A new Australian startup is looking to hire for its San Francisco offices and expand its app marketing and development services. So if you have a good idea and about $150,000 to spare, your app may just be the next Box, WhatsApp or Instagram.
Appster was reportedly started with $3,000 in Australia and was able to accumulate more than $10 million in revenue without any investment -- something akin to a fairy tale in Silicon Valley. "Why did you not take any outside funding?" Scott McGrew asked of the startup's founder and co-chief executive Josiah Humphrey on Press: Here.
"You have to look at the landscape," he said. "There wasn't really the notion of VC in Australia."
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Humphrey and his partner Mark McDonald spent the last three years building Appster from the ground up, and apparently learning things along the way.
"I think in a lot of ways were were glad (VC) wasn't available," Humphrey said. "It was more about survival and that was a benefit for us."
Despite the hard-luck story, Humphrey's startup, Appster, basically is all about helping improve app ideas, marketing them and getting them funded. In short, Appster is supposed to act as a company's chief technology officer, and it commands a similar salary.
"So $150K and a good idea could get me an app that could put me on the radar?" McGrew asked.
"Sometimes it's a lot cheaper than that, but that's the ballpark," Humphrey said.