Morning Brew's Growth Infrastructure
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Sam Parr shares a story about Morning Brew's impressive business growth and infrastructure.
"Austin Reif has done it best with Morning Brew. It's 10 years old now and they publicly said revenue is in the 70 to 90 million range. They have 150 employees. I went to their office - he's got a tech office setup, it's beautiful. He has done it all the right way.
He's made a bunch of errors just like everyone, but he's done such a good job of having durability and long-term view while also moving quickly in the short term. That guy's a machine - he's one of the more impressive operators.
To make 70 or 80 million dollars a year in revenue, you need 80 salespeople. And if you have 80 salespeople, you also need 30 people to handle the stuff they're selling. They've built real infrastructure - it's not just a simple newsletter operation."
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.