
I read something years ago that said that before a founder has a big startup success, the median number of prior startup failures is: four. Some people are just wired differently (e.g., it took Adam Wexler 4 tries, not counting several pivots at SidePrize). Eternally optimistic? Can't handle being a corporate drone? Addicted to the roller-coaster ride that is a startup? Eternal chip on your shoulder? Gotta prove something to somebody?
Yes! It's the learnings and willingness to do it again and knowing you can't do anything else...this is the magical combination!! (And how you get a cool lawyer who "gets" the startup world 😉)