Kathryn Finney
All InsightsBuilder Mindset

The 5 Bold Faced Lies Told to Builders

You don't need to code. You don't need a degree. You don't need permission. The lies the startup world tells you, debunked.

By Kathryn Finney7 min read
The 5 Bold Faced Lies Told to Builders

TL;DR

The venture capital world is built on a set of myths designed to keep people like us out. Its time to stop believing the hype and start building with what you have.

Let's be real. The startup world is a lot like a high school clique where the cool kids made up the rules after they already won the game. If you didn't go to the right school and you don't look like a 22 year old white guy from Palo Alto and you don't have a degree in computer science, you've probably been told that you aren't ready. You have been told that your idea is a hobby. You have been told that you need to wait until you have more money, more data, or more permission.

I am here to tell you that those are lies. They are bold faced lies designed to keep the status quo exactly where it is. I have spent my career opening doors for people the tech world tried to ignore through my story starting with The Budget Fashionista to digitalundivided and now Genius Guild. I have seen thousands of founders walk through those doors. The ones who make it are not the ones who followed the rules. They are the ones who realized the rules were fake.

When I wrote Build the Damn Thing, I wanted to create a guide for the rest of us. It is for the builders who do not have a safety net of a rich uncle or a Harvard alumni network. It is for people who have to work twice as hard for half the credit. We do not have time for the fluff or the MBA jargon that clogs up most business books. We need the truth.

Lie Number 1: You Must Know How to Code

This is perhaps the biggest gatekeeping tactic in all of tech. People will tell you that if you cannot build the backend of your app yourself, you are not a real technical founder. That is nonsense. Being a founder is about solving a problem and creating value. It is not about being the person who types the syntax.

I know founders who spent six months and twenty thousand dollars learning to code only to realize they hated it and their product still didn't work. In the meantime, someone else solved the same problem using a spreadsheet and a simple landing page. You do not need to be a coder to be a builder. You need to be a vision holder. You need to understand how the logic of your business works.

We live in the era of no-code tools. You can build a multi million dollar business using off the shelf software. If you are waiting to start until you finish a coding bootcamp, you are just procrastinating. You are letting a tool define your worth as a creator. Focus on the solution. The tech is just the plumbing. You can hire a plumber later. Right now, you just need to see if the water runs.

Lie Number 2: You Need Venture Capital to Start

Every time you open an industry newsletter, it is nothing but headlines about who raised a Series A or who joined a unicorn club. It makes you think that raising money is the goal of a business. It is not. The goal of a business is to make money by selling something people want.

Raising VC is like putting rocket fuel in a minivan. If you have a solid engine and you are headed in the right direction, it will get you there faster. But if your engine is broken or you don't know where you are going, rocket fuel just makes the explosion more spectacular. Most businesses do not actually need venture capital. In fact, many are destroyed by it because VC requires a specific type of growth that is not sustainable for every model.

I have seen too many founders spend eighteen months chasing a hundred thousand dollar investment when they could have spent that same time making a hundred thousand dollars in revenue. Revenue is the best form of capital. It does not take equity. It does not give you a boss. It confirms that your business actually works. Before you go begging for a check, check your own bank account and see if you can sell your way to growth. If you need help figuring out how to get that first version out without a million dollars, the BUILD Sprint can help you get moving in just weeks for less than the cost of a nice dinner.

Lie Number 3: Your Idea Must Be Entirely New

Investors and critics love to talk about disruption. They want to find something that has never existed before. This puts a massive amount of pressure on you to be a genius who manifests magic out of thin air. But here is a secret. Most great businesses are just better or more inclusive versions of things that already exist.

Google was not the first search engine. Facebook was not the first social network. I did not invent the idea of fashion blogging, but I did it in a way that spoke to women who wanted to look good without going into debt. I found a gap. Underestimated founders are experts at finding gaps because we spend our whole lives navigating them.

If you see a service that ignores your community, that is an opportunity. If you see a product that is overpriced and overcomplicated, that is an opportunity. You do not need to reinvent the wheel. You just need to make the wheel work for the people the current manufacturers are ignoring. Do not let someone tell you that your idea is not innovative enough just because they cannot see the market that you live in every day.

Lie Number 4: You Need an MBA or a Pedigree

The business world loves acronyms and titles. They use them to make things seem more complicated than they really are so they can charge you for the explanation. I have sat in rooms with some of the most powerful investors in the world. I can tell you that half of them are just guessing. They do not have a secret formula. They have a network that protects them when they fail.

Real business skill is not learned in a lecture hall. It is learned in the streets and in the struggle. It is learned by managing a household budget when things are tight or by navigating a corporate job where you are the only person who looks like you. That is real business intelligence. That is risk management. That is resource allocation.

You already have the skills. You might just need the terminology to translate those skills into the language of the startup world. I provide a lot of these translations in the free tools available on my site. Stop thinking you are behind because you do not have a expensive piece of paper on your wall. Your lived experience is his own kind of master class. Use it.

Lie Number 5: Failure is Fatal

There is a weird fetish in Silicon Valley about failing fast. But let's be honest. That advice is usually for people who have a safety net to catch them. For us, failure can feel like the end of the world. It can feel like we let down our entire community. We are told that if this business doesn't work, we have failed as builders.

That is a lie. A business is an experiment. If the experiment doesn't work, the experiment failed. You did not fail. You are the scientist. You take the data, you see what went wrong, and you start the next experiment. Every successful person I know has a graveyard of projects that did not make it. I have had businesses that didn't work. I have had ideas that flopped.

The only real failure is stopping. If you learn something from the process, that is a win. If you built a network while trying, that is a win. We have to stop viewing our ventures as a reflection of our soul and start viewing them as a reflection of our strategy. If the strategy is wrong, change the strategy. Don't hide.

I talk about this a lot on the Build the Damn Thing podcast because it is important to hear the messy middle of the journey. The stories we hear are usually the edited versions where everything went perfectly. That is not real life. Real life is messy. Real building is full of pivots and restarts.

The Truth About Building

The truth is that building is hard work. It is uncomfortable. It will make you question yourself. But the obstacles you face are usually not the ones you think. The biggest obstacle is often the mental noise created by these five lies. Once you stop believing that you need permission or a specific background to start, you become dangerous to the status quo.

You have the vision. You have the grit. You have the community. That is more than enough to get started. Do not wait for the perfect moment or the perfect amount of funding. There is no such thing. There is only today and the work you are willing to do right now. Go build the damn thing.