Dumb iPhone Apps Are Making People Rich Again (Here’s how)
My First Million episode 799, in which Sam Parr and Shaan Puri talk with Starter Story founder Pat Walls about selling his company to HubSpot and about business ideas he has seen lately. Pat says the deal had not yet closed at recording, describes the psychology of waiting for it to be signed, closed and wired, and says that of 12 founders he talks to each week, about six are doing well with iPhone apps, such as one that blocks scrolling until you do push-ups. He explains how Starter Story builds each video around one big idea, why he built his company around asynchronous systems rather than urgency culture, and tells the story of a think week where he concluded that he is his own greatest obstacle. Sponsor named in the description: HubSpot, which was buying the guest's company. PARTIAL COVERAGE: this note draws on the opening, app ideas, video format, systems and think week sections, and may miss parts of the roughly 47 minute video. Revenue figures and deal details are the speakers' own claims and not independently checked. Nothing here is financial, investment or legal advice.
Executive Summary (TL;DR)
My First Million episode 799, in which Sam Parr and Shaan Puri talk with Starter Story founder Pat Walls about selling his company to HubSpot and about business ideas he has seen lately. Pat says the deal had not yet closed at recording, describes the psychology of waiting for it to be signed, closed and wired, and says that of 12 founders he talks to each week, about six are doing well with iPhone apps, such as one that blocks scrolling until you do push-ups. He explains how Starter Story builds each video around one big idea, why he built his company around asynchronous systems rather than urgency culture, and tells the story of a think week where he concluded that he is his own greatest obstacle. Sponsor named in the description: HubSpot, which was buying the guest's company. PARTIAL COVERAGE: this note draws on the opening, app ideas, video format, systems and think week sections, and may miss parts of the roughly 47 minute video. Revenue figures and deal details are the speakers' own claims and not independently checked. Nothing here is financial, investment or legal advice.