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Recently, our co-founder Emily joined Gavin Tye on The Leap by the Founders Collective to talk candidly about her journey from startup lawyer to building Tallystone.
The conversation went far beyond legal ops and data rooms.
It unpacked the emotional, practical, and often invisible challenges of becoming a founder, especially for people coming from structured, professional backgrounds where perfection is the norm.
If you’re raising capital, thinking about taking the leap, or learning how to move faster without breaking trust, this episode will resonate.
👉 Listen to the full episode of The Leap with Emily Price.
Before founding Tallystone, Emily spent years working as astartup lawyer, sitting behind the scenes of countless capital raises.
She saw:
One insight kept coming up: time kills deals.
Founders weren’t failing because their companies weren’t good enough, they were failing because fundraising is operationally heavy, distracting, and unforgiving when things aren’t organised.
That gap is what sparked Tallystone.
In the episode, Emily breaks down data rooms in plain English.
A data room isn’t just a folder of documents. It’s your capital raising shop-front.
It shows investors:
A strong data room builds trust, a weak one creates friction, and friction kills momentum.
This is exactly the problem Tallystone was built to solve: removing the manual, last-minute scramble, so founders can stay focused on building and selling.
One of the biggest mindset shifts Emily talks about is moving from perfection to progress.
As a lawyer, “good enough” often isn’t good enough. Precision matters. Risk is minimised at all costs.
As a founder, perfection can be the enemy.
Over-polishing decks. Over-explaining value. Waiting for certainty that never comes.
Sometimes “good enough” is actually the best option.
Another important theme from the conversation was personal runway.
Not just how long the business can survive, but how long you can. That includes
Emily didn’t take a sudden leap. She transitioned gradually: testing the idea, staying close to the startup ecosystem, and being intentional about when to go all-in.
For founders standing on the edge, this is a powerful reminder: It’s as important to keep yourself going as it is your business going.
Mistakes aren’t failures, they’re milestones
Even with years of startup experience, Emily still made mistakes once she became a founder.
That wasn’t a failure of knowledge, it was a reality ofexposure.
Some lessons only land when:
The reframe shared on the podcast is these are progress points every founder needs to go through: Mistakes aren’t failures, they’re milestones.
This episode of The Leap isn’t about overnightsuccess or perfectly timed decisions.
It’s about:
If you’re a first-time founder, preparing to raise, or questioning whether you’re ready yet, this conversation will meet you where youare.
🎧 Listen to the full episode of The Leap with Emily Price.