
NOAH KAGAN
Chief Sumo at AppSumo, former Facebook employee #30, and prolific business content creator
Noah Kagan was Facebook employee number 30, got fired before his stock vested — a loss worth roughly $200 million at IPO prices — and then went on to build AppSumo, a software deals platform that generates over $80 million a year in revenue. He tells the Facebook story constantly, which either means he is remarkably self-aware or remarkably good at turning personal pain into a content asset. Probably both.
Net Worth
$100M+
Nationality
American
Time Horizon
Long-Term
Risk Appetite
7 / 10
CAREER & BACKGROUND
Noah Kagan grew up in California and graduated from UC Berkeley. He worked at Intel briefly, then joined Facebook in 2005 as employee number 30 — one of the first product managers.
He was fired by Mark Zuckerberg in 2006 before his stock vested, allegedly for sharing confidential information. He went on to work at Mint (the personal finance app) before it was acquired by Intuit.
He then started Appsumo.com in 2010 — a daily deals platform for software tools. AppSumo grew into a major distribution channel for SaaS products, generating over $80 million in annual revenue.
He also built Sumo (email popup tools), SumoMe, and Monthly1K (a course on building a $1,000/month business). He runs the Noah Kagan YouTube channel and "Noah Kagan Presents" podcast, which became popular for practical, story-driven entrepreneurship content.
COMPANIES & ROLES
AppSumo (founder and Chief Sumo — $80M+ annual revenue). Sumo.com (email and marketing tools).
Monthly1K (online course). Noah Kagan YouTube channel (1M+ subscribers).
Previously: Facebook (employee #30), Mint.com.
INVESTING STYLE & PHILOSOPHY
Kagan is primarily a builder and operator, not a financial investor. His wealth comes from owning AppSumo, not from a portfolio.
His investment philosophy as he describes it: build cash-flowing businesses you understand, avoid complexity, solve real problems for real people. He is strongly pro-bootstrap or low-capital-raise — AppSumo was built without venture funding.
He has said that raising money is the worst way to start a business because it removes the constraint that forces good decisions.
THE PLAYBOOK
Money Habits
Obsessed with tacos. Genuinely.
Has a tattoo, has done multiple taco reviews, uses tacos as a constant content hook. He exercises daily, keeps his schedule simple, and has been open about working roughly 4-6 hours a day — his view is that more hours does not equal more output past a certain point.
He reads a lot and shares book summaries on YouTube.
BIGGEST WIN
AppSumo. He started it with $50 and a cold email to the founder of Reddit asking for a deal on a lifetime subscription.
The company grew from a side project to an $80M+ revenue platform without outside funding. AppSumo became the dominant discovery channel for SaaS products at the early-growth stage — thousands of software companies have launched through it.
BIGGEST MISTAKE
Getting fired from Facebook. He has said it was partly his fault — he violated trust by sharing internal information.
But the financial consequence — losing vested equity worth hundreds of millions — is legitimately brutal. He has spoken about going through a difficult personal period after the firing.
The redemption narrative through AppSumo is real, but the loss was real too.
FINANCIAL PHILOSOPHY
Start small, prove revenue fast. Kagan teaches what he calls "Million Dollar Weekend" — the idea that any business idea should be validated with actual paying customers before you build anything significant.
He is deeply skeptical of elaborate business planning without revenue validation. He argues that most people who want to start a business should spend the first weekend trying to get someone to pay them for something, anything, to prove the instinct.
FAMILY & PERSONAL LIFE
Based in Austin, Texas. Has spoken openly about his personal life and mental health on his channel.
In a long-term relationship. Jewish-American background.
Known for his casual, self-deprecating style — he makes fun of himself constantly, including the Facebook firing, which has become a recurring bit.
EDUCATION
UC Berkeley — studied economics.
BOOKS & RESOURCES
And David Heinemeier Hansson
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QUOTES (6)
The best time to start a business was yesterday. The second best time is today. Stop planning. Start doing.
Getting fired from Facebook was the best thing that ever happened to me. I just did not know it for a few years.
Validation before building. Get someone to pay you before you build the product.
Most people are too afraid to ask. Asking is free. The worst they can say is no.
I would rather have a business doing $1M a year with no investors than a startup raising $10M that I do not control.
The secret to AppSumo's success is not genius. It is that we kept showing up and kept shipping.
NETFIGO SCORE
Proprietary 5-dimension investor rating
Risk Appetite
Contrarian Index
Track Record
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Alex Hormozi
Both give away practical business knowledge for free to build audiences — similar philosophy, similar demographic, similar respect for each other's work
Mark Zuckerberg
Kagan was Facebook employee #30 — fired by Zuckerberg before his equity vested in 2006 — one of the most cited early Facebook departure stories in startup culture
Sam Altman
Both came out of the early Silicon Valley ecosystem — Kagan from the Facebook/Mint era, Altman from the YC era — two versions of what scrappy early tech success looks like