Episode Details

In today’s Startup Therapy Podcast, Wil and Ryan discuss transparency in startup companies. Being honest with your customers and clients will help you attract more people to your company, but excessive sharing of information and transparency could also create some problems. In today’s episode, we’ll find out: how much transparency is too much and do you really need to be transparent about everything?

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

Resources:

• Startup Therapy Podcast 
• https://www.startups.com/begin
• Join our Network of Top Founders 
• Check in with us on LinkedIn | Wil Schroter | Ryan Rutan

What to Listen For

• 00:00 Intro
• 02:22 We come from environments that lack transparency
• 03:13 Every news is good news
• 04:46 Why do we embrace transparency?
• 05:59 When things fail, transparency suddenly doesn’t matter
• 09:49 The difference between transparency and honesty
• 16:15 Transparency is good when you’re certain of the outcome
• 20:29 The consequences of transparency
• 25:01 It’s the founder’s job to make it work