The $70M/yr Sports Bar + Sleepy Industries Worth $100M

**Sam Parr** (0:00)
All right, so we got to talk about this. This business is really, really cool. It's a product I want to use, and I think it's a business that could be kind of big.

**Shaan Puri** (0:09)
Revolutionary, maybe.

**Sam Parr** (0:19)
You probably saw this because it's been going viral over and over and over again. And I always look for products that have this playground virality, meaning anytime somebody shows you that they're using it or they share a picture of it, it immediately sparks a big reaction. And so I saw, I'm going to share these three posts. So there's like, check these out. The first one is this Reddit post. And so I go on Reddit and I see this post and it's in the r slash, damn, that's interesting subreddit, which is one of my favorite subreddits. And it's basically a video of somebody inside this venue. And it's like a sports bar meets IMAX. So you're sitting there, you've got a beer, you're just hanging out with your friends, but there's a giant screen, it's almost a dome that's over you, where it looks like you're front row at a football game in this case. And they're cheering and their crowds went crazy, but it looks like you're in the stadium, but you're not in the stadium, you're just in a bar. And this is called Cosm, or as I'm calling it, the mini sphere. Some people have probably heard, you've probably seen the sphere in Las Vegas, this giant, huge dome that's in the middle of Las Vegas. And it's this insane $2.3 billion project that is just remarkable. It looks like it's kind of cool. It's like one of those things where it's like humans built the pyramids and then we built the sphere. It's like it is marvel of engineering and technology. Well, the Cosm is basically a mini sphere. So it's like a 2000 seat venue that you can use for sports games and all this stuff. And now they got a couple of them popping up. I think this is really cool. I think it rides on a bunch of big trends. So it's, you know, out of home entertainment, I think, is a big deal. I think people are looking for places to congregate, to drink, to eat, and to enjoy themselves. And movie theaters are sort of stale. Like I think streaming has sort of kicked movie theaters ass in a way. And now this is the out of home way of punching back. This thing, I think, is going to be a much better way to watch live events and live sports than sitting at home.

**Shaan Puri** (2:22)
All right, everyone, a quick break. When you're starting a company, you basically duct tape together a ton of different pieces of software and different platforms. And it's basically impossible to stay on top of everything. And a ton of stuff breaks and it ruins things that you forgot that you even duct tape together. And that's why I use HubSpot for all of my projects, because it does it all. So I don't actually have to use any duct tape, which means it doesn't break. I can build my website on HubSpot. I can write my blog posts on HubSpot. I can collect leads on HubSpot. And then my salespeople can put those leads into the CRM and they can track those leads and build relationships with them. And it just makes life much easier. So if you're interested and want to say goodbye to the duct tape, trust me, you guys have to check it out, hubspot.com. It's free to get started. Now back to the pod.
Yeah, so basically if you're listening, if you see the photos, it's as if they, so they build this massive, it's not even a bar. It looks like, it looks like a science center. It's like a huge building that they're building just for this thing. And you go in, and it's like as, did you ever go as a kid to the science center where it has the, what's it called? Omnimax? Yeah, like a planetarium where the screen's all above you. That's basically what it is. But they had to raise $250 million to build this, because it's like a massive.

**Sam Parr** (3:36)
No, they just raised that. So they just raised that a few months ago. They built the first two without, or they built the first one at least without that, because that was in July.

**Shaan Puri** (3:44)
Who funded that?

**Sam Parr** (3:45)
So the story of this is, there's a guy who's behind it. And he started one of the biggest real estate property management software companies, I think called RealPage. The guy's name is Nguyen, something Nguyen. So he has this thing called RealPage. RealPage got bought by Thomas Bravo for like $10 billion. This guy made a couple billion dollars out of it. He then starts his own kind of.