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Founding Journey

How Pujun Bhatnagar Doubled His Startup’s Valuation to $75M… in 3 Months

Dec 19, 2024
01:18:23

Pujun Bhatnagar dropped out of Stanford, Harved, and MIT to build startups. He decided to build in an unsexy industry and it worked. He doubled Kintsugi’s valuation to $75M in 3 months.


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Follow Pujun’s journey:
🐦 X → x.com/pujun_ai
💼 LinkedIn → linkedin.com/in/pujun
🚀 Startup → trykintsugi.com


Follow us:
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📝 Newsletter → join.foundingjourney.com
📈 Founder Membership → upgrade.foundingjourney.com
💼 LinkedIn → linkedin.com/in/michael-houck


In this conversation we discuss:

Kintsugi

  • (00:00) — Intro
  • (00:57) — What Kintsugi does & why it's successful
  • (14:22) — What Kintsugi means

Founder Mode

  • (03:15) — Why Pujun did an "unsexy" business
  • (09:40) — AM frequency vs. Pujun's FM frequency
  • (12:29) — What happens to ambition when success comes
  • (26:20) — Pujun's mindset shifts over time
  • (32:20) — Pujun's toughest situation with co-founders
  • (59:10) — Dropping out of academia 3x
  • (1:07:20) — What Pujun does when not performing at his best
  • (1:10:00) — Pujun's spices

AI & Technology

  • (05:36) — What problems AI can solve
  • (19:44) — Successfully building AI PLG
  • (21:44) — The future of AI models
  • (51:14) — Differences between the ML & LLM gold rush
  • (54:46) — How to identify AI snake oil

Growth & Strategy

  • (17:06) — Focusing on building good software
  • (24:31) — Tradeoffs that come with scale
  • (34:51) — Having conviction & discipline
  • (36:11) — Who Pujun & Kintsugi looks for in teammates
  • (38:09) — Doubling valuation in 3 months time
  • (42:04) — Optimizing for minimal dilution
  • (43:53) — Ruthless prioritization when scaling

Rapid Fire

  • (1:12:09) — Who is one investor you’d recommend?
  • (1:13:33) — One thing you'd change about startups?
  • (1:16:22) — Advice for first-time founders?
  • (1:16:55) — Something you believe that most disagree with?

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