Calm's $2B Meditation Success

A story about how Shaan and others missed investing in Calm, which became a multi-billion dollar company.

"In our early mastermind groups, the founders of Calm were there and they were talking about how hard it was. It was just Alex, and he was saying 'Yeah, it's hard to raise money right now, I'm trying.' We were just like 'Dude it's a cool app man, you should stick with it' and he's like 'Yeah, I'm gonna just keep going.'

That's a $2 billion+ company now and we were helping him - why didn't we cut the check? Sam felt it was too niche at the time. We were all focusing on what we thought would be big stuff, and we all ended up with one acqui-hire later, while he's got the huge company.

There were so many examples like that. In our masterminds, Loom was in there - that's a billion dollar company. I remember trying to mentor Shai and saying 'Don't worry, you'll figure it out. Maybe it's not this one, but when you get to your real game you're gonna be good because of this experience.'"