Applovin: $160BN Market Cap, $5.48BN Revenue, $10M EBITDA Per Head | Why the Best Do Not Need Mentorship

20VC

Apr 27, 2026

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Adam Foroughi is the Co-Founder and CEO @ Applovin, one of the most underdiscussed but incredible businesses. Applovin has a market cap of $160BN, the company does $5.48BN in revenue and has an astonishing $10M EBITDA per head. The margins; 80%+. There is almost no other business in the world like it.


In Today's Show We Discuss:


  • Why Winning (Not Fear) Drives the Best Founders

  • When Money Stops Mattering: The Real Founder Motivation

  • $83M CEO Payday: The Truth Behind the Headlines

  • The Hidden Cost of Being a CEO: What No One Tells You

  • Down 92%: How Do You Not Lose Your Mind?

  • Layoffs: AI Revolution or COVID Hangover? Will the Layoffs Work?

  • Why Most Companies Can't Build a Culture of A-Players

  • What % of AppLovin Code is AI? What Will it Be in 5 Years Time?

  • Building on OpenAI: Opportunity or Existential Risk?

  • The Dark Side of Short Sellers & Market Manipulation

  • Do Great Founders Doubt Themselves?

  • TikTok, Meta & The Future of Recommendation Engines

  • The Path to a $1 Trillion Company: What Needs to Happen?

  • Stock Buybacks: How to Do Them and When They Go Wrong?

  • Is the SaaS Model Breaking? What Happens Now?

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