🗺️ 📍You MUST pick a beachhead market for your first wave of growth.
If you don't, you will likely end up like the 90% of seeded startups that never get to a Series A.
Broad positioning is usually the culprit.
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What happens when you are positioned too broad?
🚰 Your messaging becomes watered down.
Decrease in ad & landing page conversions
The quality of sales leads gets worse
Increase in divergent feature requests
The product roadmap decisions are always a fight
🚫 Your sales process isn't repeatable.
Reps have to "do whatever it takes" to close deals
Marketing can't keep up with the variety of industries, use cases, and personas
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Take Equipifi for example.
Bryce Deeney, Arthur Miller, and Bill Simmons just raised a $12M Series A with a very specific approach to their positioning with strong fundamentals. (See image)
This enabled them to tell a PREDICTABLE growth story to VCs.
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