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How I Would Grow a Startup from $0 to $1M ARR
The bootstrapped way
I have been associated with a number of startups.
Most of them failed. Some are still struggling.
The one thing I find common among all the failed startups I have been privy to is:
Obsession with the product
Oh, we are building the next OpenAI
We are revolutionizing the healthcare industry
Our TAM is $2.3 trillion
Our tech is the most advanced on the market
Our AI-powered approach will cut through the deficiencies in the industry
We are changing the way data is analyzed
We are building the future of workflows and automations
I’m sure you’ve heard all of that before (if you are close to startups). And they all have the same thing in common — obsession with the product.
Now, here is the trick…
If you are going to take that direction, you better be sure you can raise huge cash in funding. If not, your chances of success are slim.
Startups that are obsessed with their product only succeed IF they raise significant capital (and a few other factors play well in their…
