All right, Ben, let's do mint. Okay, we talked about a little bit last episode, but T-Mobile is set to acquire Ryan Reynolds mint mobile. He owns 20 to 25% for 1.35 billion dollars. Wow, guys, thoughts on this. What's
25% of 1.3? Thirty three hundred million dollars it? Yeah. Holy (expletive) more so and then he how much did he sell? What's it? What's his gin called or whiskey or whatever it was obvio or something? He sold that for hundreds of millions of dollars recently. So this guy is killing it. That's awesome. I 25%, seems like a lot of equity to give to him, right?
I think it, I think is crazy. I mean, I think this is exciting to me and it should be exciting to you, Sam to, because it's an example of somebody with clout somebody with a personal brand, somebody who everybody likes and love. As which is the definition of sampar. They've been able to capitalize that. They've been able to capitalize that to an insane degree and I'm excited about what it means for people with distribution. Meaning, if you have ears and you have eyes and people care what you have to say, you can get involved in products and you can grow, massive, companies, Sam's doing it, I'm excited about doing it. It's just the beginning of
dude, hot. How much more famous is. Ryan Reynolds in both of us. 100 times is the 100 times more famous, of course, do you think more than a hundred times? So
what's up, 100 divided, what's his exit, divided by 100 and how much money is that? Is
that too? Is that two million everybody? That, that would be a lot cooler but yeah, I think it's cool. I like him. He's very likeable. He's significantly more likable than both you and I combined. Yeah, and better looking. I think I'm a lot more likable of the deal, and he's a lot. A lot, a lot more likeable than me. So I'm a lot more better look on there
and he's a lot more better looking than me. So I
think it's awesome. Awesome. I like Ryan Reynolds. So Kudos I want to know. I've been asking him to come on this pot for a while. I want to know. Does he actually do anything? You know, like what he actually does? What's his day? Like, I'm very curious. What's
yes, what do you think is day is like same. I bet he's going. I bet he's waking up. He's taking a 20-minute meeting or somebody tells him? Yes! The whole time that all of his ideas are amazing, then they're going back and running the company without him. Or is he super involved? Is he getting involved with management? Is he doing marketing decision? No, I want to know how operationally in Embedded. He is in this company. So one of the ways that mitt mobile and you quote, would your guess be so don't, how many direct reports does he have at the company? Well,
zero, I think has zero, I think probably as a chief of staff who manages his whole life. But zero, I think that I don't know much about MIT mobile. If I had to guess, I would say it's mostly a sales company. Meaning they probably just like layered on top of an existing Telecom and then just had a slightly different pricing structure and then targeted their marketing towards a certain type of person. I think MIT mobile is more Like a like a. I think it's like a working-class thing because it's like a, it's all about price. So I think it's like really, really, really low price.
Here's a question for you Sam. Do you think a, a serious operator or entrepreneur or executive is in the background, overseeing all of Ryan's Holdings or do you think that he is that entrepreneur? I think he's the guy man. I think he might be the guy. I think he might be a leader in these companies. So,
but here's mit's, thing I said, they're a sales and marketing organization because their commercials are wonderful. And I think they're wonderful because He says a lot of funny stuff on the commercials and he just does a really good job of branding the company, and I think they knocked it out the park with that, where they did a really good job of being irreverent, but still professional. And I think that is what he does. When he's like this crosses the line, here's the line that we can we can tow and how far we can push it and I think that's what he does which I think is easily worth the 25% because if I had to guess it's mostly a sales and marketing company and he crushed it and everyone knows meant mobile as Ryan Reynolds MIT, mobile and Reynolds, who the big holder, who was the big
holder Ben Like it. Do you know who owned 75%? Yes. Let me look up the name really quick. So, this is a person that found an influencer with distribution. They knew they could build a company. They got him involved, and they put together the ultimate system. I love that business model.
I think it's awesome. Good job to Ryan Reynolds. Let's do gym or
T-Mobile Acquired Mint Mobile; Ryan Reynolds Is Set to Make ~$300M
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