1:33:24I Sold A Company For $800M At 29... What I’m Doing Now | Jack Smith Interview (#470)
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
Jack Smith sold his mobile ad company Vungle for ~$800M at age 29, but has not started another company since. He now prioritizes impact over money, working on projects like a digital detox retreat in Portugal and a prison pen-pal book program.
Key insights
- Being first to market is not required to be the biggest; AppLovin launched 6–12 months after Vungle and grew to 10–20x Vungle's peak size partly because they offered every ad format (banner, video, et
- A non-obvious barrier to entry can come from hacking a new hardware product (e.g., jailbreaking an iPhone to record its screen in 2010) and returning it within 14 days to Apple, then using that propri
- Vungle gained an early advantage by charging advertisers only for app installs (the end action) rather than for ad views, which was the industry norm.
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