Adcock's Vettery-to-Robotics Pivot
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Sam Parr shares the story of Brett Adcock, a Hampton member who built multiple successful companies.
"Brett Adcock started this thing called Vettery, which was a marketplace for talent. It was very much like Hired - if you're an engineer, you go through tests, they algorithmically and manually match you with interviews. They eventually bought Hired and he sold it for $100 million.
He took his earnings and started Archer, which he took public at a $2 billion market cap (now $600-700 million). It was a flying car company - they look like helicopters but they're unmanned flying things. United Airlines bought a bunch of them. He took time off between Vettery and Archer to study how it worked - literally went to University of Florida to learn the technology.
His latest company, which I'm a personal investor in, is called Figr. I went to his factory and they have robots that look like Robocop. Instead of killing you though, they just load t-shirts into packages. There are 20,000 3PLs in America doing pick and pack work. He's built these humanoid robots that can run for 20 hours a day, charge for 4 hours, and just pack stuff.
He took $20-30 million of his own money and basically owns two stocks - Archer his public company, and then all his cash he put into Figr, his new company. This guy is all in on it."
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.