Eric Spofford | He Was Addicted To Drugs... Now He's Sold A $115 Million Company

About this episode

Eric Spofford shares his journey from addiction to building and selling a successful treatment business for $115 million.

Eric Spofford is an entrepreneur, investor, and founder who overcame heroin addiction before building and selling his treatment business for $115 million. After dropping out of high school at 15 and getting sober with almost nothing, he launched his state’s first sober living house and scaled it into a major operation. In this episode, Eric breaks down addiction, entrepreneurship, building a sellable company, private equity, hiring elite teams, relationship building, wealth after exit, and the mindset required to survive the hardest seasons in business. Hosted on Ausha. See ausha.co/privacy-policy for more information.

People in this episode

Host: The School of Hard Knocks

Guest: Eric Spofford

Topics covered

• addiction
• entrepreneurship
• business exit
• private equity
• team building
• wealth management

Keywords

• heroin addiction
• sober living house
• business scaling
• relationship building
• mindset

Mentioned in this episode

Organizations: Ausha

More episodes of School of Hard Knocks Podcast

• Lynnwood Bibbens | He Sold Cutco Knives In College… Then Built A $2 Billion Empire · June 12, 2026 · 55 min
• Peter Tuchman | He Survived Every Stock Market Crash… Now He Trades $1 Billion/Day · June 6, 2026 · 1h 8m
• Greg LaVecchia | He Had a 2.5 GPA… Now He’s Got a $1 Billion Brand · May 30, 2026 · 60 min
• Patrick Terry | It’s Never Too Late… He Started At 47 And Beat McDonald’s Out · May 21, 2026 · 1h 5m
• Andy Frisella | He Made $58K In 10 Years… Now His Portfolio Is Worth $1B · May 13, 2026 · 1h 8m
• Lucy Guo | How She Became The World's Youngest Self Made Woman Billionaire · May 1, 2026 · 41 min