Isaacman's Teenage Empire
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Sam Parr shares the story of Jared Isaacman, a 39-year-old billionaire who built multiple successful companies starting as a teenager.
"At 16 years old, Jared saw that getting a credit card processor was like getting a mortgage - it took a month of paperwork. He convinced his grandpa to give him $10,000 and started a company called United Bank Card (now Shift4 Payments). He made it so businesses could get credit card processing with just 1-2 pages of application and 1-2 days wait, plus free hardware.
He bootstrapped it for 15 years, sold 53% of the company making $250 million at a young age, and eventually took it public. Now he's worth $1.5 billion at age 39.
At 26, he got into flying and set the world record for fastest around-the-world flight in a light jet - New Jersey to Alaska in 61 hours. He then started doing air shows with a group called the Black Diamond Jet Team.
At 28, he started Draken International after realizing the Air Force was inefficiently using active duty pilots to train new pilots post-2008 financial crash. He hired retired pilots to do the training instead. After 4-5 years, they got their first contract worth $280 million. Now they own the world's largest privately owned collection of military tactical jet aircraft.
He's just one of these guys who goes all in on things - he takes a hobby and makes it into something real. People never really talk about him but he's incredibly fascinating."
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.