My First Million #180 with Furqan Rydhan - What it's Like Co-founding a $20B Company, Hardware for Mind Control & Vertical Farming
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May 12, 2021 Furqan Rydhan, co-founder of the $20B AppLovin and former CTO at Bebo, shares his insights into emerging tech and entrepreneurship. He discusses the intriguing world of mind-control hardware and vertical farming, exploring how these innovations can transform industries. Furqan also reveals his mindset during the rise of AppLovin and the exciting prospects of decentralized finance. With a touch of humor, he reflects on the unexpected paths of entrepreneurship and the power of serendipitous opportunities.
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AppLovin's IPO
- Furqan Rydhan's company AppLovin was initially set to be acquired for $1.4 billion.
- The deal fell through due to political changes, but the company later IPO'd at a much higher valuation.
From Ads to Games
- AppLovin, initially an ad tech platform, transitioned into a successful gaming company.
- This shift was driven by key figures like Rafi, who recognized the potential of game development.
Early AppLovin Days
- AppLovin's co-founder Adam Foroughi invested $4 million of his own money into the company.
- They experimented with several ideas before finding success, sometimes even spending days playing video games when lacking direction.