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Carta for Mainstreet, Consulting in the Age of AI, & the next GLG with Romeen Sheth
"Request for Startups" with Erik Torenberg
Exploration of Service-Based Businesses
The speaker stumbled upon service-based businesses by accident after being part of multiple startups. These businesses differed from startups as they did not require raising significant capital or facing product-market-fit risks. Despite concerns about their size potential, the speaker successfully bootstrapped a service business to over $60 million in revenue. This experience showed the speaker the immense potential of service-based businesses. Operating in both service-based businesses and investing in startups offers a balance, leveraging both left and right brain abilities.
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