Kyle
Boston startup Apptopia is another startup we’ve been tracking for quite some time. We first brought you the story about this company that helps app developers actually sell their apps and app businesses, back in March of 2012.
While app markets seem to be a dime a dozen these days, Apptopia is not an app market at all. Apptopia allows developers to take their developed app projects and sell them for whatever reason they want. Perhaps they just got a thrill out of creating something and they’re ready to move onto the next idea. Or maybe developers are just creating apps to sell in a marketplace like Apptopia.
The vision for Apptopia caught the eye of ABC Shark Tank shark, and investor Mark Cuban, who likes to invest in original ideas that can cause a disruption. Cuban led the startup’s $1 million dollar seed round.
Last October we reported that Apptopia had cleared $25,000 in sales. Last week the company reported that they had participated in over 275 app acquisitions which amounted to over $1 million dollars in sales.
With growth like this in an entirely new market, Apptopia was named one of the “World’s top 10 most innovative companies in mobile” by Fast Company.
Apptopia isn’t just like “ebay for apps” they have a sophisticated algorithm built into the background that is able to take an apps current downloads, ratings and other metrics and triangulate it’s current valuation, to project future earnings.
“Take the popular app Temple Run, for example. Apptopia’s unique algorithm uses public data about Temple Run (245.7 million downloads, 4.7 million ratings) to triangulate its current valuation ($41.2 million) and project future revenues ($11.2 million over the next six months). Apptopia can perform this analysis on any app, making it an extremely useful tool for developers and investors alike.” an Apptopia spokesperson told us by email.
To find out more about Apptopia or sell your own app check them out at apptopia.com
