Noah Kagan's email newsletter by Noah Kagan

All issues

My $70M business almost went bankrupt

In 2010 I started AppSumo to get amazing deals on the best software. 


It started off as a small project, now we’re on pace to do $70M annual revenue.


But I almost gave up on it in 2014… 


🎥 How My $70M Business Almost Went Bankrupt


image


Wow, we packed a TON of nuggets into this video. Learn behind-the-scenes of how we pushed through to grow to $70M.



📚 Chegg's Startup Story


image


This podcast outlines Chegg’s early days. And it’s an EPIC underdog story. 


They started as “Craigslist for colleges”. Then changed their name to Textbookflix to be “Netflix for college books”. 


To get started they actually ordered the books directly from Amazon and shipped straight to the customers. No warehouse. No inventory. 


Great reminder especially when starting out… focus on finding what the CUSTOMER actually wants (discounted textbooks, free returns). Then build the rest. 



🤠 Customers First


image


Align your business incentives with your customer’s success… and that’s where the magic happens. 



Be Epic, 

Noah Kagan


Share
Get the next issue in your inbox
Free, and you can unsubscribe any time.

0 comments

More issues

All 416 →
#161 Apr 23, 2021

See you at office hours in 30 minutes?

Read issue →
#160 Apr 22, 2021

Biggest opportunities of the decade

Read issue →