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My First Million

Doug DeMuro: How A YouTube Car Reviewer Sold His Company For $40M

My First Million

Hubspot

Business, Entrepreneurship, Investing

4.7 • 2.9K Ratings

šŸ—“ļø 16 May 2023

ā±ļø 80 minutes

šŸ§¾ļø Download transcript

Summary

Episode 456: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk to Doug DeMuro (@DougDeMuro) founder and creator of the popular YouTube channel Cars and Bids, about selling the majority of his company for $40 Milllion, competitors, and more. Want to see more MFM? Subscribe to the MFM YouTube channel here. Check Out Sam's Stuff: * Hampton * Ideation Bootcamp * Copy That Check Out Shaan's Stuff: * Power Writing Course * Daily Newsletter ----- Links: * Cars and Bids * Cars and Bids YouTube * Exotic Car Hacks * DrDisRespect * WhistlinDiesel * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (00:18) - Intro to Doug (03:28) - The key to building trust (08:50) - When was the turning point for your channel? (16:03) - Why did you think you could beat Bring A Trailer? (16:55) - How creator business partnerships work (31:25) - How does your brand change as you gain wealth? (49:20) - How does it feel to be wealthy? (54:30) - Doug's feud with Car Dealer Guy (01:09:30) - Will Doug ever fly private? (01:11:45) - Sam gets flustered by Doug ------ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0

Well, how's it feel to be wealthy now after after grindin' it to this for so long?

0:04.4

It's better than before it is it is definitely

0:18.0

I want to give you an intro because I've been a fan of yours forever and I in

0:23.6

2019 or 2020 when our podcast was much smaller

0:27.2

I told Sean about you I go this guy Doug is very fascinating

0:31.6

I think he should launch like sometime like car website

0:33.9

I'm not sure then you did and then we talked about it and I'm like I'm pretty sure this is gonna be huge

0:38.6

And so I want to take a little bit I want to take like 1% you know

0:43.1

I helped you succeed I get a little bit of credit because I picked you you're my you're my horse

0:47.8

And I bet there's something real I'm sure we'll discuss this but there's something real about that like I tell all my

0:52.7

Friends now in this space like you need to start businesses like this will not last forever

0:56.7

You need to start businesses and I think smart people who look learn the business world kind of realize them and you are my you are my guy

1:02.9

And so for the audience who don't know

1:05.4

So Doug tomorrow has a it started as a you're just a youtuber

1:09.6

I guess I mean you're originally a journalist for a bunch of different websites where you would write these funny quirky

1:14.5

Blogs then you part late that into a YouTube channel that I think now has like 4 million subscribers

1:19.3

But the reason why you're huge and lovable is for a few different reasons one

1:25.2

You dress really funny. So like you'll wear like khaki shorts like from the early 2000s with like a red polo shirt

1:32.8

And then your white undershirt will be longer than the sleeves of your polo shirt

1:36.9

So it's like hanging out with those sleeves and like you just dressed like horribly even though your videos each get like two or three million views

1:45.9

Like you're on Jay Leno's pod or you're on Jay Leno's YouTube like a few days ago and you're wearing secone like running shoes

1:53.8

I'm like what do you do I did?

...

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