Number
$25K in Blockbuster's 1987 IPO became ~$1M at sale
Sam notes that a $25,000 investment in Blockbuster when it went public in 1987 would have been worth about $1 million by the time Huizenga sold it to Viacom in 1994 for $8.5 billion.
$1M
Value of $25K Blockbuster IPO investment at exit · USD
“And if you would've invested $25,000— and so he would let some friends invest— and if you would've invested $25,000 into Blockbuster when it went public in 1987, it would've been worth about $1 million when they sold.”
Number
$25K in Blockbuster's 1987 IPO became ~$1M at sale
Sam notes that a $25,000 investment in Blockbuster when it went public in 1987 would have been worth about $1 million by the time Huizenga sold it to Viacom in 1994 for $8.5 billion.
$1M
Value of $25K Blockbuster IPO investment at exit · USD
“And if you would've invested $25,000— and so he would let some friends invest— and if you would've invested $25,000 into Blockbuster when it went public in 1987, it would've been worth about $1 million when they sold.”
Billy
Billy of the Week: Wayne Huizenga, the three-empire roll-up king
Shaan crowns Wayne Huizenga the Billy of the Week for an extraordinary career building Waste Management, Blockbuster, and AutoNation plus owning the Miami Dolphins and Florida Marlins.
“Yeah, this guy's definitely the Billy of the Week. Extremely impressive career. You know, shout out to this guy. He looks like he passed away a couple years ago at age 80.”
Billy
Wayne Huizenga: from one garbage truck to Blockbuster and the Dolphins
Sam celebrates Wayne Huizenga, who scaled Waste Management from a single garbage truck (started at 21) through roll-up acquisitions, then founded AutoNation and Blockbuster and owned NFL teams.
“This dude's name's Wayne Huizenga. He's dead now, but he originally started Waste Management as a young person, like 21. It was a truck, one truck that he like scaled to like many trucks. And then eventually Waste Management, the plot of that story is that it's the greatest acquisi— one of the greater acquisition companies of all time.”
Billy
Wayne Huizenga: Waste Management, Blockbuster, CarMax, the Dolphins
Sam spotlights serial operator Wayne Huizenga, who started Waste Management (worth $10-20B, publicly traded), then Blockbuster, then CarMax (largest US used-car seller), then bought the Miami Dolphins.
“There's this guy named Wayne Huizenga. Look him up. Super interesting person. He started Waste Management. That's a company. It's worth like $10 billion or $20 billion, like some crazy number.”