Founding Journey

How Pujun Bhatnagar Doubled His Startup’s Valuation to $75M… in 3 Months


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Pujun Bhatnagar dropped out of Stanford, Harved, and MIT to build startups. He decided to build in an unsexy industry and it worked. He doubled Kintsugi’s valuation to $75M in 3 months.


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🐦 X β†’ x.com/pujun_ai
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πŸš€ Startup β†’ trykintsugi.com


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In this conversation we discuss:

Kintsugi

  • (00:00) β€” Intro
  • (00:57) β€” What Kintsugi does & why it's successful
  • (14:22) β€” What Kintsugi means

Founder Mode

  • (03:15) β€” Why Pujun did an "unsexy" business
  • (09:40) β€” AM frequency vs. Pujun's FM frequency
  • (12:29) β€” What happens to ambition when success comes
  • (26:20) β€” Pujun's mindset shifts over time
  • (32:20) β€” Pujun's toughest situation with co-founders
  • (59:10) β€” Dropping out of academia 3x
  • (1:07:20) β€” What Pujun does when not performing at his best
  • (1:10:00) β€” Pujun's spices

AI & Technology

  • (05:36) β€” What problems AI can solve
  • (19:44) β€” Successfully building AI PLG
  • (21:44) β€” The future of AI models
  • (51:14) β€” Differences between the ML & LLM gold rush
  • (54:46) β€” How to identify AI snake oil

Growth & Strategy

  • (17:06) β€” Focusing on building good software
  • (24:31) β€” Tradeoffs that come with scale
  • (34:51) β€” Having conviction & discipline
  • (36:11) β€” Who Pujun & Kintsugi looks for in teammates
  • (38:09) β€” Doubling valuation in 3 months time
  • (42:04) β€” Optimizing for minimal dilution
  • (43:53) β€” Ruthless prioritization when scaling

Rapid Fire

  • (1:12:09) β€” Who is one investor you’d recommend?
  • (1:13:33) β€” One thing you'd change about startups?
  • (1:16:22) β€” Advice for first-time founders?
  • (1:16:55) β€” Something you believe that most disagree with?
...more
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Founding JourneyBy Michael Houck