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VICTORIA PREW

Victoria Prew is an award-winning entrepreneur and CEO who has raised over $10M in venture capital funding (when 2% of VC goes to female founders), scaling tech-first marketplace HURR to become a UK revenue leader.

Mar 23 • 3 min read

🔊 Burn the Boats: The Best Advice I Ever Received


[thriving in chaos] [victoria prew]

Burn the Boats: The Best Advice I Ever Received

Read this on victoriaprew.com​

Read time: 3.5 minutes

Happy Monday.

Last year my CEO Coach gave me some advice I haven't stopped thinking about. We were talking about going all-in on a new direction versus sitting on the fence. He looked at me and said: "Make a decision either way and then burn the boats."

Not a suggestion. A clear instruction.

I knew the story. It's well known amongst entrepreneurs. Hernan Cortes, 1519, landing in Mexico with 600 men and an impossible objective. He ordered the ships destroyed. Not moored in a safe harbour. Destroyed. The logic was simple: those who cannot retreat will find a way to advance.

TODAY AT A GLANCE

  • The boats you have not burned are the reason your new venture is not getting your best thinking.
  • Commitment is not a feeling. It is an architecture built by removing the exits, not by choosing to ignore them.
  • The most actionable thing you can do this week is write down every exit route you are still maintaining and set a date to close each one.

[the concept]

What Burning the Boats Actually Requires

It is not a mindset shift. The internet has turned this quote into one. There are hundreds of motivational videos explaining that burning the boats means believing in yourself so fully that failure is not an option. That is not what Cortes did. He did not give a speech about conviction. He organised the physical removal of the alternative.

Burning the boats is an operational decision. It looks like this:

  • Telling everyone in your network you have started the business before you feel ready, because the social cost of going back is the commitment device.
  • The co-founder dynamic that has not been working for months. You both know it. Draft the agreement, have the conversation, sign it.
  • Telling your investors the pivot is decided before you have all the answers, because waiting for certainty is how founders run two strategies and execute neither.

These feel irreversible because they are. That is the point. The discomfort of burning the boats is not incidental to the strategy. It is the strategy. The feeling of fear and a high degree of personal conviction in a next-step is one of the highest-performance fuels available to a founder.


[the framework]

Commitment Architecture

Commitment Architecture is the deliberate structure you build around a decision to make retreat genuinely costly. Here is how I would tackle each one.

  1. Announcing the business publicly. Post before you feel ready. Tell your network what you are building and when it is launching. The discomfort of that is not a side effect. It is the mechanism. Once it is public, the cost of going back is social as well as financial. That is exactly the point.
  2. Ending the co-founder relationship. Draft the agreement before the conversation, not after. Most founders have the conversation and then spend three months circling the paperwork because formalising it makes it final. That is the point. Get a lawyer involved. Sign it.
  3. Telling your investors the pivot is decided. Call the lead investor before you have all the answers, not after. Founders delay this conversation because they want to arrive with proof. What you actually signal by waiting is that you are not yet convinced yourself. State the decision clearly, explain the reasoning in one paragraph, and tell them what you are stopping as well as what you are starting. Investors back conviction.

[the lesson]

The New Land Is Hostile. That Is the Point.

Here is the thing about new land: it is genuinely hostile. The market does not know you. The customer does not trust you. The model is unproven. Every one of those problems is solvable, but only if you are fully on shore, looking forward, with no reason to look back at the horizon.

The founders still operating at full capacity in their 50s and 60s made one specific decision in their 40s that most others did not. They stopped maintaining exits. They stopped hedging their most important positions. They made the primary thing the only thing, structurally rather than aspirationally, and then they got very good at it.

When I finally made the decision, my coach did not congratulate me. He said: "Now we can start." Not when I decided to. When I actually did it. The boat-burning is not the work. It is the prerequisite for the work.


Until next week,

Victoria


Victoria Prew is an award-winning entrepreneur and CEO who has raised over $10M in venture capital funding (when 2% of VC goes to female founders), scaling tech-first marketplace HURR to become a UK revenue leader.


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