🎉 Hey Failories! It's Nico here.

This week I bring you an interview with Tally's founder, an article analyzing Tink Labs' failure, and the four must-reads of this week.

Btw, on Monday, we're launching Failory's #1 online course, called "Pre-Sell to Validate." Make sure to purchase it before then if you want to access the current big pre-selling discount.

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content 📚

💰 Bootstrapping a freemium no-code form builder to $6k MRR. Marie is the co-founder of a great SaaS tool called Tally.

She launched it a year ago and has since grown it to 12,600 users and $6,000 in MRR, while staying bootstrapped. Learn how to build and grow a SaaS in a competitive market.​

️💀 Why did Hong Kong's 1st unicorn fail? Tink Labs was a business that supplied hotel chains with smartphones that their visitors could use for free. They raised over $160M and, during the first years, it seemed as if the business had found PMF.

However, good PMF didn't last long as internet-based communication tools spread, which, summed up to a huge cash burning rate, led to the business' shut down. Here's the failure story of Tink Labs.​

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🔴 Which path is best for your startup? Join the discussion on the balance between cash in the bank and money needed to validate and grow your business - the ultimate chicken-and-egg problem for founders. Register For The Live Stream →

️📢 State of Independent SaaS Survey. MicroConf (we interviewed his founder last week) is running its yearly survey on the state of bootstrapped SaaS startups.

I'll be sharing their discoveries as they release them. In the meantime, you can complete the survey here.​

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what I'm reading 👀

​ConvertKit's rename failure story. If you're subscribed to this newsletter, you probably agree with me that there's a ton to learn from business mistakes. That's why I wanted to share this article by ConvertKit's founder, Nathan Barry, on their big mistake renaming ConvertKit to Seva.

​Six rules of hiring for growth. Founders commit lots of mistakes when building their growth teams. In this guest post published in Lenny's Newsletter, Elena Verna shares a step-by-step framework for how to go about building a successful growth team.

​Growth resources. Early this week, Lenny Rachitsky, from Lenny's Newsletter, compiled a list of several resources related to startup growth, divided into 7 areas, including experimentation, strategy, SEO, and CRO.

​The Whole Coupang. Coupang is South Korea's Amazon competitor. While the company is far smaller than the US eCommerce giant, Coupang has achieved some impressive milestones and done what Amazon hasn't been able to. This article analyzes Coupang's strengths and its future.

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That's all for this week. Let me know if you have any questions!

Cheers,

Nico

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