Alex Hoff quit the company he'd been working at for 9 years. He gave himself 6 months to launch a startup. Even though he got the co-founder of a public company to join him and raised $6M out of the gate—it took him 3 years to make his first sale. But after he shifted from selling to SMBs to selling to MSPs (Managed Service Providers i.e., outsourced IT), things took off: April 2015 - $1K MRR August 2015 - $10K MRR June 2016 - $100K MRR Nov 2018 - $1M MRR ($12M ARR) And growth never stopped—soon, he'll cross $100M ARR. Alex and his co-founder did many things differently. They came up with an idea by starting with markets, not customer problems. They raised a lot of money upfront and built a sophisticated product instead of an MVP. And they deliberated cultural values before making their first hire. Clearly—it worked. Listen to the full episode here:
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We asked Founder & CEO of acquire.com, Andrew Gazdecki about the toughest moment in his entrepreneurial journey and how he overcame it. From his first-ever startup Bizness Apps to his current thoughts as a CEO, here's what he had to say. Acquire.com to get started!
Entrepreneur Talks with Founder & CEO, Andrew Gazdecki
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Roee Adler (ex-WeWork) was part of 4 successful startup exits — but also had to pull the plug on 3, including his latest one. He says it’s these startups that really shaped his own growth. One of his biggest lessons? Knowing when to call it quits. He used these two pivot signals to make his decision: 1. How far are we from our success metrics? 2. Can we realistically close the gap in time? We know it’s tough to think about — so we tapped Roee to share his own playbook to confronting, embracing, and challenging failure. This and more on Unfinished Business 👉 https://lnkd.in/etc9zSe4
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1rst time founder - get $1 for my startup, i'll take it 2nd time founder - get to $10k MRR, big win 3nd time founder - raise seed, series A/B, aim $1-10M valuation.. huge! all of them are fine, but the best in my opinion is to maximize the revenue/work_time ratio.. implies having systems, teams & processes this way, you can launch multiple successful products without having to exit, re-start from scratch what's your take on this?
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If you feel like the ‘unicorn or bust’ playbook isn’t for you, then this episode definitely will be. Rand Fishkin is a multi-time founder and published author of Lost and Founder. He founded Moz, raised $29M in VC, grew to $50M in revenue and exited for $70M. But he ultimately realized that the VC-backed life wasn’t for him. So he went on to start SparkToro, a profitable 3-person startup that does $2M in revenue and takes only 30 hours a week of work. For those of us in the VC-backed startup world, it’s a totally different way to play the game. It won’t make you a billionaire. But it very well may make you $10M— with less stress, less work, and less risk. If you want a transparent account of the pros/cons of a venture-backed vs a bootstrapped startup, check this episode out. Listen to the full episode here:
He gave up on chasing unicorns. Now he earns $500K+/year from his 3-person startup. | Rand Fishkin, Founder of Moz & SparkToro - A Product Market Fit Show
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🚨🚨🚨We just released Episode 4 of Code To Market with Hank Taylor In this episode, we discuss the biggest wastes of money for devtool startups, plus how to think about design partners vs contractual commitments. Bonus topic: another boring launch. Check it out!
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Having a diverse board of advisors as a founder can lead to immense growth. Not just for your startup, but for you and your exec team. Rami Albatal realised there were knowledge gaps within his team and secured two advisors after joining Connectd. Since then, he feels his business is now investor ready - watch below as he shares more👇🏻 #Founders #Startups
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How you manage your cash can make or break your startup, but no one ever tells you the best way to do it. Until now! As the business account of choice for 1 in 3 US startups, we know a thing or two about optimizing your cash and extending your runway, and we’ve laid out our recommendations for the post-SVB reality here: https://bit.ly/45PTBOg
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🚀 Founders and Startups! 🚀 Check out our latest blog on the new rules of startup banking. 🔍 What should startups look for in a banking product? 🏦 Should startups have multiple bank accounts? 💡 How should founders evaluate treasury products to extend runway? #Startups #Founders #Banking #Fintech #Treasury #StartupGrowth #Brex
How you manage your cash can make or break your startup, but no one ever tells you the best way to do it. Until now! As the business account of choice for 1 in 3 US startups, we know a thing or two about optimizing your cash and extending your runway, and we’ve laid out our recommendations for the post-SVB reality here: https://bit.ly/45PTBOg
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As I meet many new incredible founders launching startups, I'm constantly going back to this message from Eran Bielski GP Entrée Capital about mission-driven founders. Mission-driven founders are a different breed, it's what keeps them going when it's rough and want to give up. There's no real way to see if a founder is or isn't but usually, it's something from childhood, or a chip on the shoulder, that makes them have this mission and change the world. Link to the full episode in the comments
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