Homepage experiments, marketing costs, product-led growth, bootstrapper game, cold outreach, over-correcting, shingles, Vienna trip, new strategy on offers product, investing in customer success and retention, challenges in venture land, potential of spatial computing and importance of FOMO.
Founders are shifting focus towards building a portfolio of bootstrapped businesses to reduce risk and increase diversification.
Prioritizing customer success and building great products can drive sustainable growth and long-term profitability.
The adoption of spatial computing, AR, and VR could revolutionize various industries and open up new opportunities.
Deep dives
VC funding challenges and the shift towards profitability
Many startups are facing challenges in raising venture capital, as the bar for Series A funding has become very high. Investors are looking for breakout, high-growth companies that show strong potential for exponential returns. Startups with slower growth trajectories and smaller ARR are finding it difficult to secure investment. As a result, some founders are opting to focus on profitability instead, cutting costs and working towards self-sustainability.
Shift towards a portfolio of bootstrapped businesses
Many founders are shifting their focus towards building a portfolio of bootstrapped businesses instead of going all-in on one venture. This approach allows for diversification and reduces the risk associated with relying on a single business. By investing time in multiple revenue streams, founders can create a sustainable and profitable portfolio of businesses that can be managed concurrently.
The importance of product and customer success
In the pursuit of sustainable growth, founders are recognizing the significance of building great products and focusing on customer success. By prioritizing customer satisfaction, retention, and conversion, founders can leverage existing customers and word-of-mouth referrals to drive growth. Investing in customer success roles and improving product experiences can contribute to long-term success and profitability.
The potential of spatial computing and AR/VR
The release of Apple's Vision Pro highlights the growing potential of spatial computing, augmented reality (AR), and virtual reality (VR). While the initial version may have limitations, these technologies have the potential to revolutionize entertainment, work, and other industries. The adoption of spatial computing could open up numerous opportunities for innovative applications and experiences.
The shifting mindset and focus on short-term goals
Many entrepreneurs are reevaluating their approaches and adopting a mindset focused on short-term goals. Instead of chasing immediate growth and investment, founders are embracing profitability, diversification, and the ability to navigate multiple business endeavors. This mindset allows for greater flexibility, adaptability, and a more balanced approach to entrepreneurship.
