Kagan's $100M Facebook Loss
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A story about how Noah Kagan lost out on $100M in Facebook stock value by getting fired 3 months before his first vesting period.
"Noah was the 32nd or 30th employee at Facebook, and basically what happened is he was out at a party and he was drunk or something like that and he tells a TechCrunch reporter 'we're gonna launch this thing and that thing and it's gonna be the best thing ever.' It becomes a news article the next day.
Zuck goes to his desk and says 'you're fucking with my company, you're out' and fires him on month 9. Noah was 3 months away from his first vest. Noah's told me those shares today would be worth about $100 million - all because he had a big mouth when he was 21 and drunk at a party.
He went on to start AppSumo, which is now a business that does $100 million a year in revenue, so it kind of worked out, but it would've worked out a lot easier if he had kept his mouth shut."
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.