22-Year-Old Immigrant Made $700K in 3 Months with AI
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- Опубликовано: 5 июл 2024
- Here's how Alec Nguyen launched his first business with no money and did $700k in just three months with no marketing budget.
Timestamps
0:00 Intro
1:47 Solving a problem
2:21 Student project turned into the top product on AppSumo & Product Hunt
4:51 The initial startup idea(s)
7:09 The 48-hour product launch
8:04 Interest from a VC
10:14 Office tour
10:47 Highest impact book recommendations
13:12 The nap room
13:35 Cofounder
13:53 Launching on AppSumo to get customers & feedback
Alec and links mentioned
Afforai afforai.com/
Alec / alec-nguyen-about
Sputnik ATX www.sputnikatx.com/
AppSumo social.appsumo.com/yt24-brand...
Product Hunt www.producthunt.com/
The Mom Test a.co/d/aKmFP9x
Digital Marketing for Dummies a.co/d/dTnKQtj
Get Backed a.co/d/3n0EEJT 
Развлечения
![I Built a $1M AI App [No Code]](http://i.ytimg.com/vi/IZsQqarWXtY/mqdefault.jpg)
![I Built a $1M AI App [No Code]](/img/tr.png)
Afforai is back exclusively for Sumo Day, but it won’t last long. Get it here! social.appsumo.com/yt24-brand-alec-afforai
We're glad to be back!
Making money should be a routine. The secret to making a million is making better investment.
Consistent and smart investing is key to building wealth. Making informed investment decisions regularly can significantly increase your chances of reaching that million-dollar milestone.
You're right! I've been in touch with a financial advisor ever since I started my business. Knowing today's culture, The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Angela Lynn Schilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Right on!!!! If no one feels you're worthy of an interview, start your own firm. All the best.:)
🥰
After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!🇸🇮🇸🇮
Congratulations
Alec, I’m so happy to see this as a friend who used to spend time a lot during high school. I hope I can see you soon maybe visit your office 😆 congrats man
happy for you man!
love your content !!
Cool man, wish you all the best!
From Vietnam :)
Oh awesome! thanks for watching.
Love this kind of content! Great job guys! Wish you good luck! Thanks for the book recommendations!
Thank you so much! - Alec
I am sending this to all of my relatives.
Keep up the great work em 💪🏼
Oh my! That'd be great. Thanks - Alec
Love it! Congrats Alec! Happy Afforai user 😎
Appreciate it! Afforai just got better with the newest version launch. How have you found it so far?
Yes!!!!. More please
tacos on me, Noah & Mitchell - Alec at Afforai
Wow you're here.❤
Just bought your book!
@@eujin9709 he sponsors this channel
I came here from Alec’s Reddit! I loved listening to his and as an international graduate who didn’t get into any fancy tech companies this made me very hopeful 🥺
Omg, glad to see you here :)) - Alec
NGL, I got a lot of value from hearing your journey. Bought The Mom Test. Diving in tomorrow. I didn’t buy Afforai on AS, but I’ll follow the brand now thx to this founders grit.
Kudos to AS & Afforai for a dope collab top to bottom. Rock out team!
Enjoy the book, it's fantastic! - Alec
Investing into Alec and Hung's values was probably one of my favourite decisions this year. So much potential
Thank you a ton! We in it to build something meaningful. - Alec
@TXanders what’s your IG?
@@Afforaihow can we invest in your business ?
Love the energy. All the best to your collaboration, guys
Good health and prosperity Alec. Your product has changed what I think is possible in my life. It's a big enabling product. From an ethical health writer/copywriter in the UK.
I'm really glad to hear that! We'll continue to make Afforai even better. - Alec
He came to the US 5 year ago from Vietnam and his English is excellent!
Thank you!
Good work and congratulations!
Thank you! Still have a lot more things we want to do to make Afforai even better!
Nice story, but it would be nice to hear more about the technical aspects of building the application and how they did it, and actual 'mechanics' of building up the business.
We did talk about that too, but it was a 2 hour conversation.
Awesome young man. Bright future ahead of him and his co-founder.🎉
Just doing our best everyday! - Alec
🔥🔥🔥 more content like this!
😃
wow congratulations to both of them for founding a company and providing service
🙏🏼 Appreciate it! - Alec
Appleton, WI mention took me by surprise. Watching it from here!!
Oh hello! Been a great 5 years living in Appleton. - Alec
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life>>
True words spoken. Take responsibility for your own life basically. I vibe with that. - Alec.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, >
Making touch with financial advisors like Walter James Henry who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
You have the same hair styling. I love it)
That is amazing. International student here living in Madison WI.
Cool! I used to live in Appleton - Alec
Proud of you guys!
❤❤❤
Cool! What the technology stack behind? The interface looks like a flutterflow design
They've skill that took years to learn before this setup.
definitely many things I learned throughout my life converges to help me build this startup now. - Alec
Very inspiring! Very impressive
Appreciate it!
Congrats team!
🥳
Okay Appsumo. I see you... this was nice.
Glad you enjoyed our story! - Alec
Aori built a research workflow platform to help researchers manage citations, references, and conduct literature reviews.
The credit to their success to factors including:
Starting with a student project and focusing on solving a real problem for their target audience.
Continuously iterating on the product based on user feedback.
Not focusing on revenue but on building the best product for their customers.
Three books that had a big impact on him: The Mom Test, Digital Marketing for Dummies, and Get Backed.
The Mom Test: Focus on asking the right questions to validate your business idea and avoid confirmation bias. Talk to potential customers about their lives and past experiences, not future desires.
Digital Marketing for Dummies: Learn the basics of online marketing strategies like SEO, social media marketing, and email marketing to reach your target audience effectively.
Get Backed: Securing funding for your venture. It emphasizes building strong relationships with potential investors and providing value to them.
Good summary
This was extremely well made video, much better than Starter Story for sure
Appreciate it! - Alec
Awesome information!
Glad to hear!
This is inspiring
I'm in the same situation. I'm going to do the same thing.
Amazing job👌👌👌❤❤❤
🥰
15:55
In other words..,
A watched pot never boils!"
I realize more and more everyday that I'm happier hearing how Afforai is helping our users than raising capital - Alec
Thanks for continuing updates. I'd rather trade the stock market as it's more profitable. I make an average of $30,100 per week even though I barely trade myself.
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
The American dream is just an idea. I am 44 and feeling like I am over this rat race and wanna be free of the trap. I've lost everything a year ago and feel like I have to start over again but all these young people are so motivating
Oh my friend I'm 30.5 years old and when i watched this guy i thought %100. same thing what you thought...I really wish back to my 22 years old.
@@yusufbozkurt6878 It's never too late. So many amazing entrepreneurs started in their 30s, 40s, and 50s. Just go do it! - Alec
Killed itt
Can someone outside the US invest in this project?
At a 59 years old s/w dev and seat-of-my-pants serial entrepreneur I can relate to this, including sleeping under my desk, lol. I am still in this game, not just as a mgr. I love getting my hands dirty still. And sleeping next to my desk!
Yup, that's the life! - Alec
@@Afforai we need to eventually put your data on a blockchain so that there is a trustless model. And btw, there are no smart contract decentralized blockchains currently. I could explain why. For one, no blockchain has legitimate public randomness. We could have some deep convos if I am around Austin. Kudos friend. - Shelby
If you wanna be successful, make sure to have a lil ponytail like these guys
haha man bun for the win! Although I did changed my hair style now recently
It's interesting to see the opportunities created by AI
Now you can start a business
Disrupt a business
Grow a business
Pick a NICHE and go all in
Yup! - Alec
Just wow, well done! I wish this tool existed when I did my PhD. It would have saved me a lot of time.
Appreciate it! And yea, I wish I had this during my research time too. - Alec
@@Afforai 😃
Maybe I missed it but who did the programming for the software?
My co-founder and I did. - Alec
@@Afforai Very cool, thanks. Great job man.
good
For the folks watching this you cant do this unless you are technically savy. YOU CAN however start a partnership with a few people and churn something similar out if you have leadership skills (visionary)
Well, both my co-founder, Austin and I spent 5 years learning everything we can in college, also built projects in our free time to upskill. That is to say you can always learn and teach yourself.
@@Afforai You can but for some people your 5 years could equate to 10 or 20 years because you may be better versed (Hardwired) in said areas. Whereas a non-technical founder can start right away if he is able to describe the vision to somebody else and move forward. Many ways to the top of the mountain
@@Afforai Great job guys. Would love to work with you
How you guys have the same exact haircut 😂
I really don't know. Call it fate. - Alec
This is a fake video. All pre planned and coordinated.
@@recursion. 😂😅
whats his work services??
chúc mừng mấy em!!
Cảm ơn bạn - Alec
10:50 Alrite, who copied whose hairstyle first? LOL.
He copied me :))) - Alec
Thank's for video,
But 700K are revenu or Fundraising?
700k lie
revenue - Alec
Congrats! However, take heed, those gullible RUclips watchers, me included: Why would they be sharing such info if they were REALLY killing it? Just do your own research before taking the first step.
Just wanted to share our journey. More so to international students that were and are in my situation. I hope my journey can show that there's hope and there's always a way.
The secret to a successful startup is sumo hair ✊
Maybe, just maybe! - Alec
It's crazy how many AI startups are doing this.
can this success be duplicated?
You either need the technical skills, or the leadership/ sales skills so you can convince someone to join your team. In this case the average person is not very likely to be able to replicate the scenario as he is the technical person as well as his buddy. Whereas here it seems he also had the leadership/ sales skills as he thought on capitalizing on his product
The average person (visionary) is more likely to be able to hire others to do what he and his co-founder did.
If I was to replicate this I would do everything they did except work on the app myself as I do not have technical knowledge. Then I would focus on the direction of the company and what the VC is going to want in return as they are typically very needy. Once the VC achieves its break even point they may request him to sell his company in which case he and the VC receive a big fund and he stays as the CEO, or they hire a board to choose another CEO for it. If you get to that point though you are already set for life and he can focus on other ventures
That being said, Alec once you guys reach that point can you guys reach out would love to stay in contact as I have a few ideas my self.
The only Question is - how much Alec is taking home after the cut of the GREEDY Appsumo? Its may be only $70k. :)
Trust me, this is the FACT!
Cool bruh! 1000x in a year
honestly id rather work at jack in the box and b-ng latinas..
Yea building a startup takes everything out of me so I don't blame you :) - Alec
Notice how they both have the same haircut 😅😊
a 100% coincidence - Alec
Great story but title is misleading
Here I am still searching for animation jobs. I graduated in December 2018 after going to school for ten years. -___- I hardly have any money.
Everything will happen at the right time. I can tell you it's not all rainbow and sunshine in my life, even now. Still grinding working hustling non-stop. - Alec
Co out voiceover 123
Love this
🥰
11:09 - Why do you both have the same shaved pony tail hair?
Haha that was pure coincidence! I don't know either. - Alec
where is your focus?
@@YesitisDex My focus is keeping my hair not getting too long haha. Just joking, Afforai's focus is creating best tools to enhance researchers in the age of AI rather than replacing them - Alec
And that is why i say "fuck LinkedIn" and "fuck recruiters"
😂😅
@@Afforai I'm serious I'm making shirts. Going through what you went through since December, LinkedIn job postings aren't even real, companies are just harvesting data.
How much was profit?
SaaS companies typically have much higher profit margins than traditional companies. I'd estimate 70-80% of gross revenue is profit.
noah be like yes more ! no shit LOL dude made 630k from the 700k the vietnam dude made like 70k from ltd customers that he have to service forever till he close down 🤣
I invested 20mill in this company.
What pesos or rupees?
CAP dont believe , he must have a trust fund back home funding him for multiple startups no way he hustled
Haha nope. Hustled with the last of my savings. Or else why would we try to go raise from VCs. We had no connections or backing in the US. I was broke in college too.
Alec, co-founder of Afforai.
This is inspirational and informative well done Alec! Impressed with how chill you are as well.
Hope you guys keep succeeding.
@@sanchi3944 Holding onto my hunger for success the same as when I was in college. It doesn't really change.
CAP
Just sharing our story, not here to convince - Alec
hater lol
ahroa cuentame una de vaqueros
Totally unimportant he’s an immigrant tho lol, everyone has access to internet
True, but in my case I wouldn't have started Afforai if my situation didn't force me into it - Alec
so its a chat gpt wrapper🤮🙄
You can say Dropbox is an AWS wrapper. And they are a billion dollar company. So Dropbox must be creating some consume surplus here for people to them. At that point, is Dropbox still just an AWS wrapper?? Just food for thought.
Alec,
In Canada, its impossible. He would end up flipping burgers as most immigrants in Canada.
Probably yes. I was doing the right thing in the right place and the right time and that's how luck meets opportunity. Otherwise yea, I would be flipping burgers.
Alec.
I don't get it lol
That's okay. Which part?
😁
😁
How about less flexing and more doing?
Anytime we don't sleep, we work. When we don't do work, we think about work. So...... yea. This was hard work + luck. - Alec
Lies
Not here to convince. Just sharing our journey - Alec
23 bro 😅
Yup
heyyyyy, chúc mừng and best of luck! HMU if you are looking for SWE 😆
So he scammed some idiot, totally worth making a video about 😅
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Kathy lien
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
The most useless interview ever
🤷♀
Downvote. No bank accounts. This is fake. Everyone can come online and make up numbers.
show bank account: This is photoshopped
Doesn't show it: No proof, it's fake
=> Can't make everyone happy. Just gonna focus doing our thing. Have a good one.
Bruv, if you're a multimillion dollar business, why are you in the youtube comment section?@@Afforai
@@cowl6867 Cause that's how we got to where we are now. Taking time to answer all of our users' questions and comments.
Nice ❤❤❤
🥰
@afforai Nguyening! 👍
😜
what country is this?
Austin, TX, United States
Well done guys
Appreciate it! - Alec
i can feel Alec’s tee shirt is very tight, i wonder why,… its next level distraction
i invested 2000 in this company
this shi* will explode further