@hridoyreh If you dig deeper, there’s an even more hidden formula: 200 users @ $200/mo
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Baird
7.4K posts
Baird
@BairdHall
Builder | Chief Growth Officer @churnkey Rebuilding @zubtitles w #ai | Founder @Wavve (acquired) | 2 failed co's | Girl dad | ⚾🏀fan | Proverbs 18:13 ✝️
Charleston, South Carolina Katılım Eylül 2009
579 Takip Edilen2K Takipçiler
Y Combinator HIDDEN formula.
100 users, $100/m, and $10k MRR.
The Startup Playbook:
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You can just say stuff… as long as you ship some form of an agent
Okara@askOkara
Today we're introducing the world's first AI CMO. Enter your website and it deploys a team of agents to help you get traffic and users. Try it now at okara.ai/cmo
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Okara just dropped the world’s first AI CMO.
Enter your website and it instantly deploys a full team of agents (SEO, GEO, Reddit, HN, X, AI writer + more) to drive traffic and users for you.
No more agencies. No more 10K/mo humans. Just plug in and grow.
Okara@askOkara
Today we're introducing the world's first AI CMO. Enter your website and it deploys a team of agents to help you get traffic and users. Try it now at okara.ai/cmo
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What is Zohran Mamdani’s plan to stop the Dodgers
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Kentucky could have put the game away right there…two bad defensive sequences plus bad shot by Lowe and miscommunication turnover and it’s game on again
Terrible minute in a key situation
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Baird retweetledi
"Capitalism created the possibility of the win win win. It used to be a zero sum game where somebody won, somebody else lost.
The biggest mistake people make, intellectuals in particular, they still think we're in a zero sum world. They're obsessed with some billionaires because Bernie Sanders thinks that Jeff Bezos and Elon Musk somehow stole the money from the people.
They don't understand that it's this prosperity machine that's creating more, not just for those billionaires, but for everything that they're touching. They're creating value for their customers, they're creating value for their employees. Their suppliers are flourishing, their investors are seeing their capital go up. It can be reinvested and compound.
All philanthropy ultimately comes from business. That's where the profits are.
Where does all the taxes come from? It ultimately comes from business as well.
This is the engine that's lifting humanity out. The entrepreneurs are the drivers of that engine. Somebody like Elon Musk, he gets a very, very, very tiny sliver of the value that he creates for the whole world."
—@iamjohnmackey
David Senra@davidsenra
My Conversation with John Mackey (@iamjohnmackey), co-founder of Whole Foods Market. 0:00 Fanatical Entrepreneurs: Why Work Feels Like Play 2:18 The Missionary vs. Mercenary Co-Founder Conflict 6:16 The Shirtless Hitchhiking Hippie and Johnny Rockefeller 8:12 Entrepreneur Confidence: Solving Puzzles and Cracking the Code 10:19 Flying Under the Radar: How Supermarkets Ignored Whole Foods 10:52 Venture Capitalists Are Hitchhikers With Credit Cards 14:03 Builder Entrepreneurs vs. Serial Entrepreneurs 16:31 Time Is the Only Filter I Trust 20:52 How Walmart Accidentally Fueled Whole Foods' Success 24:01 The Jaw-Drop Effect: When Customers First Walked In 27:17 Growth Through Acquisition: Building Geographic Platforms 29:19 Secret Allies: The Natural Foods Network 33:17 Mrs. Gooch's and the Revelation of Scale 34:52 Missionaries Sharing Financial Statements and Building Friendships 38:10 Never Competing Head-On With Friends 41:22 Going Public and Creating Liquidity for the Network 42:00 Continuous Learning: The Michael Dell Principle 44:10 Steve Jobs and Spotting Markets With Second-Rate Products 46:50 The Joy of Watching Team Members Become Millionaires 48:09 Capitalism: The Greatest Thing Humans Ever Invented 55:59 Cult Brands Are Built by Evangelists 58:01 Passion Is Infectious: The Reality Distortion Field 1:00:08 From Busboy to CEO: The Resume of an Entrepreneur 1:02:57 Learning From Near-Death Experiences 1:04:05 Money Means Freedom: Early Work Ethic 1:05:25 Shoe Dog as the Benchmark: Belief Is Irresistible 1:09:16 Documenting Time: Why Chronology Matters in Memoirs 1:11:14 Rockefeller, Bezos, and Musk: The Master Strategists 1:14:39 Using Doubt as Fuel: The Slow Burn of Proving People Wrong 1:20:04 Daniel Ek and Having No Ceilings 1:23:09 How His Father Shaped His Ambition 1:25:52 Firing His Father From the Board: The Hardest Decision 1:28:01 His Mother's Deathbed Wish and Lasting Regret 1:34:47 The Ceremony of Forgiveness 1:36:17 MDMA Therapy and Breathwork: Accessing Deeper Consciousness 1:38:54 The Entrepreneurial Journey as a Spiritual Journey 1:40:45 Conclusion Includes paid partnerships.
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@TheMattViera That’s not a life hack.
That’s just a life decision with clear short and long term trade-offs.
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Not having kids is a life hack.
I spend my summers in Europe, take cross-country road trips, and disappear off-grid on weekends.
The money I’d spend on kids goes to investing, experiences, and freedom.
Different priorities. Different definition of rich.
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Mistakes fade away; winners can forever blossom.
berkshirehathaway.com/letters/2024lt…
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@helloitsolly There are always going to be resource constraints as you grow the business. It’s very common to put building new features in hold. Build a system that helps you ruthlessly prioritize but still balance between different areas. Start leaning on some metrics to point the way
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We have far too many bugs
Our support inbox is flooded
We're ignoring critical and common feature requests
We have too much technical debt
And some recent features launches barely work
I am honestly struggling with what to do
My new engineer is doing his best, but Senja has a big complicated code base with a steep learning curve
I am so desperate to get back to shipping cool sh*t, but we spend all our time supporting almost 3,000 paying customers and 20,000+ free users
I could hire more but it's just more change, onboarding time and cost
I could stop supporting free users, but they're pointing out legit bugs that shouldn't exist
I could remove the free tier, but that in itself would be a big project to deploy
I could remove our feedback board, but it feels like moving away from PLG
Maybe I need a second engineer just to throw more hours at the problem
But I am worried about doing this if it's going to create more pain and complexity
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I just got an offer to buy my app.
3x my annual revenue.
Which is nearly 7 fig.
Easy money but not the goal.
I’m scaling this to billions, mark my words.
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@kevinleeme Enjoy it! I’m a few years ahead of you and able to work a few hours on the weekend. Being OK with putting ambitions on pause and enjoying these years is the way to go
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as a first-time startup founder, just don’t do this:
- b2c
- Quit your main job to go all in with your startup
- Expect to make profits in your first 3 years
- Look for a cofounder
- Build before you validate the idea
- raise funding from VCs
- Waste time designing your landing page
- Outsource
- Hire
- build and hope you’ll just pay for traffic once released
- try to make it perfect
- Move to SF
- Build 12 projects in 12 months
- be hype driven and jump from one shiny object to another
- Learn from coursebois who never successfully applied their own advice
Do this instead
- keep your main job or part time job to pay your bills
- Live cost efficient life
- raise from friends & family or bootstrap
- Start with simple challenge first, e.g. a web directory or a micro saas
- Validate your idea first (by cold DMing or by building an Audience first)
- Don’t hire, try to do it all by yourself, even if you fail, it’ll be easie to hire people for this job later since you’ve tried
- Don’t chase cofounders, finding one is as difficult as finding a good wife. If it happens, good; but don’t depend on it, go solo
- Use nocode for your marketing website & landing pages, it’ll simplify the marketing, e.g. @unicornplatform works with @seobotai out of the box. But if you handcode your site, you can’t easily connect SEO and marketing tools to it
- instead of outsourcing the whole thing, outsource fixed-priced small gigs
- Focus on organic marketing channels until you see it converts well and only then go for paid
- Focus on one product for at least one year. (don’t do 2 or more products simultaneously)
- learn from people who have achieved what you wanna achieve (ideally you should learn from those who are just a few steps ahead of you, cuz learning from Steve Jobs is pretty much useless for a first time found, but learning form an indie maker doing $20k/mo is pretty relevant)
- see it as a marathon, up to 10 or even 20 years
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Another thing I see this group miss is their organic reactivation rate. There are a lot of levers to pull when reactivation rates are naturally 25%+ after churn.
Then they confuse that reactivated MRR as net new.
also, your churn rate benchmarks should be based on pricing model, not just B2C or B2B
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I get that a lot of "Indie Hacker" SaaS has high churn, but 8% to 10% monthly churn ain't good.
If you've scaled it to $10k+ MRR and have high churn, chances are you can make it much better + grow faster once you do.
Yeah, you can brute force growth with enough top of funnel, it's just that you probably don't want to be in a situation where you have you replace all of your customers/revenue each year.
Improving churn starts with:
-Understanding (at a deep level) why it's happening
-Breaking up customer segments or use cases into low/high churn
-Prioritize big changes first as experiments, optimizations later once you nail the fundamentals
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