WeatherTech's Ferrari Purchase
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Sam Parr shares a story about how WeatherTech's success is demonstrated through its owner's car purchase.
"WeatherTech is like one of those businesses like Yeti where you're like 'there's no way a cooler company is gonna be big.' It turns out this thing is just massive. The reason you know it's massive is I think it's privately owned, but they sponsor all this stuff which you have to have a big budget for.
The owner bought a Ferrari 250 GTO for $80 million, which is I think the most expensive car sale ever. That's how you know this company is killing it - that the owner of the privately held company has enough cash to spend on an $80 million car that's just gonna sit. It's ridiculous. It's like a crazy thing."
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.