F2F #11: Side-project burnout
Here's a way to self-diagnose side-project burnout, but not a single solution for it.
I am a creative person. I find myself having ideas for new apps or projects nowadays. Sometimes it's just features for apps I use.
For instance, today I thought it'd be cool to modify people's voices on my podcast app. I find some people's voices to be annoying, so I'd change their tone, rhythm or colour, even. High-pitched and histrionic people bug the hell out of me.
Lately, I've been noodling with the idea of building an app that stores all my personal data and I can converse with it. Sort of a "meGPT".
The list goes on.
Origins
Technology enables creative minds like mine to learn virtually anything and start all sorts of problems. Every day, we lower the entry barriers in yet another sector. While this is key to progressing as species, it's also a double-edged sword.
In fact, risk aversion is correlated with personality type and cognitive ability, which is related to knowledge of a topic. Several studies have found significant relationships between these factors:
- Personality type and risk aversion:
- Individuals with preferences for Introversion, Sensing, Feeling, and Judging tend to be more risk-averse.
- People with openness to new experiences and extroversion are more willing to take risks.
- Neuroticism and openness are predictors of risk aversion.
- Cognitive ability and risk aversion:
- Lower cognitive ability is associated with greater risk aversion. Another take.
- Higher cognitive ability is linked to more willingness to take risks.
- Financial literacy and risk aversion:
- Objective financial literacy can help estimate investment choices.
- Subjective financial literacy influences the choice between stocks and bank deposits.
I myself consider to be introverted and generally speaking not open to new experiences. I shouldn't be very tolerant of risk. In general, I don't risk much and quite frankly, I take low risk enterprises all the time... except in finance.
Maybe it's because I have little to zero understanding of finance and I'm thus unburneded by biases, but my wildest gambles and risks, I've done them with finance. By not fully understanding the consequences, I have taken more unbiased decisions (albeit more dangerous!). Maybe it's because I haven't had the tools to calculate upside vs. downside properly and have therefore applied an involuntary lateral thinking.
Be as it may, I have ended up with too many side-projects. Too many to handle, and too many to see them die. And that causes me stress.
The problem
I am feeling burnt out by all the projects I've started but never completed. I have cluttered my brain with half-assed ideas that were easy to start but impossible to complete. Or maybe they lost their appeal. Or maybe something more urgent came up. Or maybe I am in another moment in my life with higher priorities, but I am not able to declutter my mental headspace from unfinished projects.
These abandoned projects sit there, occupying mental bandwidth and encumbering me with a somber sense of guilt that is too heavy to bear and too difficult to let go of.
In this post, you will not find the solutions to this because, quite frankly, I know the theory but I haven't applied it successfully. We, humans, are very good at telling other people how not to do things but the harsh reality is: even if you know the theory, you need to get hurt to know the lesson. Curiosity killed the cat.
Look, just in the last five years I've started and abandoned an investment firm (Winning Capital), a Facebook group for freelancers in Barcelona, a podcast about music, a punk rock band, a website listing alternatives to publicly traded companies in Spain, a blockchain project to trace your pokémon, a marketplace for bird cages, a website called stonksoverflow.com that I still don't know what kind of content I wanted to have in it and Satan knows what else.
The main problem comes from not actually killing the projects but to let them linger a slow death. I gradually stop working on them until they disappear from my weekly workload but they keep sending me reminders of their existence when I see their repository on Github, a folder inside my mac, the domain listed on Godaddy, an email from a service I use remining me to renew their subscription and more. These nudges add up to the feeling of guilt and put more pressure on getting back to the project - yet in my case, they cause the opposite: a sense of rejection.
Effects
What are the effects of this burnout?
- Constant tiredness.
- Lack of motivation.
- Procrastination and endlessly pursuing low-hanging fruits.
- Blurry mind & unclear planning.
- Anxiety caused by excessive workload.
If you feel some of the above (or all of them), welcome to the club.
Accepting the problem is the first step
As I mentioned, I can't give you tips and tricks to solve this. I do have them but I don't feel they've worked for me. I might not have applied them properly yet, even, so I won't pretend to have a cure for this just to get more engagement and virality.
I think that admitting it is a first step, and doing it publicly is a second step. It might help other people to realise they have the same problem, and we can get together, brainstorm and help each other. So, if you happen to be in the same situation, kindly reach out and let's talk about it!
And now, onto the regular update of other miscelleaneous items!
Interesting stuff
This week, I've really liked the following contents:
- 🎙️ Itnig podcast with Axel Serena - In Spanish. Surprisingly pleased about the level of transparency of someone leading a publicly-traded company and how he blurts outs big truths like "journalists are only interested in funding rounds".
- 🎙️ Rework podcast - AI, multi-product and employee compensation. Interesting take regarding not giving equity to employees: as a bootstrapped and profitable company, there's no risk in joining Basecamp and a sale might never happen, so why should they do it?
- 📰 Niantic announces “Large Geospatial Model” trained on Pokémon GO player data. Probably, half of their data is mine. LOL.
- 📰 BlueSky has topped 20MM users. Finally getting some movement out there after being one year alone in the desert.
- 📰 BREAKING NEWS: if your parents were rich, you're also rich. In Spanish.
- 📩 Startup Riders - Sales AI. Ivan is one hell of a content curator and a super-insightful entrepreneur. His newsletter is worth your time as a founder.
- 💡 I'm checking out Exist.io, a platform to track all of your data. Still figuring it out.
- 🧵 Pieter Levels on generating songs with AI.
If you're not releasing then you're just journaling. If you're not posting it publicly, if you're just keeping things to yourself, then you need to admit that's just a journal. You're not really being a writer, you're just journaling for yourself. I think to be a writer, the unspoken necessity of that definition is that you have to release it to the world, otherwise it's just your diary.
– Derek Sivers in Derek Sivers Reveals His Writing Secrets For His Forthcoming Book, Useful Not True (~30:00)
My projects & asks
- We've launched Everesting.com - project developed by MarsBased.
- We're still searching for a person of content to lead our podcast & marketing projects.
- I've sent out around 500 personalised emails to all the speakers we've ever had at Startup Grind Barcelona. Little time to do anything else, but it has had a massive ROI.
- 🎙️ Life on Mars: Discussed post-sale scenarios with Diego Mariño (Ducksboard) - In Spanish.
- 🎙️ Life on Mars: Life after stepping down from TextExpander, with Greg Scown.
- 🎙️ Foc a Terra: Discussed this very topic about accumulating side-projects - In Catalan.
- My portfolio companies Delitbee and Celebreak are raising funds. Let me know if you want to join us.
- I'm looking to improve my shitty podcast setup when it comes to camera and lightning (light rings, background lights, stuff like that) - any recommendations?
- Never hurts to ask but... any guitar players to create a new punk rock band in Barcelona?
Until next week! Thanks for reading!