How to do $4M in revenue w/o funding
Mike Krilivsky, Founder & CEO at RageON with whom I had great fun to chat with, is undeniably Silicon Valley’s most genuine entrepreneur. Mike’s RageON startup story embodies the power of what an idea can become by igniting a movement within a community. While other startups make fundraising a primary goal — Mike focused on creating first a vibe throughout his target audience — associating fun, simplicity and artistic freedom to his product. By doing so he validated and optimized over years his customer’s need — and is reinventing today the merchandising business.
Off the record: If you like the no-BS style — you are reading/watching the right thing by the right author, therefore make the time, unlock the 10 minutes by tweeting this post. You are the man / woman!
While during Mike’s journey he not only worked 24/7 on a regular basis, but he survived an accident that almost cost his life. As this wouldn’t be easy enough, short after he suffered also a tragic loss in his closest family. These challenges strengthen his faith in the “why” he’s doing what he’s doing … the purpose of the mission to “rageON through life” and pushed him to take the rageON brand from a late night slogan — to a $4M in revenue with no funding … which is only the beginning of the success story … you gotta love this guy!
In a couple minutes of your time watching the video, you can expect to hear / learn about:
- The importance of “eating your own dog food”
- How authenticity impacts a community
- How communities jump on trends
- Why the “purpose of what you do” is the most important thing in business
- Why “putting pepperoni on pants” hooks client’s
- Efforts to build an end-to-end manufacturer value chain
- How a MVP can generate few thousand Dollars from day 1
- How a simple mission satisfies a target audience
- What implies to take action on when growing fast
- The benefits of raising funds
- Raising $0.6M within days
- How Silicon Valley impact people and business
- The benefits of joining a startup accelerator
- How a mentor becomes an investor and eventually joins the CFO
- As long as you have goals — things can happen in SV
- Why DEMO day is a huge milestone in Startup life
- Traction and KPI going through the roof
Watch highlights of Mike’s pitch at the Alchemist’s Demo Day
(!!) And, the most genuine way of showing virtual appreciation for a writer is to share & tweet. In case you haven’t done it yet … I’m looking forward to it! Thank you for reading/watching this and stay tuned for next week’s post.
Originally published at whatittak.es.
