“This is my previous company, SmartBear, and, ah, it was sold just last year to Frisco Partners for four hundred and fifty million dollars, that's awesome, except that I sold it to Insight Partners in 2007, so.”
quote is from the automated transcript, cleaned for reading:
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More from Jason Cohen
Insight
Cohen: Servant leadership leads founders to do scut work and burn out
“This crappy word, servant leadership, it leads to stuff like this. This is the scut work that needs to be done, and I can do it, so I'll do it so the team doesn't need, doesn't have to do it. That sounds altruistic, and what it does is burn you out because you…”
Jason CohenJan 8, 2019▶ 25:04From Burn-Out to $100M in ARR with Jason Cohen, Founder of WP Engine
AssertionSupported
Columbia study: 21 of 22 wealthy exited founders were depressed
“So there was a study, ah, ah, by Columbia Business School of 22 entrepreneurs who all exited their businesses and made ten million or more personally from it. So in other words, success. 21 out of the 22 were depressed after having that success.”
Jason CohenJan 8, 2019▶ 2:07From Burn-Out to $100M in ARR with Jason Cohen, Founder of WP Engine
Disclosure
Cohen: Terminated employees have required restraining orders and committed suicide
“What if they get violent, and you have to take out a restraining order? I've had to do that. What if they get depressed afterwards and kill themselves, and you have to explain it to everybody? That has happened to me.”
Jason CohenJan 8, 2019▶ 6:45From Burn-Out to $100M in ARR with Jason Cohen, Founder of WP Engine
Insight
Cohen: Founders cannot master non-core skills in months to hire A-players
“The idea that you can become an expert in something important, something that's an entire career for someone else in a few months and then hire an A player. That's, of course, not true. So you're actually a C player at best.”
Jason CohenJan 8, 2019▶ 10:45From Burn-Out to $100M in ARR with Jason Cohen, Founder of WP Engine
Insight
Cohen: Believing new hires cannot match founder impact means poor hiring
“Oh, you're so blessed and awesome as a founder that no one could possibly impact the business as much as you? Well, then you're not hiring impactful people, and that's your problem.”
Jason CohenJan 8, 2019▶ 20:26From Burn-Out to $100M in ARR with Jason Cohen, Founder of WP Engine
Insight
Cohen: Founders must make emotionally difficult choices throughout to avoid burnout
“I think you have to make emotionally difficult choices, and I'll be very specific, all along the way to build a healthier company and to make you also maybe avoid this fate”
Jason CohenJan 8, 2019▶ 3:38From Burn-Out to $100M in ARR with Jason Cohen, Founder of WP Engine
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