It's hard to put a number on it. The better question is who would buy it and why? Once you understand the motivations of the buyer, you should have a feel for where you need to be before they are interested. For example, if they want tech or intellectual property, the number of users does not matter much. In general, you don't see many $1m sales other than Acqui-hires.
On the market need part, my concern is that while they will improve their own earnings significantly from using our product over alternatives, only progressively minded early adopters might realize this, with other potential customers thinking, incorrectly from my view, that their existing solution is 'good enough.' You said there's no way out of this - do you discount customer education?
As long as you can identify a population of early adopter users who will embrace your solution enthusiastically, you are fine. Just make sure that the larger mainstream of potential customers would embrace it with enough evidence.
Omg - i am exactly at stage when we move from MVP to 1.0 and it's hell. Its literally hell. I have even clients paying me - but they just dont see how much mess i fight everyday. i am really think to rise moey just becouse of it!
I'm working on my startup. I did have a co-founder issue the last 2 times. Thank you so much for this well-structured helpful information!
Thanks!! The latest episode is an interview with an amazing founder who had some significant co-founder issues.
Outstanding! Let me paraphrase Y Combinator's slogan: Build something people want and love without any money upfront, haha!
That would be ideal!
I'm developing a financial application and building a brand. How many users or revenue until someone buy it for $1,000,000?
It's hard to put a number on it. The better question is who would buy it and why? Once you understand the motivations of the buyer, you should have a feel for where you need to be before they are interested.
For example, if they want tech or intellectual property, the number of users does not matter much.
In general, you don't see many $1m sales other than Acqui-hires.
On the market need part, my concern is that while they will improve their own earnings significantly from using our product over alternatives, only progressively minded early adopters might realize this, with other potential customers thinking, incorrectly from my view, that their existing solution is 'good enough.' You said there's no way out of this - do you discount customer education?
As long as you can identify a population of early adopter users who will embrace your solution enthusiastically, you are fine. Just make sure that the larger mainstream of potential customers would embrace it with enough evidence.
@@FeeltheBoot Thanks for clarifying!
Glad your back!
Thanks!
Omg - i am exactly at stage when we move from MVP to 1.0 and it's hell. Its literally hell. I have even clients paying me - but they just dont see how much mess i fight everyday. i am really think to rise moey just becouse of it!
I feel you! It is such a hard transition!
Thank you!
New founders !!! Take notes✍️
Thanks for the support!