I made $1M flipping apps

Starter Story 11min #102
I made $1M flipping apps
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Summary

  • Domenico (Dom)

    • Background and origin story
      • Studied economics at university between 2017 and 2019 while launching small startups on the side
      • Launched a physical micromobility business in 2019, had a co-founder, then left
      • Worked full-time as an analyst at various companies while pursuing side projects to escape the 9-to-5
    • Pivotal moments and turning points
      • Started a “build and sell” challenge with the rule of launching, validating, and selling a micro-business in 30 days
      • Quit his 9-to-5 job once he realized Subgen had strong potential
      • In 2024, a signed job offer fell through due to the company’s financial problems, which he reframed as the opportunity to go all-in on his own projects
    • Business growth, current status, or exit details
      • Built and sold six micro SaaS projects while working full-time
      • Grew Subgen from $20K MRR to $500K MRR in 3 months and sold it for nearly a 3x multiple of ARR (over seven figures)
      • Currently working on Cortex.ai, focused on migrating companies from human to AI workforce by automating up to 80% of manual tasks
  • Products and Offerings

    • Core products from the build and sell challenge
      • Pitch 2.0 — AI pitch deck generator; made $300, sold for $2,500 after 45 days
      • OneTap.ai — Excel formula generator using plain English; made ~$7,000, sold for ~$25,000 after 3 months
      • YourCoverLetter.com — AI cover letter generator based on job applications; sold for $7,000 after 40 days
      • RecapG.com — AI summarizer for YouTube videos, presentations, and docs; sold for $34,000 after 6 months
      • QuitsBot.io — AI tool to generate content from docs or websites; made $1,000, sold for $5,000 after 3 months
      • WebDesigner.io — AI landing page generator via prompts; made $1,200, sold for $12,000 after 3 months
      • Subgen.ai — AI no-code app builder; scaled to $500K MRR and sold for nearly 3x ARR multiple
    • Current project
      • Cortex.ai — Enables migration from human to AI workforce, targeting automation of 80% of manual, mundane tasks in companies
  • Metrics and Financials

    • Revenue figures and financial milestones
      • Subgen grew from $20K MRR to $500K MRR in 3 months
      • Subgen sold for nearly a 3x multiple of ARR (over seven figures)
      • Combined, Dom sold seven apps with individual sale prices ranging from $2,500 to over seven figures
    • Exit or acquisition specifics
      • Subgen was the largest exit, sold after 3 months of growth for nearly 3x ARR multiple
  • Strategy and Growth

    • Overall vision and positioning
      • Build micro SaaS products quickly, validate demand before building, and sell within 30 days to a few months
      • Focus on riding trends and timing as the primary differentiator between successful and unsuccessful products
    • Primary growth engine or method
      • “Building in public” strategy as the core organic growth driver
      • Validated ideas using a single landing page (yep.so) and collected emails before writing code
      • Considered a 15% landing page conversion rate as a good benchmark for validation
    • Key tactics, channels, or strategic steps
      • Five-step framework: (1) Set goals and timeline, (2) Validate with a landing page, (3) Build using a feedback loop approach, (4) Grow organically through building in public, (5) Package the business as a sellable asset
      • When selling, emphasized key metrics buyers care about: ARR, gross margins, average revenue per user, lifetime value, customer acquisition cost, and churn rate
      • Used the Pomodoro technique (25-minute focused intervals with short breaks) to manage side projects alongside a full-time job
  • **Tech Stack and Infrastructure

    • Tools and platforms used
      • Bubble — No-code development for early projects
      • Cursor — AI-powered coding tool
      • Store — For coding-related tasks
      • Mailtrap — Email marketing
      • Featurebase — Public roadmap management
      • Hunter.io — Outreach strategy
      • Make UGC.ai — UGC creator management
      • Hatio.com — CRM
      • Stripe — Payment processing
      • TinyAdz.com — Smart advertising campaigns
      • Creator.io — Influencer marketing campaigns
      • Lait.co — Reddit marketing
      • Suna.so — General AI agent tasks
    • Notable technical decisions
      • Started with Bubble for rapid no-code development, then incorporated AI coding tools like Cursor as the stack evolved
      • Relied on a broad no-code and AI tool ecosystem to build and ship products without a large engineering team
  • Lessons and Advice

    • Direct advice to other founders
      • Adapt to different situations and change perspective when necessary — a negative event can become a positive turning point
      • Ship fast and validate before building; use a landing page to test demand before writing code
      • Organize your time rigorously (e.g., Pomodoro technique) to make progress on side projects while working full-time
    • Hard-won insights and key takeaways
      • The main difference between successful and unsuccessful projects was the trend being ridden and the timing of launch
      • Building in public is a powerful organic growth strategy that doubles as validation
      • Setting a clear timeline (3 months, 6 months, etc.) defines your product roadmap and development pace
      • The feedback loop approach — build one key feature, get user feedback, iterate — is more effective than building a full product in isolation
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