TLDR Tech / Founders
What a Founder Who Sold His Last Company for $780M Is Unlearning
The founder who sold Vungle to Blackstone for $780M explains why his second-time playbook is a tax, after watching Blazel's token bill pass $70K in a single month and its AI-agency business race toward an easy but fatal $10M ARR. He kept the agency just long enough to harvest labeled human edits, fine-tuned a model on them, and pivoted to a platform before the cultural switching cost made the pivot impossible. The expensive lesson underneath it comes from Vungle serving two markets at once while AppLovin picked one, and today Vungle is worth $4B against AppLovin's $150-250B.
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