Digital-First Business Communities

Shaan Puri and Sam Parr discuss their perspective on modern business communities, particularly focusing on Hampton, a new vetted network for founders. They believe traditional business communities are outdated and need a fresh, digital-first approach.

Key Points:

• Modern Business Communities Should Be:

  • Digital-first focused
  • Centered around internet/software companies
  • Younger than traditional groups
  • Less focused on inherited wealth/traditional businesses

• Target Member Profile:

  • Revenue minimum of $1M or $3M in funding
  • Sweet spot is companies doing ~$10M in revenue
  • Primarily software or internet-based businesses
  • Leaders who are recognized in the tech/startup community

• Differentiation from Traditional Groups:

  • YPO (Young Presidents' Organization):
    • Described as "50-60 year old men"
    • More focused on traditional businesses
    • Often includes inherited wealth
  • Traditional Masterminds:
    • Usually around $50k per year
    • More "internet markety"
    • Less structured and vetted

• Community Value Drivers:

  • Monthly facilitated group meetings
  • Vetted peer groups of 8-10 people
  • Executive coaches/facilitators guide conversations
  • Community-wide access for broader networking
  • In-person events and activities

• Key Benefits:

  • Creates "safe space" for founders to discuss challenges
  • Normalizes high levels of success
  • Provides peer support during difficult decisions
  • Helps founders feel less isolated, especially in smaller markets
  • Combines tactical advice with emotional support

• Business Model Innovation:

  • Professional facilitators (30-40 on staff)
  • Careful vetting process
  • Structured meeting formats
  • Focus on "speed of vulnerability"
  • Balance of online and offline interactions