My First Million #152 with Trung Phan - Sam Talks About the Hubspot Deal & Ideas With Trung Phan
Feb 10, 2021
In this engaging conversation, Trung Phan, a writer for The Hustle, joins Sam Parr to discuss the recent HubSpot acquisition. They explore the motivations behind Sam's decision to sell and the future of The Hustle. Trung highlights exciting opportunities in financial engineering to improve the lives of former inmates and talks about the potential of paid content on social media. The duo also reflects on the challenges of management versus innovation, revealing personal journeys that shaped their views on entrepreneurship and content creation.
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Selling The Hustle
- Sam Parr wouldn't sell The Hustle to dying media companies or private equity firms.
- He preferred a tech company like HubSpot, which aligned with The Hustle's existing vision.
Synergy with HubSpot
- HubSpot's acquisition of The Hustle provides access to a new customer base.
- This synergy allows The Hustle to invest more in content creation and expansion.
HubSpot's Due Diligence
- HubSpot founders subtly vetted The Hustle by joining Trends and engaging with the community.
- Sam Parr encouraged engagement, hoping to create a positive impression.