Billy
Andy sold Student Loan Hero for $60M, now backs a $2,000 ice barrel
Sam describes his neighbor Andy, who founded and sold Student Loan Hero for $60 million and has now taken a large stake in Ice Barrel, a company selling a single product: a barrel you sit in for ice baths, priced at $2,000 (later corrected to $1,200).
“He lives a few doors down from me and his name's Andy, and he started this company called Student Loan Hero, I believe, and he sold it for a lot of money, $60 million. And I was at his house for lunch, my wife and I, and he had this huge barrel. And I was like, what the fuck is this thing? He goes, it's this company that I just bought a large stake in and I'm helping them get their shit right.”
Idea
ProperLot: cut property taxes as a one-person, multi-million company
Sam's neighbor sold Student Loan Hero for $60M and bootstrapped ProperLot, which contests property tax assessments on a percentage-of-savings model. The twist: he believes he can scale it to millions in revenue as the sole employee.
“Anyway, he sold that company, bootstrapped it, sold it for $60 million. His new company is called, what's it called? ProperLot, properlot.com. And his goal, I went, me and Sarah went to his house the other day for breakfast and the guy just, he like, I took a picture of like my, like just me in front of my house. I don't remember what I was doing. I posted online.”
Steal thisBuild a money-saver service that takes a cut of the savings and run it lean enough to stay a one-person company.