Where startup founders raise millions and listeners can invest. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
…
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Content provided by Mistral.vc. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mistral.vc or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Similar to A Product Market Fit Show | Startup Podcast for Founders
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He raised $30M & failed. Then raised $0 & grew to $550M in revenue. Here's what he learned. | Mike Salguero, Founder of Butcherbox
Manage episode 478201092 series 3298391
Content provided by Mistral.vc. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mistral.vc or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Mike first raised $30M for a marketplace that never truly had product-market fit. Then he bet only $10K on ButcherBox. A few years later, he's doing $550M in revenue and he's profitable.
The difference is in his first startup he was just catering to investors— in his second one only to customers. If you’re an early founder chasing growth, listen to how Mike ditched vanity metrics, found sustainable traction, and grew ButcherBox past $500M in revenue—with no outside funding.
____
Why You Should Listen
1. Why not raising can often be a powerful forcing function.
2. Why what VCs want is often not the same as what customers want.
3. How to differentiate in what seems like a commoditized market.
4. Why there is no stronger force in startups than true product-market fit.
______
Keywords
product market fit, bootstrapping, butcherbox, direct to consumer, CPG subscription, grass fed beef, founder lessons, Kickstarter, food startup, early stage founder
_____
(00:00:00) Mastering the VC Game
(00:01:45) How I Raised $30M Without Product Market Fit
(00:08:21) Why my VC-backed Startup Failed
(00:15:34) Growing Revenue but Losing Money
(00:28:07) Early Signals of Real Product Market Fit
(00:34:59) Solving Supply Chain to Scale ButcherBox
(00:39:43) Bootstrapping to $550M (The Power of Constraints)
(00:51:18) Product Market Fit from Day One
(00:52:42) Why Founders Need a Lifestyle Plan
Chapters
1. Mastering the VC Game (00:00:00)
2. How I Raised $30M Without Product Market Fit (00:01:45)
3. Why my VC-backed Startup Failed (00:08:21)
4. Growing Revenue but Losing Money (00:15:34)
5. Early Signals of Real Product Market Fit (00:28:07)
6. Solving Supply Chain to Scale ButcherBox (00:34:59)
7. Bootstrapping to $550M (The Power of Constraints) (00:39:43)
8. Product Market Fit from Day One (00:51:18)
9. Why Founders Need a Lifestyle Plan (00:52:42)
181 episodes
Share
Manage episode 478201092 series 3298391
Content provided by Mistral.vc. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mistral.vc or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Mike first raised $30M for a marketplace that never truly had product-market fit. Then he bet only $10K on ButcherBox. A few years later, he's doing $550M in revenue and he's profitable.
The difference is in his first startup he was just catering to investors— in his second one only to customers. If you’re an early founder chasing growth, listen to how Mike ditched vanity metrics, found sustainable traction, and grew ButcherBox past $500M in revenue—with no outside funding.
____
Why You Should Listen
1. Why not raising can often be a powerful forcing function.
2. Why what VCs want is often not the same as what customers want.
3. How to differentiate in what seems like a commoditized market.
4. Why there is no stronger force in startups than true product-market fit.
______
Keywords
product market fit, bootstrapping, butcherbox, direct to consumer, CPG subscription, grass fed beef, founder lessons, Kickstarter, food startup, early stage founder
_____
(00:00:00) Mastering the VC Game
(00:01:45) How I Raised $30M Without Product Market Fit
(00:08:21) Why my VC-backed Startup Failed
(00:15:34) Growing Revenue but Losing Money
(00:28:07) Early Signals of Real Product Market Fit
(00:34:59) Solving Supply Chain to Scale ButcherBox
(00:39:43) Bootstrapping to $550M (The Power of Constraints)
(00:51:18) Product Market Fit from Day One
(00:52:42) Why Founders Need a Lifestyle Plan
Chapters
1. Mastering the VC Game (00:00:00)
2. How I Raised $30M Without Product Market Fit (00:01:45)
3. Why my VC-backed Startup Failed (00:08:21)
4. Growing Revenue but Losing Money (00:15:34)
5. Early Signals of Real Product Market Fit (00:28:07)
6. Solving Supply Chain to Scale ButcherBox (00:34:59)
7. Bootstrapping to $550M (The Power of Constraints) (00:39:43)
8. Product Market Fit from Day One (00:51:18)
9. Why Founders Need a Lifestyle Plan (00:52:42)
181 episodes
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Similar to A Product Market Fit Show | Startup Podcast for Founders
Where startup founders raise millions and listeners can invest. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
Big tech is transforming every aspect of our world. But how, and at what cost? This season of Land of the Giants – The Disney Dilemma – focuses on Disney’s ability to weather the ups and downs of the business cycle and changing tastes and explores what has kept it successful for over 100 years. The entertainment giant has leveraged nostalgia and its intellectual property to build a beloved brand, but after an acquisition spree that included Marvel, Lucasfilm, and 20th Century Fox, can it sus ...
…
continue reading
Positive Leadership has the power to change the world. By focusing on trust, empathy, authenticity and deep collaboration, leaders can energize their teams to achieve success for individuals, their organizations, and society as a whole. Yet, it remains relatively unknown outside positive psychology and neuroscience circles. Join Jean-Philippe Courtois, former member of the Microsoft senior leadership team alongside Satya Nadella and co-founder of Live for Good, as he brings Positive Leadersh ...
…
continue reading
Interesting stories from today’s franchisors and entrepreneurs.
…
continue reading
The Partnership Economy explores the power of partnerships through candid conversations and stories with industry leaders. Our hosts, David A. Yovanno, CEO and Todd Crawford, Co-founder, of impact.com, unpack the future of partnerships as a lever for scale and an opportunity to put the consumer first.
…
continue reading
Kipp Bodnar (HubSpot’s CMO) and Kieran Flanagan (Zapier’s CMO), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way you’ll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
…
continue reading
It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
…
continue reading
Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn th ...
…
continue reading
The Greatness Machine is on a Quest to Maximize the Human Experience! Join Award Winning CEO and Author, Darius Mirshahzadeh (pron. Mer-shaw-za-day), as he interviews some of the greatest minds in the world―turning their wisdom and experience into learnings and advice you can use in your life so that you can level up and create greatness. Join Darius as he goes deep with guests like: Moby, Seth Godin, Gabby Reece, Amanda Knox, UFC Ring Announcer Bruce Buffer, Former FBI Negotiator Chris Voss ...
…
continue reading
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