Bubble boys

"There is absolutely no bubble in technology"

Remember this? It beats the original.

Since shutting down Godmode, I've been meeting founders. Seed to Series C. All stages.

I focus on the ones doing better than me. The ones who already did better than me. Today that means millions in annual recurring revenue. Incredible growth rates.

Some examples:

• $5MM in 58 days

• $2MM in 74 days

• $9MM in 130 days

• $15MM in 7 months

More stories like these.

If you're a seed founder struggling for product-market fit, this hurts. I know because it hurt me when I was running Godmode.

The questions hit you. How? Why? What changed?

People say AI, right?

But here's the thing. If you built a decent product and marketed it right, you know customers don't care about AI. They care what your product does. Period.

So why not you?

I don't have answers. No relief for your pain either.

Here's what I have: We're in a bubble.

Remember last week's post? The quote about advice. Someone says it's raining, another says it's not. You don't believe either. You look out the window.

So I looked.

I talked to these founders. With some, I went far to get the truth. Bet $500 in a poker hand for it.

The truth? The numbers are wrong.

Best case: aggressive accounting. The amateurs run-rated their MRR numbers.

I thought to myself: Say they have 30% churn. The revenue is still amazing.

Turns out they have 70%.

So what?

This isn't an excuse. Don't use it to escape the silence. The agony of building without traction.

You still have to go out there. Build. Hit these numbers. Actually do it.

This is just looking back. Seeing what happened.

The bubble boy generation is here. They're not going away.