This CEO built his company for $60 in one weekend—it brought in $80 million last year: ‘You can copy my model’

Noah Kagan’s “Million Dollar Weekend” isn’t about overnight riches. As the founder and CEO of AppSumo, he emphasizes the importance of seizing opportunities and taking swift action. In 2010, Kagan saw potential in creating a PC version of MacHeist, a discounted software bundle for Apple users. He launched AppSumo over a weekend with minimal investment, leveraging partnerships and low-cost development to generate millions in revenue annually.

For aspiring entrepreneurs, Kagan offers practical advice distilled into three key steps. Firstly, he stresses the urgency of starting immediately, advocating for learning through action rather than prolonged research. Secondly, he emphasizes the art of asking – seeking feedback, partnerships, and customers with confidence and resilience in the face of rejection. Lastly, Kagan underscores the significance of addressing existing market demand, urging entrepreneurs to identify and solve problems people are willing to pay for.

His approach highlights the iterative nature of entrepreneurship, where experimentation and learning from setbacks are integral to success. By embracing failure as part of the journey, aspiring business owners can refine their ideas and strategies, ultimately increasing their chances of building sustainable ventures………….[read more]

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How do entrepreneurs effectively identify and address market demand, and what role does resilience play in navigating rejection and setbacks along the path to success?

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Jahquez

5 months ago

Entrepreneurs find something that makes their thing unique by identifying the much needed addition to an existing product or a completely new thing. And staying resilient. It’s not always gonna work the first time so by continuing to go and making a better will definitely help the overall invention quality and help set the standard for products that follow them