This $3B Founder Is The Next Elon Musk

**Sam Parr** (0:00)
You're like the whole milk version of an Elon Musk, you know what I mean? You're the Midwest version of an Elon Musk, but what the hell did you know about building a fucking airplane? You know what I mean? Did you know anything about that?

**Brett Adcock** (0:12)
No, I did not. I knew nothing. I was just like, I really wanted to do it.

**Sam Parr** (0:28)
All right, everyone, we have a really interesting guest. His name is Brett Adcock. I've talked about him on the pod a bunch of times, but let me explain why this guy's interesting. So he started a recruiting website that he sold for $100 million, which in most everyone's case, that's a massive home run. You're incredibly successful, which he is, but then he parlayed that and invested pretty much 100% of his money into another company called Archer, which basically makes like unmanned helicopters. And then that went public at like a $1.5 billion valuation.
And he started another company called Figure, which is making humanoids. They're basically robots that can work warehouses and do human labor.
The reason I wanted Brett to come on is because I just wanted to think and learn about how someone who's so unique, how they think and how they make decisions. And so Brett's really subtle. He's a low-key guy. He's not crazy high-energy.
He's not one of these guys who we have on who is a personality, where they have a big personality on YouTube or Twitter or anything like that. He's subtle, man. The guy's humble and he's quiet. And I find that to be incredibly fascinating. My opinion, in 10 years, Brett is gonna be in the running of, however we think of these Howard Hughes, Elon Musk types of crazy folks who build these amazing, world-changing things, Brett's gonna be that. I mean, he's already up there, but I think he's gonna be like that and no one knows who he is now, or at least compared to some of those other folks. So what I want you to do is listen to this episode, particularly like the last 15 minutes when we talk about his latest company.
It's really fascinating. And I want you to tweet at me, my handle's the Sam Parr, P-A-R-R, so the, the word the and then Sam and then Parr. Tweet at me and let me know what you think about this guy and what makes people like him special because I'm really fascinating with these types of personalities and I'm fascinating with how people can learn so much information so quickly. It's just really fascinating to me. So let me know, give it a listen. His name's Brett Adcock. Let's start the show.
All right, dude, let's just get right into it. The reason you're interesting to me is because you're incredibly successful. I imagine you're worth hundreds of millions of dollars, but you, you go all in on stuff. So you told me with this new company figure, you financed it for the first year and you put up most all of your money into it. I was like, what's your asset allocation for your personal portfolio? And you're like, well, I own Archer stock, which I took public. I own a house and then I put some huge amount of money, which if you want, you could say into my company figure and I'm going all in on them and I just go hard. I go all in. Is that right?

**Brett Adcock** (3:11)
Yeah. This has really been out of necessity.
My career, when I started Vettery, I couldn't get anybody to invest in the business for the first like almost like three years. So I basically put all my savings into the company, took no salary for three or four years.

**Sam Parr** (3:29)
How much savings did you have? You're 25

**Brett Adcock** (3:31)
I think I had like close to $200,000 I put into the business. And then, you know, I didn't take any salary for three years. That meant like had to pay for my own healthcare, food, rent. I was living in Manhattan, it was really expensive. In 2015, things got so bad that I had to borrow, I think it was $50,000 to pay for rent and survive.
I had like credit card debt. I was, yeah, I was probably in the red, like negative $100,000 prior to the acquisition of Vettery.

**Sam Parr** (4:06)
Well, what did Vettery exit for?

**Brett Adcock** (4:08)
110 million.

**Sam Parr** (4:09)
So that was a windfall, right?

**Brett Adcock** (4:11)
Yeah, that was great. I raised like a little over $10 million over like seven years.
So had a large, you know, percentage ownership of the company. So, but yeah, overnight success from going from, you know, seven years of agony and debt to like having capital for the first time in a significant way.