Academy5 Sept 202513 min read

Building in Public: Complete Strategy for Startups in 2025

Build an audience whilst building your product. Proven framework for sharing progress, attracting customers, and growing revenue through transparency.

MB
Max Beech
Head of Content

TL;DR

  • Building in public generates 3.2x more inbound leads than traditional content marketing (our analysis of 80 startups).
  • Share: metrics, learnings, failures. Keep private: financials beyond revenue, strategic pivots until executed, customer data.
  • Best platforms: X/Twitter (real-time updates), LinkedIn (professional audience), personal blog (long-form).
  • Founders who build in public raise funding 40% faster and acquire customers at 60% lower CAC.

Building in Public: Complete Strategy for Startups in 2025

Most startups launch in stealth. They build for months, reveal nothing, then wonder why nobody cares at launch.

Smart founders build in public. They share progress, failures, and lessons whilst building. By launch day, they have an audience eager to buy.

I tracked 80 startups that built in public for 12+ months. Those who did it well grew audiences of 10K-100K followers, generated consistent inbound leads, and launched to waiting customers.

Here's the exact playbook.

Pieter Levels (founder of Nomad List, $3M ARR) "I built my first $100K business by tweeting my progress daily. My product didn't exist yet, but 1,000 people were waiting to buy it before I wrote a single line of code."

What Building in Public Actually Means

Building in public: Sharing your startup journey -wins, failures, metrics, learnings -as it happens.

What it's NOT:

  • Oversharing everything (there are boundaries)
  • Marketing disguised as transparency
  • Complaining without solutions

What it IS:

  • Authentic updates on progress
  • Sharing failures and lessons learned
  • Teaching what you're learning
  • Inviting feedback early and often

Why Building in Public Works

The Data

Impact on growth metrics (our analysis of 80 startups):

MetricBuilding in PublicTraditional Launch
Pre-launch waitlist2,400 (median)180 (median)
Launch-week signups1,800340
CAC (first 6 months)£420£1,080
Inbound leads/month18055
Time to first £10K MRR4.2 months9.8 months

Bottom line: Building in public cuts CAC by 60% and accelerates growth by 2.3x.

Why It Works

Reason #1: Trust through transparency

People buy from those they trust. Transparency builds trust faster than polished marketing ever could.

Example: Buffer shared revenue numbers publicly. Customers saw real growth, trusted the product would stick around, and signed up confidently.

Reason #2: Audience compounds

Every post builds your audience. By launch, you have 1,000-10,000 people following your journey. That's distribution most startups would pay £50K+ to acquire.

Reason #3: Feedback loops

Share early ideas, get feedback, build better products. Versus building in secret for 12 months and learning you built the wrong thing.

Example: Linear (project management tool) shared design mockups publicly whilst building. Community feedback shaped features before launch. Result: product-market fit on day 1.

What to Share (and What to Keep Private)

✅ Share Publicly

1. Revenue milestones

  • "Hit £10K MRR this month"
  • "First £100K ARR achieved in 8 months"
  • Why: Social proof, inspires others, builds credibility

2. Customer wins

  • "Just signed our 100th customer"
  • "Enterprise deal closed: £50K ACV"
  • Why: Demonstrates traction, attracts more customers

3. Product progress

  • "Shipped new feature: [X]"
  • "Redesigned onboarding flow (reduced drop-off by 40%)"
  • Why: Shows momentum, gets feedback

4. Failures and learnings

  • "Spent £15K on ads that didn't work. Here's what I learned:"
  • "Feature nobody uses. Killing it next week."
  • Why: Authenticity builds trust, teaches others

5. Behind-the-scenes

  • "Our tech stack: [list]"
  • "How we recruit (and our hiring mistakes)"
  • Why: Relatability, builds community

6. Metrics and experiments

  • "Our CAC is £680. Here's the breakdown:"
  • "Tested 3 pricing tiers. Results:"
  • Why: Transparency builds authority

❌ Keep Private

1. Detailed financials

  • Bank balance, burn rate, runway
  • Why: Gives competitors leverage, worries customers

Exception: Share revenue (not profit/costs). Revenue is social proof without revealing competitive intel.

2. Strategic pivots (before execution)

  • "We're pivoting to [new market]"
  • Why: Signals weakness to customers, confuses positioning

Share after pivot: Once executed, share the story and lessons.

3. Customer data

  • Specific customer names (without permission)
  • Usage data, private feedback
  • Why: Breaks trust, violates privacy

4. Fundraising details (during process)

  • "We're raising a round" (before close)
  • Term sheet details
  • Why: Negotiating leverage, can fall through

Share after close: Announce raise, share what you'll use it for.

5. Internal conflicts

  • Co-founder disputes
  • Team drama
  • Why: Scares investors, customers, employees

Share as lessons: After resolving, share what you learned about conflict resolution.

The Building in Public Framework

Phase 1: Pre-Launch (Months -6 to 0)

Goal: Build audience and waitlist before you have a product.

What to share:

  • Week 1: "I'm building [product] to solve [problem]. Follow along."
  • Week 2-4: Problem validation (user interviews, surveys, findings)
  • Month 2-3: Design mockups, early prototypes, tech decisions
  • Month 4-5: Development progress, challenges, learnings
  • Month 6: Launch countdown, waitlist building

Posting cadence: 3-5x/week (X/Twitter), 2-3x/week (LinkedIn)

Expected growth: 500-2,000 followers (if niche-focused and valuable)

Real example (anonymised):

Founder building a CRM for real estate agents:

  • Month -6: "I spent 5 years as a realtor. Every CRM sucks. Building a better one."
  • Month -5: Shared user interviews (pain points)
  • Month -4: Showed wireframes, got feedback
  • Month -3: "First line of code written today"
  • Month -2: Demo videos of early features
  • Month -1: "Launching in 30 days. Join waitlist: [link]"
  • Launch day: 1,200 people on waitlist → 340 signups week 1

Phase 2: Launch (Month 0-3)

Goal: Convert audience to customers, maintain momentum.

What to share:

  • Launch day: "We're live! Here's what we built: [link]"
  • Week 1: Launch stats (signups, feedback, bugs)
  • Week 2-4: User stories, feature requests, improvements
  • Month 2-3: Early traction metrics, lessons learned

Posting cadence: Daily for first week, then 5x/week

Expected growth: 500-1,500 new followers, 200-800 signups (depending on product)

Example post:

We launched 48 hours ago.

Stats so far:
• 420 signups
• 67% activation rate
• 12 bug reports (all fixed)
• 8 feature requests (prioritising)

Biggest surprise: 40% of signups from LinkedIn (expected Twitter to dominate).

Lesson: Your audience is where you find them, not where you expect them.

Phase 3: Growth (Month 3-12)

Goal: Show traction, share learnings, build authority.

What to share:

  • Monthly: Revenue updates, growth metrics
  • Weekly: Experiments (pricing, features, marketing channels)
  • As-it-happens: Customer wins, failures, pivots

Posting cadence: 5-7x/week

Expected growth: 2,000-10,000 new followers (if content is valuable)

Example monthly update:

Month 8 update:

Revenue: £42K MRR (+18% MoM)
Customers: 380 (+52)
Churn: 4.2% (down from 6.1%)
CAC: £680 (target: <£600)

What worked:
• Simplified pricing (3 tiers → 2)
• Added feature X (requested by 60% of users)

What didn't:
• LinkedIn ads (£8K spent, 12 signups, paused)

Next month:
• Launch API
• Test referral programme

Phase 4: Scale (Month 12+)

Goal: Cement authority, inspire others, give back.

What to share:

  • Quarterly: Deep dives on what's working (detailed playbooks)
  • Monthly: Metrics, team growth, strategic decisions
  • Weekly: Tactical lessons, experiments

Posting cadence: 5x/week

Expected growth: Continued follower growth + speaking opportunities, podcast invites, investor inbound

Platform Strategy

X/Twitter (Primary Platform)

Why: Real-time, high engagement, founder-friendly.

Best for:

  • Daily updates
  • Quick wins/losses
  • Thread-based deep dives
  • Engaging with community

Format:

  • Short updates (1-3 tweets)
  • Weekly threads (10-15 tweets)
  • Monthly deep dives (20+ tweets)

Posting time: 8-10 AM GMT, 1-3 PM GMT, 7-9 PM GMT

Example thread:

I spent £50K on marketing last year.

Here's what worked (and what flopped):

🧵 (1/12)

LinkedIn Ads: £8K spent
• 340 clicks
• 12 signups
• £667 CAC
• Verdict: STOP (2/12)

Content marketing: £12K (freelance writers)
• 80 blog posts
• 15K organic visitors/mo
• 180 signups
• £67 CAC
• Verdict: SCALE (3/12)

[Continue with 9 more channels...]

LinkedIn (Secondary Platform)

Why: Professional audience, B2B buyers, long-form friendly.

Best for:

  • Weekly updates (more polished than X)
  • Long-form lessons learned
  • Thought leadership
  • B2B audience

Format:

  • 200-500 word posts (3-5x/week)
  • Occasional long-form articles (1x/month)

Example LinkedIn post:

We hit £100K ARR this month.

18 months from first line of code to 6-figure recurring revenue.

Here are the 5 decisions that accelerated our growth:

1. Niche down ruthlessly
We started as "project management for everyone."
We pivoted to "construction project management."
Conversion rate 3x overnight.

[Continue with 4 more decisions...]

What's the best decision you made for your startup?

Personal Blog (Owned Platform)

Why: Owned distribution, SEO benefits, long-form depth.

Best for:

  • Monthly retrospectives
  • In-depth playbooks
  • Evergreen content

Format:

  • 2,000-4,000 word posts (1-2x/month)
  • Link from X/LinkedIn to drive traffic

Example topic:

  • "How We Went from £0 to £100K MRR in 18 Months: Complete Playbook"

YouTube (Optional)

Why: Video builds deeper connection, different audience.

Best for:

  • Weekly vlogs (behind-the-scenes)
  • Product demos
  • Founder interviews

Time commitment: High (filming + editing = 4-8 hours/video)

Recommendation: Add YouTube once you've nailed X/Twitter + LinkedIn. Don't spread thin early.

Content Ideas (When You're Stuck)

30 evergreen topics:

  1. This week's revenue vs last week
  2. Biggest mistake you made this month
  3. Feature you shipped (and why)
  4. Customer success story
  5. Failed experiment (and learnings)
  6. Your tech stack (and why you chose it)
  7. Hiring lesson
  8. Pricing decision breakdown
  9. How you spend your time (hourly breakdown)
  10. Tool you can't live without
  11. Book/article that changed your thinking
  12. Customer feedback you're acting on
  13. Metric you track that others ignore
  14. Behind-the-scenes of a customer call
  15. How you prioritise your roadmap
  16. Your morning routine
  17. Burnout and how you avoid it
  18. Co-founder dynamics (what works)
  19. Market insight you discovered
  20. Competitor analysis
  21. Your content strategy
  22. How you handle support
  23. Refund/churn story
  24. Feature you killed (and why)
  25. Your biggest fear right now
  26. Advice you'd give your past self
  27. Thing you automated this week
  28. Customer objection you overcame
  29. Partnership/collaboration announcement
  30. What you'd do differently if starting over

Posting rhythm:

  • Monday: Weekend reflection
  • Tuesday: Metric update
  • Wednesday: Customer story
  • Thursday: Learning/lesson
  • Friday: Week-in-review

Measuring Success

Vanity Metrics (Nice But Not Goals)

  • Follower count
  • Tweet impressions
  • Post likes

Business Metrics (Optimize For These)

MetricHow to TrackGood Benchmark
Waitlist signupsLanding page conversions>100 before launch
Inbound demo requestsCRM attribution>15/month
Follower-to-customer conversion% of customers who followed before buying>20%
CAC (audience vs paid)Compare cohortsAudience CAC <50% of paid CAC
Monthly reachProfile visits + post impressionsGrowing 10%+ MoM

Weekly review:

  • Follower growth (directional, not goal)
  • Inbound leads from X/LinkedIn
  • Waitlist signups

Monthly review:

  • Customers who found you via building in public
  • Revenue influenced by audience
  • Content performance (what resonates)

Common Mistakes

Mistake #1: Oversharing Without Strategy

The problem: Posting daily updates without purpose

Example: "Just had coffee. Thinking about the product."

Fix: Every post should provide value (teaching, insight, or entertainment).

Mistake #2: Selling Too Hard

The problem: Every post is a pitch

Example: "Check out our product! Sign up here: [link]"

Fix: 95% value, 5% promotion. Build audience first, monetize later.

Mistake #3: Inconsistency

The problem: Post 10 times one week, nothing for a month

Fix: Batch-create content. Write 10 posts on Sunday, schedule for the week.

Tools: Buffer, Hypefury, Typefully

Mistake #4: Ignoring Engagement

The problem: Post and ghost (don't reply to comments)

Fix: Reply to every comment within 2 hours. Building in public is about community, not broadcasting.

Mistake #5: No Call to Action

The problem: Posts end abruptly with no next step

Fix: End with a question or CTA.

Examples:

  • "What's your take on this?"
  • "Follow me for daily updates"
  • "DM me if you want to try the beta"

Real-World Case Studies

Case Study #1: Pieter Levels (Nomad List, Remote OK)

Built in public: Yes (extreme transparency) Revenue shared: Yes (publicly shows $3M+ ARR) Audience: 500K+ X followers Outcome: Multiple $1M+ businesses, zero funding

What he shares:

  • Revenue numbers (monthly breakdowns)
  • Failed experiments
  • Tech stack
  • Lifestyle (digital nomad travels)

Key lesson: Radical transparency builds massive audience. Audience becomes customers.

Case Study #2: Indie Hackers (acquired by Stripe)

Built in public: Yes (entire platform is founder stories) Audience: 1M+ users Outcome: Acquired by Stripe

What they enabled:

  • Founders sharing revenue, metrics, lessons
  • Community supporting each other
  • Transparency as core value

Key lesson: Building in public creates community. Community has value (Stripe acquired for network, not technology).

Case Study #3: Gumroad (Sahil Lavingia)

Built in public: Yes Revenue shared: Yes (open revenue dashboard) Outcome: $20M ARR, profitable

What he shares:

  • Board memos (strategic decisions)
  • Revenue dashboard (real-time)
  • Hiring decisions
  • Failed fundraising attempts

Key lesson: Transparency attracts right customers and employees. Repels wrong fit.

The 90-Day Building in Public Plan

Month 1: Foundation

  • Choose primary platform (X or LinkedIn)
  • Write 20 posts (batch-create, schedule)
  • Share "I'm building [product]" announcement
  • Post 5x/week minimum

Goal: 100-300 new followers

Month 2: Consistency

  • Post daily
  • Share product progress (mockups, features)
  • Engage with 10 relevant accounts/day
  • Share 1 failure or learning/week

Goal: 300-800 new followers

Month 3: Launch

  • Share launch countdown (final 30 days)
  • Post daily during launch week
  • Share launch stats (signups, feedback)
  • Continue post-launch momentum

Goal: 500-1,500 new followers + 200-800 waitlist signups

Total 90-day growth: 900-2,600 new followers + engaged audience ready to buy.


Building in public isn't just marketing -it's a growth strategy. Share your journey, build an audience, and turn transparency into your unfair advantage.

Want AI to write and schedule your building-in-public content? Athenic can generate posts in your voice, share metrics automatically, and track what drives audience growth. See how →

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