Doug DeMuro’s Wild Ride: How Car Reviews Became A $37 Million Business

The Colin and Samir Show

Colin and Samir

Business

4.9 • 665 Ratings

🗓️ 8 May 2023

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on the Colin and Samir Show, we're interviewing Doug DeMuro. Doug built the business Cars & Bids after creating a popular YouTube channel reviewing cars. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Yeah, it turned out to be a $37 million email.
0:03.4	You raised $37 million.
0:05.1	What's it been like moving over from the content side to the actually business VC side?
0:09.3	It's been harder than I expected, to be totally honest.
0:12.2	I was like making hiring decisions.
0:14.1	I'm a YouTube content creator.
0:16.1	I don't know what the hell I'm doing.
0:17.9	The number is 37 million.
0:19.4	It's a crazy number.
0:20.4	I can't believe it
0:21.0	worked. What was the experience of receiving the money? Truthfully, I've never mentioned this
0:24.7	before. What do you think is the recipe for a good review? Why is your brand lasted since
0:29.8	2013? Right. There's a reason to that. I haven't admitted this yet, but I'm willing to right now.
0:34.4	When did you go from, it's just me, to I'm comfortable
0:38.4	building a business? This is the conversation I'm having with all my friends who are on YouTube
0:42.0	right now. This isn't going to last forever. And I begged people, my fellow YouTubers to understand
0:47.2	that. Like, you will wish that you had done this. Anybody who tries to deny that is wrong.
0:52.0	This conversation really surprised us.
0:54.7	We drove down to Doug's garage thinking we were going to have a conversation with him,
0:58.5	primarily about his business, cars and bids, and his $37 million investment.
1:03.6	But because Doug has been on YouTube for the past 10 years and made videos that have
1:08.1	millions and millions of views, he had such a great perspective on how to
	...

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