Everything Leila Hormozi said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Hormozi: Weight loss pills will replace gym visits for weight management
“I think that what you're going to see is a lot more people just continuing to lean into what they always have as humans do, which is the short term things that work, which is eat less, which you can do with the pill.”
An early business partner stole Gym Launch's initial gym revenue
“Then his business partner gets access to the bank account where we've been putting all the money from these gyms, steals the money.”
Hormozi: Founders should wait 18 months to evaluate strategy, not one quarter
“Yeah, I think a lot of people think that waiting a quarter is a long time, and that's probably the issue. They think, oh, well, I waited three months, so I'm like, try waiting 18.”
Hormozi: Female founders should filter thoughts by utility, not systemic unfairness
“You might think that because you're female, things are less fair, or that people will treat you differently, or that business is harder and there are things that you're going to have to overcome. And while all those things might be true in certain circumstance…”
Hormozi: Extra scrutiny on female founders forces faster skill acquisition
“I think that I've had to probably accumulate more skills that some men would not have to because I've had to learn to be better at things to be taken seriously in certain ways. Right. Or I've had to, you know, accumulate emotional skills that I wouldn't have t…”
Hormozi describes early entrepreneurship as a survival-mode phase of 'eating shit'
“When you start anything, when you have no skills, you're trying to accumulate all the skills at once. You don't know what you're doing. You have no clarity. And so you're just like throwing shit at a wall. You're probably like not taking care of yourself the b…”
Hormozi: Product-market fit is a spectrum, not a binary state
“I think product market fit is not, it exists on a scale. It's not yes or no, but like poor, like weak product market fit, weak founders low margin, Low potential.”
Hormozi was arrested six times and flunking college by age 19
“When I was 19, I had been arrested six times. I was drinking, doing drugs. I was 230 pounds. Like, my life was going nowhere. I was flunking out of college.”
Hormozi: Gym Launch reached $24M in realized revenue by year two
“Realized revenue.”
Hormozi invested most Gym Launch exit proceeds into Acquisition.com and real estate
“So most of the money has gone into the first few deals plus the headquarters. The rest of the money we put in real estate deals that, you know, have done really well for us. So, and then I would say remainder, you know, stocks.”
Hormozi: Building a massive public brand is required for Acquisition.com to win
“For me, in order for acquisition.com to work and not just work, work, but like really fucking work, like win and be number one, I have to learn how to make content and be public facing and Be a better communicator overall.”
Hormozi lost 100 pounds and moved to California for a fitness career
“I ended up losing almost a hundred pounds. I moved across the country by myself from Michigan to California, and I went to go to California because I wanted to pursue a career in fitness”
Leila and Alex Hormozi launched Acquisition.com the day after selling Gym Launch
“The day after we sold, we started acquisition.com.”