How To Make $1M So Fast, Your Accountant Gets Nervous.
My First Million episode 790, in which Shaan Puri talks with Tyler Denk, co-founder of the newsletter platform beehiiv, about how the company got its first million dollars in revenue, which Tyler says took about a year. Tyler says most people could replicate the strategy and walks through it step by step: launch with one story of credibility or a painful problem, talk to a couple hundred potential customers, get the first 100 users, ship one marketable feature, and send a message from the founder. He shares a growth trick of following and messaging every person who signed up under a manual approval flow, and says monthly investor updates replaced coffee meetings and helped raise a Series A of 12.5 million dollars in a week. Sponsor named in the description: beehiiv, the guest's company, with its newsletter challenge. PARTIAL COVERAGE: this note draws on the opening, the story and customer interview sections, the founder message trick, investor updates and the closing, and may miss parts of the roughly 54 minute video. Revenue and funding figures are the guest's own claims and not independently checked. Nothing here is financial, investment or legal advice.
Executive Summary (TL;DR)
My First Million episode 790, in which Shaan Puri talks with Tyler Denk, co-founder of the newsletter platform beehiiv, about how the company got its first million dollars in revenue, which Tyler says took about a year. Tyler says most people could replicate the strategy and walks through it step by step: launch with one story of credibility or a painful problem, talk to a couple hundred potential customers, get the first 100 users, ship one marketable feature, and send a message from the founder. He shares a growth trick of following and messaging every person who signed up under a manual approval flow, and says monthly investor updates replaced coffee meetings and helped raise a Series A of 12.5 million dollars in a week. Sponsor named in the description: beehiiv, the guest's company, with its newsletter challenge. PARTIAL COVERAGE: this note draws on the opening, the story and customer interview sections, the founder message trick, investor updates and the closing, and may miss parts of the roughly 54 minute video. Revenue and funding figures are the guest's own claims and not independently checked. Nothing here is financial, investment or legal advice.