How Founders Get Rich Without An Exit

01/03/2021 35 min Episodio 91
How Founders Get Rich Without An Exit

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Episode Synopsis


In today’s Startup Therapy Podcast, Wil and Ryan talk about getting rich without selling your business. They discuss how getting too focused on getting rich causes missed opportunities, is selling your Startup necessary, the cash stacking effect, and spending money you haven’t earned yet. Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:https://www.startups.com/beginWhat to Listen For00:00 Intro00:09 Myth: Build big things to get rich03:55 You miss other avenues for growth when you’re too focused on getting rich05:31 The cash stacking effect11:44 Getting regular pay versus never getting paid while running a startup13:22 Planning to spend money you haven’t earned16:52 “Aim for the likelihood of the outcome, not the size.” - Ryan Rutan19:11 The broken idea of how to become rich23:07 When did you start to feel rich?28:26 Do you need to sell to get rich?29:19 If there isn’t a need to, don’t sell