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Wil Schroter
Founder + CEO at Startups.com, Co-Host of Startup Therapy podcast
Professional Background
Wil Schroter is a prominent entrepreneur and business leader known for his innovative approach to launching and scaling startups. His entrepreneurial journey began at a remarkably young age when he founded his first company, Blue Diesel, as a 19-year-old student at The Ohio State University. This early venture set the stage for an impressive career marked by success in the competitive world of technology and business.
Three years after founding Blue Diesel, Wil successfully merged his company with inChord Communications. As the CEO and a Board Member, he played a pivotal role in driving the company’s growth trajectory, transforming it into a powerhouse that boasted over $700 million in capitalized billings within five years. This achievement led to the company's acquisition in 2003 by a larger firm, which subsequently rebranded as inVentiv Health. Today, inVentiv is a formidable force in the global market, generating over $2.5 billion in annual revenue and employing approximately 15,000 professionals around the world, with a recent valuation of $6 billion.
Following the successful exit from Blue Diesel, Wil founded Virtucon Ventures, an incubator focused on nurturing idea-stage web startups. His expertise in identifying and fostering promising entrepreneurial ventures allowed him to further expand his influence in the startup ecosystem. Among his notable accomplishments at Virtucon Ventures, he helped bring to life several well-known companies such as Swapalease.com, Unsubscribe.com (which was later sold to TrustedID), Startups.com, and Fundable.com. The portfolio of companies that emerged from Virtucon has successfully attracted investment from a range of respected venture capital firms including Draper Fisher Jurvetson, Founders Fund, Bessemer Ventures, and Charles River Ventures.
In 2012, Wil took a significant leap by founding Startups.com, which has become the world’s largest startup launch platform. This landmark platform has empowered over one million startups globally, facilitating the raising of over $700 million in funding and attracting an impressive 30 million early customers. The success of Startups.com is a testament to Wil's unwavering commitment to supporting entrepreneurs and fostering innovation. Now based in Columbus, Ohio, Startups.com is home to more than 200 dedicated associates focused on helping startups succeed in their ventures.
Education and Achievements
Wil's academic journey began at The Ohio State University, where he pursued studies in communications. This foundation played a crucial role in shaping his entrepreneurial mindset and honing his communication skills, which have been instrumental in his business endeavors.
Throughout his career, Wil has not only demonstrated an exceptional ability to launch and scale successful businesses, but he has also built a legacy that inspires up-and-coming entrepreneurs. His contributions to the startup ecosystem continue to bear significant impact, and his commitment to empowering others to achieve their entrepreneurial dreams is evident in every aspect of his work.
His visionary leadership and strategic insight have garnered recognition from various sectors, making Wil a sought-after speaker and advisor on entrepreneurship, innovation, and business strategy.
Achievements
- Founded Blue Diesel at the age of 19, establishing himself as a prodigious entrepreneur early in his life.
- Played a crucial role in merging Blue Diesel with inChord Communications, resulting in the remarkable growth of the company to over $700 million in capitalized billings within five years.
- Contributed to the strategic acquisition of inChord Communications in 2003, which was rebranded as inVentiv Health, now generating more than $2.5 billion in annual revenue with a valuation of $6 billion.
- Launched Virtucon Ventures, helping to conceive and kick-start numerous successful startups, including Swapalease.com, Unsubscribe.com, Startups.com, and Fundable.com.
- Founded Startups.com, which has supported over 1 million startups and facilitated over $700 million in funding commitments worldwide, with its platform hosting more than 500,000 product launches, further establishing his reputation as a leader in the entrepreneurship space.
Highlights
What happens when the company we built doesn’t need us anymore?
At 26, I was helped to lead a 600-person company with $10M in monthly payroll. The same quirks that built it suddenly didn’t fit. The chaos I thrived in had been replaced by structure. And it was obvious—I was no longer the right CEO.
Here’s the brutal truth: • Early-stage startups reward scrappy Founders • Growth companies reward professional managers • We can’t always be both
The question is, do we even want to? Some Founders evolve into managers. Others hate it. Meetings, slides, HR headaches—it’s not building, it’s babysitting.
That’s not failure. It’s evolution. Sometimes the best move is hiring a COO or even stepping aside entirely. Painful? Sure. But it means we did our job: we built something too big for just us.
The trophy isn’t clinging to the role. It’s knowing we created a company strong enough to outgrow us.
Confidence isn’t something Founders are born with. It’s something we build. Usually the hard way.
At 19, I called myself a CEO and was terrified. People laughed. I assumed confidence was magic others had. It wasn’t. It was experience.
Here’s how I built mine:
• Ask more questions. I stopped faking expertise and leaned into curiosity. The one steering the questions often feels like the authority.
• Take big swings early. I said yes before I knew how. Then I figured it out. Every win rewired me to believe I could take bigger risks.
• Get good at being wrong. Confidence isn’t being right. It’s trusting we can recover when we’re wrong. That shift made me decisive instead of hesitant.
Over time, I learned: • Confidence comes from responding well, not knowing everything • Resilience matters more than certainty • Every mistake is just another rep toward growth
The trap is waiting to “feel ready.” That moment never shows up.
We don’t need confidence first. We need curiosity. We need the willingness to step into hard situations we aren’t yet qualified for. That’s what makes us grow.
So if you’re waiting for confidence before you lead, stop. Lead first. Confidence will follow.
