From loosing $1B to running a $100m per year business - Noah Kagan

Billions • February 06, 2026 • Solo Episode

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Today on BILLIONS , I’m sitting down with Noah Kagan — the guy who got fired from Facebook before it was worth a trillion… and turned that loss into the biggest comeback story in online business. He went from losing a fortune on paper to building AppSumo , a $100 million-a-year bootstrapped empire - all without raising a single dollar of VC money. Noah, thanks a lot for being here! TIMELINE 00:00:00 - 00:02:10 : The trillion-dollar miss at Facebook 00:02:10 - 00:06:43 : Leadership lessons from Mark Zuckerberg's billion-dollar rejection 00:06:43 - 00:12:13 : The lifetime deal dilemma destroying software value 00:12:13 - 00:19:40 : Why most entrepreneurs never take action 00:19:40 - 00:26:49 : Building discipline through small daily choices 00:26:49 - 00:33:10 : The scary reality of AppSumo's uncertain future 00:33:10 - 00:42:09 : Community quality crisis in the AI era 00:42:09 - 00:48:58 : Testing new models before it's too late 00:48:58 - 00:57:07 : Hiring secrets for bootstrap businesses 00:57:07 - 01:04:29 : Finding contentment beyond the billion-dollar dream REFERENCES - Mark Zuckerberg - Peter Thiel - Marc Andreessen - Sean Parker - Dustin Moskovitz - Soleio - Bill Gates - Steve Jobs - Moody - Christine Rogers - Jesse Mecham – - Ayman Al-Abdullah - Reid Hoffman - Million Dollar Weekend by Noah Kagan - AppSumo - TidyCal - Airbnb - Asana - Lemlist - Reclaim - Bolt - Hostinger - Emergent - Pika - YNAB - Vercel - Tabby - YC

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