Live data from Hacker News

Ask HN: What made your business take off that you wish you'd done much earlier?

news.ycombinator.com

1–10 of 492 posts

Re: Ask HN: What made your business take off that you wish you'd done much earlier?

#2
I became a specialist. In my industry there are a ton of general consultants. Some make millions, most get by.

When I chose to specialize, not compete with the general consultants, but make all of them clients, that’s when business took off.

Re: Ask HN: What made your business take off that you wish you'd done much earlier?

#5
Not my own business but from my experience at the B2B SaaS company I work for –

Hire salespeople! It will be obvious when you need to do it. You will put it off by saying that the entire sales industry is made up of needless gatekeepers and leeches, and that those fat commissions are better invested elsewhere in the business. Except you will see your self-serve funnel dry up and your well-funded competitors will start eating your lunch unless you take that leap.

It doesn't matter how smart your engineers are and how fully featured and bug free your product is. Unless you have a stellar sales team with the right leads who are pushing it on people with all their might, it is going nowhere.

Re: Ask HN: What made your business take off that you wish you'd done much earlier?

#7
1. When we started to specialize in a vertical and created the narrative and the product for that vertical. This is esp. true in domains with many legacy players.

2. For some reason or the other, we have always had delays in announcing our fundraising rounds: both Seed and Series A announcements were delayed by 3-6 months. The moment we announced, we got a step magnitude more inbound customers. Lesson here is to not be a perfectionist and be willing to share the company/product publicly earlier, so you can incorporate customer feedback early.

PS: If it helps provide context for (1) above, our domain is fraud prevention; and we focused on payment fraud for Fintechs/Crypto instead of going after generalized fraud prevention across all categories like ecommerce.

Re: Ask HN: What made your business take off that you wish you'd done much earlier?

#8
post #5

Not my own business but from my experience at the B2B SaaS company I work for – Hire salespeople! It will be obvious when you need to do it. You will put it off by saying that the entire sales industry is made up of needless gatekeepers and leeches, and that those fat commissions are better invested elsewhere in the business. Except you will see your self-serve funnel dry up and your well-funded competitors will star…

This 100%!

My experience here: https://twitter.com/paulstovell/status/1389881033470869504

This talk by Paul Kenny is a really good talk here about the value of the sales function even if you don't want the revenue:

Paul Kenny: Selling Sales to Techies (2010): https://vimeo.com/96703844

Re: Ask HN: What made your business take off that you wish you'd done much earlier?

#9

1. When we started to specialize in a vertical and created the narrative and the product for that vertical. This is esp. true in domains with many legacy players. 2. For some reason or the other, we have always had delays in announcing our fundraising rounds: both Seed and Series A announcements were delayed by 3-6 months. The moment we announced, we got a step magnitude more inbound customers. Lesson here is to not…

There's no causal relationship between the extra 3-6 months per round and the revenue increase?
Post reply on HN