Startups For the Rest of Us Episode 625 | TinySeed Tales s3e4: Doubling MRR
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Sep 22, 2022 
Tony Chan, co-founder of CloudForecast, recently doubled his company's monthly recurring revenue, feeling like he's discovered a cheat code for success. He shares insights on winning a significant enterprise deal and the strategic use of capital. Tony discusses a crucial mindset shift he experienced, reflecting on his journey through low points and the inspiration gained at a TinySeed retreat. He also delves into effective marketing strategies and highlights the challenges and excitement of navigating growth while anticipating future opportunities.
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Doubling MRR
- CloudForecast closed a large enterprise deal, doubling their MRR to $35K.
- This win, representing 50% of their revenue, was a significant turning point after a period of slow growth.
Preparedness and Opportunity
- Luck comes from preparation meeting opportunity.
- Tony Chan's team's product and marketing skills enabled them to capitalize on this deal.
Strategic Investment
- Invest strategically to maximize ROI on increased revenue.
- Plan expenditure on product and marketing, considering potential risks and seeking advice from mentors and advisors.