The Bootstrapped Founder

84: Impostor Syndrome and Building Capital

May 14, 2021
Explore the relatable struggle of impostor syndrome through personal stories, highlighting the power of vulnerability in building genuine connections. Discover how life experiences can shape entrepreneurial success, like a South Sudanese refugee's inspiring video game venture. The discussion emphasizes moving from transactional to relational business approaches, especially with subscription models that prioritize trust. Finally, gain insights into launching an info product, underscoring the importance of community engagement and trust in cultivating long-term customer relationships.
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INSIGHT

Imposter Feelings Are Normal

  • Imposter feelings are common because our brain protects us from unknown risks of putting ourselves out there.
  • Embrace the fear, invite it in, then act despite it to keep creating in public.
ADVICE

Invite Fear, Then Ignore It

  • When fear shows up, acknowledge it and then ignore it to keep moving forward.
  • Choose to work in public because courage builds visibility and community over silence.
INSIGHT

Build Capital By Being Vulnerable

  • Building in public accumulates non-obvious capital: trust, attention, and community.
  • Even failures and vulnerability create long-term value because others follow your learning journey.
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