My First Million

#98 with Ryan Begelman - How to Bootstrap Buying a Mountain

16 snips
Aug 5, 2020
Ryan Begelman, an entrepreneur known for founding Summit Series and acquiring Powder Mountain, shares his remarkable journey from Wall Street to mountain ownership. He discusses how community engagement and innovative strategies paved the way for his success. Ryan explores the rise of 'drop-servicing' as a new business model, while both he and Sam delve into the allure of subscription memberships. Additionally, he offers insights on reinventing museums with immersive experiences and the potential for entrepreneurial ventures like a Southern Burning Man.
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ANECDOTE

BizNow Media Success

  • Ryan Begelman, starting with little capital, co-acquired BizNow Media.
  • They bootstrapped it to 28 markets and sold it for $50 million.
ANECDOTE

BizNow's Event Focus

  • BizNow Media primarily profited from hyperlocal commercial real estate events.
  • They delivered audiences of 400-1000 professionals almost daily, across North America.
ANECDOTE

Powder Mountain Acquisition

  • Summit Series acquired Powder Mountain, a large ski resort, for $40-50 million.
  • They developed infrastructure and built a community around the mountain.
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