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Synapse Group

sold to Time/Meredith for ~$800M

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Shows up most in
#174with Andrew Wilkinson - How to Network with Billionaires, Andrew and Sam's Recent Investments, & A Better Investor Than Buffett1×#64Trapped Data Creating Unicorns, Billionaire Punches Punk Kid & Missing Out on $5M1×

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Andrew WilkinsonPerson2×Billy of the WeekConcept2×Michael LoebPerson2×PricelineCompany2×Script ReliefCompany2×AngelListCompany1×Bill AckmanPerson1×BraintrustCompany1×

In the moments

2 linked receipts
Billy

Michael Loeb: punched-in-the-face, mugshot-having Hamptons incubator king

Sam Parr marvels at Michael Loeb, who sold Synapse to Time/Meredith for ~$800M, co-founded Priceline (one of the fastest billion-dollar fortunes ever), owns the Hamptons mansion used as Bobby Axelrod's house in Billions, was arrested for punching his son's drunk friend, and now runs a Tiny-style incubator (Loeb Enterprises) that built Script Relief to ~$100M/year profit.

“he throws this party or a charity, actually a charity event, and they raised like $350,000 for this event. But one of his sons has a friend over who gets drunk and says something smart to him. So Michael punches him in the face and gets arrested. So he's got this— if you Google Michael Loeb arrested, you'll see his mugshot.”
EP 174 · 1:22:15 · SAM
Read at 1:22:15
mfmindex.com№ 0174-4935
Billy

Michael Loeb: Priceline co-founder who punched a kid and owns Axelrod's house

Sam's Billy of the Week is Michael Loeb, who built Synapse Group, co-founded Priceline, and runs a web of incubated companies (one, Script Relief, made ~$100M/year in profit). He owns the mansion used as Bobby Axelrod's house in Billions and broke a teenager's nose at a party.

“And a business like Script Relief was making something like $100 million a year in profit. Um, and so some of his companies are really big. Now here's another reason why he's interesting. Do you ever watch that TV show Billions? Yep, love it. You know the house that Bobby Axelrod bought? Okay, yes, that's his house. That's Michael Loeb's house.”
EP 64 · 29:59 · SAM
Read at 29:59
mfmindex.com№ 0064-1799