Was asking for some advice on fundraising. Got to know if you are building something with no revenue, literally impossible to raise.
He explained how hard it is even for the current founders and expecting 100s of startups to fail next year with talent going cheap due to all the layoffs.
Very hard to think how to monetise B2C if people don’t even link their credit or debit cards with Apple Pay and Android for in-app purchases. Also for B2B Saas, it’s better to build for US from India than building for India.
Just “profit” over growth now. Nothing else matters 💭
I think B2C will be hot once again ironically. Think about it. If you’re bootstrapping from day zero will it be easier to start B2B or B2C? B2B requires network, capital and pedigree to crack enterprise deals that most lack (SMB SaaS is an exception but this sector is also hated by VCs)
True but very very very hard. One of the metrics I choose to track for both B2C and B2B are India driven revenue growth in app purchases and computer penetration for SMBs.
Thankfully the former is getting better but the later is not so much. SMBs are ran by people in the age group of 40-50 y/o thus they much prefer copy pen than Khatabook or the other KiranaTech that failed. VCs say “It’s easier to earn a $ dollar than a ₹ rupee”
Turning back to B2C, the only way to make money are in-app transactions and subscriptions. Literally nothing else works. According to Google AdMob, for 100k MAU we get $5.5k ARR 🫣.
Most people using apps in India -
What category of apps do you think are gonna boom? 🤯
Don’t know bro. I am currently building in one of the few categories that you mentioned. I guess if the answer was easy to find people would have already built it. But I think internal conviction and traction (in any form) are my must haves. I was building something in B2B and used to get put off just because someone did not like my idea or some VC said no. Now I’m building something that I have full faith in and feel 10x better.
But yeah avoid any idea in which you can’t show traction (unless you have a network to raise capital without any users/product).
It has always been about profits, businesses are made for profits
Startups gained fame because they were different from established orgs in terms of what drove them, their need to change the world. Which is good but not sustainable. At the end if you got run long, you need Selling price higher than cost price
Got to know if you are building something with no revenue, literally impossible to raise.
idea -> execute -> traction -> competition-> innovation - > continued traction -> success/exit
we are now at extreme edge of traction stage, pendulum will move back to execute phase in 12 months and when we get hype phase again, it will be at idea stage.
Forgetting about pedigree????
Hey guys,
With a heavy heart and after 10-11 months of constant work I am shutting my startup down. Thanks for all the love and support.
What happened was I was able to build the product but couldn't raise enough funds to get the requ...
MNC worked but didn’t liked the culture. Thinking to work in a startup and hoping for a good culture. Work life balance can not always be good ik.
Fast learning and fast paced growth aside, after 15 years of MNC experience I joined a startup to get some ESOPs.. and hopefully a good buyback ..
I have worked in 2 startups now.Both of these were already Unicorns when I joined .
W...
Been long since I wrote here. A casual post to discuss anything startup/VC related. Which startups are doing good, which ones not too good. Especially if you're a founder - how is the market feeling?
My pov: despite the excess capi...
