daily articles for founders

Running a startup in the UK (or with a UK subsidiary)? Get in touch with my company, GrantTree. We help with government funding.
If you ever feel alone in this...  

I have never suffered from depression. I used to feel pretty miserable as a kid (which perhaps is comparable) due to generalised bullying, but there was never a chemical imbalance side to it.

However, particularly in view of recent suicides in the tech scene, it is great to see people with that sort of experience stepping up and offering a helping hand. Darius Monsef:

I haven't thought about killing myself in 20 years, but I've been there. So if you're ever so depressed and stressed out, and you think you're alone. You're not. I've been there. It can get better and i'll bear that burden with you. Send me an email with the subject, "I feel alone in this" and you'll be the next email I write or the call I make.

Beyond that call to action, the whole article is worth reading for a reiteration of something I've discussed in several of my talks:

A person who is $50k in debt has a very hard life. They have no budget for luxuries or means to try and improve their life. They eat the cheapest foods and aren't able to travel. A person with $0 debt, but $0 savings has a quality of life worlds different. They may not have luxuries, but they have way more comfort and abilities to improve their life. Somebody with $50k in the bank is again dramatically better off than somebody with $0… And the quality of life dramatically increases again when you have something like $500k in the bank. That person is able to enjoy high quality foods, travel, live in luxurious comfort and use their capital to try and make their and those close to them lives better. A person with $5M does enjoy a higher quality of life, but not as dramatically better… they might fly in chartered planes vs first class, or drive a $120k car instead of a $70k car, but overall their quality of life is similar. And the increase in quality of life dramatically tapers off as you get to somewhere like $50M. I've personally experienced most of these levels of wealth, and while I haven't yet experienced the very top levels I've spoken to friends that are there and generally they agree.

I've never been $50k in debt (I think my max was about £12k), but I am now slowly but surely climbing up on the other side, and I couldn't agree more. From a personal standpoint, money is a hygiene factor. How much soap can you use?

There's only one good reason to accumulate more money than that, and it's that it can be traded for influence to make things happen. Bill Gates is giving us a great example of what you can do when you have mind-boggling amounts of money, that you can't do with just a few millions. But that's a different goal than wanting to make billions for yourself, which, in my opinion, is both incredibly unlikely and not particularly worth the effort.

There are many more points (and a great slide) in the article. Go read it.

More from the library:
You should probably send more email than you do
The processes that drive your business
Kevin McDonagh on: How to attend a conference