4 ms·
Three months? Can you share any data or case studies around such a number? Part of me finds it unbelievable (and part of me really wants to believe). From a lo
by q7xvh97o2pDhNrh 3y ago
Three months? Can you share any data or case studies around such a number? Part of me finds it unbelievable (and part of me really wants to believe).
From a look at the two books mentioned here, though, neither seem to clear that bar.
Zero to Sold is about FeedbackPanda, which took 2 years. (Still impressive.) And Company of One, from a skim, appears to focus on services businesses — totally reasonable to get to six-figure revenue and therefore seven-figure valuation, but not terribly interesting as product companies and fairly difficult to exit via a sale.
I'd love to see some case studies of the 3-month number. The more I think about it, the more possible it seems (with a fair bit of luck).
- ysavir 3y agoI think they mean join a company within 3 months of its founding, to max out shares/options.
- foolswisdom 3y agoAs I read it, the working for someone else (a company) is the alternative, for the case in which you can't get profitable in 3 months.
- HeyLaughingBoy 3y agoThe rationale behind the 3-month number is that most people will need an income by that time since savings will have run out. It's entirely possible to start a service-based business and be profitable from day 1.
- solresol 3y agoBoth the services companies I started were profitable within 8 weeks. (6 and 8 respectively.) One was sold 14 years later, the other is still going. Services companies are very fast to get started, and very easy to make profitable. Building a product company on the other hand...