Abandon Success For Better
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Shaan Puri shares his experience with his early sushi delivery business, highlighting the importance of being willing to pivot or abandon a business even when it's working, if better opportunities arise.
Key Points:
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Initial Success Doesn't Equal Long-term Commitment
- Business was profitable from month one ($13 profit)
- Reached $30,000 in revenue by month two
- Despite growth, team realized they were in the wrong business
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Recognition of Fundamental Issues:
- Core product (sushi) was only consumed occasionally by customers
- Real opportunity was in general food delivery, not specific cuisine
- Team was young and hadn't committed deeply to any stakeholders
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Decision Making Process:
- "Maybe the first business idea we ever had in our lives might not be the best one"
- Recognized they could switch to a different business altogether
- Avoided the trap of staying consistent with previous commitments
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Key Learning:
- Most people feel compelled to continue when something's working
- Making money can create false validation
- Being young and uncommitted allowed for easier pivoting
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Operational Challenges That Led to Decision:
- Waking up at 4 AM for fish market
- Working until 11 PM
- Doing everything themselves (didn't know to hire people)
- Physical demands of running a restaurant
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Wisdom in Walking Away:
- Staying would have been a "terrible decision"
- Better to recognize wrong path early
- Success metrics shouldn't override fundamental business alignment
11:09 - 12:52
Full video: 52:47SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.