Everything Anne Mahlum said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mahlum: Lagree lawsuit settled with machine buyback and non-contact agreement
“For all intents and purposes, he had to buy back his machines from me and we agreed to never talk again, which we haven't.”
Mahlum: People Who Work Out Tend to Drink More Alcohol
“There's a correlation of people who work out who actually tend to drink more because you're chasing the dopamine. You're looking for these opportunities to get the elevated serotonin spikes.”
Mahlum: Bad operational and financial decisions killed gyms during COVID, not just pandemic
“People talk about how COVID killed so many gyms, and a lot of that was not just because of COVID, it was because of these operational and financial decisions that weren't, like, made as smartly as maybe some other companies could have made, and not understandi…”
Mahlum: Solidcore coaches make over $300 per class with revenue sharing
“I think we pay higher than any other fitness organization. Our coaches on a per class basis, like there are coaches who make over 300 bucks a class. Because we've always done a revenue share model, and I have just never believed, Sam, that it has to be a zero …”
Mahlum: Every one-year full-time Solidcore employee received an exit payout
“No, which is why I put a long-term incentive plan in place for them. A profit sharing plan when I sold the business, and everybody got paid. Every full-time employee who had been with SolarCore for a year got paid on that last transaction, and they're going to…”
Mahlum: Solidcore did over $100,000 in sales in month one
“Oh, I like, we literally did over a hundred grand in the first month.”
Mahlum: Board member offered $75k for 30% of Solidcore
“Larry, here comes Larry again from back on my feet. And he's like, and listen, I'll give you 75 grand for 30% of the business. If you don't want to use all your capital, like, listen, you grew this nonprofit. I know you're going to be successful.”
Mahlum: SolidCore's 2017 minority private equity deal valued company near $60M
“The valuation was, like, close to sixty million.”
Mahlum: Sold All SolidCore Shares at Over $300M Valuation
“Yeah, a little, little more than that, but yeah and that was last, last April, I got, I sold all my shares.”
Mahlum: Guessing workout routines will be obsolete within five years
“Within five years, I think it'll be kind of foolish to just be like, guessing on what you should be doing to work out.”
Mahlum: Back on My Feet Raised $1M in First Year
“I'm sure I raised a million bucks in the first year.”
Mahlum paid a $25,000 licensing fee to open Solidcore
“I had to pay a licensing fee of 25,000 dollars just to open the studio.”
Mahlum: SolidCore opened five locations in its first year
“Well, the first, it was more than that because that was the first studio's revenue. And then in the first year, you know, I had five of these open.”
Mahlum: SolidCore reached 27 studios making $700K each before 2017 minority deal
“I did a minority deal in 2017. So the business was four years old at that point, and we had 27 locations on an annualized basis. Each one of those studios was doing about 700 grand.”
Mahlum Will Trade Jumpseat Domain for Equity to the Right Founder
“You can give me a little bit of equity in the company and you can run with it, but you're going to have to convince me why you're the right person to do it.”
Mahlum Bought Jumpseat.com Years Ago for Five Dollars
“Of course I own it. Like five dollars or something. Not much. Jumpseat.com was five dollars. I bought it years ago.”
My First Million 7