Ghost Town Living Stake
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Sam Parr shares how he made a small investment in the YouTube channel Ghost Town Living primarily for relationship building.
"I invested in Ghost Town Living - it's me, Ryan, Nathan Barry, and like 3-4 other guys. I gave them $25k so I think I own less than 1% of it.
It was an emotional investment. My justification was it included me, Ryan, Brent (the guy on there), my friend Brendan, Nathan Barry, and only 3 other entrepreneurs - so 7 of us total. I figured if I can somehow get invited to things there or get to talk to them, I can make that money back just off these relationships or just for a cool story.
I did the whole deal without seeing any documents, just talking to Nathan. Nathan Barry wrote me a text saying 'there's a little bit of room if you want to join this, here's the pros and cons, here's why I did it.' I just said 'okay cool, I'm in' because he was in and I trust him. It was that simple."
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.