Doug Demuro on Analyzing the Car Industry, Creator-Led Businesses, and Porsche Episode Follow Up
While preparing for our Porsche episode with Doug DeMuro, we had a lot more than Porsche to discuss… but the episode was already over 3 hours! We decided to save the rest for its own episode, released here on ACQ2. Doug helped us understand what’s going on with the car industry supply chain in 2023, the transition to electric vehicles, the car dealership business model, and how most consumer car purchase decisions really get made.
We also got to talk with Doug about his business empire. In addition to his YouTube channel with ~5 million subscribers, Doug started a car marketplace called “Cars and Bids”. Earlier this year, Doug took a $37 million investment from The Chernin Group, and Doug walked us through that transaction and what it’s been like going from “indie creator” to a large and more professionalized organization. And of course, there’s some discussion on our Porsche episode together.
Links:
Cars and Bids!
Doug on YouTube and Twitter
Sponsors:
Sierra: https://bit.ly/acquiredsierra
Doug DeMuro: How A YouTube Car Reviewer Sold His Company For $40M
Episode 456: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk to Doug DeMuro (@DougDeMuro) founder and creator of the popular YouTube channel Cars and Bids, about selling the majority of his company for $40 Milllion, competitors, and more.
Want to see more MFM? Subscribe to the MFM YouTube channel here.
Check Out Sam's Stuff:
* Hampton
* Ideation Bootcamp
* Copy That
Check Out Shaan's Stuff:
* Power Writing Course
* Daily Newsletter
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Links:
* Cars and Bids
* Cars and Bids YouTube
* Exotic Car Hacks
* DrDisRespect
* WhistlinDiesel
* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Show Notes:
(00:18) - Intro to Doug
(03:28) - The key to building trust
(08:50) - When was the turning point for your channel?
(16:03) - Why did you think you could beat Bring A Trailer?
(16:55) - How creator business partnerships work
(31:25) - How does your brand change as you gain wealth?
(49:20) - How does it feel to be wealthy?
(54:30) - Doug's feud with Car Dealer Guy
(01:09:30) - Will Doug ever fly private?
(01:11:45) - Sam gets flustered by Doug
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Additional episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
• #209 Gary Vaynerchuk - Why NFTS Are the Future
• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
• #218 - Why You Should Take a Think Week Like Bill Gates
• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
