Dumb iPhone Apps Are Making People Rich Again (Here’s how)

In this episode, Pat from Starter Story shares his experience as he prepares for the sale of his company to HubSpot. Despite the excitement, he expresses anxiety until the deal is officially closed, also reflecting on his negotiation process to reach his set target number. He explains how Starter Story began as a side project and gradually grew through interviews with successful founders sharing their revenue, which differentiates it from competitors.

The discussion shifts towards current trends in app development, revealing that iOS apps are thriving today, with many new entrepreneurs finding success in this space. Pat provides examples of apps that gamify productivity through playful requirements, such as performing push-ups or prayers before allowing access to social media. He highlights the use of viral marketing on platforms like TikTok to validate app ideas before development, suggesting that the process can be reversed for more effective results.

Further, Pat emphasizes that the app market is thriving, especially in niches like health, wealth, and productivity, rejuvenated by AI coding tools that lower the barriers to entry for app creation. This is seen as a shift similar to the info product boom before. He encourages listeners to embrace simplicity and focus amidst the pressures of entrepreneurship and to build systems to avoid burnout. The episode concludes with Pat reflecting on his journey and offering a framework for identifying business opportunities.