It’s Lonely to Be a Practical Founder of a Growing SaaS Business

by | Aug 18, 2022

Multiple practical founders this week have shared something with me that they don’t talk about a lot.

It’s lonely being a software startup founder.

  • Your family and neighbors don’t have a clue what you really do.
  • You can’t talk about your really hard issues or deeper questions with your employees.
  • Since you aren’t trying to raise big outside funding, you don’t spend time with potential investors to get feedback on your vision or tactical questions. And you’re not selling chunks of your company to buy their attention and advice.
  • You stopped going to local startup events with other founders and mentors because it was only about “How much are you raising?” and how to play the funding game.
  • You’re up to your eyeballs actually building product, selling and serving customers, managing and hiring people, and getting sh$t done, so you don’t get out much.
  • Other CEO groups are nice but they don’t get the SaaS game at all. You’re the only one in the room who knows what LTV and CAC mean. Or what your exit math should be.
  • You were better about connecting with founders and mentors before COVID locked us down. Haven’t gotten out much since things opened up.

Growing a company is always really hard.

And it’s harder to do without the support of trusted advisors who have played your specific game before.

It’s harder without being part of a trusted group of peers that are going through the same crazy hard stuff you are experiencing.

Founders with big funding can buy advice and support. They are also part of a club that hangs out to support each other.

There isn’t as much support for practical founders who aren’t spending their equity to buy serious help.

And there isn’t a useful club of practical founders who really get to know each other and support each other through their journeys.

I have heard these requests repeatedly from practical founders I have talked to in the last year.

I have run many connection events, mentor sessions, and several SaaS CEO peer groups. They are all very useful and helpful for founders, and I love doing them.

So…

I have several CEO peer groups and some expert connection events for practical founders.

If you’re one of these founders, anywhere in the world, who would like to connect with other practical founders like you regularly, I’d love to talk to you about what would be most useful to you.

Learn about my Practical Founders Peer Groups.

 

Greg Head posted this on LinkedIn on August 18, 2022.

Check out the comments and join the discussion on LinkedIn.

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