AppSumo

“Noah Kagan runs this company called AppSumo. It's a weekly email where you get deals on software this year. They're going to do a hundred million in gross revenue of which like, 50, fifty million is their revenue.”

“He owns most of the company, has never taken any outside money, and they have, like, a 150 employees at this point.”

“Their goal this year was a hundred million in revenue. They're gonna miss it by a little bit, but he said they're gonna get north of eighty million in revenue.”

“I think we're paying like 60 dollars for a paying customer now.”

“Black Friday was our highest day. Almost two million dollars in that one day on Black Friday, which we paid out half of that at least half of that to creators, which is fucking wild.”

“Like for me, if you would have told me when I started AppSumo, like, hey, no, you'll be a millionaire, but it's going to take 10 years. I probably wouldn't have started.”

“Like if I was trying to grow a newsletter I probably would go try to sponsor like super micro people on Tik Tok and YouTube. Like these guys that are guys and girls that are like sub 10,000 subs. Like if your channel has like 966 subscribers, like you'd be a p…”

“So we copy Amazon for, if you actually look at our net profit over the past literally 14 years, it's like .5% net income margin.”

“So gross sales is 76.7 net revenue was 56. Pretty good. And then profit was 7.5.”

“All of them got rich as well in one way. Like I was just at FedEx this morning because I interviewed the guy from Kinko's. He just focused on copiers. That's it. But a lot of newer entrepreneurs I've seen are ones that haven't had as much success. They're like…”

“And now it's like, you know, a business that does a hundred million a year in revenue.”