Where were you when I was broke?

Where were you when I was broke?

Ever notice how people show up loudest after you’ve already won? This episode digs into why founders often get the least support when the risk is highest—and the most opinions once success is “de-risked.” Will shares early moments of having virtually no safety net (including starting with $19, dropping out, and getting doubted), contrasted with the few timely “bricks” that actually changed his trajectory—like a risky $10K loan and a friend’s family offering a place to stay for the holidays. They unpack how funding wins, press, and exits attract late-arriving fans, opportunists, and advice that can derail post-success decisions, and why founders should take inventory of who truly showed up when things looked impossible—and be that kind of support for other founders. 00:39 Elon Money Opinions 02:55 Guidance Counselor Doubt 04:13 Early Support Matters 05:44 Nineteen Dollars Start 06:53 Ten Thousand Loan 09:55 Wide Angle Victory 10:38 Doubt Chokes Founders 11:38 Young Founder Respect 14:59 I Told You So Bias 18:49 Funding Round Whiplash 20:20 Recruiters Disappear 21:30 Success Rewrites History 23:03 Sam Altman Backlash 25:40 Founders After Success 28:32 Timing Is Support 32:00 Must Be Nice Myth 35:56 Bricks in Foundation Resources: Startup Therapy Podcast https://www.startups.com/community/startup-therapy Website https://www.startups.com/begin LinkedIn https://www.linkedin.com/company/startups-co/ Join our Network of Top Founders Wil Schroter https://www.linkedin.com/in/wilschroter/ Ryan Rutan https://www.linkedin.com/in/ryan-rutan/

What if I'm the Best, but don't know it?

What if building a company is the fastest way to find out what you’re actually capable of? This episode explores how startups don’t just get built by founders—startups build founders by forcing them into new roles like finance, sales, marketing, design, legal, and leadership, often before they feel ready. Will shares how real stakes (like cash flow and payroll) turned “I’m bad at math” into practical financial skill, and why getting to ~80% proficiency across key areas creates leverage, better decision-making, and protection against getting bullshitted. The conversation digs into how exposure and environment unlock hidden potential (from Lars Ulrich’s story to personal career turning points), why most “I can’t” is really “I haven’t,” and how repeated reps, feedback, and humility turn competence into confidence—plus a cautionary backup-dancer story about confidence without practice. What to listen for: 02:10 Creating Your Own Role 03:59 From Math Failure to Finance 07:04 Asking Dumb Money Questions 09:35 Become What Company Needs 10:47 The 80 Percent Rule 11:42 Agency Skills Stack 15:12 Cross Skill Superpowers 16:44 No One Can Bullshit You 19:05 AI as Private Tutor 20:13 Exposure Creates Greatness 27:03 Defining Moments Reframed 29:18 Dad Versus Computers 32:48 Reinventing Your Identity 39:26 Founder Reinvention Loop 42:27 Craftsmanship And Parenting 45:36 Dance Off Reality Check 52:28 What If And Keep Moving Resources: Startup Therapy Podcast https://www.startups.com/community/startup-therapy Website https://www.startups.com/begin LinkedIn https://www.linkedin.com/company/startups-co/ Join our Network of Top Founders Wil Schroter https://www.linkedin.com/in/wilschroter/ Ryan Rutan https://www.linkedin.com/in/ryan-rutan/

Founders Don't Retire

What if “retirement” for founders isn’t about stopping work, but finally getting relief? The conversation unpacks why builders rarely stop building: founders are wired to create, not to consume, and the fantasy of beach life usually shows up at a low-energy point when what’s really needed is recovery. They compare founder burnout to wanting the finish line without running the race, and note how exits often lead from “margaritas” to “domain names” within months because the calling returns once the nervous system resets. The key reframe: separate a recovery plan from a retirement plan, and define “retirement” as creating on your own terms—less panic, fewer hated parts (like investor pressure or endless hours), more control, and a sustainable way to keep doing the work you love. What to listen for: 00:49 Builder DNA and Relief 00:57 Carpenter Story and Pain 03:06 Four Minute Founder Brain 04:31 Broken Retirement Dream 05:13 Reload and Retire Again 06:31 Beach Metaphor Explained 09:58 Athletes vs Founder Longevity 12:00 Vacation Checklist Trap 15:35 No Substitute for Mission 17:29 Finish Line Fantasy 18:45 Recovery Not Retirement 20:35 Builders Need Purpose 25:14 Retired But Uncharged 27:00 Creation Over Consumption 30:16 Retirement On Your Terms 32:26 Design Better Circuits Resources: Startup Therapy Podcast https://www.startups.com/community/startup-therapy Website https://www.startups.com/begin LinkedIn https://www.linkedin.com/company/startups-co/ Join our Network of Top Founders Wil Schroter https://www.linkedin.com/in/wilschroter/ Ryan Rutan https://www.linkedin.com/in/ryan-rutan/

The Right Time to Start is Right Now

Ever feel like you’re “almost ready” to launch—just one more feature, plan, or credential away? This episode argues that “ready” isn’t a prerequisite for startups; it’s the result of starting and getting real market feedback. Using examples like selling early software for $1,500, learning web building on the fly, a disastrous (but educational) client pitch moment, and even an impulsive scuba dive, the discussion shows why planning can become productive-looking theater when nothing is being tested. The real cost of waiting isn’t just lost time—it’s lost learning, missed customers, and negative compounding versus competitors who take action. Planning has value only when it directly leads to action, because failure and iteration are the mechanism that reveals what works. What to listen for: 01:14 Plans Meet Reality 02:00 Readiness Comes After 02:34 First Founder Breakthrough 07:41 Micro Center Origin Story 10:07 Cost of Waiting 11:14 Planning Versus Theater 12:23 Test With Customers 14:09 Ecommerce Pitch Fail 16:41 Whiteboard Versus Field 18:48 Learning By Building 19:35 Learn By Doing 20:05 Founder Skill Stack 20:45 Econ 101 Mindset Shift 22:45 Human Potential Unlocks 24:27 Momentum Beats Certainty 25:58 Plan To Learn Fast 30:26 Conditioned To Avoid Failure 34:34 Cost Of Waiting 35:50 Action Over Perfection 36:47 Stop Waiting Start Now Resources: Startup Therapy Podcast https://www.startups.com/community/startup-therapy Website https://www.startups.com/begin LinkedIn https://www.linkedin.com/company/startups-co/ Join our Network of Top Founders Wil Schroter https://www.linkedin.com/in/wilschroter/ Ryan Rutan https://www.linkedin.com/in/ryan-rutan/

The Most Expensive Equity Doesn't go to Investors

Why do founders fight over giving an investor 15% but hand out huge chunks to co-founders, employees, and advisors with far less certainty of return? The episode argues that investor dilution is often the cleanest trade because cash and terms are clear, while “everyone else pays in maybes and promises.” It warns that early-stage equity feels worthless but represents 100% of a company’s future value, so giving away 50% to a near-stranger can become a permanent cap table problem that also costs speed, optionality, and sanity. Practical fixes include vesting, cliffs, tying equity to real value creation, defining what happens if someone stops contributing, and putting breakup terms in writing early. The discussion also critiques employee equity as time-based rather than performance-based, and advisor equity as often unaccountable, where tiny percentages can hide very expensive outcomes. What to listen for: 00:00 Investor vs Founder Equity 01:26 Equity Is Priceless 03:43 Co-Founder Split Hangover 06:04 Why People Underperform 11:15 Fairness Turns To Resentment 12:44 Will's Unsubscribe Story 15:53 Vesting And Breakup Terms 18:17 Early Employees Option Pool 20:26 Equity As Compensation Trade 21:59 Paying Twice With Equity 22:14 Does Equity Change Effort 23:10 Lottery Ticket Reality 27:23 Equity Rewards Three Things 27:37 Advisor Equity Math 31:00 Reputation Versus Contribution 33:30 Network Intros Social Capital 35:56 Advice Has Shelf Life 40:24 Pricing Advisor Time 44:06 Treat Shares Like Cash Resources: Startup Therapy Podcast https://www.startups.com/community/startup-therapy Website https://www.startups.com/begin LinkedIn https://www.linkedin.com/company/startups-co/ Join our Network of Top Founders Wil Schroter https://www.linkedin.com/in/wilschroter/ Ryan Rutan https://www.linkedin.com/in/ryan-rutan/