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by mauricio-OH 4439 days ago
The secret to success and not bleed cash is business 101:

- Sales and Marketing all the way. Nothing else.

- Go to $10 from the beginning (you are starbucks of lemonade)

- Accept: free cash, PR, licenses, new locations

- Reject: Anything that gives away equity or royalties

260k in cash 15.9M valuation

http://cl.ly/image/2m1F161B1w2B

2 comments

more business 101 - after showing initially good results and establishing confidence, drop your prices to unsustainable levels (i.e. $0) to drive growth and inflate your valuation, then make a swift exit. This strategy netted me ~$200k + $90m+ valuation.
pssssh I had $66k in cash and a $33 million valuation by basically randomly clicking and assigning things and never changing my price. Also accepting every popup offer that came along.