🚀 3.2.1. Bull vs Cat ::: Atomic Scaling

Jul 17, 2026

You've done it before. The exits. The bell. The 2 a.m. dashboards. And still, something in you paws the ground: one more time. This time to unicorn. This time for impact. This time to build a system so beautiful it doesn't need you every morning.

Everyone says startups are suffering. Here's the strange part: you know that better than anyone - and you're still standing at the gate. This issue is about that itch. And about the other animal in the room. Stay for the PS.

 

THREE IDEAS:

I. Going again is the most informed bet in business.

Jensen Huang says if founders knew in advance what a company actually costs - the pain, the vulnerability, the embarrassment - nobody in their right mind would start one.

His edge, he admits, was not knowing. Yours is the opposite. You've read the full invoice: the dilution, the near-deaths, the Tuesday-night existential audits. And the itch survived the knowledge. That's not addiction. That's a thesis with scar tissue.

Harvard tracked roughly 10,000 venture-backed companies and found that founders with a prior success win again about 30% of the time, versus 18% for first-timers. Experience compounds. And notice the irony: the serial founder is the one animal in the room with nine lives.

 

II. "One more time" only makes sense if the target moved.

Company one: survive. Company two: prove it wasn't luck. The one-more-time company must be built differently - or it's just relapse with better branding.

The new target isn't a bigger number. It's a different architecture: the unicorn as consequence, the impact as direction, and a system that runs without you as the actual product. Loops instead of heroics. Agents instead of an army of people.

Your job description shrinks to three words: judgment, taste, override (JTO). The suffering doesn't disappear - it finally gets a destination. Every painful rep gets encoded into a machine that keeps the gain after you stop pushing. Build the bull. Then teach it to graze alone.

 

III. The cat is not a lesser bull.

The cat has no scoreboard. No KPIs - naps. It plays because playing is the point, and it never retires from play. As much joy inside, sleeping and dreaming, as outside, contemplating and chasing.

Montaigne watched his cat four centuries ago and wondered who was entertaining whom - the original detachment from outcomes. His verdict, elsewhere in the Essays: my art is to live.

Here is what nobody tells serial founders: cat life is a real answer, not a consolation prize. Bull and cat are both complete responses to the same short life. The only losing hand is the in-between - charging without conviction, resting without peace.

 

TWO QUOTES:

I.

"For all of you Stanford students, I wish upon you ample doses of pain and suffering." — Jensen Huang, founder & CEO of NVIDIA, at Stanford. His logic: greatness isn't intelligence - it's character, and character is forged in people who suffered.

II.

"When I play with my cat, who knows if I am not a pastime to her more than she is to me?" — Michel de Montaigne, Essays, 1580

 

ONE ACTION:

The two-page test. Split a sheet in half. On the left, describe the company you’d build. On the right, describe your ideal cat life. Be specific. Write for 20 minutes. Whichever side you’re still writing on when time runs out is your answer for this season.

 

Play to Win!

Ludovic Bodin

3x Entrepreneur, 2x Unicorn Investor, 1x IPO
Founder of BOBIC Generational Wealth
Author of Atomic Scaling

 

PS : I paint so I feel. Sometimes I feel what I can't think yet. The canvas gets there before the sentence does. Last week I introduced you to Bull. At our vernissage in Paris, its counterpart hung on the opposite wall, facing it across the room: Cat. Not motivated by external achievement. It lives to play. 

As happy inside, sleeping and dreaming, as outside, contemplating and chasing. It's a short life, the life of a cat. So despite all the excitement, all this talk of bull energy, you always have the choice to live a cat life. No judgment here. Neither one is better or more honorable. It's just a game, at the end of the day. Your choice.

 Cat, by Wang Bodin Studio: Play to Love, Love the Play!

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