this post was submitted on 08 Dec 2024
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Sam Reich of Dropout TV
He's been here the whole time!
"Teachers and nurses should be paid less, stock a vending machine with Advil and it could to the same job" - Sam Reich
Is he even technically rich-rich? Or is he just my-parents-have-money rich?
It's to my understanding that Dropout is doing pretty damn well, so I imagine he's pretty rich from that. Not billionaire rich, but likely a millionaire.
Dropout's doing well as an upstart company, but I don't know if its profitable by a long shot. Sam pays well and he's got a growing cast/crew with expanding budgetary needs. Who knows how much debt he's carrying, either. I'm even willing to bet he's not the sole proprietor. It's been reported that cast and crew are in a revenue sharing arrangement with the company
a habit that would definitely cut into its valuation if these contracts weren't terminated.
With subscription in the hundreds of thousands, its undeniably a success. But how much does that actually translate to Sam Reich himself? Much harder to say.
Yeah I'm not sure he's actually a wealthy CEO. According to some random articles I've seen Dropout is only recently profitable and has started to hire more full time employees which is great. Either way, assuming he's consistent with his views, I think he's one of the very few CEOs I would really want to spare.