
Elevate Classics: Mike Salguero on Building ButcherBox Into A Top Businesss
Elevate with Robert Glazer
00:00
Navigating Challenges in Subscription-Based Businesses
The chapter explores the struggles faced by subscription-based businesses like Blue Apron in the market and the repercussions of prioritizing investor-pleasing models over building a profitable foundation. It emphasizes the significance of understanding customer demand and product-market fit before scaling and discusses the culture of celebrating fundraising rather than focusing on sustainability. Reflecting on personal experiences, the speakers delve into work-life balance, the pressure of short-term gains, and the impact of abandonment issues on behavior and relationships.
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