this little thing called startup
Recent realization #1: There are very few people in this world who can actually start a technology company. Going from idea to company to product to market to iteration to revenues is very, very hard. That's why the returns in this space are so outsized for the winners.
Recent realization #2: There are even fewer people in this world who can start a technology company and grow it to >$5M in revenues. Most tech startups fail before that hurdle, which indicates that a business model has begun to emerge, a product development process has become somewhat repeatable, a customer need is being starting to be met, and a sales engine is showing some signs of life. Again, that's why the returns in this space are so outsized for the winners.
Recent realization #3: There are even fewer people in this world who can start a technology company and grow it to double digit millions in revenues. You're playing in the major leagues now. The model is in place. The products work. Still a lot to figure out, but the foundation has been laid. Again, that's why the returns in this space are so outsized for the winners.
Recent realization #4: There are even fewer people in this world who can start a technology company and grow it to triple digit millions in revenues. You've made it to the all star game now. Growth is the game; scaling margins is the playbook. Again, that's why the returns in this space are so outsized for the winners.
What does it take to pay at these levels?
Recent realization #2: There are even fewer people in this world who can start a technology company and grow it to >$5M in revenues. Most tech startups fail before that hurdle, which indicates that a business model has begun to emerge, a product development process has become somewhat repeatable, a customer need is being starting to be met, and a sales engine is showing some signs of life. Again, that's why the returns in this space are so outsized for the winners.
Recent realization #3: There are even fewer people in this world who can start a technology company and grow it to double digit millions in revenues. You're playing in the major leagues now. The model is in place. The products work. Still a lot to figure out, but the foundation has been laid. Again, that's why the returns in this space are so outsized for the winners.
Recent realization #4: There are even fewer people in this world who can start a technology company and grow it to triple digit millions in revenues. You've made it to the all star game now. Growth is the game; scaling margins is the playbook. Again, that's why the returns in this space are so outsized for the winners.
What does it take to pay at these levels?
- Focus -- honing in on that customer need and going at it, and at it, and at it
- Learning -- yet adjusting along the way as you iterate, observe, analyze, and absorb feedback from the market
- Perseverance -- sticking with it through ups and downs and ups and downs
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