Experienced Founders Need Slow Conviction Over Fast Momentum
Will Quist
Context:
Too many experienced founders (folks with real domain expertise, networks, and the ability to raise capital) still ask themselves, “Can I start this?” when the much more important question is, “Should I?” The act of incorporating and raising capital is a serious commitment, usually a minimum three-year investment, even if you realize you’re wrong fast. When you factor in the salary and options you’re walking away from, the stakes are massive. The difference between “can I” and “should I” is the whole ballgame.
Market Signal:
There’s a real opportunity cost problem here. Marc Andreessen recently pointed out that “real” founders have often spent 5, 10, or even 20 years thinking deeply about their field. They’ve built genuine expertise and conviction about what needs to change. The opposite—“fake” founders—are just hunting for problems to solve, not solving problems they already understand intimately.
Most startup advice is aimed at the latter group: young, low-opportunity-cost founders who need to get in the game and learn by doing. That’s fine for the 25-year-old data scientist in Minneapolis with a $90k salary and no network. But what about when you’re not that founder? What if you already have experience, a network, and the ability to raise money? The question isn’t “can I start?”—it’s “should I bet the next decade of my life on this?”
Takeaways:
Speed is expensive at high opportunity cost: When your alternative is $500k+ a year in comp, rushing to incorporate can cost you millions, not to mention the stress and dilution.
The standard playbook may backfire: Rapid MVPs and customer interviews are great for quick learning, but they bias you toward incremental thinking and short-term wins, not the kind of deep, world-changing conviction that experienced founders are capable of.
You need slow conviction, not fast momentum: Real conviction takes time—mapping out predictions, interrogating why the world hasn’t changed, pressure-testing assumptions, and only then committing.
This approach isn’t new: Before capital was abundant, both founders and VCs took more time. Raising money meant something. Founders spent months developing wild, far-reaching theses before incorporating.
The payoff of slow conviction: When you finally do incorporate, everything changes. Your network rallies. Investors and co-founders know exactly why this is worth their time. Most importantly, you know it’s worth your life.
Permission to walk away: Sometimes, after all that work, the best outcome is deciding not to start. That’s not failure—it’s efficiency. You’ve earned the right to be selective. Your time is too valuable for lottery tickets or incremental thinking.
Asks:
If you’re an experienced founder wrestling with this, or you know someone who is, reach out (or hit reply if you’re receiving this in your inbox). I love helping people figure this out before they commit.
Your time is your most expensive asset—don’t spend it lightly.