The global startup space continues to attract investments. Venture Capitalists are pouring in big money into companies that have a huge total available market (or TAM). The latest to join the growing list is e-cigarette startup Juul.
Back in July, e-cigarette startup Juul closed a $650M funding round, bringing its valuation to a whopping $15B, making it the fastest startup to reach the “decacorn” milestone.
What is Juul all about?
The nicotine sector has always generated demand for products and Juul is banking on the same. Juul has manufactured a product where it delivers nicotine like a cigarette. You need to “vape in” the nicotine that comes in a rectangular-shaped product and has a discreet size.
Juul will be using the $1.2B for international expansion. According to this Bloomberg report, Juul enjoys a 68% share of the US e-cigarette market. Its products are currently available in the United States and Israel.
Juul wants to provide an alternative to tar-burning cigarettes with its products. The company’s trailing 12-month sales amounted to $1.47B indicating a 10x valuation (in terms of revenue) for Juul.
This Millennial Makes 6 Figures From Selling Other Peoples Stuff
Check out how this 32-year-old, Mark Meyer, started his business with a $400 loan. He is now making six figures, by selling other peoples items on Ebay and Amazon. He mostly gets his inventory from police auctions, liquidations and abandoned storage sales.
How Dwayne Johnson Became The Biggest Box Office Draw In History
Dwayne Johnson’s earnings haul has been nothing short of scintillating. In 1998, at 26, he became the then-youngest WWE champion of all time.
Fast forward 20 years later, Dwayne Johnson’s wrestled his way to top of Hollywood’s food chain: For one, he’s the world’s highest paid actor. And he recently became the biggest draw in Hollywood history.
Johnson climbed the Forbes’ rankings to clinch the top spot as the world’s biggest star, trumping fellow actors like George Clooney and Robert Downey Jr.
Wow unexpected news.
I don’t have a Harvard MBA, but my business philosophy has been sharpened over time and thru failure. I have one boss I serve and connect with – the world and the people in it. I’m the dude who started w/ $7bucks. I’m awestruck ($124M) grateful & hungry. https://t.co/0VWSn5YU6N
— Dwayne Johnson (@TheRock) July 17, 2018
The Rock’s scripted a superstar success story when it comes to entrepreneurship. After launching his production house with ex-wife, Dwayne soon expanded its operations to cover content strategy for social media platforms.
This big move helped them increase their global footprint.
Several endorsements, WWE stints and numerous action films later, Johnson now commands earnings of eight figures for films and shows. And his journey has only got more exciting by the day.
Happy to share a lil’ insight from an invaluable mentor and friend, Bob Iger. CEO of one of the most trusted and beloved brands the world has ever known. Building a global brand takes time.10, 20, 30 years.. even more. Sure it takes relentless hard work, passion & vision, but the main thing it takes is TRUST. Building that trust with your audience where they know and believe that you’ll always do your best to deliver a fun, memorable EXPERIENCE. And like any successful relationship, it takes years to build up and you always gotta take care of it with your own two hands. #TimeAndTrust 🌎
Posted by Dwayne The Rock Johnson on Friday, July 20, 2018
VIDEO: How NBA Star Stephen Curry Is Churning Money Off The Court
NBA’s ace athlete, Stephen Curry, is sitting pretty on a net worth that’s over $90M. Apart from playing for the Golden State Warriors, Curry is an investor and entrepreneur, and very recently turned executive producer, with his feature film, “Breakthrough,” slated for release on April 12, 2019.
Here’s how he makes his millions.