
Sam Parr
@thesamparr • 372,660 subscribers
Started/sold some startups. Founder + president of Hampton @hamptonfounders. Host My First Million podcast on the side.
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You a founder doing $3M+ in revenue? I'll put you in a room with 7 other vetted founders in your city to meet once per month to talk about the stuff you'd never post publicly. We're so confident in our vetting process we have a 60-day money-back guarantee. Wanna join? Apply.
Sam Parr4,876,966 просмотров • 2 месяцев назад

Running a company is wild. One day you feel unstoppable. The next you're convinced it's about to fall apart. And you can't tell anyone. That's why I built Hampton. We match you with 7 vetted founders in your city who get it. So you're not figuring it out alone. Wanna join?
Sam Parr1,701,739 просмотров • 4 месяцев назад

My father owns a produce brokerage company. He sells +$10m a year in onions a year with a phone, fax machine, and file cabinet. TLDR: - he calls farmers and will buy two or three truckloads of onions - then organizes a truck for pick up - sells the onions to Walmart or some other chain like that. I made a video about it when I was at his office, and on Instagram it got like 3 million views in a week. He was so pumped. And no, he doesn't make $10m/year. The margins are tiny. But its just him + 1 person in office. Put me through college debt free and has always driven a fat Mercedes! Originally, he worked in a grocery store in the produce section. Then had fruit stand on the side of the road. Then did the white collar move and started a brokerage. I was in 4th grade. It was funny because he started the business in summertime, and the AC of the office was expensive, so he used to work barefooted without a shirt and his Docker shorts. It's been like 25 years now, and he's sold over a quarter of a billion dollars' worth of onions. His CRM is a binder. He has two phones, a file cabinet, and everything is done with checks. There's a computer on his desk, but to be honest, it's for when he uses Facebook, YouTube and visiting The Chive. And there's a baby playpen in the office so his co-worker, who he has hired, can bring her baby to work. The video was only 60 seconds long and people loved it because they were shocked that you can build a really good lifestyle with simplicity.
Sam Parr811,366 просмотров • 2 месяцев назад

The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M He has “no income right now” and is “looking for internships”... Vinay Hiremath has a wild post-exit story. we talked about it on Moneywise: -Turned down $60M in retention bonuses that would've vested over 4 years -Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking. -He had a post go viral about his identity crisis after selling (1.5m views) So I asked about his money situation now: -Monthly spend: $25K (with $12K on NYC rent) -Net worth allocation: 50% cash, 30% equities, 20% bonds/other -Most expensive post-exit purchase: iPad Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer (can you imagine the founder of a billion-dollar company being your intern?) On the pod he explains why he’s betting his future on physical products instead of software and investing… The full episode is live now. Check it out.
Sam Parr1,984,143 просмотров • 1 год назад

I f*cking love skateboarding! There's this cool idea in skating called progression. Basically you treat skating like a video game and each session you wanna do 1 new trick that gets you to the next level. And you compete w/ your buds on who progresses faster. And you can progress on a trick level. So like this week I did a boardslide on a tough rail. Instead of saying "I'm gonna slide this rail right now," which is scary, you break it into small steps. Step 1 is just jumping on the rail, which is scary, then just hopping off. Try that 10 times. No longer afraid. Step 2 is just sliding a few inches then hopping off. Step 3 is trying to land and falling ten times. Then after an hour of trying you land it. The hardest part is step 1 -- just attempting it. But the fear goes away after 20 min of trying. Kinda an easy way to approach a big scary thing. I also love the punk rock culture. Early skaters basically created vlogging. I grew up reading thrasher and watching these amazing videos of skaters documenting traveling to a skate spot, getting kicked out by cops, then coming back at night to get it. Early Jackass TV shows? They were made and inspired by skate videos. This whole content creating internet culture? Its been part of the skate culture since the 80's. I've always loved the guerrilla, DIY vibe. Particularly as I get more yuppie, older and more into this sometimes lame internet bubble, I LOVE going to the skatepark on Sat and Sunday and hanging with a bunch of rough skater kids who don't give a sh*t about this dumb internet stuff. But yeah, I'm 36 years old and lie to my buds about what I'm doing when I'm really at the skatepark practicing tre flips. But GOD ITS SO FUN.
Sam Parr368,850 просмотров • 6 месяцев назад

For a guy who talks so much about making money, many want to know how much Alex Hormozi is worth. So, we had him on Moneywise and asked. Some of the numbers (but not all of them - gotta listen for that): -Sold his gyms for only $80k at age 26 -Went from $0 to $3 million profit in 6 months at age 27 -Gym Launch year 2: $25.9M revenue, $15.9M profit -took $42M in distributions before selling the company -Spends ~$100K monthly but could live on $5K -Lost a $20 million house by negotiating too hard Full episode is live, check it out
Sam Parr425,398 просмотров • 10 месяцев назад

Has anyone ever been to a Medieval Times show? It's basically a dinner show where knights joust on horses while you eat medieval food -they get 2-2.5 million visitors per year -10 locations across the US -each spot runs 20-60 shows monthly -$150-200M/year revenue -nearly 80 million people have been since 1983 I go into a lot more detail about the backstory and their business model on the podbut I had no idea it was that big… I’m deep in the rabbit hole of interesting event companies (research for Hampton). Who else should I be researching?
Sam Parr450,947 просмотров • 1 год назад

Vinay wired $1.7M to his parents just before selling Loom. said it’s the coolest thing money has ever bought him.
Sam Parr425,545 просмотров • 1 год назад

How much money do you need until it's enough? I ask this a lot on Moneywise and the answers are always interesting: - Bryan Johnson: $7M was his baseline number. Simple math: 7% interest vs inflation in rural Utah. Enough to "buy myself free time" with basics covered. - Vinay (Co-Founder of Loom): "$10M was my cliff for f*** you money" but looking back "it's probably too high... could be even lower" - Another founder: Original target was $20M, now keeps $10-30M liquidity as their "fortress of solitude" baseline - Tech founder couple: $5M using the 4% rule = $200K/year passive income. "Always found that $200K is plenty to have a really nice life" especially with house paid off The producer of Moneywise (Jackie) spoke to like 60-70 millionaires / billionaires and did an episode on whether money can actually make you happy her take on this is so awesome - money isn’t additive (i.e. doesn’t add happiness), it just subtracts the stuff that stops you being happy Give it a watch and let me know what you think!
Sam Parr311,009 просмотров • 1 год назад

Dan sold his company for $100M, but his net worth hasn't budged in 7 years. Why? He broke it down on Moneywise: -$20M net worth (same as when he exited in 2018) -$10M liquid, $10M illiquid -Spending $1M+ per year -Bought a $7.5M NYC apartment -Invested in 20+ startups (many struggling) -Blew $80k on NFTs that are now worthless He's doing this deliberately. His philosophy: "I don't need to just sit on this nut and wait for it to grow." Monthly budget: $40k Actual spend: $80-100k Most surprising part: For a guy who sold his company, got rich, and moved to Idaho, he's still searching for belonging. Says his identity crisis comes from: -Being adopted at 2 days old -Dad abandoning him at age 2 -Immigrating to US at age 8 not speaking English "I constantly searched for belonging. I didn't know where I belonged." His advice post-exit? Don't rush into angel investing. Park your money somewhere boring. But more importantly: "Spend money on something that can help you open your next chapter." Because a bank account full of millions won't fill what's actually missing. Episode is live, check it out.
Sam Parr292,657 просмотров • 1 год назад

I'm not saying i'm successful but I have met Nick Huber before.
Sam Parr548,895 просмотров • 2 лет назад

The founder of Savannah Bananas came on the podcast today. I think Shaan said it best: we just spoke to one of the few very special people on earth today. I don't care if you're in business or not. I can give you a cute line on why you should listen, but i'll just tell you this: In life, everyone wants you to be vanilla and mediocre. If you care an ounce about being great and special, regardless of the field, you should listen to Jesse. Seriously. If you listen to one thing this week, make it this one. You'll understand what I mean after listening.
Sam Parr115,282 просмотров • 6 месяцев назад

Nick Huber came on Moneywise to explain how he built an 8 figure net worth in just 5 years. The breakdown: -Net worth swings wildly based on real estate markets -Couple million liquid in treasuries -Owns 7 storage facilities outright + 59 other properties (with investors) -45% equity in business he values at $20M+ Five years ago he had $500K total. Put every penny into his first storage facility and went broke again. Monthly personal spend is just $22-25K: -$2,300/month house payment (2017 house) -$5K/month nanny -$3K/month jet overhead (owns 1/4 share) -$5-7K/month on family healthcare -$2K/month daycare Its kinda funny that he owns a private jet but won't upgrade his house because he feels like he hasn’t been making money that long and it’d be irresponsible to put it all at risk. His rule: Keep fixed costs low so he can cut spending to $10-15K/month if business gets tough. His long term goal? Make $1M/month profit personally. Then maybe he'll finally upgrade the house. Pod is live, check it out and let me know what you think
Sam Parr207,048 просмотров • 1 год назад

How to develop good taste: 1. Copy others 2. Learn the rules 3. Study history and learn why the rules are the rules Good taste = a language. Good taste means speaking the right words so you can say what you're wanting to say. This clip is a great example. "I'm not a good drummer. I just copied what worked. Works every time." He's dumbing it down, but Dave Grohl learned the fundamentals of drumming by copying others then took bits and pieces from history to create something new but effective in the language he wanted to speak (grunge). I define that as good taste.
Sam Parr55,204 просмотров • 2 месяцев назад

I did a board slide down a set of 6 stairs today. It felt nice.
Sam Parr126,957 просмотров • 7 месяцев назад

There's a Hampton member who built an app making $4.5m/year. The app's simple: 1 second videos a day. I used it when my daughter was born and now we have this amazing 10 minute video of all her days combined. Simple ideas, done well, that genuinely make lives better.
Sam Parr77,356 просмотров • 4 месяцев назад

Life update: Joe and I are now the CEOs of Hampton It was actually a quote from Palmer Luckey that made me want to go all in… (I talk about it in the video below if you want to hear it) Palmer's basically saying something that hit me hard: in business, life, and romance - you gotta commit to a path I want Hampton to be a legacy creating company and that probably won’t happen unless I completely put my flavor into it. I think a lot of founders are in a similar situation - but by keeping all options open, you end up jumping between them... and ultimately failing at all of them
Sam Parr166,173 просмотров • 1 год назад
