Moment View

Jason Made $100,000 in Two Weeks

And this is what happened with one of the apps I used to work with. Actually, I never worked with them because they never gave us the job. They spent all their money on rent for a big house. They spent $40,000 a month for this house, and they would throw a party every other day at this house. And they would get performances from like Tyga. Kylie Jenner would come out. And it was called— let's say that— I don't want to say the app's name, but let's say it was called Carpet. The house was called the Carpet House. Right, like it was named after the app. There's a big LED sign, um, right in the front of the house that said the app's name. And every other night they would have huge parties for like 2 months straight, ginormous parties of— and like big, like, like Ray Sherwood would come and like Tyga would come, Kylie Jenner would come. And the only way— the way you'd have to get into the party is you have to download the app. And, and that— and that's how they would spend the money. And these, and these app influencers All they heard was, "This is an app that kids are gonna love." They have no idea what kids love, 'cause they don't fucking understand apps, 'cause they still work on their Sidekicks. And then you have these young kids who are quote-unquote entrepreneurs, who are 26, and who are spending money on Tyga, and all these people. So like, all these people in LA get rich off these apps that they have in development that never take off. So you have all these app developers, So when you're an app developer, you can ask for money from an investor and cut yourself a large check and never even have your app see the light of day. You can go to an investor and be like, I have this idea, give me all this money, and then cut yourself a check for $1 million. And then the app never goes through and the investor's like, well, I mean, that's what I invest. If it doesn't work, it doesn't work. And no one gets pissed, but these app investors have so much money. Or sorry, these app developers have so much money.

September 13, 201826:27David
26:27/0:00
Scrub the kinetic waveform to jump through the episode.
7
Transcript window
Transcript Window

Context stack

Nearby lines for local context around the selected quote.
David26:06
Maybe not even. But these older guys, these older investors don't understand that.
David26:11
They don't get that. They don't get how social media works. And they assume that there's a younger guy coming to them talking to them about an app. They assume that this guy knows everything. And they're like, that's brilliant. I love this. You have David Dob…
David26:27
And that's what they do.
David26:27
And this is what happened with one of the apps I used to work with. Actually, I never worked with them because they never gave us the job. They spent all their money on rent for a big house. They spent $40,000 a month for this house, and they would throw a party every other day at this house. And they would get performances from like Tyga. Kylie Jenner would come out. And it was called— let's say…
Jason28:19
And probably back then too, like, there's so many apps now, but before it was probably really great in the beginning. Yeah, where it's like, I have this idea, I have this idea, I have this idea.
David28:27
And it's so shit because none of these ideas are actually fucking like profitable, profitable. But these people, like, either they're— either they know they're not profitable and they're scamming all these investors, or they are profitable and I don't know. R…
Jason29:11
Uh-huh.