Chances are, if you’re reading this newsletter, you’ve seen or heard the phrase “Founder Mode” floating around in the past few months.
Paul Graham’s recent essay has the business and founder communities buzzing about what it means to really lock into Founder Mode, a notably different mindset from that of a manager. First, let me say that I believe the term “founder” is highly overused when it comes to describing people who start a business. The truth is that not every entrepreneur is a founder. In fact, most aren’t — and that’s not a bad thing. It can actually help distinguish who the concept of Founder Mode does and doesn’t apply to.
What sets founders apart is a personal stake in our company vision. The key difference between founders and entrepreneurs is that founders like you and me see our companies — their products, missions, and brands — as an extension of ourselves.
Read more in What Is Founder Mode, Really?
I’m big on frameworks, and what is a mindset if not a framework? What is a “mode” if not a mindset? Think about it: None of us are in a single mode all the time, and our mode changes based on different scenarios or contexts. For example, throughout my life, I’ve found myself switching from Founder Mode to Coach Mode to Investor Mode and then to Dad or Husband Mode at the end of the workday.
Founder Mode is the mode we enter when we feel like something is just… off. For instance, you might feel like your company isn’t aligning with or respecting the elements you deeply believe are vital to turning the company vision into reality. Or maybe a major shift in your industry has caused unexpected complications with how you planned to scale. Whatever the circumstance, it’s not typical, it’s not ideal, and it’s potentially a huge threat to your organization. These are the times to step into Founder Mode to get things back on track.
It’s easy to fall into the trap of trying to juggle multiple modes at once, but this just isn’t a healthy or sustainable habit. Founder Mode shouldn’t be engaged all the time — the same way you don’t always need high beams when driving at night. Learning to switch in and out of Founder Mode by assessing when that critical mindset is needed can help you more confidently and effectively steer your company during times of crisis.