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Ecom founder of 15+ years. Over $100M gross revenue.
2012/2014 $7-10M a year very profitable
2015-2018 a slow decline. 4-5% net margin in 3-5 a year.
Then we discovered influencers marketing in 2019 and started growing again at great profit. Then 2020 came and we grew 100% but spent way too much in influencers and ads and didn’t make any money.
No the business is basically a zero, I’ve got a great nest egg. I’ve landed a new role working for an aggregator.
But I’m depressed that I didn’t monetize the greatest ecommerce opportunity in my life in 2020. I never would have expected we would have gone to complete zero after being in business for so long.
Entrepreneurship is tough!
Looking backing I know exactly where I screwed up but couldn’t see it at the time.