What is the importance of finding product market fit?
— Finding product market fit is crucial for startups as it helps justify why they deserve more funding and increases their chances of success.
Why is it important to focus on actual results rather than means to an end?
— Success is determined by the results achieved, not by having a team or a cool office, so startups should prioritize achieving tangible outcomes.
Is cutting burn and aiming for break-even advisable?
— Yes, cutting burn and striving for break-even is often the right approach if a startup has a hit product market fit for the first one to two million dollars.
What are the consequences of not reaching break-even?
— If a startup doesn't reach break-even, they may continue to optimize for investors instead of generating revenue for their users.
How can startups attract investors?
— Startups can attract investors by having a solid plan, executing it well, showing sustained growth, and avoiding a desperate series fundraise.
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