#ThrowbackThursday: $80m founder – revisiting after 4 years! π
Hey there, fellow entrepreneurs! Remember when I shared my story four years ago about hitting the $80m mark and dishing out some real talk? Well, a recent discovery made me wonder – have my views changed since then?
So much has happened in the past four years. My business, which was barely breaking even back then, is now profitable and worth over $100m. I’ve also ventured into a new company worth $15m, owning the majority stake and enjoying the fruits of profitability.
But here’s the kicker – I left the subreddit and distanced myself from all the get-rich-quick schemes and idea theft paranoia that was in the air.
Now, the burning question remains – have my beliefs about entrepreneurship shifted over time?
#entrepreneurship #growthmindset #successsecrets #businessinsights π
The truth is, I still stand by my core principles:
1. Entrepreneurship isn’t about big ideas, it’s about solid execution.
2. Empowering others leads to faster growth and work-life balance.
3. Sharing equity can foster stronger teamwork and business success.
And let’s not forget the invaluable lessons learned along the way:
– Investors create politics, whether you like it or not.
– Losing control of your stake can derail your strategy.
– Managing top performers is a challenge worth embracing.
– Hiring the right people is crucial for success.
So, what do you think? Have your views on entrepreneurship evolved in the last four years? Share your thoughts and let’s continue this journey of growth and discovery together! π
#shareyourstory #entrepreneurialjourney #learnandgrow #communitydiscussion π§π₯
> MVPs are over!
Curious why you believe this / mind expanding a bit?
Are you doing a DCF off public guidelines or multiples?
How are you figuring the new venture has 12M in equity value?
EBITDA for the 80M?
Thanks for the great advice!
Can you share any details on revenue or multiples involved in your valuations? Going through a few similar paths as an employee and curious what the valuations are stemming from in 2024.
> 5. Use every single unfair advantage you have
Can you explain more on this? I shit you not, I had a dream last night where a family member told me they have connections that can help me get ahead and I turned that down, like I always have. These unfair advantages have also presented themselves in waking life. Help with paying for college? Nah. Help with mortgage downpayment? Nah (I still rent as a result, hah). Help getting a job because someone is friends with the owner? Nah. Help getting funds for a business, no questions asked? Nah.
It’s a recurring theme in my life since I was a child, and even until recently, I had refused to make use of specific advantages I feel I was born into through no merit of my own. I don’t know where it comes from, but I feel the need to become my own man through my own hands, and for the longest time, I felt like the alternative was immoral and dishonorable.
It was only last year that I started reconsidering this strongly-held belief when someone told me they had zero respect for anyone who refuses to make use of these advantages.
It shattered a core belief and stirred something in me.
I know your advice applies to the business realm, but it also applies to personal matters, no?
I finally caved in and decided that this year I will start the business I want, and I will squeeze the living shit out of every unfair advantage life has given me.
Thanks for this, and your original post. Curious to hear more on that specific bit of advice.
^p.s. ^nuk ^di ^pse ^por ^besoj ^se ^je ^shqiptar ^LOL
If you think about itβ¦ it is a clever post advertisement to first send a pretender out there with some old material huhπ
nice job anyway β€οΈπ¦π₯
OP – you’re throwing out numbers but let’s talk about the numbers that matter:
1. What % did you sell in secondary and for how much?
2. Your current biz that’s “worth about $15M” – what industry, EBITDA etc
Figured I’d ask the questions most ppl on here won’t know to ask, from one old hat to the next π