Why you SHOULDN’T become a founder w/ Travis McPeak @ Resourcely

In this episode of Engineering Founders, we discuss something we’ve never covered before – why you SHOULDN’T be a founder! Travis McPeak (CEO & Co-Founder @ Resourcely) joins the pod to share his founder story and questions to ask yourself to truly validate if the founder lifestyle is right for you. We also address how to de-risk your org & understanding the two main kinds of risks; things to consider when raising capital, like going bootstrap vs. VC; balancing the wedge vs. long-term vision; and how to create a lifestyle that supports you as a founder.ABOUT TRAVIS MCPEAKTravis is currently Co-Founder and CEO of Resourcely which enables platform, security, and DevOps engineering teams to offer simple self-service to their developers. Prior to Resourcely, Travis served as the Head of Product Security at Databricks. With an extensive background in application and cloud security, Travis enjoys building automated solutions to hard and critical problems. Prior to joining Databricks, Travis led the team at Netflix that automates application security including vulnerability management, asset inventory, and security reviews. During his time at Netflix Travis also built Repokid, a tool that automates least privilege at scale. Previously Travis led large security initiatives at IBM, HPE, and Symantec.Travis is an extrovert and enjoys sharing ideas and meeting new people. In his spare time, Travis leads the OWASP Bay Area chapter, mentors people getting started in security, and loves to help startups. He is an advisor for four companies including Ermetic and Appaegis. Travis is an angel investor in startups including Temporal, Truffle Security, and AuthZed." The stress is going to get you anyway, and your mindset about how you approach that stress is going to make the difference. So you're the one that's like, ‘All right, it's challenge time. Let's do this.’ Or are you like, ‘I'm overwhelmed right now. This feels too hard for me and then you go like hide in your shell.’”- Travis McPeak   SHOW NOTES:The origins behind Resourcely & Travis’s founder journey (1:52)Questions to ask before starting a company (5:07)What it was like for Travis to answer these questions for himself (8:00)Processes for becoming more self aware (9:06)What you should do / think about before starting a company (11:12)Methods for de-risking the two main kinds of risks (14:28)Resources for better understanding de-risking business risk (16:30)Identifying when to go bootstrap vs. VC for funding (19:00)Frameworks for differentiating which investor path is the right fit (21:30)Presentation strategies & considerations when raising capital (22:48)Linking together the wedge vs. long-term vision (28:21)How Travis was able to have 45 conversations in the first 45 days (32:31)Adapting to the founder lifestyle & increasing your odds for success (34:25)Strategies for prioritization & developing discipline (35:39)Practice rigorous scheduling (40:23)Rapid fire questions (41:49)LINKS AND RESOURCESThe Mom Test - Rob Fitzpatrick’s quick and easy handbook about how to get more learning and more sales out of your customer conversations. Even when everyone is lying to you.Tomorrow, and Tomorrow, and Tomorrow - Gabrielle Zevin's dazzling and intricately imagined novel that examines the multifarious nature of identity, disability, failure, the redemptive possibilities in play, and above all, our need to connect: to be loved and to love. Yes, it is a love story, but it is not one you have read before.This episode wouldn’t have been possible without the help of our incredible production team:Patrick Gallagher - Producer & Co-HostJerry Li - Co-HostNoah Olberding - Associate Producer, Audio & Video Editor https://www.linkedin.com/in/noah-olberding/Dan Overheim - Audio Engineer, Dan’s also an avid 3D printer - https://www.bnd3d.com/Ellie Coggins Angus - Copywriter, Check out her other work at https://elliecoggins.com/about/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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