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Stop celebrating your launch date. Start celebrating your payback period.

I remember it vividly. My first startup, GoGrabLunch, launched on a Friday. I’d just finished a long trail run and was cooling off in my car, checking sign-ups on my phone.

I had to wipe the sweat from my eyes to see the stats: 45 countries. Sign-ups were pouring in from across the globe. We thought we’d conquered the world. Two years later, I shuttered the business.

Despite attracting big-name investors and interested acquirers, we had a fundamental flaw: We couldn't monetize fast enough.

In the growth-stage world, "buzz" is a vanity metric. If you can’t prove that $1 invested turns into $3 (or much more), you don’t have an investable business—you have an expensive hobby.

The Reality Check: Launch dates create ego. Payback periods create reinvestment. If you want to scale, stop looking at the map of users and start looking at the velocity of your capital.

Mar 22
at
3:03 PM
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