Spanx was acquired this week for a reported $1.2b.
Sara Blakely didn't raise any money, had zero debt, and started the business with a few thousand in savings.
Amazing.
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@theSamParr
She’s incredible. She also married the guy that invited David goggins to live with them for a month.
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@theSamParr
There’s an amazing interview with Sara from How I Built This, couple of years back
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@theSamParr
@Katie_Roof
I don’t think she sold 100%. Just a majority. She is letting some ride. BS will invest and optimize and sell to a big CPG group. She will make even more and not have to do the things that entrepreneurs hate. Cut costs and optimize.
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@theSamParr
I can't believe she sold... thought she would own majority all the way through. Seems like an interesting take on her family's generational wealth. Also, interesting that it was Blackstone that did the deal.
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@theSamParr
This is the way. True entrepreneur. So many people using other people's money to scale a negative cashing flowing business and then dump on the public markets. Bravo.
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@theSamParr
Full story here 👇
Sara Blakely sold
@SPANX
today for $1.2B
SPANX was stared with just $5,000 and never took any investor money.
Here's the story of how she did it, and how several men almost killed it 👇
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@theSamParr
She’s a beast. Lots of ways to skin a cat. Her way required a ton of patience and self-confidence and I’m here for it.
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@theSamParr
She also spent seven years selling fax machines door-to door. Her story is nothing short of inspiring.
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@theSamParr
Straight up inspiring. Her husband is a baller as well. The two of them on your podcast would be the party of the year...
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