A Product Market Fit Show | Startup Podcast for Founders cover image

A Product Market Fit Show | Startup Podcast for Founders

His sports betting app went from $0 to $10M ARR in a year—& to $150M ARR in 4. Here's how he did it. | Jon Robin, Founder of Dabble

Dec 12, 2024
Jon Robin, founder of Dabble, shares his incredible journey of turning a sports betting app into a $150M revenue powerhouse in just four years. He credits extensive market research and a background in affiliate marketing for his success. Jon emphasizes the importance of effective distribution over product quality alone. He also reveals how the COVID-19 pandemic shaped Dabble's evolution into a social betting platform, integrating user engagement with compliance and risk management. His insights on navigating challenges offer valuable lessons for budding entrepreneurs.
44:26

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Quick takeaways

  • Extensive research and preparation over seven years enabled a swift market entry, leading to rapid revenue growth for the app.
  • Integrating social features within the betting app fostered community engagement, setting it apart from traditional transactional betting platforms.

Deep dives

Remarkable Growth in Sports Betting

The sports betting app generated an impressive $150 million in revenue within just four years of launching, driven by $1 billion in betting volume. Initially, the app brought in $10 million in its first year, showcasing its rapid growth trajectory. The founder attributes this success to extensive research and preparation conducted over seven years before launching the app, which allowed for a smoother entry into the market. This preparation paved the way for a robust audience ready to engage with the product upon its release.

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