Kazi
@kazi
Biz needs to be wildly successful to sell.
Couldn’t be further from the truth.
Matt Lee
@mattlee
@saymore
Author Reply ❌
Farcaster Comments
Ben
@0xbenersing.eth
⭐ Threadstarter
Serial founders…
What’s the biggest misconception you had the first time around about building a business?
And what do you think future you would say your current biggest misconception is?
Gregor
@gregor
That it would work, and funding a business on credit cards was a totally ok idea.
Ben
@0xbenersing.eth
Yikes. Sorry to hear that. Did someone suggest that route?
Gregor
@gregor
Na, my dumbass. Not huge debt, like 10k. GitHub and Airbnb were funded by binders full of credit cards. So I thought I was being conservative.
2nd lesson, focus on team over product, especially on first startups. Find people ur happy spending 16hour days with
Sheldon Trotman
@sheldon
When I started:“build it and they will come.” Distribution matters just as much if not more. A shit product with A+ distribution beats out an A+ product with shit distribution.
Future me about current: take care of your body and get more sleep. Working on this now but it’s hard to not feel like im falling behind
Ben
@0xbenersing.eth
So true.
I tell myself it will be a lifelong journey to find that balance.
Kazi ⚔️
@kazi
Acquihires
Sale on revenue multiple
Strategic acquisition
Software IP sale
If you can convince another startup in your vertical that squiring you would accelerate their GTM efforts because of XYZ
Or convince a private buyer they can turn around the business and it’s already doing X in revenue.
Cameron Armstrong
@cameron
@remindme 2 days
RemindMe
@remindme
📝 Noted! I will remind you about this cast in 2 days 🫡
Cameron Armstrong
@cameron
Preview is that single cast or few cast responses will be saved as a valid response to Saymore requests 🫡
Jw
@epicsuperstar
I’ll be happy when we get our exit
RemindMe
@remindme
👋 @cameron you asked me to remind you about this cast in 2 days 🫡