SharkNinja's Bootstrapped Growth
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Sam Parr shares a story about SharkNinja's impressive bootstrapped growth in the appliance industry.
"SharkNinja is a bootstrap company started in 1994. It got bought and went public, but within 6 years they were doing $100 million in revenue. Within year 8, they were doing $150 million in revenue, based out of Boston, American company.
The products they make are amazing. They have made some of the best products - their vacuum is amazing, I own the Creami which is the greatest thing ever. They helped innovate and create the air fryer. Some of these appliance businesses have been shockingly good and surprisingly bootstrapped."
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.