Michael Houck
The founder who got out.
In sixty words
Michael Houck is a founder and investor in Charleston, South Carolina. He spent nine years building products at Airbnb and Uber Eats, co-founded Launch House and raised $23M including a $12M Series A from a16z, then walked away when the last round priced the company at nine figures. He now owns Rye Valley, a holding company of four businesses with a team of nine, and writes Hard Calls, a weekly newsletter read by 58,000 founders.
By the time I hit 30, I had spent nearly a decade in Silicon Valley doing the things we are told lead to freedom. I started with no connections.
I built hypergrowth products at Airbnb and Uber Eats, and helped Uber Eats scale to $10B in bookings.
Then I co-founded Launch House and raised $23M, including a $12M Series A from a16z. The final checks came in at a nine-figure valuation.
By every external measure I was killing it. I was also increasingly miserable.
My cofounder and I were butting heads. A hit piece about my company went viral and Apple News pushed it to a hundred million people. Two years of brand-building gone overnight. I was in the worst shape of my life.
When I sat with what had actually gone wrong, the answer was underneath all of it. I had been making the decisions that looked right to everyone else instead of the ones that were right for me.
I could tell you my conversion metrics to two decimals. I could not tell you what evidence would have changed my mind about my own company.
So I made the hardest call of my life. I set up a new LLC with $10k in it, ended my marriage, scouted twenty cities, and moved to Charleston, South Carolina, where I knew nobody, to build a life that was mine.
It was not a leap of faith. I wrote down the worst case, counted every currency, and the old life was failing in four of the five.
Today I run Rye Valley from Charleston, a portfolio of companies I own outright. It has done over $4M in revenue. I am down 80 pounds. I am engaged.
Every week I write about the decisions I am making inside those businesses while I am still making them. What I am building, what I am charging, what worked, what I got wrong.
And what I think is about to change for founders, because the ground is moving faster than the advice is. The numbers are real and the mistakes are mine.
Got out does not mean gave up. I have seen behind the curtain, I kept the parts that were real, and I am still building.
I write it all down on Sundays. Get it free
The record
Facts, in order.
- 2014 to 2019
- Product at Airbnb (Airbnb Plus) and Uber Eats; Uber Eats scaled to $10B in annual bookings during his tenure
- May 2020
- One of 1,900 people in the Airbnb layoffs
- 2020
- Co-founded Launch House with Brett Goldstein and Jacob Peters
- Aug 2021
- Launch House raised $3M (TechCrunch)
- 2022
- Launch House Series A: $12M led by a16z; $23M raised in total; last round priced at nine figures
- Mar 2023
- Stepped back from Launch House
- 2023
- Started over with a new LLC and $10,000; scouted twenty cities; moved to Charleston, South Carolina
- 2023
- Started Founding Journey, the newsletter that became Hard Calls
- 2024 to 2026
- Built Rye Valley: Megaphone, JOLT!, Lore, Hockey Stick
- 2026
- Rye Valley: team of nine, combined revenue past $4M, run from Charleston
- Investing
- Early checks into 60+ startups, including Figure and beehiiv
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