1% Market Penetration
"This startup is going to be easy because I only need 1% of the market to be profitable!"
^ Overheard during a recent startup pitch.
π€¦π»ββοΈ
βHere's the problem:
β
1% of a 50 billion dollar market
Is $500,000,000.
Which, for a company with a $100k ARPU,
Is 5,000 customers.
Which is INCREDIBLY hard to achieve.
Especially when you currently don't even have 1.
β
1 isn't always a small number.
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