StreamYard's $250M Bootstrap
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A story about how StreamYard, a live streaming platform, grew from two founders to a massive acquisition right before the pandemic.
"StreamYard launched right before the pandemic hit. It was basically a way to stream events online and stream interviews online. These two guys scaled it to $30 million in revenue in 18 months or so, and this mostly happened because of the pandemic.
When it was just them, they got to $14 million in ARR. I remember going to their website when it was just them - the founder was on the home page giving a tutorial video on how to use the product. It was just him with this camera on his lap practically, and he looked exhausted. He looked so worn out during the pandemic when we were thinking about using them for something.
They ended up selling it to Hopin for $250 million. It was a mix of cash and stock. They got to really far with just a couple of people and then hired up a team as they scaled before they sold."
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.