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Reflecting on My Failure to Build a Billion-Dollar Company
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Manage episode 268178923 series 2766604
This week I chat with Sahil Lavingia (Gumroad.com Founder) who spent years running a profitable business with millions of adorning customers — only to be told again and again that he was a huge failure.
In this episode, Sahil and I discuss the expectations of taking VC money, and the metrics for success (and failure) that startups must answer to.
Sahil begins,
"In 2011, I left my job as the second employee at Pinterest — before I vested any of my stock — to work on what I thought would be my life’s work. I thought Gumroad would become a billion-dollar company, with hundreds of employees. It would IPO, and I would work on it until I died. Something like that. Needless to say, that didn’t happen. Now, it may look like I am in an enviable position, running a profitable, growing, low-maintenance software business serving adoring customers. But for years, I considered myself a failure. At my lowest point, I had to lay off 75 percent of my company, including many of my best friends. I had failed. It took me years to realize I was misguided from the outset. I no longer feel shame in the path I took to get to where I am today — but for a long time, I did. This is my journey, from the beginning."
Reflecting on My Failure to Build a Billion-Dollar Company
Episode Show Notes and Full Transcript
The Learn to Code Podcast is available on iTunes, Spotify, Stitcher, and YouTube. Follow One Month on Facebook and Twitter.
26集单集
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on February 26, 2024 13:50 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 268178923 series 2766604
This week I chat with Sahil Lavingia (Gumroad.com Founder) who spent years running a profitable business with millions of adorning customers — only to be told again and again that he was a huge failure.
In this episode, Sahil and I discuss the expectations of taking VC money, and the metrics for success (and failure) that startups must answer to.
Sahil begins,
"In 2011, I left my job as the second employee at Pinterest — before I vested any of my stock — to work on what I thought would be my life’s work. I thought Gumroad would become a billion-dollar company, with hundreds of employees. It would IPO, and I would work on it until I died. Something like that. Needless to say, that didn’t happen. Now, it may look like I am in an enviable position, running a profitable, growing, low-maintenance software business serving adoring customers. But for years, I considered myself a failure. At my lowest point, I had to lay off 75 percent of my company, including many of my best friends. I had failed. It took me years to realize I was misguided from the outset. I no longer feel shame in the path I took to get to where I am today — but for a long time, I did. This is my journey, from the beginning."
Reflecting on My Failure to Build a Billion-Dollar Company
Episode Show Notes and Full Transcript
The Learn to Code Podcast is available on iTunes, Spotify, Stitcher, and YouTube. Follow One Month on Facebook and Twitter.
26集单集
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