Founder Reality

No highlight reels. No startup theater. Just real talk.

What You'll Hear

New episodes weekly

I talk about:

•Decisions I'm making in real-time (and why)
•Expensive mistakes with actual dollar amounts
•What's working vs. what's hype
•Building without VC, without co-founders, without permission

No guests trying to sell you things. No softball questions. No motivational fluff. Just me sharing what I'm learning while building.

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Episode Notes

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Episode7 min

I Wasted Three Years Chasing VC Money (The Math They Don't Want You To See)

By George Pu | Founder Reality Podcast | December 2025 May 5th, 2022. 7:56 PM. Thai restaurant in Toronto. I got my final rejection email from the last investor I'd been courting. They said I was too young to be trusted with money. They were probably right. But that's not what hurt. What hurt was realizing I'd wasted three years of my life chasing venture capital money I never even got. Three years performing instead of building. Three years ignoring the customers who actually paid my bi

Dec 12, 2025

Episode7 min

How I'm Competing With 50-Person Teams Using Just 5 People (The Three C Framework)

By George Pu | Founder Reality Podcast | December 2025 I'm running two companies from Toronto with five people. No VC funding. No San Francisco office. And we're successfully competing with 50-person teams that have raised millions of dollars. How? By ignoring everything Silicon Valley told me I needed and focusing on three things that actually matter in 2025: Capital, Code, and Audience. Not the old definitions. New ones, transformed by AI and accessible to anyone reading this right now. Ev

Dec 5, 2025

Episode5 min

Why Liquidation Preferences Are Founder Slavery (And What to Do Instead)

My friend sold his company for $5 million. Headlines celebrated the "successful exit." Press releases went live. LinkedIn exploded with champagne emojis. He walked away with $140,000. After four years. That's $35,000 per year—less than an entry-level Google engineer makes in two months. This isn't a failure story. This is how the VC game actually works. What Everyone Believes: Raising VC = Winning The Standard Narrative: * Raise $3.6M seed round = instant validation * Press releases

Nov 29, 2025

Episode7 min

The Three C's That Actually Matter in 2025 (And Why "Machine, Platform, Crowd" is Dead)

By George Pu | Founder Reality Podcast | November 19, 2025 Back in 2017, I couldn't put down this book called "Machine, Platform, Crowd." The premise was simple: build a machine (computer/server), create a platform (marketplace/SaaS), and harness the crowd (audiences). It felt like the blueprint for every successful tech company. Fast forward to 2025, and that framework is completely broken. I'm running two companies from Toronto with five people total. No VC money, no San Francisco offic

Nov 24, 2025

Episode8 min

I Failed 6 Times This Morning (And Finally Learned React)

By George Pu | Founder Reality Podcast | November 18 2025 This morning on the subway, I failed six times in a row trying to debug React code. Not because I was distracted. Not because I wasn't trying hard. I just genuinely didn't understand React state and rendering. By the sixth attempt, I felt embarrassed - even though I was just talking to ChatGPT. No one was there to judge me. Yet I still felt stupid for failing so many times at something that should be "basic." Then something clicke

Nov 22, 2025

Episode8 min

How I Lost 80% of My Revenue Twice (And What I'm Building Instead)

Two massive shocks hit both my businesses in the past few months. Within 60 days, 80% of inbound leads for SimpleDirect and ANC just disappeared. Not because my products got worse. Not because I stopped working hard. Not even because competitors crushed me. Because third parties I depended on - that I had zero control over - changed the game. I'm almost on the other side now. Maybe 70-80% there. Still figuring things out, still pivoting both businesses. You can see it if you visit our website

Nov 20, 2025

Episode9 min

Capital, Code, and Audience: The New Framework for Building in the AI-First World

The old playbook is dead. For years, we've been told the same story: raise millions, hire 20+ people, move to San Francisco, burn $500K/month, and hope you find product-market fit before the money runs out. That worked when information moved slowly, when you needed physical proximity to coordinate, when AI tools didn't exist. Not anymore. I'm running two profitable companies from Toronto with 5 people. No VC. No San Francisco office. We're competing with 50-person teams that have raise

Nov 20, 2025

Episode7 min

The VC Market Has Split Into Two Different Games (And Most Founders Are Playing The Wrong One)

By George Pu | Founder Reality Podcast | November 10, 2025 I spent the past week doing something I haven't done in years: analyzing the venture capital funding landscape. As a bootstrap founder, it's not my world anymore. But I realized something shocking that every founder needs to understand about what's actually happening right now. VCs are deploying record capital. Meanwhile, 84% of companies that raised seed rounds in early 2022 still haven't raised their Series A. Three years later.

Nov 11, 2025

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