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Eric Siu discusses why overnight success is a myth. Companies like Lovable, Clay, and Replit spent years building before their revenue took off. Most founders underestimate how long consistency matters before growth accelerates.
Eric Siu discusses why overnight success is a myth. Companies like Lovable, Clay, and Replit spent years building before their revenue took off. Most founders underestimate how long consistency matters before growth accelerates.
Many of the best companies go slow before exploding their revenue. Lovable spent 18 months building before their breakthrough success. So Lovable, I think, is doing 9 figures a year. Kyle Pollard tweeted this. So basically only 3.3% of SaaS startups reach $1 million ARR in less than a year, and just 1 in 1,000 reach $10 million in less than a year, right? And so here you have Lovable, it's been 18 months building. Clay grinded for 6 years before seeing revenue traction. Bolt.News, I mean, they spent 7 years crawling their way to $700K in ARR before their new product exploded, which is, I think now they're doing like close to 9 figures or something like that. But the point is a lot of these situations, it just takes a long time to grow. And Replit, I think, took over what, like 8, 9, 10 years or whatever? And now they're doing, you know, multiple 9 figures. So many of the best companies, they go slow before exploding their revenue. People believe everything will happen overnight. And you and I know that's not the scenario. Yeah, they believe it's an AI growth. They look at it like young kids too. Yeah, it's not. Most founders are like 40+ years old, the successful, like big companies, right? Really? I didn't know it was that old. I assumed it was in the early 30s. It's like 45, 50. It's 30s because we've seen Mark Zuckerberg and we've seen like these people. Yeah, Matt Mullenweg and a few of those. Interesting. Yeah, he was young too, right? When he started Automattic. I think that was his only company he created.
