World 50 PE Sale
Share
Sam Parr shares a story about World 50, a high-end community platform that had a successful exit.
"I have a friend who's part of it and he runs an agency. I'm pretty sure it's 60,000 a year, so quite expensive. I think it's only 2 events a year that they do, so it's basically an events business. They sold for hundreds of millions of dollars recently to PE.
And then another one is Evanta - they were sold to Gartner for like $250 million and it was almost the same thing but it was worse because it was advertising driven. The reason why we asked you to come on is because Chief is awesome and we love community based businesses."
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.