Since becoming the High Priest of Profit, the Reverend of Revenue, the Bishop of being in the black, I’ve opened myself up to a long line of founders making startup confessionals.
These confessionals seem to be accelerating of late and tend to share a similar tone:
I hired too fast. I overspent. I leased too much office space. I obsessed about growth. I spent money like the next round was inevitable. I pitched investors what I thought they wanted to fund, not what I really wanted to build. I did everything I thought a startup CEO was supposed to do.
I thought I was playing the game and the game played me.
And now, by the time they make it to me, they all seem to be singing from the same hymn book.
Out of cash and out of options the only path they see they can control is one that leads to profitability. For some, they take this as a sign of failure. That somehow they’ve missed their shot at living out every startup’s dream.