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Kevin Ryan | Founder of Business Insider, Gilt Groupe, Zola, MongoDB, and More

The Founder Hour

00:00

Focus on Building Revenue and Profits for Business Success

The speaker emphasizes the importance of focusing on building a business with significant revenue and profits over five years. They mention that they never think about their exit strategy as industry dynamics and the product may change over time. The speaker stresses that the key goal is to build a business with substantial revenue and profits as it provides multiple options for the future, such as going public, selling the business, or receiving dividends. They highlight that most companies struggle to reach a hundred million dollars in revenue and ten million dollars in profits, so it is crucial to focus solely on achieving this goal.

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