Movement Watches Depression Exit
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A story about Jake Kassan, founder of Movement Watches, who posted anonymously on Reddit about his struggles after selling his company for $100M+.
"Jake started Movement Watches, one of the first D2C companies to go big on Instagram. He sold it for $100 million with another potential $100 million earn-out. The company was bootstrapped, so he made north of $50 million.
I found this post on a subreddit called 'Find a Path' where he wrote that he sold his company a few years ago for a lot of money and thought all his problems would be solved. He set up his life to be as stress-free and comfortable as possible. But now, two years after selling, at age 31, he's single, never has to work again, but has never been lonelier or more depressed.
In the comments, he detailed what he's trying to do to find his passion. He mentioned he loves video editing and making movies, so he bought a camera, took a YouTube class, and is trying to learn photography and video editing. He explained that in the past, money and ego were huge motivators, but those motivators are gone now. Whatever he does next, he needs to find fulfillment and help others in some way.
What's fascinating is people never talk about this type of stuff publicly with their name on it. He was completely open about how he truly feels."
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.