Startups | Buzz Chronicles

10 fast-growing companies you've (probably) never heard of.

Thread 👇

1/ @Cubii

Ultra-portable elliptical trainer.

Why the 📈?

-Part of growing workout @ home trend
-Super small (fits under a desk or table)
-Proprietary tracking app
-Smart "fit while you sit" branding
-Sizable community of Cubii users

2/ @undraw_co

Open source illustration library.

Why the 📈?

-1000s pro-level illustrations
-As illustrations replace stock photos, demand for illustrations=📈
-Part of growing open source media libraries (music, images and icons)trend

@unDraw_co 3/ @flodeskinc

Email service provider that focuses on design.

Why the 📈?

-No-frills UI
-Appeals to Shopify stores
-Attractive email templates
-Designed for ecommerce marketing

@unDraw_co @flodeskinc 4/ @pushpay

Venmo for church donations.

Why the 📈?

-7900+ churches use it
-Disrupting cash donation baskets
-Taps into cashless payments meta trend

Jon Yongfook
@yongfook

Something that doesn’t get talked about enough is how much money do you need to become an Indiehacker?

Well here’s what my own finances looked like when I went all-in…

A thread 1/n

2/n

Kudos to @jrleonr for sharing a vulnerable post on IH.

Personally I don’t think $12,000 is enough financial cushion to go all-in, start an idea from scratch and get to ramen-profitability. It’s just too short of a

3/n

Here’s how much money I saved up over years of corporate work in order to take the plunge and go indie: $200,000

For context, I’m 40, single and had worked my way into quite senior positions by the tail end of my employment.

4/n

$200,000 was enough cushion for me to work on my own projects for years without drastically changing my lifestyle too much. In retrospect, I think I gave myself too much of a cushion. I basically played around for a year before getting really serious...

5/n

...but on the other hand, trying to stretch too small amount a money to the point where it drastically downgrades your lifestyle, affects the people you love and creates a constant atmosphere of anxiety is also counter-productive.

Traf
@traf

A few things I've learned this year from building a small, profitable internet business from zero to $100k ARR in 8 months.

Ride the wave:

People often ask what we do for marketing, and I don't really have a good answer. You don't have to push your product as hard if you're building for a vocal community of passionate people within a growing market. They'll do most of your marketing for you.

Scratch your own itch:

If you don't experience the problem you've set out to solve, you’ll have a slight disconnect between what your problem actually is, who’s experiencing it, and how to reach them. I’ll probably never do another user test in my life.

Get specific:

The web hosting space may be crowded, but the web hosting space for Notion is not. I used to think a niche would limit the total size of my business, but If we capture 1% of all Notion users, we'd be making at least $720k/month—far beyond what's enough for me.

Use side projects as marketing:

Some of our record signup days came from one of my side projects. The only mention of it was a link to it in the footer of the page. Your side projects don't have to be clearly correlated in order to still correlate.

Shahed Khan
@_shahedk

8 things startups can do early on to optimize for focus & productivity:

1. Synchronous meetings only for p0 and p1 items

All meetings should be 25 minutes by default with the ability to extend by 15 minutes if necessary.

Each meeting should have a clear agenda that outlines its context, asks, action items, etc.

Meetings should be brief & impactful

2. Asynchronous for everything else

- Stand ups
- Project demos / updates
- Design / Eng handoffs
- Documentation walkthrough

A simple flowchart for meetings:

3. Strive for 90% focused work / 10% meeting & sync time

- No meetings on Tues & Thurs
- Encourage turning off Slack & distracting notifications
- Track your time to better understand your distractions
- Buy your team a copy of Deep Work & Getting Things Done

4. No recurring meetings

Recurring meetings are a productivity killer. Try to avoid them when possible.

Instead, assess whether a follow-up meeting is needed at the end of each meeting.

Massimo Di Berardino
@Massimokris

@_shahedk @buzz_chronicles save as startups

@buzz_chronicles @buzz_chronicles save as startups

Jordan O'Connor
@jdnoc

This is the blueprint I've followed to build my own business/income in ~4 years. This is how I learned to make websites + apps, learned SEO, learned how to write well, and how to grow my SaaS product.

👇

Get your time right by eliminating most entertainment and leisure.

Produce (work) more than you consume (watch/read/listen to entertainment).

Work intentionally, have fun intentionally, create a balance that you control. Free up a few (3-4) hours a day.

Use that new time to build new skills + knowledge by doing work for free for other people.

Do free work that helps save them time, make them money, or save them money (things that people will pay for).

Do a bit every day. Because it's free, there's less pressure to perform

Enhance learning by purchasing courses, reading books, and taking action to learn those skills by applying them to the free work you're doing.

Figure out what you like to do and what you don't like to do (do more of what you like to do and less of what you don't).

Figure out what works and what doesn't work (there's definitely a lot of advice out there that doesn't work or is contextual to the environment it works in).

Elizabeth Yin
@dunkhippo33

Saturday thoughts on funding: Where it helps. Where it doesn't. And how it affects team, success, and PM fit.

This is just my $0.02 after looking reviewing 30k+ early stage startups personally and having led 350+ investments across 2 VC firms & as an angel.

Let's begin! >>

1) Money is great to have in building a startup (for the least dilution and pain possible) That's true and always will be true. 😆

But just like how money can't buy you happiness, it also can't buy you PM fit.

2) PM fit is the holy grail for software startups. (we're not talking biotech - if you have a cure to cancer, I guarantee you everyone wants it).

But for software startups, it's unclear if ppl want your product at your price pt.

3) If you don't find PM fit, in this day and age, you will be able to get some sales. Maybe even say $1m in sales (or more!) per year, and you can still make a living.

But having sales does not mean that you have a repeatable customer acquisition process that can be sustainable

4) As an aside, that is why we invest at pre-seed & don't care about startup traction, because I don't believe traction at the earliest stages suggest PM fit. Traction only shows that a founder can execute (& that's impt too) but there are other ways to assess execution earlier.

Elizabeth Yin
@dunkhippo33

Some wed night thoughts on investor “value add”:

1) At the end of the day, money is a commodity. That mere fact should make every vc shudder.

It is amazing how many ppl (incl myself) clamor to get into a commodity business!

2) As such, to differentiate, different investors provide other things beyond money. Sometimes it’s community. Sometimes hiring help. Sometimes expertise or sector-focused networks. Etc

3) And some VCs are truly value add! For example, if I had an edtech co, I would hands down raise from @jwdanner - he has been there as an entrepreneur, built schools, and invested in so many hit edtech companies.

4) But at the end of the day, regardless of who invested in you, it’s the founders + team who are doing all the work.

5) when I think about what I’ve done for my own founders, it’s ranged from doing intros (mostly to other investors) to cust acq advice to feedback etc

But the reality is - all of my founders would’ve figured out how to get that intro or that piece of advice w out me

Jan-Erik Asplund
@janerikasplund

.@zapier built a $140M ARR business on $1.4M in VC that has become the logic layer of the no-code industry.

But it has the potential to be something even bigger: the Netflix of productivity.

Our report and a thread 👉

We believe @seqouia and @steadfast got a good deal buying into Zapier at $5B.

We value Zapier at $7B based on:

- 30-50% YoY growth over the next five years
- Zapier’s monopoly status in the solopreneur/SMB market
- 30-40% YoY growth of no-code TAM

No-code is huge and growing, but as @edavidpeterson has written, no-code is about more than tools: it’s about a philosophy that emphasizes interoperability and customizing your software to your needs.

https://t.co/UJY6BRtXwl

Trying this on for size\u2026

\u201cNo code\u201d isn\u2019t a coherent category. It\u2019s a design philosophy.

But tools built with this philosophy in mind will be the biggest winners of the next decade.

Let me explain what I mean by way of analogy.
— David Peterson (@edavidpeterson) January 14, 2021

.@zapier enabled interoperability by building a solution to one of the intractable problems in SaaS: APIs that don’t talk to each other.

The product took off and hit $100M ARR in just 9 years, comparable to companies that have raised 100x as much money.

https://t.co/0Thk42eRpJ

Ever notice that Zapier is doing $100m+ and has no direct competition? Found their niche and crushed it \U0001f44c
— Tyler Tringas (@tylertringas) November 7, 2019

Zapier was riding an explosion in APIs that started the same year they were founded—2011.

Suddenly, every SaaS business wanted to offer its users extensibility, but not spend time figuring out what integrations to build or building them.

That’s where Zapier came in handy.

GREG ISENBERG
@gregisenberg

My guide to startups:

I've lost millions, hired hundreds, raised millions and sold companies before the age of 30

Read this to become better:

Venture capital & PR are like drugs

Drugs can kill you or save your life

Use accordingly.

If you’re lucky: your startup will be copied. Don’t be mad

The best startup revenge is overwhelming product/market fit

Okinawa is an Island in Japan with the highest life expectancy. It's called "the land of immortals"

The secret: almost everybody gardens

Entrepreneurship is a marathon not a sprint. Be sustainable

Find your gardening.

A wonderful online course is so valuable its like you’re stealing from the teacher

A bad online course is a teacher stealing from you

Tip: scout out for wonderful online courses

A few dollar investment will completely change a life

$Sharath \U0001f4e3$

Sharath 📣
@5harath

From day 1, I intended to build @shoutoutso_ in public, and part of it is to be transparent with numbers, talk openly about our highs and lows, and share lessons as we grow!

I have been doing individual posts on numbers every week so wanted to one big thread with all updates 👇🏽

Week

Transparency time:

It's been 24hrs @shoutoutso_ went to public launch \U0001f525

Some numbers:
\U0001f4b0 6 rockstars bought Pro, Pro Annual plans.
\U0001f4aa\U0001f3fd 168 signups.
\u2665\ufe0f 182 Shoutout walls created.
\U0001f465 160K Twitter impressions on launch thread.

Thank you for making it a huge day for us \U0001f64f\U0001f3fd pic.twitter.com/is9Z53trIh
— Sharath \U0001f4e3 (@5harath) February 12, 2021

Week

Transparency time: It's been 2 weeks since @shoutoutso_ launched to the public \U0001f525

Here are some highlights:
\U0001f451 18 rockstars paid customers
\U0001f4b0 $240 MRR
\U0001f4aa 426 signups and counting
\u2764\ufe0f 140 walls published
\U0001f3c6 #3 product @ProductHunt

Appreciate this community so much\U0001f64f\U0001f3fd pic.twitter.com/KmKCZdHqlJ
— Sharath \U0001f4e3 (@5harath) February 25, 2021

Week

Transparency time: Week 3 @shoutoutso_ \U0001f525

Here are some highlights:
\U0001f451 29 rockstar paid customers
\U0001f4b0 $460 MRR
\U0001f4aa 475 signups and counting
\u2764\ufe0f 163 walls published
\U0001f3c6 Launched on @ProductHunt(#3) @IndieHackers

Grateful for this amazing community for all the love and support \U0001f64f\U0001f3fd pic.twitter.com/MVGo0cfZJj
— Sharath \U0001f4e3 (@5harath) March 4, 2021

Week

Transparency time: It's been a month we launched @shoutoutso_ \U0001f525

Here are some highlights:
\U0001f451 36 rockstar paid customers
\U0001f4b0 $610 MRR
\U0001f4aa 516 signups and counting
\u2764\ufe0f 191 walls published
\U0001f3c6 @ProductHunt Maker Grant Award

Grateful for this amazing community for all the love \U0001f64f\U0001f3fd pic.twitter.com/1i7LxLU4Ap
— Sharath \U0001f4e3 (@5harath) March 11, 2021

Freedom Designer
@FreedomDSGNR

How to Use Cialdini's Influence Principles to Grow On Twitter

// A THREAD //

Robert Cialdini took various kinds of sales/marketing/door-to-door sales jobs to figure out what techniques those "magician of persuasion" use.

Then he defined the 6 principles of INFLUENCE.

How to use them to grow on Twitter?

1. Reciprocity

Don't be afraid to give away.

Give away:

- likes
- RTs
- engagement

The bigger accounts will notice... and reciprocate.

It's human nature.

Action step: Write 20 comments a day (don't ask for anything).

2. Scarcity

is an enormously powerful weapon but make sure you use it well so it doesn't look sneaky.

You can use it for:

- Get beta testers
- Running limited sales
- Doing AMA (1hr) [bigger accounts)

Action step: Before a launch write you're looking for max 3 beta testers.

3. Authority

cannot be built by tweeting platitudes.

You'll have to show you know what you do and you understand it.

The reward will be sweet.

Action step: Post a thread from your field of expertise 3x per week.

PS. Even if you don't consider yourself a pro yet.

Massimo Di Berardino
@Massimokris

@Julian @buzz_chronicles save as startups

@buzz_chronicles @buzz_chronicles save as startups

Mehmood
@mehmood168

Just watched this 47-min presentation given by @adamwathan at @MicroConf in 2018 titled 'Nailing Your First Launch'. It was recommended by @RandallKanna

Adam shared a step-by-step guide for launching successful info products from idea to launch.

Thread 👇👇

1st Product: Nitpick (Automated PHP code review comments on Github in one click)

Total Revenue: ($3650.59 from 19 customers) Nov 1, 2015 - Apr 30, 2018

2nd Product: Refactoring to Collections (eBook to teach PHP developers some functional programming principles)

Launched: May 2016

1st Day: $28,299

1st 3 days: $61,392

After 2 weeks he quit his job to focus on info products

3rd Product: Test-Driven Laravel

Early Access: November 2016

1st Day: $82,919

1st 3 Days: $115,676

Sales from May 2016 - April 2018

Book $179,147

TDD Course $468,536

Total $647,683

Why an Info Product?

There is a finish line

Doesn't take much time

Unlike SaaS, it puts money in the bank quickly

Selling subscription software is hard, courses are easy

Justin Jackson
@mijustin

The contemporary idea in online business is that you need to build an audience, get to know their needs, and then build something they want.

It's focused a lot on *who* you serve. (Who are these people? Do they have money? Where do they hang out?)

But is this the best way? 👉

Cathryn
@cathrynlavery

Choosing a business partner could be the 2nd most important relationship you ever choose (after who you marry.)

I just got out of a 5-year partnership that had become toxic.

Here's where I went wrong.

👇🏼👇🏼👇🏼

1. If business partnership was like marriage, I'd married someone that I'd only been on a few dates with and barely knew.

I partnered out of insecurity with someone who talked a good game and seemed strong in the areas I felt weak.

This insecurity cost me $$$

2. Questions I wished I had asked before taking on a partner:

- What are my goals for this business?
- What are my strengths and weaknesses?
- What parts of starting/building this business am I the most unsure about?
- What might my perfect partner look like?

3. Qualities to look for in a business partner:

✅ Financially sensible & secure
✅ Shared vision & goals
✅ Emotionally intelligent (high eq > high iq)
✅ High integrity
✅ Similar work ethic

4. How to split equity

50/50 isn’t a business decision, it’s a settlement.

It’s a common way to decide equity splits because a down-the-middle split seems 'fair'. However, it's also lazy and more often than not is a bad deal for one person, and gets worse the longer it goes on

Lenny Rachitsky
@lennysan

Matt Mochary has been CEO coach to @naval, the founders of OpenAI, Notion, Rippling, Robinhood, Coinbase, Reddit, Plaid, Flexport, Opendoor, partners at Sequoia, YC, Benchmark, and many others.

He also open-sourced his entire curriculum, templates and all. Here's a link 👇

The Mochary Method Curriculum ➔ https://t.co/A8J51IzYhz

My recent conversation with @mattmochary where we talk about fear, anger, innovation, how to lay people off well, and his coaching practice ➔

Also in podcast form ➔

For more from Matt, buy this book

Logan Herzog
@logansherzog

1/ Does this exist in VC?

I'm constantly running tests on ad platforms and cold outreach to gauge market interest in specific products/solutions/pain points.

2/ Seems like what some people try to accomplish with an EIR, but from
what I can tell, that's usually focused on a single venture.

We are constantly uncovering new potential ventures through our outreach, and we aren't even a fund.

Freedom Designer
@FreedomDSGNR

5 Micro Skills That Will Improve Your Life Drastically

// A THREAD //

Even the small things compound over time... and become huge.

And they become HUGE.

This is the list of small skills that will improve your life A LOT over time, you can't even imagine how much... before you give it a try.

I'll present the skills in form of mini challenges.

1. Type with all ten fingers 10 days - 10 mins in the morning.

Most of us spend a lot of our time behind the computer typing.

Yet, not many people know how to write with all ten fingers —> drastically faster.

You can learn it for free here:
https://t.co/ow2WTHrXBJ

2. Make at least one Zap

Zappier allows you to make micro workflows between the applications you use.

Let's say you have to calendars (work and normal) and you want to sync them all the time —> Zappier

2b. You send an email every month remind your customers to pay the maintenance fee + reminder them if they won't —> Zappier

You want an email notification every time someone edits a Google sheet —> Zappier

Basic version is free. @zapier

Dayton
@daytonmills

What I learned from raising my first seed round.

This isn’t a how-to guide, that may come later. This is just a story and observations from my own experience.

See, I didn’t know what I was doing at all...

We had a built a prototype, people seemed to like it. Investors seemed to like it. Not because I showed it to them, I wouldn’t know how to do that.

But I got a lot of inbound asking about the product and found myself stumbling into meetings with people with no real goal.

We decided it was time to raise and I had to figure out how to do that.

I’m not from SF. I’m from small town Missouri. I didn’t have connections.

But I did spend a lot of time making internet friends. It’s what I’ve done my whole life. In particular friends in @genzmafia

It was here I had some help from @nhuebecker on the first pitch deck I ever made. It went a long way btw - Thanks nick!

And met a lot of connected people thanks to @ItzSuds. He also got me on clubhouse.

In there I started talking to people and met @YousifAstar

Yousif taught me the game. I cannot stress this enough he taught me everything. Pitching, materials, intros, down to the verbiage of my emails.

He taught me how to be intentional with raising instead of stumbling into meetings.

I blocked off two weeks and got started.

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