This guy makes $3M/year from 20 different projects
By Starter Story
Key Concepts:
- Portfolio of profitable apps
- Solo founder
- Validating app ideas
- Getting paying customers before building
- Running multiple apps simultaneously
John Rush's Background and Motivation:
John Rush, who manages 20 projects generating $3 million in Annual Recurring Revenue (ARR), transitioned from working at VC-backed startups to becoming a solo founder. Dissatisfied with the VC environment, he decided to launch his own apps. Over the past three years, he has built, launched, and currently manages over 26 different apps. He worked in VC for 10 years before realizing something that prompted him to change his career path.
Building a Portfolio of Profitable Apps: John Rush's Process
The video outlines John Rush's specific process for creating a portfolio of profitable apps. This includes idea generation, pre-building validation through securing paying customers, and managing a diverse range of apps.
Idea Generation and Validation:
John's approach involves identifying problems and creating simple solutions in the form of apps. A crucial step is validating these ideas before investing significant time and resources into development.
Securing Paying Customers Before Building:
A key element of John's strategy is to secure paying customers before building the app. This is done to validate the market demand and ensure that the app will be profitable. The video will dive into the exact steps he uses to come up with every single idea and how he gets paying customers before building anything.
Managing Multiple Apps:
The video promises a breakdown of the different apps John runs and the secret to running 26 startups.
Notable Quotes:
- "I built a VC for 10 years until I realized this one thing..." - John Rush, hinting at a pivotal realization that led to his career change.
Conclusion:
John Rush's story highlights a shift from traditional VC-backed startups to a solo founder model focused on building a portfolio of profitable apps. His emphasis on pre-building validation and securing paying customers offers a practical approach to app development. The video aims to provide actionable insights into his process, offering a roadmap for aspiring solo founders.
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