💀 Raised €250k but failed to find PMF

The failure story of HelloTyro, which went from raising €250k to bankruptcy.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🎉 Hey Failories! It's Nico here.

Three new interviews today (1 failed startup, 2 successful ones) and many interesting links for founders.

interviews & news 📢

💀 Raised €250k but failed to find Product-Market Fit. That's the story of Hello Tyro, a platform that matched students with internship opportunities in Belgian startups.

Revenue reached €4k MRR at their top, but they were burning more than what they made, so they eventually ran out of cash and had to file for bankruptcy.

Pierre, Co-Founder and COO of Hello Tyro, came to Failory to share the story of their failure.

🛠 From a screwed MVP to a $8k/mo marketplace. All bootstrapped, while being ~20 years old.

Dominic's journey with MentorCruise (which I use and love) is amazing. He's a great example of persistence and astuteness at the moment of choosing an acquisition channel. Here's his growth story.

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🥊 Building a six-figure business in the fitness industry. What started as a blog has become a lifestyle company focused on helping people push their limits and do the impossible.

Starting from an audience has been great part of Impossible's success. Here's their whole story.

🚀 We're soon launching many content projects on Failory. Let me list them:

  • Database of pitch decks. 2-3 weeks from now.
  • Google Cemetery. 2-3 weeks from now.
  • Database of unicorn companies. 4-5 weeks from now.
  • Online course. +2 months from now.

Let me know if you have any other ideas ;)

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

what I'm reading 👀

This huge analysis of Gumroad's features, business model, valuation and more. Gumroad is probably the most impressive bootstrapping story out there.

"What You'll Wish You'd Known" from Paul Graham in 2005. It's a talk he prepared for high-school students.

10 factors to consider when evaluating marketplaces. This part kept me thinking: "Great marketplaces... leverage the connective tissue to offer the consumer a user experience that simply was not possible before the arrival of this new intermediary".

10 predictions about the Creator Economy for the next decade, from the founders of Podia.

--

That's all for this week. I hope you enjoyed it.

Let me know if you have any questions!

Cheers,

Nico

--

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