The Inspirational Story of Alex Tew and His Million Dollar Homepage
Alex Tew's Million Dollar Homepage was a sensation in 2005, with over 1.4k advertisers and 65k visits a day. Learn about his journey from selling pixels to building a $2B meditation company.
Joe Speiser ⚡️
Built & scaled 3 startups to $70m+/yr in ad-tech, ecomm & digital media. Now run @HamptonFounders
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This kid made $1M+ in just 4 months by selling pixels on a website.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
7 years later he built a $2B meditation company.
The guy you probably know, the story you don't 👇 pic.twitter.com/FAZ71uVXEo -
Meet Alex Tew built 'The Million Dollar Homepage' - a static website with 1M pixels of advertising space.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Within just 30 days of launch, Alex had pocketed $250k and was getting 65k visits a day.
By October 2005, the website had over 1.4k advertisers. pic.twitter.com/19Hq1tIx4t -
It became such a sensation that it was picked up by the BBC, the Guardian, and the Wall Street Journal.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Alex made $1.04M from the homepage at 21.
CRAZY!! -
But this wasn't his first attempt at business.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Alex was always an entrepreneur↓ pic.twitter.com/OSmiaCgTef -
When he was just 8, he sold his hand-drawn comics in the schoolyard for $5 each.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023 -
In 2002, when he finished high school, Alex made a bold decision.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
He said "later" to college and chased an unconventional dream: Beatboxing
Under the alias “A-Plus" he toured around the UK and launched the world’s first beatboxing forum https://t.co/CO5yGRODfR pic.twitter.com/pGtAgrlLsQ -
The forum united beatboxers worldwide.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
It became "the place" for beatboxers around the world to bond.
They even gathered a 200 people convention where they swapped tips on everything from snare drum replication to nose humming. pic.twitter.com/cc0bvGuEzB -
But after a few years of stagnant growth, he sold the site to a friend.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
“I was living at home, and I was fed up with being broke,” he said.
So he asked himself a simple question: "How can I make a million dollars?” -
You see, Alex was worried about student loans because he had freshly enrolled at Nottingham's biz school
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
So, one August night in 2005, he whipped out a notepad and dreamed up cheap products he could sell a million of. -
Most ideas were bad: “Gum Slinger” (a small pouch for used chewing gum).
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
But this one idea was fucking great:
"A webpage featuring 1 MILLION PIXELS up for grabs at $1 EACH." pic.twitter.com/Q1yXdSHFp8 -
In 2 days, he whipped up the website.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
August 26, 2005 dawned and the site was live.
It cost him $50 in domain fees, but that was a small investment for what he was going to make—$1M. -
The business model was really simple:
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
"For $100 or more, advertisers could purchase a 100-pixel block (a 10x10 grid) and plaster it with their logo or image, complete with a hyperlink.
The only rule: It shouldn't be porn." -
Within 14 days, Alex got his friends and family to buy up to 4.7k pixels = $4.7k.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Using the profits, he hired a PR firm to draft a release. pic.twitter.com/jpD2TwYlhu -
Crazily, it got picked up by the BBC, The Guardian, and the Wall Street Journal.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
That day the site made $3000!
It was a huge win for Alex! pic.twitter.com/AB9PdxOKDw -
Within 30 days, Alex made $250k and was getting 65k visits a day.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
By October end, the website had over 1.4k advertisers.
And Alex was $500k richer. -
By New Year's Eve 2005, only 1000 pixels remained.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Instead of selling them directly, Alex auctioned them off for $38k.
Alex made - $1.04M from the MillionDollarHomePage. pic.twitter.com/Amnn4xdU7R -
4 months earlier, Alex was a broke 21-year-old.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Now he was a MILLIONAIRE. -
With $700k in in-hand cash, Alex dropped out of college after just one term.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
But his success came at a cost.
He became fixated on ideas that would grab attention rather than deliver actual value. -
From 2006 - 2010, Alex launched a series of similar projects -
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
• Pixelotto (lottery side; made $200k+ from it)
• PopJam (social media humor site)
• OneMillionPeople (similar to MillionDollarHomepage, just instead of pixel ads, it was photos of people) pic.twitter.com/kRStaFC6IY -
All these ideas were unoriginal and did not have any real value.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Alex realized that he couldn't replicate the same magic.
So he left for Silicon Valley and joined a friend's incubator. -
During this period, Alex's mental health suffered.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
He struggled with depression as he neglected his sleep, diet, and meditation practice. -
To solve his problems, Alex decided to build simple tools.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
One of them was https://t.co/pt5d8le8de, a 2-minute timer that prompts the user to take a break and "do nothing". pic.twitter.com/ODHNzzOpHF -
People were becoming more aware of the negative effects of technology on mental health and seeking ways to disconnect.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
The timing was perfect!
So, in 2012, Alex decided to launch a meditation app that would cater to these needs - Calm. pic.twitter.com/H6IROHf2Oi -
Calm exploded in popularity as soon as it launched in 2012.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
In its first year, the app made $100k.
By 2015, revenue had skyrocketed to $2M.
In 2016, with the political turmoil and unrest in the world, revenue jumped to $7M. -
In 2017, it was named Apple's App of the Year, which helped bring in ~$37M in revenue.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Calm's success can be attributed to 3 things:
• User-friendly platform
• A great product with a focus on mental wellness
• Partnerships with major brands pic.twitter.com/rRtHxznOJq -
Today, Calm has 4 million paying subscribers, and 100 million downloads and is valued at a strong $2 billion.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Alex Tew, now 39, is the executive chairman and continues to advocate a simple and calm life. -
“Living in busy cities, going a million miles per hour, always being plugged in and slammed with information — that’s not a life we evolved to live.”
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
He's right about that! pic.twitter.com/9Xhb3KiAXR -
I hope you've found this thread helpful.
— Joe Speiser ⚡️ (@jspeiser) March 27, 2023
Follow me @jspeiser for more.
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