Browse Case Studies

4 case studies found

TRX

by Randy Hetrick

TRX, founded by Navy SEAL Randy Hetrick in 2005, is a premium fitness hardware and education company that grew from $5M in angel funding to approximately $60M+ in annual revenue. Starting as a B2B business serving gyms and professional trainers for 10 years, TRX pivoted to B2C consumer sales and digital subscriptions, achieving massive growth during COVID-19 lockdowns when consumers sought home workout equipment.

Hardwarepartnershipssubscriptionvia My First Million

Figure

by Brett Adcock

Brett Adcock founded Figure AI to build humanoid robots for commercial labor after selling his recruiting marketplace Vettery for $110 million and taking Archer Aviation (electric VTOL aircraft) public at a $1.5B valuation. He went all-in on Figure, nearly bankrupting himself personally while the company reached a $7M/month burn rate, ultimately betting that the humanoid robotics market could become one of the world's largest industries worth more than autonomous vehicles.

Hardwareenterprise-direct-salessubscriptionvia My First Million

Ring

by Jamie Siminoff

Jamie Siminoff built Ring, a WiFi-enabled smart doorbell with a camera, starting from a personal problem he couldn't hear his doorbell. The company grew to $480 million in revenue by 2017 with triple-digit growth rates, despite being cash-flow negative due to rapid scaling. After nearly losing the deal to Amazon due to an ADT lawsuit injunction, Siminoff settled the suit, and Amazon acquired Ring for $1.15 billion in December 2017, just weeks after the legal cloud lifted.

Hardwareword-of-mouthsubscriptionvia My First Million

WHOOP

by Will Ahmed

WHOOP is a personal health and fitness wearable founded by Will Ahmed that has grown into a $3.6 billion company. The company gained early traction through high-profile athlete customers including LeBron James and Michael Phelps, leveraging word-of-mouth from elite sports figures to build credibility and drive adoption.

Hardwareword-of-mouthsubscriptionvia My First Million