He gave up on chasing unicorns. Now he earns $500K+/year from his 3-person startup. | Rand Fishkin, Founder of Moz & SparkToro
A Product Market Fit Show | Startup Podcast for Founders
00:00
Balancing Growth and Profitability in Startup Ventures
The chapter explores the challenges and trade-offs between high growth strategies and profitability in startups, highlighting the speaker's preference for running compact, profitable businesses over large, high-growth ventures. It discusses the benefits of targeting smaller markets, the drawbacks of pursuing venture capital, and the stigma associated with being labeled a 'lifestyle business' by investors. The speaker shares insights on their funding approach, emphasizing stability and steady profits over rapid growth.
Transcript
Play full episode
