On your point on PMF, I had heard a VC talk about this. They said there are 3 kinds of PMF and in your journey you need to progress from one to the next. 1. PMF, 2. Profitable PMF, 3. Profitable Scalable PMF. And you are absolutely right regarding obsession with just PMF, ignoring unit economics. Some of this due to a lot of literature / talk based on software companies where your customer acquisition cost is almost 0 (think social media). But companies that involve physical supply chains and multiple value adding players, unit economics is super important.
Thanks for being honest about your journey. Thanks for sharing your story. Wish you all the best in your future endeavors; I am sure lesson from this adventure will go a long way in helping you succeed in that venture.
Thanks for being so open and honest. The lessons that you have learnt would not have happened if you hadn't started the company and I am sure you will eventually succeed.
Muy buen post. La capacidad de sintetizar la experiencia vivida demuestra un alto grado de reflexion dedicada para escribir el articulo. Gracias por la vulnerabilidad, honestidad y por compartir para todos aprender indirectamente.
Leaving ecommerce for health tech, you must be a sucker for punishment :) I kid!
Well done on the effort and for writing about it. All the best in your future endeavours.
On your point on PMF, I had heard a VC talk about this. They said there are 3 kinds of PMF and in your journey you need to progress from one to the next. 1. PMF, 2. Profitable PMF, 3. Profitable Scalable PMF. And you are absolutely right regarding obsession with just PMF, ignoring unit economics. Some of this due to a lot of literature / talk based on software companies where your customer acquisition cost is almost 0 (think social media). But companies that involve physical supply chains and multiple value adding players, unit economics is super important.
Wishing godspeed on your next chapter
Thank you for this Nico! You are a true inspiration. Hope to meet you one day and talk, I leave my LinkedIn.
https://www.linkedin.com/in/marco-garc%C3%ADa-28233a174
Regards!
- Marco García
Love to know more abput your interest in Health Tech Nico
Heres my link https://www.linkedin.com/in/juliocid/
CONGRATS !!!!!
Por su visión (pero sobretodo), por su honestidad y humildad para decantar y hablar al detalle
de errores, aciertos y reconocimientos de NETA y el equipo.
#SethGodin dice "Kindness is my business model". Me gusta repetir esa frase.
Y creo que esa frase le hace MATCH!!! Buen viento y buena mar Nicolás.
No sé cómo pueda ayudar, pero aquí estoy para lo que tenga que ver con Narrativas,
Creatividad, Redacción, Branding o para hablar de libros o fútbol.
a n d r é s g o l d s w o r t h y .
Thanks for being honest about your journey. Thanks for sharing your story. Wish you all the best in your future endeavors; I am sure lesson from this adventure will go a long way in helping you succeed in that venture.
It’s great but would be good to define acronyms before using them.
Tks for sharing!
Well done!
Thanks for being so open and honest. The lessons that you have learnt would not have happened if you hadn't started the company and I am sure you will eventually succeed.
Amazing! Can’t imagine the thoughts to take this decision. Congratulations for having the balls to do it. You will have successful next company 💪🏻
This is brilliant! Thanks for the courage and generosity to share this. I have no doubts your next company is going to be a great success Nico.
Great post thanks for sharing!
Thanks for writing it and learning in public. #respect. Will for sure help other founders and future founders. Thanks for sharing.
Muy buen post. La capacidad de sintetizar la experiencia vivida demuestra un alto grado de reflexion dedicada para escribir el articulo. Gracias por la vulnerabilidad, honestidad y por compartir para todos aprender indirectamente.
Holly s***, def one of the best things I read this year. Thank you so much for it.