Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
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Kind: captions Language: en yo hustle hotcakes we’ve got a great one in this episode and today we’ll be talking about Lululemon acquiring the home fitness startup mirror and of course the release at Hamilton so let’s get right to it big news in the athleisure world Lululemon acquired the home Fitness start-up mirror for 500 million and and we’re gonna get into what this means for Lulu according to Bank of America they believe that mirror to generate 700 million dollars and acquire six hundred thousand subscribers about 2023 so I said I’ve worked in the investment banking world I could say these are probably optimistic numbers but even if you’re in that ballpark it’s a pretty strong acquisition considering that mirrors already do some pretty decent numbers this is a great tweet from John Ehrlichman he kind of goes through Bryn Putnam the founder and CEOs history before she sold a mere 500 million to Lulu so ten years ago she retired from my ballet career opens a boutique fitness studio four years ago she pursues the idea to launch a fitness startup two years ago she releases mirror and today which was last week she sells a company to Lulu for 500 million okay so this second clue we have here some boys Allie host of the hustles exit strategy and moist as many of you would know is no stranger to the DTC Gabe and he knows a thing or two about nine figure exits in the TTC space so moist says Lululemon buying mirror is great to see Congrats premiere team I think they need a bet the farm mentality though and should buy peloton this is probably referring to Lulu and he goes imagine a peloton every store imagine peloton selling Lulu Studios et Cie Lulu would be transformed into digital overnight you know what I gotta say I kind of agree with boys here so Lulu’s a forty billion dollar company just go for it man just go for it I mean pellet Oh a little bit pricey that’s about 16 billion so not necessarily an easy move but sometimes you just gotta nice watch okay all right third tweet comes from RAM capital one of the funniest financial Twitter accounts on the internet so this one put me in stitches actually okay so in September rad capital tweeted imagine turning your TV sideways and calling it a mirror so he’s referring I’m assuming to mere the startup and then on the day of the acquisition he brought back that old tweet and said imagine turning in TV sideways and calling it a mirror and selling over 500 million Telugu now I think this is a light-hearted joke some people might be offended but you know I pulled up a Google Doc just to see if Ram Capital was even on point here so here you see in the middle is a mere product and on the right here I have a flat screen TV so Ram saying that if you turn it sideways you’re a little bit comfortable so I’m gonna go right ahead and do that all right okay this is not super intuitive okay so there’s turn sideways and listen I’m not saying this the same thing right I’m just showing you that it fits inside okay second big thing this week is Hamilton and we’re gonna pull it up a lot of you I’m assuming watch Hamilton over the long weekend and I’m just gonna give the news right a minute doesn’t know Disney Plus has a live-action version of Hamilton that is now available it’s incredible you should watch it I was lucky enough to see it in Boston many years ago not with the original cast though so no flex there but if you’re to ask me what was the best hot take related to Hamilton that I saw on Twitter this week it is actually unrelated to Hamilton directly it is directly okay that said this makes no sense anyways let me get to the tweet it’s Julie bass is 20 year old virtual effects tick tock star he released this video on July the second [Music] sweat right so amazing VFX video only 20 years old but has been doing virtual effects for nine years and he just treats that video on rights if you all can retweet this enough times at Disney calls that’d be greatly appreciated so it’s on July 2nd who responds Disney chairman Bob Iger right there and he says the world’s gonna know your name from Hamilton so the best Hamilton related tweet is about 20 year old Julian bass who boop the Internet to education don’t forget from whence you came and the world Alexander Hamilton amazing video Julianne’s an absolute beast and there’s talk now that he mate might be playing spider-man Bob Iger do the right thing made this guy spider-man absolutely incredible so it’s a hot takes for this week thank you very much we’ll keep this thing going leave your comments and that there’s enough traction maybe we’ll do this more often thank you