This post is by Jason Lemkin from SaaStr
Click here to view on the original site: Original Post
Being unwilling to fail. Personally, I never thought I was good enough to be a founder. I never thought I could do it myself. I was pretty happy to be the right hand to a few great founders. I was good at it. That was pretty great as it was. Then, I joined a start-up that had just raised $50m+ and had $30m+ in customer contracts. Or so I thought. Within 30 days of joining, the term sheet was pulled. And it turned out, all the customer contracts were just drafts. And were canceled. From $50m in funding + $30m in revenue to $0 in funding and $0 in revenue in my first 60 days on the job. Well, what could we do? First, I helped the CEO raise another $30m. That wasn’t easy, let me tell you. But it helped him live to fight another day. And ultimately, IPO.