Sam Marks put on a Fake British Accent and Scaled his eCig Brand to a $100m Valuation

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 10 February 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In his mid 20’s, Sam Marks put on a fake British accent and grew his eCigarette company to a $100m valuation all while living out of his car. Ultimately selling that business to a major tobacco company, Lorillard, Sam applies the lessons that he learned during those days of grinding to his two current startups, dozens of investments, and his podcast - Invest Like A Boss. -- The Exit - Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on https://flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the Exit presented by Flibba.
0:10.1	This is learning from podcasts featuring amazing entrepreneurs who have been there and they
0:13.0	have done it.
0:14.0	We talk to operators who have bought and sold businesses of all different sizes.
0:17.0	You learn how they did it, why they did it, and get exposure to the world of Exits through
0:20.6	their story.
0:22.0	It is a world occupied by a small few, but accessible to many.
0:26.1	On this episode, I sit down with Sam Marx, but before we get in to the episode with
0:30.2	Sam, be sure to go through and listen to my episode with Josh previously.
0:35.4	A lot of really great information there about, you know, the timeframes around jumping from
0:39.1	venture to venture and just serial entrepreneurship as a whole.
0:43.1	But on this episode, I sit down with Sam Marx and we talk a lot about his previous company
0:48.2	SkySix that was acquired a few years back by a company called Laura Lord.
0:56.0	And it is a really pretty powerful brand and it was acquired in October 2013.
1:01.4	So a lot to get through here and it's a really fascinating conversation because he talks
1:06.8	about the story leading up to it.
1:08.9	And then afterwards about how the acquisition took place and it's pretty awesome.
1:14.6	It is through, you know, he went to his manufacturer.
1:17.4	He gets the email of the CEO of this company, reaches out to them.
1:21.2	They get acquired by Laura Lord and it's almost like a waiting game after that and then
1:27.4	they get people to bid together.
1:29.6	Really fantastic story.
	...

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