market > funds > team > idea
1. Choosing the right Market is the most important part
2. Funds to hire people and market
3. Team that can be trusted make things happen
4. The idea should be a winner (no fluff, no new tech, a business not a startup)
5. It takes minimum 10 years or more to build a business
- Founder of Trust Pilot (src)
Making a dollar is easier than making a rupee
- Girish, CEO of Freshwork
E-Mail tools always works, slow and grows over time
Rob W. (Drip.com(email marketing tool) founder, Campaign, Microconf founder)
Sell before you build – ask people to fil the form
Idea: Combine email outreach system with existing industry specific contacts data. It has capacity do wonders. (ie: journalist, CEO of Finance Company)
- I was selling 3X faster when I started selling in Canada and ib parallel started in the US. (Consumer tech, product priced $750 or more)
- US has more money than Canada
- Canada had less competition so despite having less expense power, it made almost same money
- It’s was easy to compete with topical authority. #BeenThereDoneThat. (TDH, Laptop)
Rana – Founder (Me, Founder of MixCommerce, STABLX and etc)
1. Choosing the right Market is the most important part (US)
2. Funds to hire people and market (struggling)
3. Team that can be trusted make things happen (fixed and can be built)
4. The idea should be a winner (no fluff, no new tech, a business not a startup) (It’s a business)
5. It takes minimum 10 years or more to build a business (putting in, scalable SaaS started just 2 years ago)
