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How Self-Awareness Became The Ultimate Edge
An interview with Jerry Colonna, Co-Founder & CEO at Reboot. đ
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This week seemed to hit the most fever-pitched pushback against the newly founded prediction markets gambling industry in the U.S. And I am all for it. Think of all the human capital and VC dollars going to sectors that are making the world unequivocally worse. Look at Tarek Mansour here, co-founder of Kalshi, actually bragging about trying to embed gambling into âeverything.â
This is the equivalent of the co-founder of Phillip Morris standing on stage proudly and exclaiming, âWe are going to be tobaccotize everything.â How on earth can we in the tech industry put up with this garbage? Tech is quickly becoming the global bad guyâsocial media, phone addiction, brain rot, conspiracy, gambling, and porn. Our job as leaders is simple. Find a product or service in the world that doesnât exist, or exists in a sub-optimal way, and either go out and create that new value, or improve upon what exists.
What our job is not is to scour the world for ways to exploit human psychology for monetary gain. People like Tarek should be ashamed of themselves. And itâs so short-sighted. What he is not considering is how he will explain to his grandchildren how he spent his time during his prime entrepreneurial years. Itâs just sad all around. Anyway, enough about that, on to todayâs piece! Enjoy!

INTERVIEW đïž
How Self-Awareness Became The Ultimate Edge
Jerry Colonna is the Co-Founder and CEO of Reboot, a leadership coaching company known for blending radical honesty with deep self-inquiry. Before becoming one of the most respected executive coaches in the startup world, he built a successful career in venture capital, serving as a partner at J.P. Morgan Partners and co-founding Flatiron Partners, one of the most influential early internet venture funds. His work today focuses on helping founders and leaders confront their fears, find meaning in their work, and lead with empathy and authenticity.
Heâs also the author of Reboot: Leadership and the Art of Growing Up and Reunion: Leadership and the Longing to Belong, both of which explore how emotional awareness, vulnerability, and maturity can transform leadership. Combining his experience as an investor, Buddhist practitioner, and coach, Colonna challenges traditional notions of successâencouraging leaders to see personal growth not as separate from business growth, but as its foundation.

The man.
Whatâs the first step to becoming a better leader?
The first thing is to acknowledge everything youâre struggling withâlike imposter syndrome. One of the biggest blockers for founders is pretending they have all the answers. Recognize that this is probably the hardest thing youâve ever done and ever will do, and thatâs okay. Youâre joining the club. Drop the idea that youâre supposed to have it all figured out from the beginning.
I used to do public talks for first-time CEOs. Iâd come on stage, let a pause hang, and then ask, âWho here wants to admit they havenât a clue what theyâre doing?â Everyone would laugh. Iâm doing two things: naming the demon and normalizing it.
One way we make these feelings worse is by believing weâre the only ones who feel that way. My son, a retired professional Muay Thai fighter, is building a startup that makes high-end boxing gear. Heâs been on an emotional roller coasterâdealing with tariffs, manufacturers in Thailand and Portugal. I told him, âWelcome to eating a bag of glass.â He laughed and said, âI thought it was just me.â I told him, âNo, everybodyâs messed up.â
Normalization, humor, and self-deprecation are key. Youâre not the imposter you think you are, and youâre not the greatest thing walking the planet either. Youâre just figuring it out every single day.
How does imposter syndrome affect a company?
Absolutely. Letâs take an example: youâre the leader, and you talk too much. That means youâre not listening to people closest to the problem or the customer. Youâre probably trying to quiet the voice in your head that says you donât know what youâre doingâby talking.
Or maybe you quiet that voice by micromanaging, avoiding conflict, or pretending everythingâs greatâwhat I call toxic positivity. âEverythingâs great.â No, itâs not. The product doesnât work. Letâs fix it.
What weâre really talking about is the neuroses of the person with the most power distorting the organization. Sometimes itâs grandiosity, sometimes imposter syndrome, sometimes conflict avoidance, or conflict seeking. The point is: get your fucking shit together. If youâre going to be a leader, get your shit together.
What traits define the best founders?
The best founders can separate their sense of self-worth from their company while still remaining deeply driven to succeed. In Buddhist terms, this is about non-attachment. If your self-worth depends on the companyâs success, youâll drive everyoneâincluding yourselfâcrazy.
They can cut through their own bullshit and take in feedback. I have a CEO client I meet with every two weeks, and we also meet with his two most senior leaders. After a few months of working this way, they said theyâre no longer afraid to say when someoneâs idea is bad.

Source: Reboot.io.
Thatâs huge. The best leaders create conditions where people feel safe to give honest, direct feedback about whatâs working and whatâs not.
How should leaders deliver tough feedback?
Absolutely. I would frame it as the ability to have difficult conversations. Sometimes the difficult conversation is giving uncomfortable feedback, feedback that might disappoint someone. But sometimes itâs a difficult conversation that says, âHey Bill, you did a great job, but we still have to close the product line. Youâre still going to lose your job.â Thatâs a really difficult conversation to have, especially if Iâve gotten to know you and I care about you and your family.



How do you help founders avoid burnout?
Well, I think we go back to this whole question of whether Iâve attached my sense of self-worth to the enterprise. If my value as a person depends on the work, then I have to work 24/7. I have to think about the business 24/7 in order to feel that Iâm valuable in some capacity.
Burnout and hard work arenât the same thing. Hard work doesnât necessarily lead to burnout. Hard work is a necessary component; come on, youâre trying to do a startup, itâs really fucking hard. But when you up the ante on the stress, thatâs when youâre likely to run into burnout.

Source: Sifted.
How can founders detach their self-worth from their startup?
Thereâs no one-size-fits-all framework. You really have to look at the individual. For example, if I were working with you, I might probe into the history of how you started Open Source and why. I might go back to your belief systems about money. If there is one thing, itâs the process I call radical self-inquiry. Itâs really looking honestly in the mirror and asking: Why do I do what I do? Why do I drive myself this way?
All the things you mentioned: wellness routines, morning rituals, good sleep, exerciseâthey all help, and theyâre important. But theyâre not universally transformative. You canât create real change just by applying routines. The work is deeper than that.
Should founders always see a psychologist?
Letâs broaden that question. I think everyone should create space to ask core questions of themselves. My infamous one is, âHow have I been complicit in creating the conditions I say I donât want?â
If you and your partner fight every Friday night because youâre exhausted, whatâs really going on? Everyone needs to do that kind of self-examination to grow up.
How you do thatâwhether through therapy, self-study, books, podcasts, or conversationsâdoesnât matter. What matters is that you do the work.
How important is financial security for founders?
Thatâs actually the first chapter of my first book, Reboot: How does my perception of money shape the decisions Iâve made?
So what youâre really asking is: Should an adult pursue some level of safety and security by amassing a certain amount of money so they can live out their life? A financial planner would say, âSure, thatâs a great idea if possible.
The coach in me says: Be careful. Because for some of usâand I put myself in this category back in my 30sâno amount of money in the world was enough to make me feel safe. So the real issue wasnât money. The real issue was safety.
Sure, do you want to live whatâs called the âlife deferment plan,â where you work like a dog in your twenties so you can surf the rest of your life? Fine, thatâs a perfectly legitimate strategy. But if youâre neurotically attached to money as a means of stature, self-worth, or safety⊠good luck. The planâs not going to work.
What daily practices keep you grounded?
When we talk about wellness in this regard, weâre really talking about the mystery and the myth of workâlife balance. What youâre asking is: How do people find their way to mental and physical wellness? And it was interesting that you immediately shaped it as a weekly practice.
I would argue itâs actually something you need to practice on a daily basis. Every day I sit in meditation. Every day I journal. Every day I exercise. Every day I make sure I go out and see the sun. Every day I try to eat well and get good sleep. Donât try to make this a weekly practiceâtry to make it an integrated daily practice.
More often than not, the impediment is people saying, âI donât have the time.â And thatâs actually a function of prioritization, not a function of time.
What does a successful early-stage company look like?
Well, all the usual factors: a go-to-market strategy, a good product, strong productâmarket fit, a sales strategy that makes sense, a business model that makes sense, cash, the ability to have runway. I often use the metaphor that your job at that stage is to build the machine that makes the products and services. Itâs not necessarily to build the products and services themselves.
So, a healthy company, one thatâs breaking free of gravity, is a company that has a machine where, ideally, the culture celebrates innovation and risk-taking. People are having fun while the machine is getting built. Thatâs what I look for. I used to be a VC back in the day, and thatâs what I would look for in a Series B or Series C company.

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