Small private businesses can return far more than public stocks. The speaker's supplement company went from $600 to a $16 M valuation in four years. Dude Wipes founders each put in $10 k and created a billion-dollar brand; Mark Cuban's $300 k stake is now worth $150 M.
A friend of mine invested in this company when they were raising capital at a $4 million valuation. If you had put $100,000 into this business at that valuation, today that $100,000 would be worth $12 million. I started a supplement company with $600 that I sold for a $16 million valuation, and that happened in 4 years. People obsess over investing in Bitcoin or investing in the stock market, or like, what's the next AI thing that's going to boom? But it's small businesses with good ideas that ultimately become the best investments. So why not yours? The founders of Dude Wipes— there were 3 of them. They each put in $10,000 to start Dude Wipes. $30,000. This is a billion-dollar company now. Mark Cuban invested $300,000 for 25%. His stake is now worth $150 million. The founders of Element put in $25,000 each, a total of $75,000 to start this business, and they bootstrapped it. And that business now does multi-nine figures a year.
