Michael Lovich and Hollis Carter on Building a 7 Figure Business from a Community

17 Feb 2023 · 68 min
1:07:34

In this interview, Michael Lovich and Hollis Carter recount how a shared credit‑card need sparked the creation of a consulting LLC called Baby Bathwater, which evolved into a series of anti‑status, high‑hospitality events and eventually a membership‑based community (Revisionist). They explain their "revisionist vision" – deliberately avoiding traditional mastermind status games – and describe their rigorous, gut‑feel‑driven vetting process that relies on referrals, long phone calls, and observation of behavior (e.g., treatment of staff). The conversation covers how they shifted from ad‑hoc events to a sustainable membership model, the financial challenges (including a $700k loss on an island event), and the importance of safety, trust, and a culture of extroverted, gregarious members. They detail internal rules (no sales pitches, no referral fees, kicking out disruptive members, public refunds), mechanisms for maintaining community health (post‑event debriefs, “film review,” monitoring service staff interactions), and the difficulty of translating their offline‑first model to online formats. They also discuss the role of key partners (Cynthia, John Rose), the concept of "resentment inoculation" for business deals, and their long‑term vision of a community that persists beyond the founders. Throughout, they stress that the community’s success is measured by member connections, safety, and enjoyment rather than pure profit.

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