startup

“It's literally, you have, you know, a 10% chance of success starting a business. I would argue your success, your chances of success when acquiring a business is probably higher because you're skipping over, you know, some of the hardest parts like finding cus…”

“There are a lot of really smart, competent execute operators executing against really stupid ideas. And they're running into a brick wall and the team thing holds presuming that the team will figure out a bad idea. An idea is bad and innovate and get to a good…”

“I talk about speed of execution a lot cause I believe that to be the biggest, if not you know, the main driver of or the biggest advantage startups have.”

“A lot of startups over the past year just raised at too high of a valuation. They're never going to be able to grow into it.”

“And as you know, with any startup, that's 90% of where the money goes. That's 90% of like where the focus is, is getting over that hurdle of product adoption and product market fit.”

“Just because you write code doesn't mean it has to be a startup. It doesn't mean it has to be stressful. It can just be a technology company.”

“Just because you write code doesn't mean it has to be a startup. It doesn't mean it has to be stressful. It can just be a technology company.”

“You can probably even like under price a little bit, To get more buyers and then negotiate to like push it up sort of.”

“The number one reason that startups don't sell on acquire.com is overpricing”

“This is probably the number one reason why I see a lot of startups not selling is they read about some company that sold for 10 times revenue and that biggest thing that happens, but that's an outlier. That's not the averages and that's normal.”

“That's probably the number one reason why startups don't sell on acquire.com is you price too high.”

“And fun fact, that's actually the number one reason companies or startups on sale and acquires, they price too high. And what happens is a lot of buyers won't even talk to them or look at their business in the first place. They'll just go on to a business that…”

“It's always good to start from a tier two cities. Startups, you know, always best to explore in the tier two cities. So we, you get to validate your own business model and see all that.”

“And I think that with that, the biggest thing when you have thousands of new startups every like week or month is distribution. How do you get customers? How do you keep customers? I think that is where we've been focusing a lot of time and effort to get scale…”

“If you're trying to make a million bucks a year, do not start a startup. It's a very bad idea. It's going to take a lot longer and be very harder. You just start a service business, do something that other businesses need.”