Getting to $10M ARR in very early markets

 Hiten's Pick 

Extreme Questions To Trigger New, Better Ideas

Our daily work often requires we be "no forest, all trees." If you want to spark bigger and better ideas, the prompts in this article are very helpful. Here are a few of my favorites:

  • If you were forced to increase your prices by 10x, what would you have to do to justify it? 
  • If your biggest competitor copied every single feature you have, how would your company still win?
  • If you could only ship one thing this year, what would it be?
Check out the complete list of prompts and their explanations here
 Business 

How Transportation Technologies Shaped Empires

This article offers a fascinating history lesson about how transportation technologies grew and killed empires. It started by allowing empires to expand their control, but other forces like nationalism, fertility, and economic strength took over. The Internet has the same influence on the world. How do you think it'll change us as a result? 

A Basic Guide to Acquisition Offers

Acquisitions are a big decision. It may be the right choice, but it can also be a significant distraction. Before you choose it, understand why many offers differ from what they seem and what you should look out for before starting with a potential acquirer. This guide covers understanding key terms, the liquidations waterfall, and common pitfalls of the M&A process you should avoid. 

 Product 

Building an Internet Scale Meme Search Engine

Memes are a part of the way we communicate with people now. But we've all been there—when we're in the moment, we can't find the exact meme we're looking for. This is how one engineer is tackling the problem by creating scalable OCR
 

The Fastest Way To Deliver the Right Software

Jason Gorman shares one of the biggest conclusions he's come to during his career as a software developer: The fastest way to deliver the right software is to deliver the wrong software sooner. It's best to abandon your hopes of getting it right the first time. Do you agree?

 Marketing & Sales 

Getting to $10M ARR in Very Early Markets

Learning how to build a company in a new or non-existent market is a topic startups should obsess about. Finding product-market fit is only part of the journey. Often, startups engage in a multi-year battle of attempting to grasp the product and market simultaneously. This dance is called "market annealing." Here's what you need to know about it.

How To Write Better ChatGPT Prompts

ChatGPT is an incredible tool. Getting the most out of it comes down to good prompt engineering—the better the prompt, the better the output. This guide to writing better prompts is worth bookmarking. Remember that the tool is meant to be conversational. The more precise you can be, providing examples of how it should return the output, the better. 

 Growth 
Software Thrives During Recessions

According to the IMF, about a third of the global economy is entering a recession in 2023. The good news is software thrives during recessions. In a study analyzing over 100 million online job listings between 2007 and 2015, the cities in the US most severely impacted by a downturn saw an increased demand for higher-level, computer-related skills.  

Figma's Forecasting Model

Figma's 40th employee, Sean Whitney, built a self-serve forecast model that consistently predicted ARR growth within 5%. This article provides a rare glimpse into how his team made something that covered the entire customer lifecycle, broken into five parts. What would a model like this look like for your business?

 Management 
What Do You Talk About in 1-on-1s With Your Managers?

Someone posted a question on Hacker News asking what people talk about in 1:1s with their managers. His thought: A week doesn't feel like enough time to get things done, and 30 minutes isn't enough for deep dives. The responses will give you some interesting ideas to make your 1:1s more effective

Our SaaS Startup's Expenses and Results After Six Years

Six years ago, Outseta's co-founder, Geoff Roberts, published an announcement sharing what they intended to build for the first time. What the company has accomplished over the past six years is inspiring. They've managed to run as lean and sustainably as possible, they have an incredibly unique compensation structure, and their company growth has been intentional. Their journey thus far will motivate you.

 Insight of the Week 
How To Build Out Sales

This is one of the best tweets I saw this week. Martin Casado reminds us that if a founder can't sell a product, then no one can. If a sales leader can't sell it, you can't build a team to sell it. And if a team within a company can't sell it, then no third-party sales team will either. So build out sales starting from the top



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How HubSpot grew so fast early on

Monday, January 9, 2023

HubSpot pioneered some of the most effective marketing techniques used by companies today. Here is a list of the ones that worked best. Hiten's Pick Nothing Is Going To Magically Change Brad Feld

The business genius behind MrBeast

Monday, January 2, 2023

MrBeast is one of the most successful creators in the world, with more than 109 million subscribers on his main YouTube channel. Hiten's Pick Steve Jobs' 1985 Playboy Interview In 1985, Steve

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Monday, December 19, 2022

The company's journey from private alpha to launch is fascinating. Hiten's Pick Validation is a Mirage Jason Fried makes a great point: Many people want to know how to validate a new product,

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Monday, December 12, 2022

The best managers are great individual contributors who never wanted to be managers. Hiten's Pick Nathan Baschez's Philosophy of Product Building Last week, I shared Nathan Baschez's

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Monday, December 5, 2022

Here are some predictions on what Generative AI will look like in the near future. Hiten's Pick Generative AI: A Creative New World Machines can analyze data and find patterns more efficiently than

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