It seems easy for celeb’s to make significant exits when they use their brand for promotion. Lots of example similar to this. Would be interesting to see the average CAGR of celebrities vs the market!
@beaver_cap that actually makes sense to me— they’re tough businesses because there is so much competition, but one way to stand out is to have a big celebrity endorsement.
Couple that with the fact that celebrities probably have more interest and experience with an everyday product like clothes, makeup, and restaurants, (as opposed to cloud computing, or some other business with better margins), and you’ve got the businesses that celebrity’s are most likely to start.