1:04:22From College Dropout To 40 Million Dollars At Age 23
From My First Million · Published Jul 4, 2024 · Watch on YouTube
TL;DR
Sam Ratner dropped out of college at 18, built a sports betting platform from scratch, and sold it to FuboTV for ~$40M at age 23 before it launched. Post-exit, he investigated buying a riverboat casino (Catfish Bend), a rural vending-machine business in Idaho, and a water-taxi operation at Lake of the Ozarks.
Key insights
- Sam purposely failed all his finals before dropping out so that going back to college was impossible, removing the debate with his parents.
- He wrote out for hours how the gambling market would evolve before building anything, concluding that early players (DraftKings, FanDuel) would be overtaken by brick-and-mortar casinos or media compan
- To fund the startup with no savings, he opened credit cards and refused to work a part-time job, spending every waking moment on the business.
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