Blockworks Bootstrapped Success
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A story about how a 27-year-old entrepreneur built Blockworks, a successful crypto media company, through persistence and bootstrapping.
"I met this guy who runs Blockworks - it's basically like The Hustle or Morning Brew but for crypto. He's only 27 years old and I went to his house in Brooklyn. He built an awesome business that will probably do north of $10 million in revenue this year, completely bootstrapped.
He started it when he was 23 years old by cold emailing Pomp (a big bitcoin guy). He kept persistently emailing him until Pomp finally said 'alright, you've been emailing me too much. I'm thinking about launching this podcast, I need help launching and monetizing it - do you want to help?' The kid said yes, and then eventually launched Blockworks 3-4 years ago.
It's only an LLC so he completely owns it - didn't raise any money. They now have about 20 people, 12 podcasts, and he runs it just like a small business where he just slowly adds and adds. They make money through email, podcasts, and conferences.
I think you're going to see this company sell for in the 40 to $50 million range in the next 18 months. It's fascinating - he picked the right category and just executed."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.