Role of founder is to inject risk

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The founder's role evolves from being crucial in the early stage to a point where the organization can function without them. This transition may make the founder feel detached from the creation and more involved in maintenance, facing challenges like internal politics and culture shifts. Despite the changes, the founder's essential role is to inject risk into the business, as unlike others who manage risks, the founder can take bold actions because they own the company.

Episode 593: Sam Parr ( https://twitter.com/theSamParr ) and Jason Fried ( https://x.com/jasonfried ) open up about personal finances, raising kids around wealth and dealing with risk.

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Show Notes:

(0:00) Sam and Jason play Would You Rather...

(5:15) Loosening the grip on the stick

(12:35) The pale blue dot

(14:03) Why does the businessworld deserve our best lessons?

(18:30) Early days vs. vs. middle days vs later days

(24:47) "A founder's job is to inject risk"

(29:36) “Cool wears off but useful never does”

(31:07) Striking balance with a business partner

(34:14) The value of talking about money

(37:28) Navigating luxury with kids

(40:08) Midwestern values on blast

(43:39) The truth about luck

(46:55) Staying up vs. staying off

(49:45) New insights from old biographies

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Links:

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• The Most Important Thing - https://tinyurl.com/9ym3xw5b

• Peter Lynch books - https://tinyurl.com/2nf87pzb

• The Pale Blue Dot - https://www.planetary.org/worlds/pale-blue-dot

• The Messy Middle = https://tinyurl.com/2paw5jmk

• Sam’s List - http://samslist.co/

• Newspapers.com - http://newpapers.com/

• Pessimists Archive - https://pessimistsarchive.org/

• Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

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Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano