In college, I wanted to be a founder. But I took a job as an accountant at Deloitte so I could pay rent in SF. I spent 80+ hour weeks there for $50k/yr salary. But, during those hours I mostly thought about startup ideas.
In college, I started an online tutoring business called UniverCity Tutors that (sort of) resembled the one
@brian_armstrong started before Coinbase 😅
So while studying for my CPA at Deloitte, I was going to hackathons to build with/meet similar folks — my team finished 1st in one of them.
That was when my startup journey began.
I left to work on that company. Keep in mind, I still wasn't 'technical' per se, so my role was largely numbers-focused. We went out to raise funding, and that's when it happened:
After introducing ourselves and our product, one VC asked me point blank, "So what are you going to do? Accounting?"
Man, that stung. It wasn't what he said, but how he said it.
He wasn't wrong, either — there wasn't much value for me to add to the company. And honestly, it's probably why my co-founder fired me from that company.
I'll always look back at that moment as the day I realized I need to be a builder. I didn't check the boxes and to them, I probably never would — it was a gut punch and felt like it came with no remorse. That's when I invested in learning how to code and ship web apps and decided I never wanted to depend on VCs in order to succeed.
But for the record and with a huge caveat to this story, we have wonderful investors at
@fondocom.
(We initially planned on growing Fondo without outside capital — getting to 1,000+ customers and $6M ARR before considering VC funding. After building trust and deepening relationships with our investors over time, accepting their investment felt right.)
So are all VCs and investors evil? Not at all, and we're grateful for that.