UDEHA

Melanie Perkins

She did not wait for permission. She built the thing that made permission unnecessary

Set the goal too big to reach directly, then find the small dull business that funds the years it needs

Canva · Fusion Books

  • Brand
  • Consumer products
  • Design
  • Distribution

The pattern they actually represent

Perkins holds two things at once that most founders treat as mutually exclusive. She sets a goal large enough to sound unserious, and she pairs it with the smallest, dullest business that can keep her alive long enough to reach it.

The large goal came first, and she kept it literal rather than aspirational. Told what the bar was for raising money, she treated it as a specification instead of a figure of speech.

Then came the unglamorous half. In 2007, from her mother's living room in Perth, she and Cliff Obrecht started a company that sold school yearbooks. Not a detour from the real plan and not a lesser version of it — a revenue-funded proof of the exact thesis Canva would later run at scale: that people who are not designers will do their own design work the moment the tool stops requiring them to be designers first. It worked. It became the largest yearbook business in the country. Most importantly, it paid for itself, which meant no outsider's opinion could switch it off.

That pairing is the whole pattern. A goal too large to reach directly, attached to a beachhead small enough that nobody's approval is required to start it. The beachhead is not a compromise on the goal. It is the machine that buys the years the goal actually needs.

What the pairing produced, more than anything, was an unusual relationship with being told no. Perkins was rejected by investors more than a hundred times before Canva raised its first round. That number is normally reported as a story about grit. It is more useful read as a story about structure: each no arrived at someone with a working business behind her, so it landed as information rather than as a verdict.

The blockage it speaks to

This is the entry to read if you are avoiding the ask.

Fear of rejection rarely announces itself. It arrives disguised as sequencing — you will approach them once the product is further along, once the numbers are better, once you have something undeniable. The plan sounds like diligence. What it actually does is delay every rejection into one enormous, load-bearing moment where a single no can end the whole project.

That is why the ask feels so heavy: you have quietly arranged your affairs so that it is. When one conversation carries everything, refusing to have it is the rational move, and you will keep finding excellent reasons not to have it for as long as the structure holds.

Perkins inverted the structure before she ever had to be brave. Because Fusion Books generated cash, no single investor conversation was decisive. She could hold a hundred of them. And a rejection that cannot end you stops being a judgement of your worth and becomes what it always literally was — one person's read, on one deck, on one afternoon.

The visibility problem dissolves the same way. Being seen is only dangerous when being seen wrong is terminal. Build the thing that makes it survivable and the fear stops being load-bearing.

Three moves you can steal

Write the goal at full size, then work backwards to the least impressive thing that funds it. Not a smaller goal. The same goal, plus an honest answer to "what pays for the next three years". Founders skip this step because the funding half is boring, and the boring half is what converts a large ambition from a wish into a plan with a runway.

Make the ask small enough to repeat. One pitch that must land is a bet. Forty pitches is a process. If your current plan has a single decisive conversation in it, your first task is not to prepare harder for that conversation — it is to build the circumstances where you can afford to have it forty times.

Treat every no as an edit. After each rejection, Perkins and Obrecht went back and reworked the deck. Not the resolve, not the mindset — the artefact. This is what makes rejection compounding instead of corrosive: it produces a specific, mechanical change to a specific document, so the fortieth version is genuinely better than the first and you can see the evidence.

Where the pattern breaks

The strategy wins reach first and defers the money conversation, and that bill arrives all at once. In September 2024, Canva raised prices for some Teams subscribers by as much as several hundred per cent. The reaction was severe enough that within weeks the company partially reversed course and issued a pricing commitment protecting earlier customers.

That is the recorded cost of building a very large low-priced base before the model is settled: you do not get to raise prices gently afterwards. Decide early what the paid tier is worth.

What to do this week

Find the decisive conversation you are currently avoiding — the investor, the buyer, the partner — and write down what happens if it goes badly. If the honest answer is "the project stops", you have diagnosed a structural problem, not a courage problem.

Then spend the rest of the week on the boring half. What is the smallest thing you could sell, to someone already reachable, that would cover your costs and take that conversation's power away? Give yourself an afternoon and a number, not a strategy document.

It will feel like a step away from the real work. It is the step that makes the real work survivable, and it is the one Perkins took first.

In their words

People said that to raise venture capital, we had to have a billion-dollar idea. And I took it very literally.
Fortune · 2022
Every time we were rejected by an investor we would go through and refine the pitch deck again.
Women's Agenda · 2024
Patience, to me, sounds like you're sitting on the side of the road just hoping things will happen.
Fortune · 2022
As soon as you stop dreaming big dreams, you become an old company.
Fortune · 2022

Turning points

  1. 2007Starts Fusion Books with Cliff Obrecht from her mother's living room in Perth
  2. 2013Canva launches publicly after years of being told the idea was too ambitious
  3. 2015Canva for Work ships — the first paid tier, and the first real revenue model
  4. 2024Canva buys Affinity and Leonardo.Ai, moving up into professional tooling

What it speaks to

Read more in the Library

Others worth studying

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