|
Bryan Johnson built an $800M Company. Then had to rebuild himself from nothing. It’s hard to spend much time online without seeing Bryan Johnson. He’s the guy trying to figure out how humans can live forever. Before that, he was a startup CEO, just like you. Bryan built Braintree, merged it with Venmo, and sold the combined company to PayPal for $800 million. By any external measure, a spectacular success. But here’s what was happening behind the scenes: chronic sleep loss, 50 pounds of weight gain, erratic eating, depression that lasted the entire time he was building the company. He was married with three children, and rather than family fueling his drive, it added to his stress. He couldn’t be the best CEO and a good father and husband. That marriage ended in divorce. An all-too-familiar outcome for founders. Bryan didn’t sell Braintree because he wanted to. He sold because he was burnt out. And when the exit closed, instead of feeling fulfilled, he hit a psychological low point. In his own words, the exit was supposed to be the finish line, but turned out to be his breaking point. He had optimized for money and achievement while systematically degrading his body, mind, relationships, and any sense of meaning. This Is Not a Bryan Johnson Problem. This Is a Founder Problem. I’ve sold companies worth over $1 billion. And in my experience, the most common reason founders want to sell is burnout. Not market timing. Not a strategic decision. Burnout. The CEO simply can’t continue. And while they could theoretically replace themselves, the reality is more complicated. The bulk of their net worth is locked in illiquid shares. The company has become their identity. And after years of being their own boss, working for someone else feels impossible. So they sell. And when they sell, the compounding stops. The thing they spent years building, the thing that could have kept growing, is gone. Who knows what that company could have been worth if the founder had been able to keep going? That’s the real cost of burnout. Not just your health. Not just your relationships. Your upside. The Counterintuitive Truth Most founders treat health as the first thing to sacrifice when the company demands more. Sleep gets cut first. Exercise disappears. Nutrition becomes whatever’s fastest. Relationships get neglected. It feels like discipline. It feels like commitment. But it’s actually the single biggest risk to the company’s long-term value. Bryan now has the healthiest biomarkers of anyone on the planet. He’s said that poor sleep, inactivity, and inadequate nutrition can lower functional IQ by 12 to 15 points. Think about that. You’re making the most consequential decisions of your career, hiring, fundraising, product, strategy, with a brain that’s operating at a significant discount because you refused to sleep. That’s not dedication. That’s self-sabotage disguised as work ethic. What Bryan Had to Learn the Hard Way After the PayPal exit, Bryan had to rebuild himself from nothing. He had to design a life where his health came first. Not as a luxury after success, but as the foundation for everything else. This is the core idea behind Limitless: your energy, your health, and your inner alignment aren’t obstacles to building a great company. They’re the prerequisites. The founders who compound for decades aren’t the ones who grind the hardest. They’re the ones who protect the asset that makes everything else possible: themselves. Bryan figured this out after the exit. After the burnout. After the divorce. After the depression. You don’t have to wait that long. If you want a better way to build (and live), check out Limitless. Be like Bryan (would love to have him as a member). © 2024 SurePath Capital Partners, Inc, dba 'Mark MacLeod, CEO Coach' |
Since 1999, Mark MacLeod has been funding, growing and exiting high growth software companies as either a CFO, VC, investment banker or CEO coach. Former CFO of Shopify, GP at Real Venture and founder of SurePath Capital Partners. Mark coaches the CEOs of high grow and lead all the way to a massive exit.
For decades, I have watched founders kill themselves. Giving everything to their companies. Sometimes it works. Most often it doesn’t. I know a founder who wanted to sell an organ to keep his company afloat. That same founder later developed shingles from his stress. I watched founders gain weight and lose energy as their cortisol levels spiked. I have heard from so many founders who can’t sleep. Either they can’t get to sleep because they work in the evenings. Or, they can’t stay asleep...
Very often, when CEOs finally slow down at this time of year, their bodies tell them the truth. They step off the gas pedal only to realize they’ve been running on fumes. Many get sick. Many feel flat, depleted, or mentally foggy. The default model of startup leadership is a lie. Grind harder. Hustle. Sleep when you’re dead. This can create short-term velocity, but it doesn’t last. You are sprinting a marathon. The leaders who scale year after year focus on energy. It takes energy to create...
Steve Jobs killed 500 projects to build the iPhone. I recently met with a CEO who had 17 "top priorities" on his whiteboard. Each one circled. Each one urgent. Each one critical to the company's success. His revenue? Flat for 18 months. His team? Exhausted and confused. His investors? Starting to ask hard questions. This isn't a story about poor planning. It's a story about the most expensive word in business: YES. The Addiction to YES We're addicted to saying YES in startup land. YES to new...