So you wanna be a Solo Founder? Duran says “60% of unicorn founders are repeat founders”.
Founders - don't fall for startup PORN → there's always much more to the story → there's a lot of posts like this one on LinkedIn 𝗜𝘁'𝘀 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗽𝗼𝗿𝗻 — gaslighting our fellow founders 𝗧𝗵𝗲 𝗣𝗼𝘀𝘁: Raise $3M with just an idea and a pitch deck And not to diminish Cotopaxi's story in any way There's just way more to the story Like before Cotopaxi Smith had already co-founded and exited multiple times 𝗦𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗹𝗼𝘃𝗲 — 𝗘𝗫𝗣𝗘𝗥𝗜𝗘𝗡𝗖𝗘 → what most founders don't realize is → 60% of unicorn founders are repeat founders 𝗧𝗵𝗲𝘆'𝘃𝗲 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝗰𝗿𝗲𝗮𝘁𝗲𝗱 𝘄𝗲𝗮𝗹𝘁𝗵 𝗦𝗮𝘃𝘃𝘆 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝗯𝘂𝗶𝗹𝗱 𝘄𝗲𝗮𝗹𝘁𝗵 𝗳𝗶𝗿𝘀𝘁, 𝗿𝗮𝗶𝘀𝗲 𝗩𝗖 𝘀𝗲𝗰𝗼𝗻𝗱 → raising VC isn't a wealth strategy → I'll raise a big round, grow, EXIT, and I'll be rich → don't make getting funded your plan A → why? because less than .05% get VC Instead, make customer acquisition your plan A When you have shown the ability to produce revenue You've de-risked your venture tremendously And are much more attractive to VCs → there are always pre-rev exceptions → many startups are reliant on a pre-seed round → for product development → but you'd better have a detailed RevOps strategy 𝗕𝗲𝗰𝗮𝘂𝘀𝗲 𝗲𝘃𝗲𝗿𝘆 𝗻𝗲𝘄 𝗿𝗼𝘂𝗻𝗱 𝗴𝗲𝘁𝘀 𝗵𝗮𝗿𝗱𝗲𝗿 𝗮𝗻𝗱 𝗵𝗮𝗿𝗱𝗲𝗿 At some point, you'd better be making money Or have the detailed plan to do it Why do 90% of founders miss this? 𝗚𝗲𝘁𝘁𝗶𝗻𝗴 𝗹𝘂𝗰𝗸𝘆 shouldn't be your strategy. Thanks in advance if you repost ♻️ this! ~~~ Need help? Go to our website, click on Start Here. Follow me, Gerald Duran for daily Startup and VC advice, and sometimes a kick in the nuts. #Startups #VC #Entrepreneurship #FaithDriven