The article outlines the journey of an entrepreneur who transformed employee access to pay through earned wage access (EWA) with DailyPay. Highlighting the explosive growth potential of the EWA market, projected to increase to $242.46B by 2034, it emphasizes the importance of focusing on one core business function rather than overextending. The entrepreneur shares insights on successfully founding, scaling, and exiting two companies, offering advice on preparing for growth stages and leveraging acquisitions for mutual benefit.
Do one thing really well. When you do one thing really well, you will have the opportunity to land and expand. Startups often die from indigestion, not from starvation.
Always position your company for the next growth stage, whether that's a capital event, an acquisition or something else. At Salt Labs, I was never looking to be acquired when we were.
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