I read the comments first to make sure the entrepreneur isn't selling a course.
@AA-ex3fv3 ай бұрын
I love this comment, I always do the same
@VikingMarketer3 ай бұрын
Lol what's the issue with selling a course?
@nirajshuklaNL3 ай бұрын
@@VikingMarketer when it’s masked as something else, it becomes a waste of time to watch.
@FragranceCraft3 ай бұрын
Everybody sells courses now ... I sell perfume 😂 @@VikingMarketer
@tdmbusiness52963 ай бұрын
@@nirajshuklaNL this is a safe place. Never seen a course ad. Great content to relate to and get inspiration. They do have a lead magnet in the description but I don’t know what they sell after that. I like their style.
@alexenax11093 ай бұрын
This channel is one of the best thing out there! You will arrive to 10M subscribers easily!
@starterstory3 ай бұрын
We won't stop til we get there!
@bollvigblack2 ай бұрын
and after you stop? @@starterstory
@azpwnz73 ай бұрын
Jozef, thank you for sharing your story and being open and honest! Good stuff! 🏰👑
@yanafridabinaev2 ай бұрын
Another amazing story! Thanks for sharing!
@monbeauparfum14523 ай бұрын
$100k per month on marketing is insane.
@MaXXXimus19843 ай бұрын
they run on very little margins, 50/60% on marketing means that it's full of competitors out there and you have to pay that amount to win costumers - as soon as a competitor step in with a cheaper product they will go brankrupt
@robert3019903 ай бұрын
With more organic, the ad spent will lower too. Clever dude!
@gavinwiener3 ай бұрын
@@MaXXXimus1984 Probably going for the exit
@ManTeeraАй бұрын
The competition is real... That's why it's expensive 😢
@Bakmandour2 ай бұрын
Your content would be AWESOME as podcasts as well ! Thank you for all these stories.
@JACEMADE2 ай бұрын
Great interview! Jozef is an absolute beast in the industry
@NHaider20243 ай бұрын
Big part of this story is that he took years to improve his coding skills before building this business
@erikmaguina12 ай бұрын
This is true 👍
@Warpgatez22 күн бұрын
That’s a given with all of these cases… why the heck do people come to these videos assuming the people in these videos haven’t been programming for a long time???? On every video… “he didn’t do that in 5 hours. He spent years learning how to program”.
@ray-mc-l3 ай бұрын
I'm impressed by the speed of revenue growth. His numbers make me worried though. They're spending half their money on marketing and their churn is over 50%. Maybe they should slow down and make it stickier instead of burning through all their potential customers. The net margin is shockingly bad for a SaaS.
@wedaj3 ай бұрын
plus its a feature if chat-gpt implemented this feature ......
@stealthgpt3 ай бұрын
Hey Ray, Joe over here. Really appreciate the feedback. The way we spend on marketing is a sliding scale to limit stagnation and put an emphasis on growth. These are soft spend numbers, meaning at any time we can dial it down. We can get much greater margins but the focus right now is on growth and seeing where the plateau phase is. Once we get to a higher position we will likely dial marketing spend back. That's the gameplan! :)
@ray-mc-l3 ай бұрын
@@stealthgpt I wish you the best. If I was you I'd look into using programmatic SEO as a long term marketing strategy. That could potentially increase your growth and margins at the same time.
@stealthgpt3 ай бұрын
@@ray-mc-l I appreciate that. We have been working to do that. Great minds! Also we are bringing in some experts to help optimize our marketing channels. I've been in digital marketing for as long as I've been running Stealth. It's been good so far, but now time to go for the big leagues!
@hornedgod28733 ай бұрын
@@stealthgptInteresting insight. Thank you for taking the time to engage.
@SinlessDays26 күн бұрын
Thank you for sharing your story. Great insights
@HellmansKitchen3 ай бұрын
This is another great video, which we should all be able to pick out some choice nuggets of wisdom. Keep on doin what you're doing. I appreciate your hard work!
@MrDonald9113 ай бұрын
AI engineer here and spoiler alert: this guy did not come up with a way to detect if text is AI generated or not. Even PhDs from MIT did not come up with a way to do that. I hope he'll team up with real AI scientists and researchers to find an effective way to do that, otherwise this is just a pipe dream IMO and sooner or later people will realize that.
@GGTanguera2 ай бұрын
My thoughts exactly. He would need a PhD in linguistics as well as MIT 😅
@noisycarlos2 ай бұрын
That's why most of the revenue goes into marketing
@StingSting8442 ай бұрын
It doesnt matter. He makes 2Million a year
@Omikoshi782 ай бұрын
Can he be liable if he’s too dumb to comprehend that what he’s doing is probably fraud?
@bubblybull246329 күн бұрын
Why would you take for granted that he didn’t crack the nut? Have you tried the product? If you’re calling him a fraud without proof, you know you’re liable for libel or defamation?
@JustPassingByBaby3 ай бұрын
Got a loan from my father. Made chatgpt wrapper. Done.
@stealthgpt3 ай бұрын
Hey, Joe here. The loan mentioned was a $5k loan from my father for my first business in 2017 that failed. For StealthGPT I did not get a loan from any family. It was built off a $150 personal loan from myself. $150 for the web domain. Also not a chatgpt wrapper. Its a lot more complicated than that :)
@ExNihilo6343 ай бұрын
@@stealthgptThanks for clarifying Joe. Keep up the good work 🎉
@fluiddynamics3893 ай бұрын
@@stealthgpt does it use chatgpt or any of those type sites under the hood
@ManKidCS3 ай бұрын
@@stealthgpt don't kid yourself.
@yehaa003 ай бұрын
That's a skill to make chatgpt wrapper sells
@tanzeelghori2959Ай бұрын
Amazed to find this channel, in few years you'll be calling me XD
@eahefnawyАй бұрын
It's incredible how you defied two of the most commonly advised principles of starting a startup and still succeeded: 1. Talk to your users before building the MVP. 2. Avoid relying on ads for marketing. Just goes to show that sometimes, breaking the rules can lead to success!
@REDSCORPIONFX3 ай бұрын
I respect how he wasn't trying to go to his mom and dad even tho he had to.
@jerrysalo273523 күн бұрын
I love your video-- Great info
@sedavaio3 ай бұрын
Great channel with great videos. We wish the best and a lot of luck to all startups out there. We're a startup too so we know the pain and pleasure of building something.
@BruceLee-tm3cg2 ай бұрын
If I managed to build a business with such revenue, the last thing I would do is telling everybody I did it.
@ReeInvesting2 ай бұрын
scarcity mindset right there. i am a sharer, so i sure would!
@amanag1273Ай бұрын
Same
@amanag1273Ай бұрын
If you re making lot of money and nobody knows or little knows about it you can make it real big
@nonefvnfvnjnjnjevjenjvonej33843 ай бұрын
What a horrible horrible business. To help spammers masquerade as legitimate writing. No wonder the world is turning into utter shit. People have lost all morality. The fact that this channel celebrates this is even more crazy. I just can't believe I am the only one who finds this troubling.
@Pug106gti3 ай бұрын
This is more like what I subbed for. Even earlier stages would be awesome. Thanks for the great content! Would be awesome if you'd consider a documentary of someone starting from the basics. Anyways, thanks for starting Starter Story :)
@sahbazxlilli51252 ай бұрын
This was great conversation
@user-qk9yi6ro4s2 ай бұрын
Dude, I love how up front there was a numbers break down.
@gregfish_Ай бұрын
The zoom on the manga 💀
@rubyvids8857Ай бұрын
Solopreneur lol we have turned into a society of catchphrases and labels. He's an entrepreneur, just call it what it is and he keeps saying "We" he isn't alone and its not possible to get anywhere in life completely alone. That's the beauty of the journey.
@DavidGaines263 ай бұрын
Alright! Let’s make some money!
@realshituations3 ай бұрын
I have a couple hundred to start with so maybe I can get there quicker!
@osamedeuzzi39783 ай бұрын
He spends 160k a month, which is 1.92M a year, but makes 2M a year. what is this nonsense.
@timokohler3123 ай бұрын
pretty normal if you are scaling a business. I guess his salary is included in the payroll section
@ManKidCS3 ай бұрын
what do you expect from a crypo bro running a GPT wrapper business.
@aryankumar877713 ай бұрын
@@ManKidCS it's the title that is wrong, he makes around 300k a year profit and $2.4M Revenue
@ManKidCS3 ай бұрын
@@aryankumar87771 yes, but spending $160k a month to develop a GPT wrapper is insanity.
@freeestyleobsessed3 ай бұрын
😂😂😂
@HystericallySerious-lol3 ай бұрын
Interesting video, good luck with your business in the future. Stay "SERIOUS" 😆
@GL33TАй бұрын
Key take away ... have rich parents who will invest in you & also bail you out of trouble
@qwertzxc14789633 ай бұрын
I hope we could see more video like the last. People with 1-2 person building profitable biz 70%+ margin. Not people build a team and barely make profit. Profit is still important after all since we are not doing VC backed business, cash flow is still the only indicator of the level of success. What’s the point of running 6 people team and earn money that’s less than working in big tech.
@HoNewerth2 ай бұрын
why does he need 7 employees for a business that seems to run itself? Just curious
@SwaeTechАй бұрын
Administration, customer support, marketing, app maintenance and new features
@DavidAmodt3 ай бұрын
Got taken down by cfpb enough said. Second company sounds sketch with a ton of marketing
@viewbox87943 ай бұрын
All about selling course most people making good money wont want competition.
@user-ah03 ай бұрын
great that he is making enough profit with spending money for growth.
@jjam37742 ай бұрын
I wish black folk would get into technology... you never hear anyone from the African or African American community linking up with friends and starting an online business
@MostlyPeacefulNinja2 ай бұрын
We out here 👍🏾
@amerrashed62872 ай бұрын
100k for marketing!! More than the operating expenses!!
@sutats3 ай бұрын
Sounded like the authorities almost got him to the situation of self deleting.
@ManKidCS3 ай бұрын
let's be clear, it was entirely his own doing. the "authorities", the fact he had to settle means that something was going on - even though that was brushed off.
@ADHDGarageKitchen20 күн бұрын
my adhd crippling me , i wish i can find a place to pour the ideas for anyone to use
@ridabrahim76042 ай бұрын
I can say one thing, milk your SaaS and leave because it won't last forever
@almaogbonna40253 ай бұрын
People should be careful with people claiminG the make money on this comment section.. these are bunch of criminals trying to rip people off
@jd216118 күн бұрын
I stop listening when the hardest hurdle for most people is just bypassed. His parents are loaded. He had almost no risk
@paul-towers3 ай бұрын
These videos used to be so good but man they have gone downhill fast.
@starterstory3 ай бұрын
Why's that?
@paul-towers3 ай бұрын
Well in this video you say the “guy barely knew how to code” but the guy started coding straight out of college and “took a few years to learn how to code”. So someone who hears the intro line thinks that they can get started relatively quick, yet in reality it’s years of effort to get to the level required to be someone competent as a dev. Then their retention is terrible. It’s taken them 15 months to get here, and they have had 20,000 paid subs total, but now only have 8,500 current. So averaged out over a 12 month period their retention rate is like 50%. Compared to standard industry benchmarks this is nowhere near sustainable. Then finally I think it’s important to know that his business idea isn’t overly defensible like he presents. If the AI checkers get better his value prop disappears. If the AI platforms themselves get better at writing content that can’t be detected as AI generated his idea is also toast. So I wouldn’t “follow him to make millions”
@qwertzxc14789633 ай бұрын
Agree. And I assume making 1M or 200k/mo in title is saying profit not revenue. Making a 200k/mo revenue business but only 10k-30k/mo profit is not equal to a 200k/mo biz. Pretty much every soloprenuer can do 10k+ profit.
@starterstory3 ай бұрын
@paul-towers Thanks for the feedback. But it does feel like you are trying hard to point out the flaws in his business. All businesses have flaws. My business has flaws. Billion dollar public companies have flaws. That is what building businesses is all about - building something and trying to patch up the flaws along the way, which Jozef and his team seemed to be doing when I met them. I hope these videos allow people to get a closer peak into businesses like these so it can help you make decisions about your own business. Jozef shared profit numbers, which he didn't have to.
@paul-towers3 ай бұрын
@@starterstory I get that but equally I have watched every one of your videos, so I’m supporting your business. So I’m giving feedback that I still feel is valid, and the likes on my comments would suggest other people have similar views. Perhaps if the video was framed differently, instead of here’s a guy making 2m to here’s a guy who’s started a business that is seeing early signs of traction it would be more representative of where he’s at. Then you basically have videos covering people at the start of their journey and a separate series on those who have got past those stages and have built something that has proven to be successful over time. Anyway just my 2 cents
@Kiloksks3 ай бұрын
Moral of the story, have rich parents.
@LaloloopАй бұрын
This guy sounds like a major bluff
@LaloloopАй бұрын
If he's a solo performer, why does he keep speaking about "WE" as a group? Who the hell are "we"?
@ClackySolutions2 ай бұрын
we we're looking for the starterstory file that you said it was free, but we can't find it!
@samatech88533 ай бұрын
Inspiring
@rajikkali23813 ай бұрын
Great, now college students can pay thousands for university classes, pay chatGpt to write their papers, then pay this guy to make them undetectable. What a society we live in.
@IAenCavale10 күн бұрын
At 7:11 either showed us a password or the guy just typed random stuff haha
@Editnamehere3 ай бұрын
For those reasons im out.
@rosemarykelley42352 ай бұрын
the website shows FORBIDDEN LINK.
@Peter-ik9fz3 ай бұрын
Besides the criticisms in the other comments about the numbers of the business, I'm surprised no one mentioned anything about the ethics of the service they offer. What are some legitimate use cases for this tool that helps to avoid A.I. detection, other than just aiding content spammers and students who don't want to write their essays? I know a lot of business don't care about ethics, but it's probably not a good idea to promote businesses with questionable ethics as success stories or at least ask them about it in the interviews. Also his advice is good about "think about problems in your life" for business ideas, but the interview failed to explain how the A.I. detection was a problem in his life.
@MaXXXimus19843 ай бұрын
I completely agree - Coming next on Starter Story "he started from nothing, now is heading a multinational multibillion empire in drugs - meet the Narco boss", "he make 100million by email marketing, meet the Nigerian IT fraudster", "he earns millions by high-paying tickets, meet the Russian Hacker genius" and many more
@user-ah03 ай бұрын
AI detecting service is way more evil. because they cannot detect AI.
@ronibelsonАй бұрын
@@MaXXXimus1984 😄
@mireilleroy6373 ай бұрын
I'd like to know more about Phil from TikTok he is talking about, thanks!
@emilyvictoria77893 ай бұрын
best story on the channel 👍🏻👍🏻
@elissitdesign3 ай бұрын
The financials are crazy!
@CoreyHinde3 ай бұрын
Huge churn.....
@richardgusmao18923 ай бұрын
It's crazy. I had this idea yesterday and I thought it would be very cool and could make me some money. And today when I opened KZbin, this was the first video I watched
@vladonutueu4 күн бұрын
It’s a coincidence indeed, but the algos surely know what we think
@helloworldcsofficial3 ай бұрын
Everyone jelly in the comments. At least he is doing something.
@aljox55663 ай бұрын
another GPT Wrapper ? damn
@starterstory3 ай бұрын
99% of startups raising money right now 🤣follow the money!
@kevin_money2 ай бұрын
Clickbait title is pretty lame
@alexandrumih3 ай бұрын
News about AI startup should mention upfront if the startup is just reselling the OpenAI api at a higher price or not.
@starterstory3 ай бұрын
99% of AI startups do this. You can get mad, or you can get rich.
@robert3019903 ай бұрын
It’s normal, any business is reselling in some form. Be inspired if he can do that with just a “wrapper”, imagine what you can do!
@user-ah03 ай бұрын
not reselling. Any software company is reselling AWS by your logic lol.
@alexandrumih3 ай бұрын
@@starterstory then it's funny that anyone with basic http api integration knowledge can label himself as an AI startup founder.
@alexandrumih3 ай бұрын
@@user-ah0 if your core product is infrastructure and you're using AWS to deliver that, then you're a reseller. if AWS is just your infrastructure provider for an innovative product that is not related to hosting, you're not a reseller. lol.
@col8325Ай бұрын
With those costs and the competition in AI, you need to exit fast unless you are backed by 100s of millions in investment as you simply won't last. Sell Sell Sell.
@nijario9690Ай бұрын
True! And a.i is becoming more and more hard to detect. His business idea was good but soon it'll be useless
@nijario9690Ай бұрын
Gpt-5 is coming this winter
@nijario9690Ай бұрын
His business Will die this winter with the release of gpt-5
@Brad-d7p2 ай бұрын
Still why he make a KZbin video. Real business men just keep rolling.
@danicunhac2 ай бұрын
So he knew how to code since he studied
@bricetrophardy3 ай бұрын
Revenue: $200k Profit: $10-30k Ok, bye
@craigscott42052 ай бұрын
Some IPO'd companies are still not profitable? Where's the eye roll
@vladonutueu4 күн бұрын
@@craigscott4205 honestly speaking those companies have a lot of market share, which is valuable by itself as it can be monetised.
@Pl-qq4yl3 ай бұрын
Paul , like your vids , but the only things , you are showing too much your legs , shorts should not be an option and the way you always sit with your guests.
@starterstory3 ай бұрын
🤣
@chatwhisperer3 ай бұрын
Next time might see some 🌰s poping out….Pat aka paul, is setting up his next interviews, onlyfan millionaires 😂
@chartwestcott71703 ай бұрын
Proud to be a very early investor.
@stealthgpt3 ай бұрын
👑👑👑
@fluiddynamics3893 ай бұрын
he defrauded his last investors, so I'd say it's time to sell
@nonefvnfvnjnjnjevjenjvonej33843 ай бұрын
@@fluiddynamics389 Chart Westcott is a fraudulent investor too so I am sure they are in cahoots to defraud the other investors.
@Cant_find_good_Handle3 ай бұрын
nice idea!!!
@explicamen2 ай бұрын
How success as a scam
@Aidbase3 ай бұрын
Oh! I know this guy 🤩 He's an Aidbase customer!
@JakubSKАй бұрын
I’m sure you did😂
@folatech44043 ай бұрын
nice info
@GraphicHut2 ай бұрын
Does anyone know how to turn off this bullshit detector? It’s going off like crazy.
@NockYT28 күн бұрын
Dude is an absolute scam artist. Crypto scheme says everything there is to know about him.
@Simon-lk6ky3 ай бұрын
Finally a real story!
@ReeInvesting2 ай бұрын
nice!
@jpanic22 ай бұрын
can your parents help me?
@JohnDoe_14833 ай бұрын
Interesting stuff. Crazy where AI is going
@danielayesnu25373 ай бұрын
Oh wow
@Resideline18 күн бұрын
Another course video 😅
@1littlecoder3 ай бұрын
06:36 no disrespect. But even Research factories like openai could not crack ai generation 100%
@freeestyleobsessed3 ай бұрын
So you borrowed all the money from your parents to start the crypto business the crypto business went belly up you got sued by the government and lost and had a $400,000 judgment then you borrowed more money from your parents to pay back portion of the settlement and you’re still paying back the settlement today and now you’re running a business that uses 100% of its money to acquire more customers and if anything happens like a fart in the wind that business is going to collapse and you’re probably going to owe a ton of money to everybody again Maybe it’s time to find another path
@Thomas_jeba3 ай бұрын
What api
@pauljones77983 ай бұрын
Wow! I Turned $150 into $2M/Year. I love this Starter Story. But how to achieve that success story?????????
@nwilt71143 ай бұрын
So basically, he made a product for scammers, cheaters, and overall fake people. 🙄
@starterstory3 ай бұрын
Negative way of looking at it. Good entrepreneurs build products that the market wants.
@differencebetween6823Ай бұрын
Loads of lies guys. Stay away
@user-kt1iz4vc3x3 ай бұрын
for some reason I don't believe this guy
@alexmartin21913 ай бұрын
Solopreneur? 6 people?
@PeterTadeush3 ай бұрын
wow
@قناةالنورللإنتاجالدعوي2 ай бұрын
🥰🥰🥰
@SlickRick07223 ай бұрын
Nice
@strauss71513 ай бұрын
The spend and the churn are too high.
@joelt16163 ай бұрын
His expenses are killing him. It’s unsustainable in its current iteration. He’s barely bringing home a check for himself! His isn’t a starter story it’s a shit story.
@chrsl33 ай бұрын
❤
@Eugene_Liu3043 ай бұрын
im more interested his crypt business
@fluiddynamics3893 ай бұрын
Yeah it was called J Squared LLC. You can find more details about the feds going after him for defrauding investors
@bouncypeople87493 ай бұрын
Why is this guy crying about having parents who had the money to help him get through his government issue?
@emilyvictoria77893 ай бұрын
He’s just showing gratitude to his parents 💀
@Growsyco3 ай бұрын
1st comment like me
@johnjohnes6988 күн бұрын
*has parents who can borrow him hundreds of thousands mmmkay
@divyv203 ай бұрын
Hey , Starter Really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?