Josh Mohrer discusses the journey of developing the Wave app, sharing insights into its early development and the challenges faced, including combating copycats and acquiring users. He emphasizes the importance of overcoming skepticism with a strong work ethic and maintaining a work-life balance. The conversation delves into growth tactics, user acquisition costs, and leveraging Apple search ads. Josh offers entrepreneurial advice, highlighting the importance of speed in execution, idea selection, and key traits for entrepreneurs. He shares controversial opinions on business valuations, discusses stealth recording, and provides personal advice on patience. The episode concludes with lifestyle rules and a mention of the sponsor, Wave.co.

📩 Join The Dealroom: https://dealroompodcast.com/subscribe

🐦 Follow the host: https://x.com/shamusmadan

📱Check out Wave: https://wave.co/

🐦 Follow the guest: https://x.com/joshmohrer

(0:00) Introduction and Wave app insights

(0:39) Early development and initial challenges

(3:10) Combating copycats and user acquisition

(5:33) Overcoming skepticism and hard work ethic

(10:30) Work-life balance and growth tactics

(12:53) User acquisition cost and Apple search ads

(15:47) Entrepreneurial advice and speed in execution

(19:33) Idea selection and entrepreneurial traits

(24:09) Controversial opinions and business valuations

(27:27) Stealth recording and personal patience advice

(30:26) Personal tidbits and lifestyle rules

(31:39) Episode closing and Sponsor: Wave.co