We launched and had immediate success. The buzz was unbelievable. Within months, we were on track to do $1 million in revenue a year.
As we grew, our burn rate grew, too. We were losing money on every meal — if only we could get to critical mass.We were always "one to two months away" from managing the burn. Nonetheless, it was growing three times faster than Udemy, my previous company, had. Margins were improving — we were down to losing just $1 a meal.1,300 employees I had never felt better. I was confident and getting super strong reviews from my team. The public treated me like a star, which was both uncomfortable and awesome. Even my dating life felt like it had improved significantly.All of a sudden, everything changed. We scrambled to figure out why.
Board meetings were tense: Should we restart? We had $15 million in revenue still — if we closed, we'd lose it.
gaganbiyani Revenue are not earnings. It's a no-brainer to give away a 10$-bill for 8$ and to generate huge revenues by these activities.
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