Discover and read the best of Twitter Threads about #founder

Most recents (24)

A @Shopify app sold for $2,800,000 💰

Here are some key details about the business that might help you build a valuable SaaS business too: ️
💰 Solved a significant pain point for merchants by accurately helping customers determine their size, which reduced return rates.
💰Featured a 5-star rating across 600+ reviews. ️
Read 5 tweets
Looking for an inspiring success story?

@FEIntl recently posted an article featuring @AJAgrawal24.

Here's how he launched, built, and made a high 7-figure exit from his wildly successful CBD business @VermaFarms.

⬇️
1/ Agrawal launched @VermaMedia, a business that allowed him to hone his marketing skills.
2/ He began struggling with sleep, so he turned to CBD. It worked.
Read 14 tweets
An affiliate site founder made an 8-figure exit!

Wish I could share all the details, but here are 5 insights that I *can* share...
1. Featured 10 years of operational history
2. Held a dominant position in the business name generator and domain marketplace niche
Read 6 tweets
I see so many #Space and #defense contractor #founders enamoured with their tech. But ask them "Who's your customer?" and guess what? They have no idea. A business without a customer isn't a business!
Every business needs four systems. Your business is no different. Don't tell me it is, because it is not.
The first system EVERY business needs is a #leadgeneration system. Eyeballs have to come from somewhere to see your offer.
Read 13 tweets
Here’s how I went from hustling 16 hours per day, 7 days per week (and ruining literally all of my relationships)

…To tripling my PROFIT while spending 90% of my time in my zone of genius and eliminating anything other than the stuff I choose

🧵 🧵 🧵
Hi - my name’s Lauren Tickner… and I’m an entrepreneur and founder of a multi-million dollar business.

If you spend 2 minutes with me here, I’ll break down exactly what I did to get my time back and finally get to live a little… 👇
As entrepreneurs, we tend to…

👉🏼Have dozens of great ideas each week and want to do them all right now (aka yesterday)
👉🏼Know that the job will be done right if you do it yourself
👉🏼Have goals so big that other people think you’re crazy
Read 17 tweets
As much as I love everyone FINALLY embracing remote work from anywhere, been in this game for a while now…

In 2016, I set out to build a globally competitive AI #startup from Sault Ste Marie, Canada.

Here’s how that went:
I had a vision.
I had a dream.

I wanted to revitalize a steeltown with tech.

I wanted to prove that you could build best-in-class tech from ANYWHERE in the world. In 2016.

I was proven wrong.
I was literally laughed at by Toronto investors.

Most Waterloo investors didn’t believe my dreams could be possible up “North”.

I ultimately determined that local Soo investors would have been more likely to fund a cupcake shop than deep tech AI; despite endless attempts.
Read 13 tweets
Our average SaaS multiples are:

4.0x-6.0x for businesses under $2M
6.0x-10.0x for businesses over $2M

Want to know what it takes to increase your multiple?

Do these 5 things:

⬇️️
1. Documentation: maintain clear and complete financial records. Hire a professional to help you from day one.

⬇️️
2. Operating procedures: anyone should be able to look at your standard operating procedures (SOPs) and know how to run your business.

⬇️️
Read 7 tweets
E-commerce business sold for $1,116,000! 💰

Here are some of its features that attracted offers:

️⬇️️
High-quality, private-label hosiery alongside an expanding range of beauty products.

️⬇️️
Dozens of high-quality SKUs driving 25% customer repeat rates.

️⬇️️
Read 7 tweets
Know a lot about bugs? Well...pest control?

One founder did and made a 7-figure exit from their affiliate site.

Details below...

⬇️
🎯 Rapidly growing content business in the pest control niche, an industry forecast to generate $27.6B in global sales by 2025.

⬇️
🎯 Lucrative affiliate, display advertising & lead gen partnerships (the latter recently re-negotiated from $8/lead to $12/lead).

⬇️
Read 8 tweets
A mistake I see founders making?

Failing to optimize for their exit.
-No metrics tracked
-No financial records prepared
-No idea what they want/can get for their business

Fix that with these 6 tips:
⬇️
1) Reduce churn.
Most can improve churn rates by improving their onboarding process, increasing customer service efforts, updating FAQ pages, and adding help articles that keep customers informed.
⬇️
2) Outsource development and support.
A ‘passivity premium’ and a non-technical premium can be attached to SaaS businesses that have effectively and reliably outsourced development and customer support.
⬇️
Read 8 tweets
Books every Entrepreneur, Founder, and Angel Investor should read this weekend.
A thread 🧵
(I) High Growth Handbook: Scaling Startups From 10 to 10,000 People by Elad Gil

Recommendation from Peter D. Spradling, Co-Founder & COO at Marco

“The bible for early stage companies.” High Growth Handbook:  “The bible for early stage companie
(II) Start With Why by Simon Sinek

Recommendation from Noah Shapiro, Co-Founder at Boober

“A great framework for staying grounded in the unique reason you created your business and maintaining inspiration throughout the journey.”
Read 7 tweets
A million-dollar lesson I learned from Jeff Bezos is the concept of “Disagree & Commit”

🧵 This 30 second thread breaks it down practically
A few years back...

👉 I was exhausted from constantly having to tell my team what to do and how to do it
👉 my income was stuck because if I was serving my clients I was not selling
👉 I was getting refund requests because if I was selling I was not serving my clients
I felt like the people who told me that my “little business idea” was stupid were right and that there was no real way out for me.

Fortunately, I do not give up so easily (you’ll know if you’ve seen me in the gym lol)
Read 15 tweets
Over the last 5 years I've slowly transitioned, with occasional painful moments, from academic #research to founding a #startup. Here's what I've learned as a #PhD turned #founder, a thread 🧵:
Step one of this journey, leaving #academia in the first place, was one of the hardest parts. It's a big leap to take, which I previously wrote about here:

andrewmao.substack.com/p/leaving-acad…

This thread reflects on how everything changed after that.
I've never played #dnd, but I think the idea of dual-classing in D&D aptly describes a PhD-founder:
Read 38 tweets
Options are limitless to start the entrepreneurial journey. It can be a struggle to decide where to start.

Here is a way to start taking action and getting clarity.

Take one idea and do a 30 day test.

Read the 🧵 to get started ..
First, set a few simple milestones. Examples:

1.) Build prototype or wire frames,

2.) Talk to X # of customers,

3.) Launch a landing page and land X number of inbound leads, etc.

Make the milestones as tangible as possible. Not just getting random opinions.
Next, execute on those milestones for 30 days and hit them.

The key is to execute like this is your permanent commitment.

Focus is important to get a personal feel for the business.

If you’re still working full time, calibrate the milestones to what can be achieved.
Read 6 tweets
The role of a #founder & #CEO needs to evolve over time and be aligned with #startup’s stage of maturity.

4 questions for 4 stages to help you focus:

How? —> #Idea stage
What? —> #Product market fit stage
Who? —> #Scale stage
Why? —> Big company stage

Thread 👇
#startups
1. #Idea stage. How?

“How will we make this idea a reality?”
This includes nailing down the pain in the market and articulating how you’re planning to cure that.
2. #Product-Market fit stage. What?

“What is the #market telling us?”
This includes looking at product-market fit indicators and iterating your #solution. If you’ve nailed the pain and know what are leading indicators of #PMF - this stage is actually easier than perceived.
Read 5 tweets
Well,

CA Se Door Raho -

CA Ko Nikal Do -

But this is how me as a CA as well as other CA/CS around me have added value to #Startups and #Angel #Investment
#SharkTankIndia #startupindia #SharkTank ( 1/n )

@namitathapar @amangupta0303 @Ashneer_Grover @peyushbansal @vineetasng
Angel Investors commit to invest in Startups without having any knowledge that there is a deemed "Angel tax" on premium paid on equity u/s 56(2)(viib)

I have saved 200 Cr+ on tax on such hasty decisions taken by #Investors by applying for #Angeltax exemption #startupindia
(2/n)
The Deal by #Sharks is followed by Term Sheet and Share Holders Agreement

As a CA/CS our role is to educate the #Startup #Founder about the clauses like Buy Back, Drag along , Anti-Dilution and Liquidation preference

#SharkTankIndia #SharkTankIndiaOnSonyTV
Read 6 tweets
6 Things that I’ve learned as a startup founder from the 6 games in the recent Netflix hit
Squid Game 🦑 !

Here we go 👇🏻

#squidgame #startup #founder
#1 Green Light; Red Light ✅❌:

First mover advantage -
You get to the finish line faster without much competition

First mover disadvantage -
Competitors will be learning from your mistakes and play better.
#2 Honeycomb 🍯 Cookie Game

Any decisions/plans/strategy you make early on in your startup matters.

However, nobody knows if it works or not.

Be patient in execution.

Learn from others during the process. (Lick the cookie 😂)

Fight until the very last second.
Read 8 tweets
Today's question is on hiring and scaling a startup: Is it advisable for small companies or startups to hire a temporary consultant to build a team of developers and designers?

#agilemethodology #hiring #startup #scale #chieftechnologyofficer #cto #founder
If you’re hiring for more than 5 people, I’d personally hire a CTO, CPO or find a co-founder with prior experience in building teams first, and then work with a recruitment agency.
Because hiring or filling headcounts is not the end goal, you’ll need to make sure the new people are onboarded properly, and they have a roadmap to work on.
Read 4 tweets
How did the inspiration of @_SocialSX come into fruition?

"A cloud based social media platform to connect people with healthcare providers around the world".

The story 🧵
It all started with 200lbs lost, 11+ surgeries, health issues and community.

I could not find any information on any platform and when I did I had to go get user insights in real time. Having users everyday people be support was 100% better then the provider insight.
So Social SX was created and the community grew taking over the platform for Healthcare resources and information.. and best thing about it?? They NEVER had to leave the group for anything. Everything was in one place at the click of a button.
Read 15 tweets
Freelancer Platforms like #Fiverr, #Upwork & #Freelancer dot com must list specialization, exercise and #product from #ProductHunt to let the Clients directly pay for #subscription & streamline taxes on the freelance platform. Given an example, Specialization is Image
UX Research. Exercise is Card Sorting. Product is Optimal Sort. This will promote new products by Specialists & #Influencer. This will improve search by specialization, exercise and product. This will help the client with planning and cost management of the project. #startup
Read 3 tweets
@Lumikai @SaloneSehgal Most of the games fundamental building block is Screenplay, Storyboard & Plot. Do you have any seed funding program for grass root comic artists? Seed funding to 3000 individual comics artist in the search of 1% good stories is much cost effective than
spending on 3000 production artist working on a game with a story that have never been tested in the market. #game #gaming #gamedev #gamedesign #comics #funding #investors #startup #incubation #avgc #founder #screenplay #Screenwriter
Read 3 tweets
#NationalSecurity Wrong man was chosen for role of #founder #CDS. Q is whether it was appropriate to raise NSA position to full Cabinet rank & thus reduce NSA's access to contrariarian professional opinion from within/outside Govt. Diverse opinions is only solution to uncertainty
2/ns The qualifications for a founder CDS included, (1) knowledge of all dimensions of war; land, air, sea, (2) Capability in Strategic thinking & methodology, (3) Familiarity with, & ability to understand, frontier technologies(eg hypersonic, lasers), (4) Geopolitical interest
3/ns There is a big diff btwn single-point advice and single-uniform advice. A National security advisor must present alternative views & options, before giving his own advise on which he thinks is best option. If all he receives are views similar to his own, diversity is lost!
Read 6 tweets
Being an entrepreneur is often depicted as "loving to live in an emotional roller coaster"...

Let's talk about the cost of it
& what the ones we love, wife, husband, kids, parents, ... endure
1/9
I keep thinking that I am an operator, a builder,
that I've always been building right,
and that every move I did had a sense! #vision
2/9
But, after 5months far from my wife, my kids,
so close to join them back to France,

I got notified today that it will be impossible for me to board next week without a 72h covid test
- while it requires at least 5 to 10days to get the results in the US atm. #CovidTesting
3/9
Read 9 tweets

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