“I’d rather not lose the deal.” “And since I have a low overhead…I think I’ll price lower than my competition.” “That way at least I’ll get more customers upfront. Right?” Wrong!
If investors give you money to grow… Are you still able to sell your business later on? I’ll let the numbers speak for themselves… 96% of funded companies also exit by acquisition.
Do you know the best and worst thing as a founder? It’s when your customers LOVE your product so much… That they NO LONGER need it. Yeah, that’s right… Good ol’ “happy churn”.
Imagine going into business with your brother or sister. You start a SaaS with them, scale the company, and successfully exit. Then, because you loved it so much… You do it again. Insanity? Apparently not.
Attracting and converting perfect-fit buyers is no walk in the park… Especially when your product is a marketplace for TWO very different customers. And your top paying customers come from Fortune 2000! These were the issues Leon was afraid of when we jumped on a call the other day. Leon @handshakr.com has built an awesome company that connects SMB technology
If you’re trying to build a SaaS, you’re wasting your time. You should be building a TEAM. A team of talented developers, marketers, customer success agents and salespeople… Then that team will build your SaaS.
I’m super pumped. Why? The other day, my life-long buddy Martin asked me: “Uh, Dan… what exactly is a SaaS?” I think he was a bit embarrassed to ask.
Let me demystify this complex, confusing strategy they call: Startup Funding Rounds. Yeah, you’ve heard the words thrown around before. “We’re raising our series B”, and “I’m looking for a pre-seed angel investor” or “We’re gearing up for an IPO”… They may as well be talking another language, right?
“Talent is everywhere, opportunity is not”. This is a quote from my latest Escape Velocity Podcast guest, Marvin Liao, formerly a partner at 500 Startups. 500 Startups is a venture capital fund that runs an accelerator in San Francisco and invests in seed rounds for tech startups.
If you want to start a new SaaS business in 2021 without tearing your hair out, my advice is: Find a co-founder. You shouldn’t have to do it all on your own… and it’s better that you don’t.
How To Go From $1K To $10K MRR In Just 3 Months With The A.C.E Growth Engine™
