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No Way This Fitness App Worth $8m With No Revenue with Ashu Dubey of GetApplause EP 212

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Sinopsis

Ashu Dubey, Co-Founder of Get Applause, an app designed to help people lose weight and get back in shape. Listen as Nathan grills Ashu about the valuation of his business, how he was able to court Marc Benioff, and why an $8M offer wouldn’t be enough for him to sell right now. Famous 5Favorite Book? – Pitch AnythingWhat CEO do you follow?— Jack DorseyWhat is your favorite online tool?— SideKick by HubspotDo you get 8 hours of sleep?— NoIf you could let your 20 year old self know one thing, what would it be?—Start one more company. Time Stamped Show Notes:01:06 – Nathan’s introduction 01:32 – Welcoming Ashu to the show01:48 – How Ashu makes money02:40 – Volume, downloads, and how they’re making money03:03 – Active users are defined as someone who takes an action with a month03:29 – Nathan quizzes Ashu on the meaning of “Retention”04:55 – Raising money, and keeping the lights on via a priced round06:25 – The leadership team at Applause07:50 – Why Ashu feels an $8M valuation is small08:40 – Optimize for the long