John Speed

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John Speed

John Speed

@John_Speed

Built a slightly offbeat but surprisingly profitable portfolio of @Shopify apps and niche websites. Get a dose of feel good business building.

Toronto Katılım Şubat 2009
517 Takip Edilen2.9K Takipçiler
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John Speed
John Speed@John_Speed·
Bang. Killed another app. Built 11. Bought 5. Killed 7. On track. Locked in.
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Eyal Toledano
Eyal Toledano@EyalToledano·
gonna be in sf next week for the first time in god knows how long i’m fundraising dms are open if you want to chat or meet up slated to meet some amazing people cant wait!
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John Speed
John Speed@John_Speed·
@vishshet super confusing for merchants. had a couple of these hit my support inbox this morning.
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Vishwesh Shetty
Vishwesh Shetty@vishshet·
This message is so misleading. The customer has apps built for Online Store 2.0, but they can't see them because their old theme structure doesn't support it.
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John Speed
John Speed@John_Speed·
@stuartchaney More of this please Stuart. Incredibly valuable getting any real world insight into this stuff. Thanks for sharing.
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Stuart Chaney
Stuart Chaney@stuartchaney·
A few weeks ago, we made the decision to completely rebuild our business from scratch using AI. The 3 months spent rebuilding how we ship code using Devin/Claude/Cursor has had a massive impact so far. We're looking to take that same impact and apply that across the rest of the business. The goal is to remove all of the bullshit waste and inefficiencies that exist today - and free our people up to focus more on the things that matter. DISCLAIMER: We're working this out in real-time - so all of this can change by the week - lol STEP 1: DATA The biggest advantage of being fully remote is that ALL of the data/comms that exist in the company lives in: - Email - Slack - Github - Notion - Google Sheets - Recorded calls Changes we are making: - open up Slack channels to be public by default - reduce siloed DM's whenever possible - use meeting recorders unless someone explicitly asks to opt out. If we feed ALL of our company data into AI - we can reduce so much fucking bullshit that exists today. Slacking people/channels for context is a huge one. Examples: - Sales: Hey, how's the X deal looking? - Success: Hey, how's onboarding going with X? - Product: Hey, how does X super detailed feature work? This should just be a chat box And you get the answers instantly - with context. No Slacking, waiting on people or trawling through Hubspot to find specifics. Currently testing different tools for this: - Guru: ok so far, not great - Onyx: not it Lmk if you've got any suggestions on a better tool 🙏
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John Speed
John Speed@John_Speed·
@stuartchaney Got it, yeah. We've had less success with Fin when the 'bot inbox' is activated. It's much better as the chat triage/agent.
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Stuart Chaney
Stuart Chaney@stuartchaney·
@John_Speed help doc site / in-app chat for now. will continue to expand - still early for us
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Stuart Chaney
Stuart Chaney@stuartchaney·
I've generated over 35,000 reviews on the Shopify app store since 2015 - based around live chat customer support. Using reviews as a lever to grow your Shopify app is dead - and AI has gotten far too good. We're now prioritizing the best customer experience for our brands and opting out of the review hamster wheel. Last week Fin by @intercom handled 84% of all in-app support tickets. The quality of conversations it's having is fucking insane tbh. You can still INSTANTLY REACH A HUMAN through the exact same chat, or even jump into our public/dedicated Slack channels. But most of the time - people are busy, and just want answers to continue on their day. Best customer experience > everything
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Josh Pigford
Josh Pigford@Shpigford·
built a sentiment analysis system. dropping it this week. currently lets you pull in data from discord, intercom and github. what other sources would you want?
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Ralph Krysler 🪓
Ralph Krysler 🪓@RalphEcom·
Now that I’m tweeting a bit more, starting to see the OGs of when I used to tweet. @John_Speed I see you !
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John Speed
John Speed@John_Speed·
@Shpigford i spent years copying existing website designs figuring out how to actually do things… then i started doing my own thing. those reps mattered
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Josh Pigford
Josh Pigford@Shpigford·
in my freelance design days before i had any actual clients, i'd create fake projects. album covers, websites, t-shirts, etc. i needed reps & waiting for work to come in wasn't going to do it. you can do the same w/ vibecoding. just make up fake projects & get the reps in.
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Zachary McClung
Zachary McClung@hcaz32000·
He flew the plane like he stole it. I'll be downtown before I was supposed to land. 😂
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Matt @ Section Star ✨
Matt @ Section Star ✨@matthewsmith·
@John_Speed Yeah, Shopify made me rename. I think using "Pro" is a frowned upon. It is even called out in the guidelines: Avoid simple adjectives to start and end, such as “Easy”, “Simple”, “Pro”, “Plus”, “Super”, or “Best”, as this doesn’t sufficiently differentiate your app.
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Matt @ Section Star ✨
Matt @ Section Star ✨@matthewsmith·
I have had a really nice boost from renaming the app to Section Star. It feels a lot like the Sections Pro name (which I still love).
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John Speed
John Speed@John_Speed·
@heysandy801 @EvanForge I was at an antique fair on the weekend, ruffling through a bunch of old photos. Picked one out and asked the seller how much, she goes.. oh.. how'd that get in there that's not for sale
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sandesh 🇨🇦
sandesh 🇨🇦@heysandy801·
@EvanForge @John_Speed which is totally fair and i have no issue with it. in fact, just say that out loud and i won't bother. but they also want to sell and we're in active conversations - so I think they gotta pick a lane. :)
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John Speed
John Speed@John_Speed·
Bought another shopify app for 2.4X arr. It's one of the healthiest businesses I've seen in a while and I've done diligence on at least a hundred apps. A few years ago this would have gone for 4x easy.
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PJ Celis
PJ Celis@celispj·
I love how international the @judgeme team is: 21 x Vietnamese 14 x Brazilian 14 x Moroccan 12 x British 2 x Ukrainian 1 x Belgian 1 x Indian 1 x Italian 1 x Japanese 1 x Nigerian 1 x Peruvian 1 x South African 1 x Turkish 13 nationalities in team of 71!
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Davis
Davis@DavisPaipa·
40h trip to Shopify Edtions start now 😱
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John Speed
John Speed@John_Speed·
@ltvhunter Ok you're trustworthy. 🍕 I'm a sucker for a sit down pizza so I'd toss Bar Sugo in there.
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Ray
Ray@ltvhunter·
@John_Speed Helpful John, thx! Re: Pizza 1. Badiali's 2. Gram's 3. North of Brooklyn
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John Speed
John Speed@John_Speed·
@ltvhunter low six figures $1–200k arr range feels most likely to compress everyone wanted a pet saas and had the money (or financing) to bid things up there's way fewer of those buyers higher arr opens up a better buyer pool and higher (3x+) multiples for sure
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John Speed
John Speed@John_Speed·
@EvanForge @heysandy801 yeah always cases where mindset dictates value for the seller… or the buyer i’m wondering if multiples have dropped overall. As an owner i'm concerned they might keep dropping BUT i’m putting my money where my mouth is... still a buyer at these levels
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Evan Forge
Evan Forge@EvanForge·
@heysandy801 @John_Speed Maybe it's just worth more to them to hold than to sell for what the market (or you) are prepared to pay. Not everyone who lists needs to sell.
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John Speed
John Speed@John_Speed·
@zachklein guides like this are refreshing thanks for sharing the updated version as it looked a little bleak before
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