Select

Membership perk cards: FoundersCard ~$10M, Select ~$2M, near 100% profit

Sam estimates FoundersCard does about $10 million in revenue and the Select card about $2 million, both essentially 100% profit since the membership-perk model has almost no costs. He's surprised they're not bigger; the WeWork founder told him members barely used such perks.

“I think if I guess that FoundersCard is $10 million in revenue, Select is $2 million in sales. But other than people, 100% profit because you don't have any costs. Right. And I talked to the founder of WeWork about this when he spoke at HustleCon, and he told me that they had that as well for their members and no one used the perks.”