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I've made INC500 more times than I care to count from Bootstrapping from ZERO to way PAST 10 million in revenue. (multiple times) Here's what's funny to me almost all the advice you get about company building is wrong, and almost every idiot and their mother wants to tell you how to build your software, how to run your company -when they themselves can't do any one of these jobs. That's why their decisions are so bad. the lack details, technical complexity, legal complexity, operational complexity, and so much more . remember the facts. INC500 awards are solely based of revenue (proof of revenue) and you can't BUY you way into the list. and Fewer than five percent of all businesses in the US grow to be more than $1 million in annual revenues. And fewer than one percent make it to $10 million. Here yet another professional Founder who agrees with me, the recipe for startup building is broken. 🛑 listening to the village idiots. They're killing your startups and you're too dumb to see it. https://lnkd.in/eYbXmDZT
Can I get a #7, plain, with a coke. Is the McFlurry machine working? Yeah, I’ll take a Reese’s.
1moHe’s talking about building a business not a startup. Startups aren’t businesses and they aren’t really meant to be until after the assault. Startups are businesses that heavily capitalized to operate at a loss for a sustained period of time to over leverage the advantage to a consumer. Once you driven your enemies before you, then you pivot to a business at scale and look for monetization. We need a new word for what we’re calling a “startup,” versus what a startup actually is. Which if anything we’re just tech enabled SMBs until we’re not, because the goal isn’t the same.