The Thing Nobody Tells You About Starting AgainRead this on victoriaprew.com​ Read time: 1.5 minutes "Hey Victoria, what are you building next?" Everyone asks what is next. It has become the most common opener in every conversation I have had since hiring a CEO to run HURR. The honest answer is: I am not ready to tell you yet. And sitting in that space, deliberately, after six years of relentless forward motion, is one of the stranger things I have done. What I am going through has a name. Second-time founder anxiety. And whether you are building your first thing, your second, or sitting in the gap between chapters, this newsletter this morning is for you. [what nobody says out loud] The Power of Naive OptimismNaive optimism is one of the most underrated qualities in a founder. It is also the one you cannot get back. First-time founders have not felt it yet. They have heard how hard it is to build something. They do not know. That unknowing is a gift. It is what lets you make bold decisions without the weight of lived experience slowing you down. Second-time founders have closed that gap entirely. Every risk that was previously invisible is now visible before you even start. The ideas you would have jumped at in your twenties get turned over for months because you understand exactly what a 5-10+ year commitment actually costs. Not in theory. In actual decisions, actual mistakes, actual people, actual money on the line. Ryan Hoover, founder of Product Hunt, wrote about this in a piece I keep returning to. I've experienced all of the anxieties above. I’ve hesitated to get back to building, often over-thinking or using prior commitments as an excuse not to take action. That is a trap. [the three traps] What Gets in the WayThere are three mental traps most repeat founders walk into. I have walked into all of them. The bar trap. The next thing must surpass what came before. Not because anyone external is keeping score. Because you are. The truth is, most people are not watching in the way you imagine. And the ones who genuinely care about you are not tracking your outcomes. They are tracking you. The paralysis trap. Experience gives you enough pattern recognition to stress-test every idea before it has had a chance to breathe. You start optimising the architecture before you have solved a specific problem for a specific person. The basics get skipped in favour of the grand vision. Starting small is not a compromise. Even the smallest nudge, taken at the right moment, can create an avalanche. The optimism trap. You cannot manufacture naive optimism the second time. You cannot unknow what you know. What you can do is choose something harder and more honest: deliberate courage. The specific decision to see every risk clearly and go anyway. It is not the same as the first version of optimism. But it is the only version available to you now. Use it. [the edge] What the Second Time Actually Gives YouHere is what gets buried under all the anxiety. Nearly 60% of founders who built companies valued at over a billion dollars were not starting for the first time. The data on repeat founders is consistent: more experience building, recruiting, raising, selling, scaling. A network that opens doors it would take years to reach cold. What HURR gave me that no accelerator or advisor could was the real thing. Six years of decisions made under pressure, with real consequences, real people, real money. That is the competitive advantage you carry into the next business. Vera Wang designed her first dress at 40. Morgan Freeman landed his first major film role at 52. Stan Lee released his first major comic at 38. The thing you become most known for might not have started yet. What changes is not the possibility. What changes is the story you tell yourself about what is still available to you. And just incase you needed the reminder today, Rome wasn't built in a day. Good things take time. This week, one question. Write the answer down before you do anything else. If you are pre-first venture: What is the one idea you keep coming back to that you have not started because the timing does not feel right? The timing will not feel right. Examine what is actually stopping you. If you are mid-build: What would you do differently if you were starting this week with everything you know now? That answer is your highest-leverage insight. Use it. If you are between chapters: How would you feel in ten years knowing you did not try the next thing? Not how you feel about the idea. How you feel about not having tried. That is where the real answer lives. Good things take time. But they also require a start date. Have a good 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.