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- Founder Weekly (Issue 639 June 5 2024)
Founder Weekly (Issue 639 June 5 2024)
Founder Weekly - Issue 639
Founder Weekly
Welcome to issue 639 of Founder Weekly. Let's get straight to the links this week.
General
USD-pegged stablecoins are crucial for maintaining US financial dominance and stability. Here's why they are vital defense technology.
The post details the author's experience selling his successful software business, TinyPilot, including the preparation process, challenges faced, and the final sale terms. It provides insights into the steps involved in selling an online business, such as creating a sales package, finding potential buyers, and negotiating the deal.
How MSCHF turns irreverent ideas into a real business.
Casey Winters, a renowned advisor on scaling, product, and growth, has worked with notable companies like Airbnb, Faire, Canva, and Reddit. In a recent podcast episode, he discusses essential considerations for marketplace founders, the unique nature of marketplaces, finding product-market fit, crucial elements for scaling, and strategies for acquiring both demand and supply.
Marketing, Sales and PR
Dennis Lyandres, former chief revenue officer of Procore, into how he helped Procore to scale from $10M to nearly $1B in ARR and also shares valuable frameworks for leadership and professional growth. Dennis and Bill also discuss how and when to leverage mentorship, how to build a high-performance sales team and the impact of generative AI on the revenue function.
To achieve $10M ARR, startups must evolve from founder-led operations to structured, scalable processes. Key steps include transitioning from founder to founder-CEO, establishing a strong team and culture, and creating a repeatable go-to-market (GTM) strategy. Priorities are assembling a high-performing team, developing a scientific sales process, ensuring the product delivers comprehensive value, and focusing on measurable customer outcomes.
Everyone loves optimizing their Customer Acquisition Cost. Whether it’s going for the famous 1:3 CAC:LTV ratio or just lowering CAC as much as possible, it’s practically a default strategy for most marketers. But… it’s destroying companies.
James Evans, co-founder of CommandBar, on embracing “easy mode” and doubling their growth rate.
Money and Finance
If you raised in 2020-2022 and aren’t at break even, here are the options your management team better be considering.
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