How Our Pivot Grew Revenue By 10x (But Almost Bankrupted Us)
raad.substack.com
At the end of 2019, Lawtrades’s bank balance was down to $20k. People were getting value from our platform, but we were struggling to convert that value into a healthy balance sheet. Investors were wary of our niche after Atrium shut down, so we had little choice but to go into survival mode—cutting 80% of our staff, and even, at one point, putting expenses on personal credit cards.
How Our Pivot Grew Revenue By 10x (But Almost Bankrupted Us)
How Our Pivot Grew Revenue By 10x (But Almost…
How Our Pivot Grew Revenue By 10x (But Almost Bankrupted Us)
At the end of 2019, Lawtrades’s bank balance was down to $20k. People were getting value from our platform, but we were struggling to convert that value into a healthy balance sheet. Investors were wary of our niche after Atrium shut down, so we had little choice but to go into survival mode—cutting 80% of our staff, and even, at one point, putting expenses on personal credit cards.