Hubspot AI Stock Surge
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Sam Parr shares a story about how Hubspot's CTO Dharmesh Shah's AI strategy discussion led to a significant stock price increase.
"Hubspot had an earnings call 2-3 weeks ago. Dharmesh doesn't talk much on earnings calls - he's not the CEO. Someone asked the CEO about AI and Yamini goes 'I'm gonna let Dharmesh say what he needs to say.'
He gave almost the exact same explanation about AI that he gave on our podcast. If you look at the stock since that talk, it's up 15%. It was around $420-440 the day before earnings, now it's close to $500.
Barron's just came out with an article saying companies that will succeed with AI aren't AI companies but big companies that will use AI, like Hubspot. What's fascinating is we saw it all happen - he told us his opinion on our pod, then explained it on the earnings call to bankers. He talked about how they started chatspot within Hubspot. He explained it simply to us, then more corporate on the analyst calls, and it created something like a billion dollars in enterprise value."
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.