HACKER Q&A
📣 johnwheeler

How do you overcome fear and self-doubt after an initial success?


- Backstory -

I’m a solo entrepreneur who hit a relative home run once before - I created an eBay application that generated several million dollars for me over a decade ago. I realize that's peanuts for some people around here, but for me it's huge. However, I attribute much of the success I had to a special scenario.

eBay had an app store at the time and I was one of the last developers to get in before they closed it to new developers. For eight years, my cohorts and I bathed in a steady stream of leads. Once eBay eventually shuttered their app store, I quickly migrated my users to my own site (as eBay had a hosted app model similar to Shopify), since then, it hasn't grown at all.

- Fear -

During my app's time in the eBay app store, I witnessed small-scale operations, much like my own, blow right past me and grow substantially (3DSellers, Inkfrog, Outright). While these companies had more employees than me, I don't believe that was the critical factor in their success. Rather, their founders exhibited a level of fearlessness and focus that I lacked.

Having crafted an app in three months that out-earned my entire previous decade of employment was a shock to my system. I found myself constantly worrying about losing what I had built, instead of capitalizing on it. Ultimately, this a failure—not financially, but in terms of unrealized potential.

Another issue I grappled with was the safety net the eBay app store provided. The limited competition was incredible, but it left me feeling ill-prepared to attract users independently.

Recently, three successful founders I know (Mike Flynn and Oisin O’Connor from ReCharge, and Ben Curren from Outright) recommended a book called “The Startup Owner's Manual” by Steve Blank and Bob Dorf. I initially skimmed it but found it more academic than other reads like 'Traction' or 'ReWork'. However, hearing it mentioned at a conference by the ReCharge duo compelled me to look deeper.

The book emphasizes the importance of customer interaction, outlining how to create a business plan using the Business Model Canvas. It advises on testing various business dimensions through customer interaction—a process I am beginning to undertake for a new product I'm developing.

The product is a browser extension that records user interactions. While similar products exist, I aim to differentiate mine by adding elements of gamification and fun. I think "fun" is increasingly becoming a differentiator. As of now, I have a few Figma prototypes and some working code, and I'm in the early stages of pitching this to potential users.

Here’s an early screenshot of the working code - it’s changed a bunch since then

https://preview.redd.it/907g98vqf77b1.png?width=2430&format=png&auto=webp&v=enabled&s=8a97f47e156ee4ddeb0d554922df4af729a39ba6

If you're interested in helping me refine this product and willing to serve as what the Startup Owner's Manual refers to as an “Earlyvangelist”— someone eager to try early-stage software and help shape its future—please e-mail at john@demo.fun to arrange a Zoom call (or if you would rather stick to e-mail that's fine). Your insights would be greatly appreciated. I also have a contact form on https://www.demo.fun


  👤 water9 Accepted Answer ✓
We cannot experience highs without experiencing lows. You must not tie your worth to your "successes" or you will spend half your life lamenting your failures. Instead you need to embarrass that feeling of anxiety and tell yourself this is what doing hard things feels like. You can do hard things.

👤 vmoore
> How do you overcome fear and self-doubt after an initial success?

When life is good, relish it and enjoy it, but don't expect the good times to last forever. When the old paradigms have been shattered, focus on building new ones. Be a warrior in a garden, not a gardener in a war.