This college dropout sold his first company for six figures at 21. Here's his recipe for success

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This college dropout sold his first company for six figures at 21. Here's his recipe for success (via CNBCMakeIt)

The startup has raised $13 million so far, including a Series A funding led by NBA star Kevin Durant's 35 Ventures, World Cup champion Blaise Matuidi's Origins Fund and Dapper Labs Ventures.It's common for entrepreneurs to attribute the success of their startups to finding a good product-market fit.

They're able to go into it and make money, but they burned out faster than other founders who have founder-market fit.Kim said he knew he always wanted to build products around the four areas that speak to him — sports, gaming, music and fashion. "Without product-market fit, you wouldn't be able to survive as a business due to there being no real demand or supply between your product and the audience."

"I could see they were all focusing on one-dimensional content and building towards betting. This was an interesting opportunity for me to take a look at the next generation of fans and think 'who's building for these fans?'" he told CNBC Make It. "Why should talented people join your company and grow with you? This question cannot be answered by just the product that you are building, but also the company and culture you're building," he added.

 

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MakeIt So $70K after taxes lmao, stick with a day job

MakeIt Sold it for $100,000?

MakeIt i did a double take at “six figures” maybe he should have stayed in school

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