My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Software companies that grow slowly (4+ years to $100k MRR) often have better exits than fast-growth companies
The Reasoning
Slow growth often indicates solving real problems with sustainable business models, while fast growth can mask fundamental issues
What Needs to Be True
- Customers truly love the product despite slow adoption
- Low churn rates indicating real value delivery
- Sustainable unit economics from early stage
- Market timing eventually aligns with solution
Counterargument
Slow growth often indicates poor product-market fit, limited market size, or execution problems that rarely resolve themselves
What Would Change This View
Data showing most slow-growth software companies fail vs succeed, or evidence that speed of growth doesn't correlate with exit quality
Implications for Builders
Don't abandon software companies too quickly if fundamentals are sound
Focus on retention and customer satisfaction over growth rate
Be prepared for 5-10 year journey in B2B software
Validate problem deeply before optimizing for speed
Example Application
“Follow-up Boss took 4 years to reach $100k MRR but eventually sold for $500M due to strong customer retention and market position”
Related Knowledge
Pivot vs Persevere Decision Framework
A structured approach to deciding whether to continue with current strategy or change direction using time-boxed milesto
All Content is Marketing Framework
Strategy where content creation and marketing become indistinguishable - every piece of content serves both audience val
Discover and validate business ideas through direct customer research
Identified pain point with paying customers willing to pay premium for better solution
Capture early value from new platform launches
First-mover advantage on new platform with significant user adoption before competition increases
Owner Psychology as Business Root Cause
All business problems ultimately trace back to the psychology, fears, and mental blocks of the business owner
Experience Over Belief Trading
People's stated preferences (what they say they want) often differ from revealed preferences (what they actually do), so