MVMT Watches $200M Exit
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A story about how Jacob Kassan built MVMT watches from basic Chinese watches into a $200M exit.
"Jacob Kassan spoke at Hustle Con, this was pre D2C even being a word. He launched this company called MVMT. They were basic watches from China - they ordered a bunch and started selling them on movement.com. Then they made them a little bit better, but they were still not the highest quality watches.
He sold that company for $200 million. If you would've showed me this watch, I'd have said 'You are crazy, no one's gonna buy this, this is ridiculous.' But I've talked to him and he's like 'Well why not? People buy watches, why won't they buy mine?'
That confidence is awesome. I don't know if I have it, but I love it."
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.