Richard Velasquez

Founder | CEO | @mooch_app_ | $3M raised with 50K customers | Sharing my startup learnings to help fellow founders build and grow their startups | DM is open

[Richard Velasquez @moochfounder]

In 2020, I built my first startup.

In 2023, I've earned 50K customers, 530K followers and $3M in funding.

But 70% of startups fail in the first 5 years.

Here's how any founder can build a successful startup with my 4 simple steps:

🧵

[Richard Velasquez @moochfounder]

@Tam3ron @alexisohanian @sevensevensix Thanks @Tam3ron. Just applied. Seems really cool. cc @alexisohanian

[Richard Velasquez @moochfounder]

How to know if people will pay for your products?

By getting them to pay.

When I started Mooch in 2020, I would

- Meet people on Zoom
- Ask if I could hold their funds on Venmo for their budget

And shockingly, they said yes.

That’s how I knew my market would pay for my stuff

[Richard Velasquez @moochfounder]

Startup tip:

Don't wait too long to perfect your product

Just launch it.

Get feedback from users.

And improve it based on feedback.

This way, you will

- Test the market
- See if there's demand
- Not build unnecessary features

[Richard Velasquez @moochfounder]

Y combinator has launched startups worth over $600 billion.

They've helped Airbnb and PayPal reach over $100 billion valuation.

But you must pay $125,000 to join Y combinator's startup program.

Or you can steal their expensive startup program here in 2 minutes🧵🧵

[Richard Velasquez @moochfounder]

90% of startups fail.

But you can avoid costly mistakes by learning from the best founders.

Here are 10 golden threads to 10x your startup progress🧵

[Richard Velasquez @moochfounder]

Every startup needs key drivers of growth.

For example?

In 2010, Dropbox gained 3,9M users in 15 months from a referral program.

In 2014, Slack gained 60K users 10 weeks after its launch because people must invite their friends to use Slack.

See?

That's what happens when you find your growth driver.

[Richard Velasquez @moochfounder]

My startup has got

- $3M in funding
- 50k customers
- 530k social media followers

So I'm here to share my best learnings for fellow founders.

Follow @moochfounder for a front-row seat to success.

[Richard Velasquez @moochfounder]

There are 3,200,000 podcasts in the world.

But 99% of them are trash.

Here are 10 popular podcasts that'll teach you everything about business and entrepreneurship in 2024

🧵(No clickbait)🧵

[Richard Velasquez @moochfounder]

10) How I Built This

This podcast contains success stories from a range of entrepreneurs and innovators.

As you learn how the best in business built their success, you’ll discover new strategies you can apply in your business journey.

https://t.co/wBB44fAN2j

[Richard Velasquez @moochfounder]

@pxue Is this in the context of partners for a business ? paul

[Richard Velasquez @moochfounder]

@cjaythecreator Oh my...hahahah