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913 afleveringen, van nieuw naar oud
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SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
28 juni 2021 · 41 min
"Most people underestimate what you can do in 10 years".
In this episode we give examples of great startups that took longer than you thought to build. Then, we give tactics on how to overcome this...how to keep going through years of hard work. This is a very special episode. Tweet Sam (@thesamparr) if you want to see more of them.
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* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:02) Intro to episode
* (5:56) Tim Westergren on Pandora's origins
* (7:56) Sam's commentary
* (10:48) Vlad Magdalin on Webflow's struggles
* (12:44) Sam's commentary
* (13:45) Steve Jobs on Passion
* (14:27) Sam's commentary
* (18:46) Tim Westergren's speech
* (19:54) Sam's commentary
* (20:52) What drove Vlad to keep trying
* (22:13) Sam's commentary
* (24:04) Chris Sacca on Travis Kalanick's competitiveness
* (25:09) Sam's commentary
* (26:43) A story about Travis' first business
* (27:13) Sam's commentary
* (29:19) Marc Cuban on focusing
* (29:53) Sam's commentary
* (34:21) What drives Chamath
* (36:12) Episode close Lees meer -
MFM Mini - The Burrito Trick: How I Got My First 20 Customers
27 juni 2021 · 12 min
Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. Lees meer -
#194 with Justin Mares - The 4 Types of Side Hustles and how to launch a $100M DTC brand
25 juni 2021 · 1 uur 11 min
Justin Mares (@jwmares) joins Sam (@TheSamParr) and Shaan (@ShaanVP) on this episode. Justin breaks down his most popular blog post, the 4 types of side hustles, and brings all kinds of ideas for how you can start your own. They also talk about Justin's DTC businesses - Kettle & Fire, Perfect Keto, and Surely Wines. They end the episode with a few ideas around camping, a new dating app, and how to leverage VAs & no code tools.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:23) How Sam & Justin know each other
* (5:17) Justin's DTC bone broth company
* (10:00) Frameworks for side hustles
* (13:22) Side Hustle 1: Buying an asset
* (17:51) Side Hustle 2: Launching on top of a marketplace with demand
* (22:08) Side Hustle 3: Unique product that grows through paid acquisition
* (25:31) How Justin balances all his projects
* (30:38) The $30K/year CGM experiment
* (39:09) The skinny on Duck Duck Go
* (42:32) Ideas: Airbnb camping
* (45:27) Idea: Non alcoholic wine
* (51:10) How to naturally boost your T levels
* (1:01:04) Idea: Dating app based on your credit card usage
* (1:03:49) Idea: The no code automation officer
* (1:07:28) How to follow Justin Lees meer -
#193 - How a $25 Million a Year Sweepstakes Business Works and Shaan Predicts the Future
23 juni 2021 · 1 uur 5 min
Shaan (@ShaanVP) and Sam (@TheSamParr) go in depth on how the Sweepstakes industry works, and Sam shares how they would use sweepstakes to grow the Hustle. The guys also discuss a business friendly take on deep fakes, a no-chicken chicken nugget, and how options contacts could work for startup founders. They end the episode with a long segment where Shaan predicts what the next version of today's big companies will look like.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:20) Recap of episode
* (6:36) Brick and mortar businesses
* (10:45) Losing millions with shipping delays
* (14:26) Oasis - a positive spin on deep fakes
* (23:23) Multi-million dollar sweepstakes businesses
* (36:39) How the Hustle thought about user acquisition
* (41:12) The chicken-free chicken nugget
* (44:09) Options contracts for startups
* (50:16) The Future: Shaan gazes into a crystal ball
* (51:13) The Future: Apple
* (51:56) The Future: Facebook
* (53:23) The Future: Amazon
* (54:31) The Future: 7/11
* (55:28) The Future: Netflix
* (56:55) The Future: Pornhub
* (57:53) The Future: Domino's
* (59:30) Episode close Lees meer -
Greatest Hits #6 - Sam Tells All, Again - Selling for 10s of Millions after Making Millions with an Email Newsletter
21 juni 2021 · 1 uur 15 min
On this episode, Sam (@theSamParr) gives an update on an earlier episode with one of our most popular guests, himself. Sam revisits what he said almost 2 years during Episode 3, and shares 18 updates on how he currently thinks about those same topics now.
Sam Parr (@theSamParr) is the founder of The Hustle - a simple email newsletter that has surpassed 1M daily subscribers and will be north of 8 figures this year. Sam walks us through how he built The Hustle from scratch as well as his adventures starting a hot dog stand, selling booze on the internet, meeting celebrities on the street and convincing them to hire him and how he would get rich if he was 21 again!
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Sam's commentary:
* (1:02) Sam intro commentary
* (7:41) Sam commentary 2
* (13:56) Sam commentary 3
* (20:07) Sam commentary 4
* (25:14) Sam commentary 5
* (39:46) Sam commentary 6
* (42:52) Sam commentary 7
* (45:16) Sam commentary 8
* (47:33) Sam commentary 9
* (49:06) Sam commentary 10
* (53:18) Sam commentary 11
* (54:43) Sam commentary 12
* (58:07) Sam commentary 13
* (1:05:42) Sam commentary 14
* (1:06:06) Sam commentary 15
* (1:07:37) Sam commentary 16
* (1:09:29) Sam commentary 17
* (1:12:32) Sam final commentary Lees meer -
MFM Mini - Stop Living Hour-to-Hour
20 juni 2021 · 7 min
Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. Lees meer -
#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
18 juni 2021 · 1 uur 8 min
Shaan (@ShaanVP) and Sam (@TheSamParr) break down the greeting card industry. They talk about digital cards and the staying power of card subscriptions, a new way to send gifts over social, and Shaan shares a story about his roots as a business operator. They discuss a subscription business for expecting mothers and Shaan shares an interesting story about the FBI. The end of the episode they talk about a little known Billy of the week.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:23) Recap of episode
* (2:54) Making billions with greeting cards
* (5:46) Segue: how the podcast changed Shaan's brain
* (8:51) Back to greeting cards
* (9:56) Making millions for decades at birthdayalarm.com
* (15:54) Givingli & Hooked
* (18:39) Thoughts on the Pro Republic article
* (25:28) The subscription for expecting mothers
* (34:20) Outpacing the S&P with the anti-Galloway Index
* (37:33) The secret FBI crackdown on criminals
* (40:51) The growth of privacy focused apps
* (43:20) Recapping the genius of Mike Maples
* (48:35) Technology at Chick-fil-a
* (54:53) McKinsey for tech consulting
* (56:55) Consensys
* (59:27) The Gordon Bombay of crypto
* (1:04:19) The hypothetical invisible medium that permeates the universe Lees meer -
#191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks
16 juni 2021 · 1 uur 5 min
Shaan (@ShaanVP) and Sam (@TheSamParr) talk with seed VC Mike Maples (@m2jr). Mike is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade due to notable investments like Twitter, Twitch, Lyft, and Okta. In this episode he talks about the four big trends he is excited about, the types of companies he likes to invest in, and why a startup isn’t a company. He shares a few of the mental models he uses at Floodgate to evaluate startups and shares the thoughts behind some of his unique turns of phrase.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:02) – Debrief of the episode
* (6:37) - Intro to Mike Maples
* (9:02) - How Mike thinks about the next big thing
* (11:00) – The 4 inflections Mike is excited about
* (13:51) – Cloud Offices
* (19:33) – A brief history of centralization & decentralization
* (22:48) – Examples of software defined companies
* (26:14) – A practical way to prepare for the future
* (30:23) – How Mike thinks about investing in startups
* (33:07) – Startup investing mental models
* (37:39) – Mike’s take on "1 to n" businesses
* (42:36) – Mike on Balaji
* (47:11) – Mike on media companies
* (49:49) – Force a choice, not a comparison
* (54:46) – Mike’s information diet
* (57:40) – Contact info & future topics Lees meer -
Greatest Hits #5 - The 1-800-GOT-JUNK Story
14 juni 2021 · 1 uur 2 min
We're trying a new format. Sam (@theSamParr) adds his commentary throughout the episode this week. Let him know on Twitter what you think of the change.
Brian Scudamore (@BrianScudamore) is North America’s Junk Man. He turned a $700 pickup truck into one of the world's most successful franchises. Hear how he got started, got on Oprah, stumbled and almost killed his business, and the philosophies he uses to run his multimillion dollar junk empire!
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (3:41) Intro by Shaan to original episode
* (5:22) How Brian got his story out there
* (8:42) The origin story of 1-800-Got-Junk
* (19:28) How Brian got the 1-800-Got-Junk number
* (24:18) The vision board and getting on Oprah
* (34:07) How Brian tore everything down to rebuild even better
* (38:56) What Brian focuses on when hiring
* (47:07) Why business went down $40M and how Brian responded
* (51:58) Q1: What does Brian see as their breakthrough moment?
* (53:14) Q2: How does Brian get liquidity & think about money?
* (56:44) Q3: What would Brian do if he was 21 again?
* (57:58) Getting in touch with Brian Lees meerSam's commentary:
* (1:02) Sam's intro commentary
* (4:42) Sam commentary 2
* (10:41) Sam commentary 3
* (12:46) Sam commentary 4
* (14:45) Sam commentary 5
* (15:23) Sam commentary 6
* (20:45) Sam commentary 7
* (31:16) Sam commentary 8
* (39:46) Sam commentary 9
* (41:33) Sam commentary 10
* (54:44) Sam commentary 11
* (59:33) Sam final commentary -
MFM Mini - The Way To Be Confident
13 juni 2021 · 11 min
Shaan (@ShaanVP) used to be super shy. Now he is known for his confidence. Talking on stage in front of thousands or starting new business takes confidence. In this 10 minute mini episode he talks about what the turning point was for him, and his unusual hack for building confidence.
Like Shaan’s stories? Subscribe to his newsletter to get 1-2 stories like this a week at www.shaanpuri.com
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. Lees meer -
#190 - Making Billions in Coworking, the Dark Side of Confidence, and the Future of Sports Recovery
11 juni 2021 · 59 min
WeWork isn’t the only game in coworking. In this episode, Shaan (@ShaanVP) and Sam (@theSamParr) break down the multi-billion dollar coworking industry and identify what you need to succeed. Shaan shares an awesome story about Steve Jobs and the guys talk about the future of sports recovery and where money is to be made with athletic endorsements.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:24) - Episode Intro
* (3:18) - Opportunities in coworking
* (11:56) - The MFM co-working space?
* (15:27) - The mystique of Adam Neumann
* (19:34) - The duality of extreme confidence
* (30:40) - You can't say no to Steve Jobs
* (36:39) - Shaan's dream exercise for new hires
* (38:47) - The Nike of sports recovery
* (47:29) - Cryotherapy in a barrel
* (51:13) - Saunas and sensory deprivation
* (52:57) - Leveraging opportunities around pro athletes
* (58:07) - Outro Lees meer -
#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
9 juni 2021 · 1 uur 21 min
Sam (@theSamParr) & Shaan (@ShaanVP) discuss second-hand e-commerce, door-to-door sales, and business poised to bounce back after COVID in this episode. They start off the episode recapping the live shows in Miami and Austin which leads them into personal travel and other slingshot business set to rebound after a COVID slump. The guys transition to the Mayweather Paul fight, the infamous Charizard necklace, and to some exciting things happening in the NFT space. They close it out with Shaan sharing ideas on litigation finance, second-hand e-commerce, and a fantastic story on door-to-door sales.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:16) - Episode Overview
* (2:31) - Intro
* (5:44) - Recap of Live Shows
* (6:55) - Personal travel is crazy right now
* (10:10) - Sam & Shaan on slingshot startups
* (20:26) - How sports are innovating
* (23:09) - Floyd Mayweather vs. Logan Paul
* (25:27) - The Charizard Necklace
* (27:18) - LaMelo Ball’s NFT collection
* (33:55) - What is Ether.Cards
* (41:52) - Peter Thiel and litigation finance
* (50:22) - Second-hand e-commerce
* (1:00:42) - Mega-segment on door-to-door sales
* (1:20:11) - Outro Lees meer -
#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
4 juni 2021 · 56 min
Sam (@theSamParr) & Shaan (@ShaanVP) do a little Q&A in this episode. They talk about their financial goals, their romantic relationships, and what they would do if they were 21 again. They finish off the episode talking about the podcast growth, live events, and brainstorm a few ideas around community and sports you can do as you get older.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:19) - Intro
* (4:00) - The Twitter bio paradox
* (6:15) - Intro to Q&A
* (6:30) - Q1 - What's it like to be rich?
* (11:51) - Q2 - What do you read/research outside business?
* (14:03) - Q3 - How did success influence your romantic relationships?
* (20:34) - Q4 - What pandemic behavior do you want to keep?
* (22:00) - Q5 - If you were 21 again, what would you be doing?
* (25:44) - Q6 - What's your best purchase over $2K & best under $100?
* (27:52) - Podcast growth update
* (29:55) - On growth plateaus
* (32:47) - Live event update
* (34:53) - Community around the "neighborhood 7/11"
* (44:25) - The new golf
* (53:53) - Outro Lees meer -
Why I Got Sober (for entrepreneurs)
2 juni 2021 · 47 min
Sam (@theSamParr) gets real in this episode. He talks about his struggles with alcohol and the reasons why he is now sober. He shares 8 lessons he learned from his experiences. He ends the episode by answering questions he received on Twitter.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (0:00) - Intro
* (3:56) - How it started - Sam's background with alcohol
* (11:24) - The first turning point [oasis]
* (13:36) - Asking for help [university clinic]
* (14:49) - Going to California
* (17:41) - The second turning point [Joe Garvin]
* (20:07) - Getting help [SF Clinic]
* (23:13) - Coping while sober [eating sugar]
* (24:39) - What Sam has learned
* (25:46) - Lesson 1 - The inner game
* (27:26) - Lesson 2 - Being open
* (29:33) - Lesson 3 - Booze messes up your body
* (31:16) - Lesson 4 - Sober Sam = Attractive Sam
* (33:04) - Lesson 5 - Having fun while sober
* (35:14) - Lesson 6 - Intense realism
* (36:57) - Lesson 7 - Control your emotions, control your reality
* (37:17) - Lesson 8 - Saving $$$
* (37:58) - Q&A Lees meer -
Greatest Hits #4 - How To Sell Your Company for $750M - Meet Vungle's Jack Smith
1 juni 2021 · 56 min
Jack Smith (@_jacksmith) is the most clever entrepreneur I know. He’s cofounded multiple startups: Vungle, Coin, Shyp. With Vungle recently selling for $750M, we talk about his early businesses as a kid, selling prank itching powder on the playground - all the way to his infamous “LinkedIn Hack” that got him his first $120k investment check.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (1:05) Episode Intro by Sam
* (4:10) Who is Jack Smith?
* (9:30) How Jack hustled as a 12-year-old
* (13:55) Jack on productivity and procrastination
* (21:26) How Jack raised for Vungle
* (31:13) How Shaan got his in at Monkey Inferno
* (35:16) The early iterations of Vungle
* (41:37) How Jack leveraged his beginner's mindset
* (45:19) Jack on VC norms & selling his stock
* (49:44) What Jack would do if he was 20 again Lees meer -
MFM Mini - How to Turn Any Bad Experience into a Good One
30 mei 2021 · 8 min
Shaan (@ShaanVP) talks about a powerful reframing technique that can be used to make any "2-star" experience a "5-star" experience. Shaan tells a story of how this technique was used perfectly. The truth is we can all choose the experience we want and manifest it.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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#187 - How Vending Machines are Generating Millions, The Next Big Social App & Ghost Kitchens For Gifts
28 mei 2021 · 1 uur 2 min
There are entrepreneurs quietly generating six figures working part-time in the vending machine business. Others have been able to scale to multi-million and even multi-billion-dollar figures in the industry. Shaan (@ShaanVP) and Sam (@TheSamParr) break down the vending machine industry with tons of numbers and exactly how some are pulling it off. The guys transition from a "boring" business to high-tech ones as they break down how Vimeo went from a College Humor project to competing with YouTube and earning an $8b valuation. They also talk about a trendy new pod that generated 500k downloads on its first day and they brainstorm on a fun concept: ghost kitchens for gifts.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (5:55) How Vimeo became an $8b company
* (14:26) The next big social app?
* (25:45) The millions to be made in vending machines
* (41:35) Ghost kitchens for gifts
* (53:00) Post-podcast free talk Lees meer -
Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades
27 mei 2021 · 51 min
Trung Phan (@TrungTPhan) -- lead writer for The Hustle -- interviewed hedge fund legend Stanley Druckenmiller on May 11. Widely regarded as one of the greatest investors ever, Druckenmiller famously made $1 billion in a single trade shorting the British Pound in 1992.
Sam (@theSamParr) has a brief intro chat with Trung before transitioning into the 40-minute Druckenmiller Q&A, which covers: 1) the parallels between now and the Dot-com bubble; 2) the appeal of Bitcoin; 3) the first Big Tech firm likely to reach a $5T valuation; 4) what makes a great investor; and 5) Druckenmiller’s investment in fintech startup Toggle AI (which set up the interview).
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (8:25) Lessons from the Dot-com Bubble
* (17:40) What’s the first Big Tech company likely to reach a $5T valuation?
* (19:25) What’s the biggest risk to the equity markets?
* (21:55) What are the long-term effects of the Wall Street Bets saga?
* (24:20) How he uses Toggle AI in his investing process
* (26:50) What makes a great investor?
* (35:20) What is the appeal of Bitcoin?
* (42:20) His thoughts on Dogecoin
* (44:20) Advice for 20-year olds Lees meer -
#186 with Marc Lore - Brainstorming with Billionaire Marc Lore on What He Would Build Today and the Future of Ecommerce
26 mei 2021 · 1 uur 16 min
Shaan (@ShaanVP) and Sam (@TheSamParr) talk with billionaire Marc Lore. Marc is an entrepreneur who started The Pitt, Diapers.com, and Jet.com. Collectively he has sold his companies for over $4B. Marc talks about his plans for his new NBA team, the Minnesota Timberwolves, which he bought alongside Alex Rodriguez. He talks about how he plans to run the team like he has always ran his companies. He talks about the importance of hiring the right people (and how to do it) and being well-capitalized. For the second half of the podcast, we jump straight into a brainstorm. Marc talks about the interesting companies he's investing in as well as the ones he would like to exist. He even breaks down how he would go about creating a $100m e-commerce related company within the next 3 years
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Show notes:
* (6:00) How Marc came to own the Timberwolves
* (15:28) How Marc Lore hires people
* (28:30) These are the companies Marc is investing now
* (37:40) How Marc decides which companies to start and how he goes about it
* (44:47) Where Marc thinks the future of e-commerce is going
* (55:17) How Marc would build a company to sell for $100m
* (1:00:27) Shaan and Sam debrief Lees meer -
#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
25 mei 2021 · 1 uur 11 min
Sam (@theSamParr) and Andrew (@awilkinson) break down billionaire Jorge Paulo Lemann. Lemann has built his fortune by acquiring consumer businesses and running them profitably by slashing costs. He famously sells all corporate jets when he acquires a company. The guys then get into a brainstorm on Andrew's new media company, how to create healthier babies, and "health managers".
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
---------
Show notes:
* (4:05) Billie of the Week: Jorge Paulo Lemann
* (37:25) How Andrew is building a local media business empire
* (45:50) How to create a better baby
* (51:25) What is a "health manager"?
* (59:02) How much money is enough? Lees meer -
#184 - Making Millions Improving Mobility, How to Beat Linkedin & Why You're Early Even When You're Late
21 mei 2021 · 1 uur 12 min
Canva is awesome, so why hasn't anyone pulled off Canva for video? Shaan (@ShaanVP) and Sam (@TheSamParr) dive into the opportunities in this space and how a huge company can be built by making it easier to create videos. The guys then talk mobility. This is a huge market opportunity with companies like GOWOD and The Ready State making millions helping people improve their mobility. Next, the guys brainstorm on creating a better Linkedin and a few companies doing it.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
---------
Show notes:
* (11:42) Canva for video explained
* (24:25) Why we need super joints
* (39:37) The local Linkedin?
* (45:08) How to build a better Linkedin
* (1:00:03) Even when you're late, you're early Lees meer -
Emergency Podcast - I Just Lost $500k This Morning: Here's a Framework for Dealing With a Crisis
19 mei 2021 · 11 min
Shaan (@shaanvp) talks about dealing with a crisis. He lost half a million in one day -- here's his mindset and how he dealt with it.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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--------- Lees meer -
#183 - How Course Businesses Work, How Irish Pubs as a Service is Making Millions & Profiting From Vacant Office Spaces
19 mei 2021 · 1 uur 9 min
Shaan (@ShaanVP) and Sam (@TheSamParr) go in on the courses industry. They break down the different types of course business categories, how to build them, and how to grow them. Shaan also talks about a Twitter fight he got into that got him blocked. The guys finish the episode by brainstorming on ideas ranging from "a bar-in-a-box" to selling ice to capitalizing on real estate vacancies.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* (5:48) Why Shaan got into a Twitter argument
* (18:21) Is On Deck the most over-hyped course company?
* (23:35) The guide to course businesses
* (45:30) How IPaaS (Irish Pub as a Service) is making millions
* (53:32) Making money selling ice?
* (58:41) Profiting from vacant office spaces Lees meer -
Greatest Hits #3 - Selling a Blog For $9m with Ramon van Meer
17 mei 2021 · 57 min
Shaan (@ShaanVP) interviews Ramon Van Meer (@ramonvanmeer) on his journey to selling his blog. Ramon has never seen a soap opera. Yet somehow, he built the most popular soap opera blog on the planet - and was raking in millions per year! Today's conversation is about how he got the idea and flipped a $49 WordPress theme into a multi-million dollar payday.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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Show notes:
* (7:32) Who is Ramon van Meer?
* (10:50) Why Ramon decided to focus on soap operas
* (16:25) Ramon's mindset while building his business
* (21:31) How Ramon built a 350k mailing list with quizzes
* (30:00) How Ramon comes up with ideas for businesses
* (35:30) The moments Ramon thought he would fail
* (39:55) Why did Ramon decide to sell? Lees meer -
#182 - How an Astrology App Makes $10m+, Why a Boxing Announcer is Worth $400m & Creating a Personal Monopoly
14 mei 2021 · 1 uur 4 min
Shaan (@ShaanVP) and Sam (@TheSamParr) talk about an astrology app that has been creating controversy throughout Silicon Valley -- Sanctuary. VCs have come out against the app as pseudoscience, but the guys question their logic. These kinds of apps go into the bucket of "me-businesses" or businesses that tell the user about themselves. So from there, the guys brainstorm on ideas within this framework. The second half of the episode is focused on "personal monopolies" -- the concept of creating a big personal brand and monetizing it. We talk about a few people who have done it successfully and how you can too.
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* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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Show notes:
* (5:42) The controversy behind an astrology app
* (20:18) Brainstorming "make-it-about-me" businesses
* (28:40) Shaan and Sam's "one-night stand" businesses
* (38:11) Why you shouldn't overthink your idea
* (45:21) Personal monopolies: Michael Buffer, Judge Judy, and Ryan Seacrest
* (54:57) Sam's Tim Ferriss story Lees meer -
#181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything
13 mei 2021 · 1 uur 10 min
Virtual horse racing? That's right Shaan (@ShaanVP) and Sam (@TheSamParr) break down a virtual horse racing company doing millions. The company is so hot right now, Sam even tried investing but wasn't able to. They also talk about a company delivering testosterone right to your doorstep. We've talked about this business before, and Shaan even said it was one of the best ideas we've had on the pod. We also cover BeeRoll (Shaan thinks this can become a 9-figure company), Polymarket, and a bunch of growth tactics at the very end.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* (3:04) The company delivering testosterone to your door
* (13:58) Making millions from virtual horses?
* (28:38) How BeeRoll is turning regular people into micro-influencers
* (43:18) How to bet on anything
* (52:23) Updates on the podcast Lees meer -
#180 with Furqan Rydhan - What it's Like Co-founding a $20B Company, Hardware for Mind Control & Vertical Farming
12 mei 2021 · 1 uur 40 min
Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Furqan Rydhan (@FurqanR). Furqan was Shaan's CTO at Bebo and previously co-founded AppLovin -- a $20B+ company that recently went public. Shaan and Furqan host a weekly "Cool Sh!t Hour" between themselves to discuss the coolest innovations Furqan's seeing. We basically took that and made it into a podcast. Furqan talks about mind-control hardware, vertical farming, and a lot of interesting crypto projects. He also talks about what it was like starting a multibillion-dollar company and his mindset around making decisions on what projects to work on.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* (5:33) Background on Furqan and his new venture (f.inc)
* (7:48) How AppLovin became a $20B+ company
* (24:20) The hardware Furqan is bullish on
* (35:33) DeFi and borrowing against crypto
* (48:38) The opportunities in vertical farming
* (59:59) The power of proximity and serendipitous opportunities
* (1:13:40) What are DAOs? Lees meer -
Greatest Hits #2 - How to Build a $100 Million Deodorant Business Starting With Only $1,000
10 mei 2021 · 1 uur 15 min
Shaan (@ShaanVP) talks to entrepreneur Moiz Ali (@moizali) on today's episode. Have you ever looked at the back of your deodorant stick and read the ingredients? Aluminum zirconium trichlorohydrex? PPG-14 Butyl Ether? Well, Moiz saw that and created Native, a natural deodorant without all the chemical junk. He built the company from his brother's dining table - doing sales, marketing, operations & customer service as a one-man-show. His hard work paid off, as he sold the company for $100M to Proctor & Gamble just 2.5 years after it launched. Listen in to hear the backstory of how he started using just $1k, how the company almost died (twice), and how he negotiated a $100M sale of the business!
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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Show notes:
* 12:40 - How Moiz got his first product made and first few sales
* 21:00 - The highs and lows of entrepreneurship
* 27:40 - How to iterate quickly with a physical product
* 32:55 - Shaan rapid fires questions at Moiz to understand his mindset and business at the time
* 46:33 - How Moiz sold Native
* 58:30 - Moiz talks about his doubters and how it fueled him Lees meer -
#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
7 mei 2021 · 55 min
With Endeavor's IPO, Shaan (@ShaanVP) and Sam (@TheSamParr) break down the UFC's numbers and how it got so profitable. Key to the whole thing: Dana White. He bought the UFC for $2m and turned it into a multi-billion empire. The guys also talk about the mental toughness of UFC fighters and how you can take some of these same principals and apply them to your life. They also talk about an interesting concept called no-loss lotteries and a company trying to save you taxes.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* (3:28) How to retain talent
* (7:42) The mental toughness of UFC fighters
* (15:30) The power of self-talk
* (24:20) How the UFC got so profitable
* (36:38) How this company will help you save taxes
* (41:05) What are no-loss lotteries?
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Show links:
* https://studentloanhero.com/
* https://properlot.com/
* https://www.poconnor.com/
* https://www.fivestonetax.com/
* https://pooltogether.com/
* https://twitter.com/lay2000lbs
* https://waitbutwhy.com/2021/04/lanby.html
* https://www.thelanby.com/ Lees meer -
#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto
5 mei 2021 · 2 uur 39 min
Shaan (@ShaanVP) and Sam (@TheSamParr) host Balaji (@balajis) this episode. This is an amazing dive into Balaji's mind. He talks about the current issues with the media and how he's hoping to fix it with crypto and the blockchain. We also get a look at how he views the world, what motivates him, what he's been wrong about as well as the massive shifts he sees happening.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* (0:00) Intro
* (2:30) Balaji's background
* (7:33) Why Balaji started a newsletter: 1729
* (22:40) The media and its biases
* (31:58) Balaji on memes and their importance
* (37:45) What the future of media looks like and the role of crypto
* (56:26) When did Balaji get into crypto?
* (1:01:30) Sam asks Balaji what motivates him
* (1:11:50) How the world is changing and becoming more Balaji-like
* (1:19:39) What would 21 year-old Balaji work on?
* (1:22:46) Why geographical proximity is no longer linked to cultural proximity
* (1:26:25) How we can align incentives between tech and everyone else
* (1:32:30) Balaji on crypto-social networks
* (1:37:30) How Balaji operates day-to-day and "the idea maze"
* (1:47:33) The importance of finding the right place to live
* (1:57:30) What it's like to talk to Balaji
* (2:02:08) What has Balaji been wrong about?
* (2:11:00) Science vs. math: getting to the truth
* (2:21:10) Balaji asks Sam for newsletter advice
* (2:24:40) What are Balaji's guilty pleasures Lees meer -
Greatest Hits #1 - Turning it Around: From Failure to a $100m+ Success
3 mei 2021 · 1 uur 23 min
Suli Ali is one of the most interesting founders we’ve had on the pod.
Suli and his brother Moiz have started and sold $300m worth of companies. They’ve also invested in hundreds of big-name startups, thousands of real estate deals, and much more more.
He built small, silly apps. Like a Facebook app survey where you voted “most likely to wear a bunny costume”. Yet...it turned into a huge success. How?
When he sold his first company, it was doing $85 million in revenue and $15 million in profit.
In this episode, we discuss his journey from making $76k a year at Microsoft to selling his first company for $100,000,000+.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* 8:05 - Shaan predicted this podcast would be successful...he was right!
* 9:55 - Suli’s parents encouraged him to start a company...and why that’s important.
* 24:25 - Meeting Naval - is he legit?
* 27:25 - Getting grilled by Keith Rabois
* 41:25 - Listen to Suli’s confidence and how he explains starting stuff and how he deals with downs.
* 1:02:25 - Risking his life savings to make his company work (then selling it for $100m). Lees meer -
#177 - How a City Tour is Making Millions, Selling Manhood & the Barstool for Tech
30 april 2021 · 1 uur 16 min
Shaan (@ShaanVP) and Sam (@TheSamParr) might have set a record with this episode in terms of ideas! We start with Shaan laying out his case for why a "Barstool for tech and business" would work and how it should be done. Sam pushed back a little bit but admits it's possible. The guys then talk about the booming software course business. Valuations are sky-high for some companies in this sector -- Shaan explains why. The guys also revisit internal media companies (they'll invest if you're doing it). The guys also break down: a NYC tours business pulling in $1m annually, "Manhood as a Service" businesses, and renting chickens!
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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---------
Show notes:
* (1:58) Podcast growth
* (7:34) "Barstool for Tech/Business"
* (16:07) Why course software companies are booming
* (27:18) Internal newsletters and podcasts
* (33:38) Millions being made with city and company tours
* (45:05) Manhood as a Service
* (50:51) Museum of Ice Cream and Museum Hack
* (52:50) Rent the Chicken
* (58:44) How Shaan and Sam get things done Lees meer -
#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro
28 april 2021 · 1 uur 2 min
Codie Sanchez (@Codie_Sanchez) joins Shaan (@ShaanVP) and Sam (@TheSamParr) for this brainstorm. Codie is all about businesses that cashflowing right away. She talks everything from buying distressed businesses to modular homes to buying real estate for pennies on the dollar. She doesn't shy away from controversial thoughts either: she lays out why angel investing is dumb and why public stock investing is as well. We end the episode with some great stories on "how to collect people" (basically network like a champ) and what financial freedom really means.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: https://refer.fm/million
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Show notes:
* (0:38) The guys recap the Balaji podcast
* (5:08) Codie explains what she does and how she got there
* (15:03) Owning mailing centers & pack and ships
* (21:12) Buying distressed assets for $0
* (23:54) The big ROI on tiny homes
* (28:44) Codie's controversial thoughts
* (37:16) Buying RE at auction
* (43:01) How to collect cool people
* (54:15) How Shaan and Codie view financial freedom Lees meer -
#175 - Brainstorming Million Dollar Ideas with Elaine Zelby
26 april 2021 · 1 uur 16 min
Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Elaine Zelby (@ezelby) for this brainstorm. Elaine brings the heat with ideas for starting a Saas bundle company (Sam says this is easily a $10m business), creating the "adult manual", the SNOO for adults, subscription running shoes, and a bunch of alternative health business ideas. Not only do they bring ideas, but they also break down how to pull off these businesses.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: refer.fm/million
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Show notes:
* (1:35) Introducing Elaine Zelby and Signal Fire
* (8:31) Shaan's first unicorn!
* (14:15) How Signal Fire finds deals
* (25:35) Investing in an Elon Musk idea
* (33:12) Startup SaaS bundle is a $10m idea
* (41:10) Creating the "adult manual"?
* (49:55) The SNOO for adult
* (53:25) Subscription running shoes
* (56:45) Brainstorming alternative health ideas Lees meer -
#174 with Andrew Wilkinson - How to Network with Billionaires, Andrew and Sam's Recent Investments, & A Better Investor Than Buffett
23 april 2021 · 1 uur 31 min
Sam (@theSamParr) is joined by Andrew (@awilkinson) to catch up. They spend the first half of the episode talking about the investments they've each made in 2021. Andrew then dives into a more obscure investment he made: a bakery! He explains it's more for fun than profit. Andrew also drops some great hacks: how he saves time on email and how he networks with billionaires.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: refer.fm/million
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---------
Show notes:
* (4:24) The entrepreneur lifestyle and the stress that comes with it
* (12:45) Sam and Andrew talk about their recent investments
* (45:20) Andrew bought a bakery. Here's what he's doing with it
* (53:10) How to make your hometown cool
* (55:52) Henry Singleton: better than Warren Buffett
* (1:02:28) Andrew's email hack and how he donates
* (1:11:25) Why Andrew is the king of networking Lees meer -
#173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X"
21 april 2021 · 1 uur 1 min
Shaan (@ShaanVP) and Sam (@TheSamParr) dive deep into 75 Hard: what it is, who's behind it, and why it's so successful. From there they talk about a similar business: Beachbody. Beachbody does over $1B in sales, but the way they generate their profits will surprise you. The guys also brainstorm on "HackerNews for X" ideas and how to pull them off. Towards the end, Sam challenges Shaan on why he's running so many businesses and not focusing on just one.
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: refer.fm/million
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---------
Show notes:
* (2:00) Talking pod growth
* (8:20) Shaan's funny story from college
* (13:12) "HackerNews for X"
* (30:12) What is 75 Hard?
* (35:30) How Beachbody became a $1B behemoth
* (52:04) Sam challenges Shaan on doing many businesses instead of focusing Lees meer -
#172 - Indie Businesses Making Millions, Advice to Young Entrepreneurs & How to Grow a Podcast
19 april 2021 · 1 uur 8 min
We start this one off with a little "Inside MFM" from Shaan (@ShaanVP) and Sam (@TheSamParr) as they discuss growing the pod and how they are going to do it. Then they break down the big news of the week: the Coinbase IPO. They talk about Coinbase's humble origins on HackerNews and how most big businesses have these same origins. It's often hard to see the big picture in the early days. They also talk about their own early days and give advice to young entrepreneurs. The second half of the pod turns into a brainstorm. They brainstorm around indie businesses like Microacquire and Photopea and how to build similar businesses. Finally, we end it by discussing the opportunities around "Affirm for X".
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* Support the pod by spreading the word, become a referrer here: refer.fm/million
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---------
Show notes:
* (0:24) Growing the podcast: how we're going to do it
* (9:02) The guys break down the Coinbase IPO
* (20:25) Big businesses are often not apparent at the beginning
* (25:26) Advice for young entrepreneurs
* (33:55) Microacquire dissected
* (40:55) An indie project making million
* (52:17) Brainstorm "Affirm for X" Lees meer -
#171 - How to Generate Millions from Paid Events (Bootstrapped)
16 april 2021 · 1 uur 6 min
Shaan (@ShaanVP) and Sam (@TheSamParr) break down the events business step-by-step. Sam explains how he grew HustleCon from nothing into a powerhouse. Sam shares numbers and the techniques he used to generate sales and keep costs low. It's a masterclass on how to run an events business. The guys also discuss the "Billie of the Week" Sam Bankman-Fried, and how he became a billionaire at 29 from crypto. At the end, they brainstorm on the idea of "accountability coaching for X".
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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: refer.fm/million
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---------
Show notes:
* (1:20) The amazing story of how Sam Bankman-Fried made his fortune by the age of 29
* (14:01) How a gambler beat Vegas and a kid took over the internet
* (22:27) Sam explains how to run and scale a profitable event step-by-step
* (47:07) Brainstorming on "accountability coaching for X" Lees meer -
#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
14 april 2021 · 1 uur 19 min
Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Jake Paul (@JakePaul) and Geoffrey Woo (@geoffreywoo). The guys talk about Jake's upcoming fight with Ben Askren and a friendly wager Sam placed. We dive into business with Jake giving his take on the creator economy, why he's worth billions to the big platforms, and how Bitclout can play a role in all of it. He thinks he can be the next Jay-Z or Dr. Dre, bridging an entertainment career with a successful business one. He's already had a hit with Fanjoy, which he breaks down for us. Jake also talks about his investment philosophy, some of the companies he's investing in, and the areas he's most interested in at the moment.
---------
* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
* Support the pod by spreading the word, become a referrer here: refer.fm/million
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---------
Show notes:
* (2:32) Jake talks about his upcoming fight with Ben Askren
* (7:29) Jake and Geoff talk about his new fund and his investing philosophy
* (20:14) The business opportunities Jake's most interested in
* (30:41) The guys give their takes on Bitclout and the creator economy
* (40:05) Brainstorming with Jake
* (1:05:08) The guys debrief after the Jake Paul podcast Lees meer -
#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
9 april 2021 · 1 uur 13 min
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
Support the pod by spreading the word, become a referrer here: refer.fm/million
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Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) discuss:
* (5:35) Bradley Jacobs: the man who's built 5, billion dollar companies
* (28:28) Dan Gilbert: how he started with nothing, built Quicken Loans and eventually, an empire
* (41:30) What talking to Warren Buffett is like
* (1:00:07) How Andrew lost $10m
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#168 - How to Reverse Engineer Businesses, The Indonesian King of Coal & the Story of Adidas
7 april 2021 · 1 uur 5 min
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss:
* (2:07) Jake Paul, Bill Clinton, the Pope and a Prince
* (13:30) TurnedYellow and the IP licensing business
* (22:42) Cronyism and the Indonesian King of Coal
* (33:48) "Business is the Art of Copying"
* (47:53) Are robo-pets the future?
* (53:33) The amazing story of the founding of Adidas
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#167 - Answering Your Questions On Investments, Businesses and Life
5 april 2021 · 55 min
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) answer your questions: Lees meer(3:40) What are you both investing in?
(16:16) Please update us on your rolling fund. Is it what you expected? Are you more or less bullish on it?
(21:25) What do you not get a chance to talk about (either because it's off-topic/lower priority) that you wish you could?
(23:08) You guys are awesome at coming up with incredible ideas and knowing how to execute them. What would it take for one to pull you out of Twitch and want to pursue in full force?
(27:24) Shaan how do you balance side hustles while still outperforming at Twitch?
(33:06) Who’s the worst person you admire?
(39:29) Should you hire your friends?
(44:19) Who can squat more weight?
(44:40) What are the biggest insecurities, both of you struggle with?
(48:30) Since covid is pretty much a thing of the past...when will the MFM meetup be?
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#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
2 april 2021 · 49 min
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP): Lees meer(1:42) Chess.com is huge, what're other similar opportunities?
(9:23) Misspelled domain opportunities
(13:40) Sam's angel investing update
(18:55) Brainstorming "Opendoor for X"
(32:03) Franchising but for tech companies
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#165 with Jack Butcher - Selling a $76m NFT, How to Research Wealthy People & How BitClout Went Viral
31 maart 2021 · 1 uur 20 min
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Support the pod by spreading the word, become a referrer here: refer.fm/million
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Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Jack Butcher (@JackButcher) discuss: Lees meer(1:37) How Jack Butcher went from struggling founder to listing an NFT for $76m
(13:38) How Sam researches wealthy people and discovers profitable businesses in the process
(32:44) Why it pays to be early on new platforms
(47:30) Jack explains why he's listing his art for sale for $76m
(57:40) BitClout's incredible growth strategy
(1:09:12) The reputational problem NFTs/Bitcoin/Bitcloud pose and are they just fads
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#164 with Ryan Begelman - BitClout Explained, How To Successfully Angel Invest & A Police Sting?
26 maart 2021 · 1 uur 25 min
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
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Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Ryan Begelman (@RyanBegelman) discuss: Lees meer(0:30) Shaan and Sam talk about getting blocked on Twitter
(6:50) A carbon offset credit card raises millions
(9:50) The guys talk about their angel strategies
(11:00) Ryan's guide to how he makes investments
(17:20) What is BitClout
(46:33) Family offices and "entrepreneur-in-residence"
(1:03:00) Why angel invest
(1:21:40) Shaan is going to run a sting operation?
Find Ryan at https://www.ryanbegelman.com/
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#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral
24 maart 2021 · 1 uur 17 min
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: Lees meer(3:38) Shaan talks about his CNBC appearance
(6:45) The opportunities and riches in Chrome plugins
(33:03) MFM is upping its social game
(37:34) Gumroad is raising at a $100m valuation -- crazy?
(49:55) Is studystream.live the future of remote studying?
(57:01) The post-show
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#162 - Why Clubhouse Will Fail
19 maart 2021 · 1 uur 2 min
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: Lees meer0:45 Shaan breaks down why and how Clubhouse will fail (although he wishes it won't)
17:10 How to go viral and also improve your writing
27:07 How to win (and make millions) in the content game
36:22 How 'The Hustle' finds its talent
38:44 A simple startup idea with huge potential
50:38 How Shaan's tweet became a meme
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Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.Editing thanks to Jonathan Gallegos (@jjonthan)
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#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
17 maart 2021 · 1 uur 37 min
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: Lees meer5:30 How Michael sells domain names for millions
23:19 Why Bitcoin is the solution to every company's treasury problems
37:34 How Michael forecasts the cost of capital
45:25 Why fixing MicroStrategy's balance sheet, fixed the whole business
51:28 What Michael's role at the company is today
52:40 Warren Buffett calls Bitcoin rat poison. Is he right?
1:01:30 How employees feel working at MicroStrategy
1:14:58 Shaan and Sam give their reactions to the interview
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Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.Editing thanks to Jonathan Gallegos (@jjonthan)
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#160 - Paid Communities Making $20m+ (and How to Build One), Fighting Inertia & An Interview With Dave Selinger of Deep Sentinel
12 maart 2021 · 1 uur 29 min
MFM #160 Lees meer
The guys breakdown paid communities
Why paid communities are good businesses:
You can make them kinda fast (much faster if you have an audience)
Fun to run if you like the interest
Don’t need a lot of start-up capital and can have a lean team
Quite profitable
Cons:
Churn can be high
Likely can’t scale to me huge
Won’t get better with size necessarily (if user content-driven, deal-driven, or otherwise, more can be better. If connection related, less is better)
Seem challenging to sell if there’s a leader
To make a successful community:
The amount of money you’ll make is directly proportional to the amount of revenue the members will make being connected to each other multiplied by the amount of people who’d sign up.
Enthusiasts of RC cars? Likely don’t make much value from it, so you can’t charge a lot. But if it’s huge (and get better with size) then can work
Underdog, us vs them, united interests, info that wants to be private, highly disjointed online,
Communities the guys like:
Tiger21: A peer group for people above with a net worth of at least $10m.Numbers: It boasts ~850 members. They generate revenue through a $30,000 membership fee and also run ads to its members. Do an estimated $24m at least in sales
Sold to private equity recently
Why join?: Learn and make connections.
Evanta
Was known as CXO Acquisition Co. and Sports Leadership Acquisition Co...so maybe started in sports?
Evanta derives most of its revenue from event sponsorship. Event sponsors pay a fee to advertise at each event with pricing dependent upon the quality and level of executive attendance.
121 Unique communities worldwide 6,500 Participating organizations 253 C-level programs across 10 countries 83% of Fortune 100 represented 18,000 Participating C-level executives 87% companies with revenue of $1B+
Sold for $275m in 2016 to CEB and then Gartner
Had $17m in cash when bought
12x income...so made $23m in profit!
SoleSavvy
A SoleSavy membership provides …
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#159 - Update on Michael Jordan's House, a Nine Figure Sex Toy Company & the Man with a Million Acres
10 maart 2021 · 1 uur 8 min
MFM #159 Lees meer
MJ house update
Recap: Last episode the guys spoke about buying MJ’s house. The plan was to potentially turn it into a museum or Airbnb.
Problem: zoning and parking -- but those might be overcome
Shaan: Spoke to Rally Rd and Nifty Gateway founders
Now what: What's going to happen now?
Sam thinks nothing’s going to happen -- the guys are too busy. Shaan: you’re afraid to fail
Collecting old Apple computers
Opportunity: Old Apple computers like the Macintosh II and Apple II sell for a premium on eBay. There is still demand for these because of their cool aesthetics, and retro look.
At Monkey Inferno, visitors would often ask about their old Macs over the expensive paintings that hung on the walls.
Sam bets these will continue to appreciate. Can make for a good investment opportunity as retro style becomes more and more in demand.
Idea: Creating products from old Macs, such as https://inhabitat.com/wp-content/blogs.dir/1/files/2012/03/Macquarium-jake-harms.jpg
Sex talk
Steve Shubin - founded Interactive Life Forms: https://en.wikipedia.org/wiki/Fleshlight
Origin: Steve started creating sex dolls, but eventually realized most guys wouldn’t order sex dolls. He pivoted and created the Fleshlight. He scaled the company with his kids.
Does an estimated $50-$100m in revenue
Sidenote: One of Fleshlight’s factories in Spain uses its excess capacity to manufacture prosthetics elephant legs for Southeast Asia
Opportunity: Creating the new fleshlight
There is a growing demand for male sex toys, especially in countries like India and China. Even in areas where it’s taboo, new discreet packaging has made it easier.
Idea: Fleshlight marketing through channels like Onlyfans. Molds can even be made from the Onlyfans creators themselves.
Billy of the week
Brad Kelley
Started out renting space for factories and warehouses. When he noticed lots of customers using his warehousing space to store tobacco, he pivoted.
He founded Commonwealth Brands in 1991 an…