Hampton

“Our sweet spot is like, if you're the CEO of a company, our sweet spot is like ten million a year in revenue, but you need at least a million in revenue, at least three million in funding, or, and these are all orders.”

“I will predict and guarantee really that this is going to be a greater than a hundred million dollar a year revenue business, which means it's going to be worth something like low end, 304 hundred million, high end billion dollars.”

“And if you have three months of free time, just go pick a niche and go interview all the vendors in the space, as well as all the customers in the space, as many as you can and get the truth about what they hate and what they love and create like a really vett…”

“The difference between success and failure is often just turning the intensity knob up.”

“And we did that for about a hundred people without any website. And we didn't create a website until around December.”

“YPO has been around since the fifties. It's a really big business. But YPO it's like 50 and 60 year old men. And we make a joke at Hampton where we're like, not a lot of people in our group, their businesses aren't inheriting 15 apartment buildings in South Fl…”

“I think there's a lot of value, especially for something like what you're doing, because you're going to have the seed community of people who are like founder type people who probably listen to the pod. They know you, or they know about the hustle and they tr…”

“Wrangling these people up is hard and like training them. So it's been like a, that's been the biggest challenge and that's our biggest cost is, is trying to figure out how to get these people to do stuff well.”

“Hampton's a cool idea with actual utility. And Sean, you said this in the last thing, like this Could be a hundred million dollar business worth anywhere from three hundred million dollars to a billion plus dollars. And I think you're right.”

“We interview everyone and we turn down most people.”

“Before I launched Hampton, I paid an agency. I found an awesome agency overseas. So it was like, I think, 15 or 20 grand, and we did a whole branding thing, and I'm like, I can't believe I'm doing this, and it was totally worth it.”

“So I talked about Vistage. A lot of people didn't know what Vistage is. It's like similar to what Hampton does. So similar to what YPO does, but the target market is CEOs and business owners of like plumbing companies in the middle of America. Doesn't sound th…”

“Once you build the product and the product has part, which Hampton does has product market fit. People like it, they use it, they they're in it. Now you're a capital allocator. Basically, you're taking, you're just deciding where resources go. So I need to be …”

“So I launched this company called Hampton. Joinhampton.com. It's like a community for founders who are doing at least a million in revenue, but the average member is like twenty-five million a year.”

“I think in a couple years, if I get enough data, I think we could, I can spin this off and create a data company where I do benchmarking for different industries.”

“So in the year two of the business, he did 2.1 million dollars in revenue.”

“So we had about 50 people reply. The average revenue of the responder was twenty five million. Average revenue per employee, 1.35 million. The average founder paid themselves 385,000 dollars a year.”

“I hired a branding agency. So I paid 15,000 dollars right out the gate.”

“You built a product, launched it, did not use your audience initially publicly. You didn't use the podcast to promote it initially. Maybe your brand name helped in private, but you didn't do it publicly and you drove it to millions of dollars in revenue very e…”

“The third thing is events. I think we host 200 events a year at this point, including retreats, all these types of things.”

“We watch 100% of the interviews and we are the only people who click approve or deny. That is it. It was us too. That is our job is to watch 100% of the interviews.”

“Like for Hampton, we have like perks. So you get discounts to different services. And we partnered with one of these MRI companies and this member and her boyfriend or her husband went and got one together and he had cancer. They caught cancer and he got surge…”

“Our most popular retreat at Hampton is called Nervous System Reset, and people go to the woods, and we have a facilitator who guides these things.”

“Dude, we are just now getting people. We have gotten a bunch of people who have signed up and they found us via chat GPT.”

“And I did the same thing with my company, where I purposely did not have values And I was like, what bothers, what attributes bothers me? And what attributes do I particularly love when I see us do here? And now after, you know, my company is weird. I started …”

“At Hampton, we have this thing called the three C's commitment, candor and confidentiality. And that, and so we have to repeat it. We have found roughly six times To our customer for them to understand and remember the three C's.”

“We're limiting our prospects to only 13 cities, and so we need to open that up in order, we have thousands and thousands of people applying every single month, but we limit it only to 13 cities.”

“Typically EOS is divided quarterly. We actually at Hampton do ours every six weeks. So we do rock planning every six weeks as opposed to quarterly. I think quarterly is too long for a startup, but so you can kind of like manipulate it to like fit your needs.”

“And it's taken about six or seven months in order to get the ROI data on this, but it was one of our best marketing channels where we, like, made this super customized GIFs.”