On the podcast I talk with Josh about red flags that tank app valuations, why subscription-only apps are leaving money on the table, and how bootstrapped founders are cashing out for millions in months, not years.

Top Takeaways:

🎯 Build to sell, but build smart
Flipping an app in under a year is still possible, but the skill that matters most now is marketing. With AI lowering the barrier to development, distribution has become the real differentiator. Founders who master organic channels, community, and creator-driven marketing are the ones who land meaningful exits.

💰 Predictability drives value
Buyers pay more for revenue they can trust. Apps built on recurring subscriptions with strong retention and low churn are far more attractive than those relying on ads or one-time purchases. Predictable cash flow isn’t just safer, it’s worth a higher multiple.

🚩 Short-term tricks destroy long-term value
Artificially inflating numbers before a sale, such as pushing lifetime deals to boost revenue, can quickly kill a deal. Serious acquirers look for sustainable metrics, not spikes. Authentic growth, honest reporting, and healthy retention are the hallmarks of a business built to last.

🔄 Fewer and deeper bets
The age-old quality-over-quantity principle still holds. After buying nearly a hundred small apps early on, BlueThrone learned that broad portfolios don’t win. Their new playbook focuses on a handful of apps with real product-market fit, strong organic traction, and teams ready to scale into category leaders.

💡 Hybrid monetization unlocks new growth
Borrowing tactics from gaming, like consumables, day passes, and rewarded ads, helps subscription apps reach more users and capture more value. These models make spending feel flexible and fair, turning a single price point into an entire revenue spectrum.

About Josh Peleg:

📈 Head of Business Development and M&A at BlueThrone, one of the world’s leading app acquirers.

💡 Josh helps founders scale and exit their apps, guiding deals that range from six to eight figures.

🎮 Before joining BlueThrone, he led mergers and acquisitions in the mobile gaming industry, giving him a front-row view of how distribution and monetization strategies evolve.

🗣 “The best apps today aren’t just great products—they’re great stories. Marketing and distribution are what turn a good idea into a real business.”

👋 LinkedIn

Follow us on X:

• David Barnard - @drbarnard
• Jacob Eiting - @jeiting
• RevenueCat - @RevenueCat
• SubClub - @SubClubHQ

Episode Highlights:
[0:00] Lesson learned from BlueThrone’s early “go-wide” strategy

[6:20] Why founders have to be more than great builders

[8:19] The pieces that lead to higher valuations

[12:37] Five signals that can kill a deal

[18:12] When (and when not) to raise

[24:33] Shifting from a broad portfolio to a few deep bets

[33:15] The future of monetization

[45:07] What drives the best exits in today’s acquisition market

[52:00] How founders can position themselves for life-changing exits

On the podcast we talk with Mathias about running Subway Surfers' marketing machine on salaries, not ad spend, leaving money on the table to protect player experience, and why more apps should try rewarded ads, season passes, and other tactics from gaming.

Top Takeaways:

🎨 Viral flywheels can out-perform massive paid campaigns

Relying on salaries instead of ad budgets, a lean team can ship constant creative that rides cultural waves. Most experiments flop quietly, but the occasional viral hit fuels downloads across platforms and even influences app store featuring. The lesson: volume, autonomy, and cultural fluency can rival—or surpass—big-spend marketing.

🛡️ Protecting user experience is a growth strategy

It’s tempting to squeeze harder on monetization, but avoiding overly aggressive tactics can pay off longer-term. By keeping the core product endlessly playable and resisting short-term optimization, teams can build evergreen engagement that compounds for over a decade. Sometimes the best ROI comes from not chasing every last dollar.

🎁 Rewarded ads expand who you can monetize

Giving users the choice to watch ads in exchange for perks isn’t just a gaming trick—it’s a fairness mechanism. It allows players in tier-two and tier-three markets, who may never subscribe, to still contribute value. Apps beyond gaming can borrow this playbook to reach broader audiences without alienating core users.

⏱️ Season passes deliver transparency and trust

Unlike recurring subscriptions, passes offer clear value over a fixed time window: pay once, play (or use) for the season. This structure avoids the “forgotten subscription” resentment while still generating meaningful revenue. It’s a model that translates well to utilities and lifestyle apps where usage is bursty or seasonal.

🤝 Collaborations multiply reach without heavy spend

Crossovers between brands or products can reactivate lapsed users and bring in new audiences, even when no money changes hands. Like the music industry learned with features, one plus one can equal three when two strong IPs join forces. Subscription apps in adjacent niches can create the same effect.

About Mathias Gredal Nørvig:

👨‍💻 CEO of SYBO, the company behind the smash hit mobile game Subway Surfers.

📈 Mathias and the small-but-mighty SYBO content marketing team have built a freemium mobile app with serious staying power.

💡“How do we entertain as many players as possible with something as available as possible, but also allow those who want to spend … money to progress or get more content to do so — without the expense of ruining the fun for the majority?”

👋 LinkedIn

Follow us on X:

• David Barnard - @drbarnard
• Jacob Eiting - @jeiting
• RevenueCat - @RevenueCat
• SubClub - @SubClubHQ

Episode Highlights:

[1:01] Staying power: How a subscription app like Subway Surfers achieves longevity with over 4.5 billion downloads.

[4:30] Surfing the waves: How the Subway Surfers in-house creative marketing team creates and rides virality waves.

[8:50] The content flywheel: How subscription apps can become self-sustaining with organic marketing.

[16:27] Cash flow: What subscription apps can learn from the mobile gaming industry about alternative monetization strategies.

[19:51] Paying the piper: How to balance a good user experience with when and how to require payment.

[25:30] A watchful eye: The challenges of preserving brand reputation and protecting underage users in a freemium app that serves ads.

[28:48] Teaming up: Avoiding cannibalization and partnering with competitors in the free-to-play space.

[41:17] Day pass: How apps can experiment with consumables, day passes, and season passes to unlock new revenue opportunities.

On the podcast we talk with Ora about LinkedIn’s value-driven growth philosophy, how they personalize experiences and plan offerings based on user intent, and the complexity of running over a thousand experiments a year.

Top Takeaways:

🌱 Growth follows value

The surest path to long-term growth is adding features and benefits that genuinely help people achieve their goals. Growth tactics may bring a spike, but sustainable revenue comes from a product that keeps evolving so members find new reasons to return. When value creation is continuous, acquisition and retention become self-reinforcing.

🎯 Personalize by intent

Not all users are looking for the same outcome. Job seekers, small business owners, and learners need different experiences. Matching plans, features, and paywalls to their specific intent—whether expressed directly or inferred from behavior—makes the product feel relevant and worth paying for. The alternative is irrelevance, which guarantees churn.

📊 Test like a scientist

Scaling experimentation changes the culture: debates give way to data. By running over a thousand tests a year, teams learn faster, spot what actually resonates, and avoid relying on intuition alone. The goal isn’t just to optimize pricing or layouts—it’s to build a habit of constant learning that compounds into growth.

🔄 Retention isn’t linear

Churn doesn’t always mean goodbye. Many users return months or years later when their needs change—“boomerang” behavior that can become a meaningful revenue stream. Win-back offers, refreshed trials, and simply continuing to add new value all help capture these returning customers and turn them into long-term loyalists.

🤖 AI is a tool, not the story

Artificial intelligence should quietly power better outcomes, not become the headline. Helping users write a stronger profile, find the right lead, or save time drafting a job description creates tangible value. Positioning AI as a behind-the-scenes helper keeps the focus where it belongs: solving the user’s problem.

About Ora Levit:

👨‍💻 Vice President of Product Management at LinkedIn.

📈 Ora manages LinkedIn’s billion-dollar online subscription businesses, growing both the free weekly active user base and adding value for LinkedIn Premium subscribers.

💡“Our offering changes over time, and as I mentioned, we believe in value-driven growth. We add a lot of value. And so the Premium that you've seen if you subscribed two years ago is not the Premium of today. It's a very different product, and I want you to try it out.”

👋 LinkedIn

Follow us on X:

• David Barnard - @drbarnard
• Jacob Eiting - @jeiting
• RevenueCat - @RevenueCat
• SubClub - @SubClubHQ

Episode Highlights:

[0:00] Value add: How LinkedIn centers value-driven growth in their product development.

[8:40] The long game: The importance of optimizing for and measuring long-term revenue.

[9:57] Pay to play: Where to draw the line between free and paid features.

[17:59] Put it to the test: Ora and her team prioritize A/B testing and user feedback over internal debates about feature ideas.

[23:32] Take it personally: The role of AI and LLMs in personalizing in-app experiences.

[27:47] Here today (and tomorrow): Strategies for retaining users in the long term and winning back churned users.

[34:52] The AI touch: LinkedIn’s philosophy on incorporating AI features to add value to their product.

[39:44] Two (or three) for one: Leveraging strategic partnerships to add bundled perks to a premium subscription offering.

[41:43] Pulse check: Monitoring earnings calls, reports, books, and podcasts to stay in step with the current state of the subscription app industry.