Adam Neumann Validates Rumor
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Sam Parr shares a story about getting validation for his investment in Rumor, a real estate auction platform.
"I invested in Rumor, and then I get a call from Jordan who tells me Adam Neumann just put $2 million in. I thought that was a pretty good sign.
Regardless of what Adam did at WeWork - let's say he did bad stuff, let's say he was unethical - he still built something huge and amazing in a very short amount of time. He has access to all types of deals and sees all types of opportunities. So if he's interested enough to invest, I think that's meaningful validation.
The company will need to raise a ton of money, but when I did the math, you don't need that much volume to build something quite large. Once you have homes on there, you can upsell things like property assessments and inspections. I just thought it was an interesting opportunity."
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.