A note from Daniel

To build a $100 million business, you can hunt for: • 1,000 "elephants," or enterprise customers who can each pay $100,000 or more per year. • 10,000 "deers," or medium-sized companies that each pay $10k or more per year. • 100,000 "rabbits," or small businesses that each pay $1k or more per year. • One million "mice," or consumers who each pay $100 or more per year. • Ten million "flies," or active users that you can monetize $10 or more per year each. What you end up "hunting" for largely dictates whether you should adopt a sales-led, product-led, or sales-assisted approach to user onboarding. It also depends on the complexity of your buying process.

Daniel Product-Led Onboarding, page 189 · September 4, 2023 Save to shelf
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