Chapter
Achieving Millionaire Status without the Startup Lottery
30:36 - 33:59 (03:23)
The idea of winning the startup lottery by inventing the next big thing, or working for years to save the same outcome in paying taxes, is not the only way to become a millionaire. Achieving multi-million revenue is not always the goal for entrepreneurs who quickly raise VC.
Clips
The advantage of bootstrapping your startup is that it allows you to focus on providing a solution to a single problem, get some customers, and generate revenue before building another feature.
30:36 - 31:53 (01:16)
Summary
The advantage of bootstrapping your startup is that it allows you to focus on providing a solution to a single problem, get some customers, and generate revenue before building another feature. Many startups raise VC too quickly and fail to generate sustainable revenue.
ChapterAchieving Millionaire Status without the Startup Lottery
EpisodePieter Levels: Making $2.7M A Year With No Employees
PodcastMy First Million
The idea of achieving millionaire status without winning the startup lottery is more achievable than building a million-dollar business.
31:53 - 33:59 (02:06)
Summary
The idea of achieving millionaire status without winning the startup lottery is more achievable than building a million-dollar business. An idea guy shares some potential niches including making a website for X, Nomad List for other niches, and the immigration one for other things.