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On the outside, it probably seemed that Tom was living the founder dream life, but the reality was that towards the end of Tom’s time at Monzo, the emotional journey of being a founder was taking its toll - he was under a lot of pressure with many sleepless nights and wasn’t sure he wanted to continue the journey.
Tom grew Monzo from 0 to over 2,000 employees and was one of the youngest CEOs of a UK regulated bank ever. He raised over $500M on the Monzo journey and the product they built at Monzo is used by over 5 million people. Tom was also a co-founder of GoCardless. Today, Tom Blomfield is a prolific angel, and a visiting partner for YC.
In this episode you will hear more from Tom about:
1) The reality of the startup founder journey
- What did the end of the Monzo journey feel like for him?
- What does burnout feel like?
- Why doesn’t he think the word burnout is the right description?
- How do you maintain headspace as a founder?
- What could he have done to make the journey more sustainable?
- Would he still be running Monzo if he’d done those things?
2) How do you know your startup is living its values?
- How do you see/feel values in real life?
- What were some of Monzo’s core values?
- How did he as the CEO encourage and discourage certain behaviour when it was or wasn’t aligned with the values?
3) Tom’s Leadership Style and Lessons
- Why showing vulnerability is important in leadership
- Why crying or showing emotion as a leader is a strength, not a weakness
- What’s the difference between leadership versus management?
- How do you know if your team is growing at the pace the company needs during startup hypergrowth scaling?
- What do you do when someone is not fitting in?
4) Fundraising and Who You Need by Your Side in the Startup Founding Journey
- What does it feel like to fundraise?
- Why you actually might want VC naysayers and doubters in your corner and not just venture capital cheerleaders.
Check out more from him, including his famous fundraising guide, at tomblomfield.com.
Find out more at KindredCapital.VC/FoundersUncut
This podcast was produced by Fascinate Productions
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