Reflecting on my failure to build a billion-dollar company
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Gumroad started as a weekend project that quickly attracted millions in venture funding, but growth stalled and led to laying off 75% of the team. Rather than shut down, the founder chose to keep the business running for the creators who depended on it. Over time, the company became lean and profitable. Sahil now measures success by the value created for others, not by chasing a billion-dollar valuation.
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](https://twitter.com/shl/status/54072049395712000)
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Sahil Lavingia
](https://twitter.com/shl/status/54072049395712000)
Just had an idea for my first billion-dollar company. Tomorrow, I start building it.
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