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Althealth

WE NEED TO KEEP TALKING ABOUT FOUNDER MENTAL HEALTH

0 2 years ago

There are record amounts of capital going to companies in Canada. Fancy innovations in Web3 have created new and exciting opportunities. There is the excitement that decades of work and effort are finally resulting in widespread success for founders, their teams, and their investors.

The success is not evenly distributed. Early-stage funding is facing challenges, the cost of hyper-focus on your company comes at the expense of other human relationships, a two-year-long global pandemic has made real human connection harder, and all of us face uncertainty regarding things that we didn’t probably worry about before.

An important message for every founder is that building a company is really hard with a huge element of luck at play. It is normal to find it scary and difficult along with having uncertainty dominate your day. There are no pots of money being thrown around (especially for early-stage companies) and nothing is as simple as tech reporters and savvy comms people make it sound.

People are not OK. Founders are really not OK. We need to talk about it.

Recently, a highly-successful founder pinged a group chat asking if anyone knew another very successful founder and if anyone could check in on them. It was one of a few recent comments in different group chats where people were sharing concern for other founders that have ‘gone dark’ or ‘texting weird messages.’

This opened the door to more stories shared of people that are withdrawn, sad, and/or generally frustrated. Not the ‘typical’ stress of, “is my company going to make payroll?’ but this other stress that is really hard to see because founders are embarrassed to admit it or think it will hurt their chances at long-term success.

Dan, a founder in Toronto, shared an important insight on the StartupNorth Facebook group:


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