{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Startup Therapy","title":"It's really HARD to REPEAT A WIN","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/326ed39e\"></iframe>","width":"100%","height":180,"duration":1885,"description":"Will and Ryan discuss the dangerous mindset founders can fall into after hitting it big with their startups. They reflect on the story of Peter Chesky, co-founder of Wish, who became a billionaire during the tech IPO boom of early 2021 but saw his net worth plummet as the company's stock tanked. The episode emphasizes the importance of treating any major payout as if it's the last one you'll ever receive. With only a small percentage of startups ever having significant exits, and even fewer doing it repeatedly, Ryan and Will stress why founders should be cautious with their newfound wealth instead of assuming it will keep flowing.\nSign up for the Startups Newsletter\nhttps://www.startups.com/newsletter\nResources:\nStartup Therapy Podcast \nhttps://www.startups.com/community/startup-therapy\nWebsite\nhttps://www.startups.com/begin\nLinkedIn \nhttps://www.linkedin.com/company/startups-co/\nJoin our Network of Top Founders \nWil Schroter\nhttps://www.linkedin.com/in/wilschroter/\nRyan Rutan\nhttps://www.linkedin.com/in/ryan-rutan/\nWhat to listen for:\n01:01 The Rise and Fall of Wish\n03:01 Lessons from the Wish IPO\n05:15 The Psychology of Founders\n11:52 A Counter Story: Priceline's IPO\n15:13 Reflecting on High School Memories\n15:37 The Illusion of Endless Wealth\n15:51 The Reality of Financial Downturns\n19:09 Understanding Venture Capital Statistics\n21:28 The Rarity of Repeat Success\n24:18 Advice for Founders: Secure Your Wins\n28:11 The Importance of Financial Safety\n30:39 Final Thoughts: Keep the Win","thumbnail_url":"https://img.transistorcdn.com/9y9tyZ-ziui558cT6TMlYq3DaFTS8yyOuY7HekWBCbM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzYzOTYvMTU3NjI4/MDk2MS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}