{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Startup Therapy","title":"How Founders Blow Their Fortunes","html":"","width":"100%","height":180,"duration":2841,"description":"The critical do's and don’ts after a big financial win as a startup founder. They emphasize the importance of not oversharing about your wealth, shifting from an offensive to a defensive mindset, preserving your gains, and being cautious about new investments. They also explore how to handle the psychological and social challenges that come with newfound success, using real-life examples and practical advice to ensure you don't blow your hard-earned money.Resources:Startup Therapy Podcast https://www.startups.com/community/startup-therapyWebsitehttps://www.startups.com/beginLinkedIn https://www.linkedin.com/company/startups-co/Join our Network of Top Founders Wil Schroterhttps://www.linkedin.com/in/wilschroter/Ryan Rutanhttps://www.linkedin.com/in/ryan-rutan/What to listen for:00:52 The Myth of the Big Exit01:52 Emotional and Psychological Impact of Wealth02:58 The Speech: Congrats, Now Don't Mess It Up04:23 Financial Management for Newfound Wealth06:11 The Three Js of Wealth: Judgment, Jealousy, and Jockeying06:47 The Importance of Keeping Financial Information Private20:06 The Shift from Offense to Defense in Wealth Management22:24 The Founder Mentality Shift23:53 The Casino Analogy26:45 The Importance of Playing Defense30:18 The Danger of Proving Yourself Again36:33 The Save Point Strategy44:19 The Burn Rate Dilemma45:24 Conclusion: Preserving Your Wealth","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}