• Do Founders Deserve Their Profit?

  • Jul 29 2024
  • Length: 31 mins
  • Podcast

Do Founders Deserve Their Profit?

  • Summary

  • In this episode of the Startup Therapy Podcast, Ryan Rutan and Will Schroeder navigate the complexities founders face regarding success and societal scrutiny. They delve into the common critiques founders encounter about their profits and perceived entitlement while emphasizing that success should be celebrated not vilified. The conversation provides a detailed look at the multiple layers of taxation startups endure and the misconceptions surrounding founder wealth. They also highlight the emotional toll and risk involved in building a startup, offering insights into the importance of supporting founders and normalizing success.

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    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 to listen for:
    00:00 Introduction to the Startup Therapy Podcast
    00:46 The Stigma of Founders' Success
    04:47 The Burden of Taxes on Founders
    13:55 The Lack of Support During Failure
    16:06 Reflecting on College Days and Financial Struggles
    16:25 The Reality of Startup Life
    17:25 Deserving Success and the Guilt Complex
    18:50 Comparing Founders to Other Professions
    21:36 The Value of Innovation and Hard Work
    25:36 Addressing Income Inequality and Fairness
    28:42 Encouraging Charitable Giving and Community Support
    30:12 Join the Startups.com Community

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