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I got fired from my first job in tech.
No reason, no justification - just a cold email one morning.
I had enough savings to last 3 months in the city, before I would have to move back home.
Back then, mobile apps meant nothing to me.
But one night, I met an app founder in a bar.
He told me that he sold his little app for $96K.
He used the money to buy a ring for his GF.
Damn.
That was 5 years ago.
Ever since, I've been making those exits happen.
$50M+ deploying into mobile gaming.
$23M+ deployed into consumer apps.
And we're just getting started.
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Gun to your head🔫
You have to delete your claude OR imessage/whatsapp history?
Which you choosing?
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kinda fed up of all the revenue posturing on here...
MRR this...ARR that...
Did we all forget about profit? About cash flow? Money in the bank?
Tomorrow I'm breaking down a real app on RevenueCat's podcast to see what it's actually worth.
Real numbers from the founder. WAY more info than just MRR.
Tune in to learn something :)
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As someone who has spent 3 years acquiring and investing in mobile games…it makes me laugh that people think the magic of this game is the graphics + loop + ads.
Yes. This counts. But no. You cant vibecode this (yet).
These games pump because of their progression and economy mechanics. Until AI can play the game, and map the economy and progression, you wont be able to vibecode games that pump
This game makes $41,000,000/mo😭
Thats literally $492M/year
They are running 520 meta ads
and its such a simple game
you can literally 1 shot this with a
GPT 6 ASTRA prompt loop:
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365 days ago a founder set himself one goal.
build an app worth $10M in a year.
last month he hit $6M ARR and asked the internet if he'd made it.
nobody could actually answer.
founders post MRR screenshots all day. almost nobody opens the books.
so i texted @drbarnard.
"let's do a live valuation on the pod. his real numbers."
he's sold 3 apps. he was in.
thursday. live. the founder sitting right there, his numbers running through bluethrone's model.
did he build a $10M app?
link below 👇
@SubClubHQ
@RevenueCat
Josh Peleg retweeted
This Thursday: a founder opens his real books, LIVE on air.
@alwaysjoshp buys apps for a living. He's going to value one in public, with the founder sitting right there.
We're not saying whose app it is until we go live.
Thu Sep 17, 9am PT / 12pm ET / 6pm CET
📅 Set a reminder: luma.com/sub-club-live
📺 Watch: youtube.com/watch?v=rWAjuAQw…
Happening TODAY.
@drbarnard and I will spend 60 minutes teaching you how BlueThrone values apps.
- We're going to give you the theory of how buyers analyse apps
- Show you the easiest ways to increase the valuation of your app
- Take real data from real apps and show you how they impact valuation
@RevenueCat
@SubClubHQ
@BluethroneApps
Link in the top comment.
🤖 Made with AI
Josh Peleg retweeted
Most founders think their app's value is a revenue multiple.
It isn't.
Tomorrow, @alwaysjoshp — who buys apps for a living at Bluethrone — walks @drbarnard through the model he actually uses. What he looks at first, what he discounts, and what quietly kills a valuation before anyone makes an offer.
Thu, 9am PT / 12pm ET / 6pm CET youtube.com/watch?v=tNrkf8_Z…
Throwing a 10 person dinner in Toronto this week for APP FOUNDERS
Doing it with my buds at @Superwall
If ya'll building, scaling or investing in apps - come thru
luma.com/sw-dinner-toronto
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App Founder: 'We did $4M last year.'
Me: 'But @SensorTower show's you did about $3.5M?'
App Founder: 'Go read the @FinancialTimes article, then come chat.'
So i did.
Here's what happened.
Last week the FT reported that US consumer spending inside the App Store fell 6% in Q2. First drop in a decade. Their US commission revenue is down 18% this year.
but that doesn't mean that consumers stopped paying for apps
sensor tower only measures spend inside the store.
After the Epic ruling, developers started pointing users at their own checkout, and Apple earns nothing on that. The money is still being earned, it's just outside of the ecosystem we can track.
Look at the graph from the FT.
The red bar isn't a demand problem. It's a platform change.
Two action items if you run an app....
1. Your public numbers now lie (even more than they used to).
Every estimate tool undercounts anyone with a web funnel. If a VC or an acquirer is sizing you off third-party data, you're being priced on a fraction of your business. Go and talk to them instead, and bring your real numbers; this way you'll get a true valuation.
(Yes, I can help with this)
2. If you haven't started using web-funnels, it's time.
Go talk to Paddle, FunnelFox, Helium or any of the other great companies that can help you get set up.
Josh Peleg retweeted
The speakers + workshop hosts at this year's @RevenueCat App Growth Annual (RAGA) conference have helped generate dozens of billions in app revenue
And in October, in NYC, they're sharing their secrets
Apply to attend in person, or watch the livestreams (but miss out on the workshops)
Didn't make it into RAGA, but still in NY? Attend (or organize!) a New York App Week side event. We'll sponsor 10 of them with $5k each
More info at appgrowthannual.com
Throwing an event this week
Consumer app founders + Wine: Tel Aviv Edition.
If you're hacking on apps alone in your bedroom and want to be in a room of people who've probably solved the problem you're stuck on...this is for you.
Got 3 spots left.
In collaboration with Jibe VC
luma.com/zgtd6vsd
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Big picture sh*t
@JosephKChoi and I did a break down on @Superwall's podcast
How to exit for 9 figures as an app company
We broke down the 6 rules to follow if you're aiming to build an app company that really goes the distance
Link in the thread
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At 18 I got rejected by the University of Oxford
At 20 I got rejected by the Financial Times
At 21 I failed to get on a single grad scheme
At 23 I got fired from my first job in Israeli tech
At 26 I got rejected by McKinsey & Company
Today: I hit $15 MRR on my vibe coded app.
If I close my eyes and listen closely....I can hear the haters gasping....













