Starter Story · 2026-08-16
I Spent 24 Hours With iOS Millionaires
Pat Walls visits Cal AI co-founders Blake Anderson and Zach Yadegari in New York (the other two co-founders, Jake and Henry, join by FaceTime). They cover the founding team, revenue ramp ($30K first month to $1M/month within 8 months, ~$50M/year run-rate), declining low-eight-figure offers in late 2024 before an undisclosed sale, the size of the App Store opportunity, copycat vs differentiated apps, and their new projects (10x App Builder, Flow). No Cal AI acquisition tactics are discussed.
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Numbers mentioned
| Subject | Metric | Value | Quote |
|---|---|---|---|
| Cal AI | revenue | USD 30K/month approximate | “The first month we made 30k” |
| Cal AI | revenue 'like over 100' (thousand) | USD 100K/month approximate | “the second month we made like over 100” |
| Cal AI | revenue | USD 1M/month approximate | “within eight months, we were at a million dollars a month” |
| Cal AI | time to milestone Launch to $1M/month | 8 months approximate | “within eight months, we were at a million dollars a month” |
| Cal AI | revenue 'On track for' this year; first floated as 60M then corrected to ~50M; later restated as '50 mil per year' | USD 50M/year projection | “what are we on track for, 60 million this year? Probably like 50.” |
| Cal AI | exit price Acquisition offers received and declined at end of 2024, not the eventual sale price | low eight figures (declined offers) approximate | “end of 24, we were receiving low eight-figure acquisition offers” |
| Cal AI | exit price | multiple millions of dollars (exact amount undisclosed) approximate | “they sold it for multiple millions of dollars” |
| Cal AI | downloads | millions approximate | “After millions of downloads” |
| Cal AI | team size | 4 cofounders | “together with two more of their friends, they built one of the most successful mobile apps of all time” |
| Zach's first company (high school) | users Reached over two years | 5M users approximate | “I scaled that to 5 million users over two years” |
| Zach's first company (high school) | revenue | USD 60K/year approximate | “started making 60K a year” |
| marketTotal App Store (iOS) consumer spend | market size | USD 100,000M/year approximate | “the entire pie is 100 billion” |
| marketTotal App Store (iOS) consumer spend | growth rate 'over 10%' year over year | 10%/year approximate | “It's $100 billion today. It's growing over 10% year over year.” |
| marketTotal iOS App Store consumer spend, ~6 years out | market size | USD 200,000M/year projection | “I think almost within the next six years, it'll be over $200 billion spent just on the iOS app store alone.” |
| benchmarkRevenue ceiling a copycat app with strong distribution can reach (guest view) | revenue | USD 10K–100K/month estimate | “It can work for getting to $10,000 a month or even $100,000 a month” |