You never forget your First Million.
On Hot Takes, Big Stakes, host Natalie Holloway, founder of Bala, and co-host Lana Elie, founder of Floom, are here to help you turn your time into real value.
In today’s episode, Natalie directly interviews Lana about the process of making the first million dollars with her company, “Floom.” For both Natalie and Lana, their companies reached this milestone in only their second year of operation.
Times are changing quickly, and with the advent of Artificial Intelligence, the barrier to entry for many software companies is lower than ever. In this conversation, Lana shares her advice on building a company from the idea stage to its first 100 customers, then 1,000 customers, one million dollars, and beyond.
Each episode of Hot Takes, Big Stakes brings you real conversations with high profile business leaders. No jargon. No sugarcoating. Just the honest truth about what it takes to build a company from the ground up.
00:39 Introduction & Today’s Topic: Floom’s First Million
02:25 Doing Your First Million in One Year
04:00 Executing an Idea in the Tech Space Without Experience
06:35 Pitfalls to Avoid
09:26 Finding Your First 100 Customers
17:55 Finding Your First 1000 Customers
18:26 Managing Your Mindset
22:00 Biggest Mistakes When Striving for Your First Million
27:23 Hot Takes
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