4 ms·
The secret to success and not bleed cash is business 101: - Sales and Marketing all the way. Nothing else. - Go to $10 from the beginning (you are starbucks o
by mauricio-OH 12y ago
The secret to success and not bleed cash is business 101:
- Sales and Marketing all the way. Nothing else.
- Go to $10 from the beginning (you are starbucks of lemonade)
- Accept: free cash, PR, licenses, new locations
- Reject: Anything that gives away equity or royalties
260k in cash
15.9M valuation
http://cl.ly/image/2m1F161B1w2B http://cl.ly/image/2m1F161B1w2B
- phpnode 12y agomore business 101 - after showing initially good results and establishing confidence, drop your prices to unsustainable levels (i.e. $0) to drive growth and inflate your valuation, then make a swift exit. This strategy netted me ~$200k + $90m+ valuation.
- chadcf 12y agopssssh I had $66k in cash and a $33 million valuation by basically randomly clicking and assigning things and never changing my price. Also accepting every popup offer that came along.