The speaker discusses the reasons why big companies are willing to pay millions for a product that may not have any revenue or users. They prioritize strategic goals that can potentially bring a significant payoff for their company value.
The speaker discusses investing in billion-dollar companies, such as Airbnb and Tesla, and shares how they decided to invest in Atlassian.
In this podcast, the interviewer discusses with an unnamed individual the rapid growth of a common product, which accumulated $40 million revenue in the first year of sale and aims for $50 million in the second year with all marketing.
The speaker shares his experience of how he started his website flipping career by buying and selling websites for a profit, starting with a pinata website that he bought for $5,000 and sold for $22,000. He emphasizes the importance of gaining experience and starting small before moving on to bigger projects.
After realizing their product wasn't growing as expected, a startup team committed to meeting every day and tracking whether or not they're on track for their 10% week over week growth goal to turn the company around and survive.