Founder Confessions
@FoundersReveal
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Good, bad, ugly, and anonymous stories about scaling a business. Share your stories anonymously here. 👇
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if your vc dresses like this, you're about lose your company and possibly get indicted
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Founders pivoting from consumer social to web3 to ai with no customers
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"It's simple. We invest in early-stage technology companies and no one knows if we're good at it until ten years out. By then, we'll be multimillionaires off the management fees"
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me: oh bitcoin is on another bull run? well maybe I can check out crypto again
me, three days later:
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TIL that steve harvey has a venture fund and his portfolio is.... pretty solid.
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VC thought leaders tweeting contrarian opinions that will be repeated by every twenty-something in sf
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Asking web3 cos how they're supposed to make money
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@bnj
Finding someone interested in polyamory in the AI scene is like finding forks in a kitchen
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wantreprenuers will spend 8+ hours on twitter and become convinced there are only two types of entrepreneurship.
listen to me: there is no "right" path.
log off twitter and build something people want.
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"hey didn't you guys invest in FTX? Has the SEC ever contacte-"
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no one:
nobody:
not a single soul:
every startup landing page since 2021:
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VCs: We're in the trenches with you!
The trenches:
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VCs in bear markets: This is the season of austerity. No more crazy spending or ZIRP nonsense. Just pure pragmatic business.
Those same VCs three years ago:
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Shout out to all the founders building in f̶i̶n̶t̶e̶c̶h̶ D̶T̶C̶ w̶e̶b̶3̶ gen AI! Good luck raising your next round!
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The acquisition number in the headline vs how much the founders actually got
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VCs: We're cheering you on from the sidelines!
The sidelines:
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your cap table after taking investment from a local angel group
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me and the wife watching the social network, super pumped, the founder, steve jobs (2013, the bad one), steve jobs (2015, the good one), pirates of silicon valley, silicon valley, etc etc
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If you ever feel like you are at your wits end on fundraising and just want to give up, remember that after getting rejected for an investment, the founder of FedEx, Fred Smith, took the company's last $5,000 dollars, went to Vegas, won $27,000 in blackjack, and stayed afloat to
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"there's our little startup founder. Come down stairs and tell us more about your app!"
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Everyone pour one out for this guy.
Any advice for someone in this situation?
(no it's not me)
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If you’ve ever had AWS induced anxiety, please hit the link in our bio with your best founder confessions.
Always anonymous, always founder friendly.
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a16z associate talking with a Kleiner Perkins associate
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I don't know about y'all, but you'll never find me betting against a bootstrapped founder.
They've just got too much grit.
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Here's an anonymous confession that was shared with us.
Anyone have any other experiences of turning big losses into huge wins?
If you want to share your story, hit the link in our bio!
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By nature, humans are pattern matching creatures.
We notice traits and keep them locked away.
With that in mind, here are green flags that I've noticed in great founders.
🧶
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If you ever feel bad about your company's marketing efforts, understand that Ford's CEO (yes *that* Ford) regularly posts a podcast that gets an average of a couple hundred views
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VC that started in IB vs entrepreneur that started from hustling facing off in a pitch meeting circa 2024
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if your startup writes job descriptions like this your investors have already come to terms with the fact they aren't getting a return on their capital.
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(Hit the link in our bio to submit your founder confessions)
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stanford freshman after raising a $5M pre-seed round for their pre-rev/pre-product company
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We posted this confession earlier this week but it broaches a very important topic.
There are 2 schools of thought when it comes to product development.
Picking the right one is the difference between life and death for your business 🧵
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thinking about this video now and there's probably only a handful of people on earth who could flex on Zuck.
Dude saw his chance and took it.
Props.
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The best advice I’ve ever received from another founder is that “sales solves all problems”
If you focus on sales, all other issues work themselves out.
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Too often I talk to young founders and they're making the same mistakes I made.
That's why I put together these 20 pieces of advice I wish someone had told me before I started my first startup.
Let's roll 🧶
1. As cliche as it sounds, smooth and steady wins the race.
2.
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VCs: "Yea, we're investing in hardware and deeptech now"
Their search history:
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Every so often I'll be washing the dishes or something and I'll think about how Travis Kalanick, while he was the CEO of the world's hottest startup, was also
#2
in the world on Wii Tennis.
How?
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Finally finished watching WeCrashed
They could never make me hate you Adam
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From the link in our bio.
I agree with this 100%
"Coffee chats" are a scourge on the startup ecosystem.
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You're not "non technical" or a generalist, you're only 24.
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i hate the term "operator"
Bro you're merging excel spreadsheets, not kicking in doors in Ramadi
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no one:
nobody:
not a single soul:
HackerNews commenter: Well, in my expert opinion acquired through years of armchair analysis and caffeine-fueled criticism, I could have built a better version of this product while blindfolded
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Here's another confessional from our bio.
Fail fast.
You'll save yourself money and, more importantly, TIME.
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If your startup has made less than Scrub Daddy, your product doesn't need a dark mode.
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I promise you from the deepest reaches of my heart that you don't need to raise money for your CRM for landscapers.
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As a founder, your biggest edge against the competition is your ability to offer white glove customer service to every customer.
Do this until you can't anymore.
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I call myself a founder and not a CEO because to start something is a totally unique skill set.
You can be promoted to CEO, but to be a founder you have to go through fire.
(also I don’t call myself an entrayprenoor because I never learned how to spell it)
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@boi_doingthings
There was a statistic that said "40% of VC dollars go to Facebook and Google ads"
I don't know if that's true but would like to hear the numbers behind AWS's pull
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Most startups die by suicide, not murder.
Don't worry about your competitors. Learn from them...and..
Just keep building.
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VCs will have setup like this just to open email and read pdf pitchdecks
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Your advantage as a startup is being able to change direction quickly.
If Fortune 500s are aircraft carriers, your company is a cigarette boat.
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VCs if tweeting and calling it "thought leadership" was a competition
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Remember, the space in between the idea and the product is filled with magic.
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.
Yeah man blovo the ChatGPT for animals. Blovo the ChatGPT for animals. The chatdvd for air malls. The chart blimp for blamp blomp
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Never let your friends telling you “that’s been done before” get you down.
There’s a reason no one drives Model T's anymore
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@TrungTPhan
Me getting ready for my 9-5 while there’s a guy out there that made 300M on cloth pouches for phones
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If this Walmart manager is making more than your startup's revenue, get off twitter and go talk to your customers.
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Nothing makes a founder’s heart race more than their best employee texting them “Hey” and nothing else.
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bootstrapped founders being asked "why won't google build this?" by junior VCs
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Some founders start a company to buy a yacht.
Others start a company to buy dinosaurs.
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Investor: Thanks for joining us. To start, give us a quick rundown of your business and what problem you're solving
Me:
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Great founders don't care about "mental models" or pomodoro techniques.
They just care about getting the work done.
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We're getting rid of the problem->solution->tam->team pitch deck format.
Here's what investors really want to see ⬇️
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How it feels when a startup lands a fortune 500 customer
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