Why Most Founders Don't Get Rich

In this episode of the Startup Therapy Podcast, we discuss the common struggles of making money in the startup world. They explore the 'noble' but flawed narrative that founders shouldn't pay themselves, why aiming too big too soon can prevent profitability, and the cycle of raising funding that often leaves founders broke.

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What to Listen For00:00 Introduction to Startup Therapy

00:23 The Broken Narrative of Not Getting Paid

02:35 Self-Sabotage and Going Too Big

04:08 The Funding Trap

05:41 The Harsh Realities of Raising Money

12:07 The Never-Ending Hunger of Startups

14:36 Reinvesting in Growth

15:06 The Reality of Increased Liabilities

15:59 The Fear of Taking Money Off the Table

17:00 The Importance of Paying Yourself

18:14 Balancing Profit Sharing and Salaries

19:07 The Misconception of Startup Growth

21:13 The Dangers of Not Taking Money Off the Table

26:09 Common Sense in Startup Land

27:08 Conclusion: Get Paid Now