My First Million
716 episodes - English - Latest episode: 27 days ago - ★★★★★ - 2.3K ratingsSam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
June 18, 2021 10:00 - 1 hourShaan (@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. --------- * Want to be featured in a future episode? Drop...
#191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks
June 16, 2021 10:00 - 1 hourShaan (@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...
Greatest Hits #5 - The 1-800-GOT-JUNK Story
June 14, 2021 10:00 - 1 hourWe'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! --------- * Want to be featured in a future ep...
MFM Mini - The Way To Be Confident
June 13, 2021 10:00 - 11 minutesShaan (@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 --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: http...
#190 - Making Billions in Coworking, the Dark Side of Confidence, and the Future of Sports Recovery
June 11, 2021 10:00 - 59 minutesWeWork 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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support th...
#189 - Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps
June 09, 2021 10:00 - 1 hourSam (@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 s...
#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
June 04, 2021 10:00 - 56 minutesSam (@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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod ...
Why I Got Sober (for entrepreneurs)
June 02, 2021 12:46 - 46 minutesSam (@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. --------- * 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 privat...
Greatest Hits #4 - How To Sell Your Company for $750M - Meet Vungle's Jack Smith
June 01, 2021 10:00 - 55 minutesJack 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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod ...
MFM Mini - How to Turn Any Bad Experience into a Good One
May 30, 2021 10:00 - 8 minutesShaan (@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. --------- * 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 ...
#187 - How Vending Machines are Generating Millions, The Next Big Social App & Ghost Kitchens For Gifts
May 28, 2021 10:00 - 1 hourThere 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 You...
Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades
May 27, 2021 10:00 - 51 minutesTrung 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 f...
#186 with Marc Lore - Brainstorming with Billionaire Marc Lore on What He Would Build Today and the Future of Ecommerce
May 26, 2021 10:00 - 1 hourShaan (@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-capitali...
#185 with Andrew Wilkinson - The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?
May 25, 2021 10:00 - 1 hourSam (@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". --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mf...
#184 - Making Millions Improving Mobility, How to Beat Linkedin & Why You're Early Even When You're Late
May 21, 2021 10:00 - 1 hourCanva 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. --------- * Want to be fe...
Emergency Podcast - I Just Lost $500k This Morning: Here's a Framework for Dealing With a Crisis
May 19, 2021 16:43 - 10 minutesShaan (@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. --------- * 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 entrep...
#183 - How Course Businesses Work, How Irish Pubs as a Service is Making Millions & Profiting From Vacant Office Spaces
May 19, 2021 10:00 - 1 hourShaan (@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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: http...
Greatest Hits #3 - Selling a Blog For $9m with Ramon van Meer
May 17, 2021 10:00 - 56 minutesShaan (@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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Su...
#182 - How an Astrology App Makes $10m+, Why a Boxing Announcer is Worth $400m & Creating a Personal Monopoly
May 14, 2021 10:00 - 1 hourShaan (@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 creatin...
#181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything
May 13, 2021 10:00 - 1 hourVirtual 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...
#180 with Furqan Rydhan - What it's Like Co-founding a $20B Company, Hardware for Mind Control & Vertical Farming
May 12, 2021 10:00 - 1 hourShaan (@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 li...
Greatest Hits #2 - How to Build a $100 Million Deodorant Business Starting With Only $1,000
May 10, 2021 10:00 - 1 hourShaan (@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 ...
#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes
May 07, 2021 10:00 - 54 minutesWith 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. --------- * Want to be...
#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto
May 05, 2021 10:00 - 2 hoursShaan (@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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/...
Greatest Hits #1 - Turning it Around: From Failure to a $100m+ Success
May 03, 2021 15:59 - 1 hourSuli 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 profi...
#177 - How a City Tour is Making Millions, Selling Manhood & the Barstool for Tech
April 30, 2021 10:00 - 1 hourShaan (@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 doin...
#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro
April 28, 2021 10:00 - 1 hourCodie 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" (basicall...
#175 - Brainstorming Million Dollar Ideas with Elaine Zelby
April 26, 2021 10:00 - 1 hourShaan (@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. --------- * Want to be featured in a future episode? Drop your question...
#174 with Andrew Wilkinson - How to Network with Billionaires, Andrew and Sam's Recent Investments, & A Better Investor Than Buffett
April 23, 2021 10:00 - 1 hourSam (@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. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.c...
#173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X"
April 21, 2021 10:00 - 1 hourShaan (@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. --------- * Want to be featured in a fut...
#172 - Indie Businesses Making Millions, Advice to Young Entrepreneurs & How to Grow a Podcast
April 19, 2021 10:00 - 1 hourWe 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 po...
#171 - How to Generate Millions from Paid Events (Bootstrapped)
April 16, 2021 10:00 - 1 hourShaan (@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". --------- * Want...
#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
April 14, 2021 10:00 - 1 hourShaan (@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 hi...
#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
April 09, 2021 10:00 - 1 hourWant 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 --------- --------- 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 Buf...
#168 - How to Reverse Engineer Businesses, The Indonesian King of Coal & the Story of Adidas
April 07, 2021 10:00 - 1 hourWant 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 --------- --------- 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...
#167 - Answering Your Questions On Investments, Businesses and Life
April 05, 2021 13:45 - 55 minutesWant 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 --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) answer your questions: (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 (...
#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
April 02, 2021 10:00 - 48 minutesWant 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 --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP): (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 companie...
#165 with Jack Butcher - Selling a $76m NFT, How to Research Wealthy People & How BitClout Went Viral
March 31, 2021 10:00 - 1 hourWant 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 --------- --------- Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Jack Butcher (@JackButcher) discuss: (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...
#164 - BitClout Explained, How To Successfully Angel Invest & A Police Sting?
March 26, 2021 10:00 - 1 hourWant to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Ryan Begelman (@RyanBegelman) discuss: (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 an...
#164 with Ryan Begelman - BitClout Explained, How To Successfully Angel Invest & A Police Sting?
March 26, 2021 10:00 - 1 hourWant to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Ryan Begelman (@RyanBegelman) discuss: (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 an...
#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral
March 24, 2021 10:00 - 1 hourWant to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: (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 --------- ---...
#162 - Why Clubhouse Will Fail
March 19, 2021 10:00 - 1 hourWant to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: 0:45 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 Ho...
#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
March 17, 2021 10:00 - 1 hourWant to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: 5:30 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 ...
#160 - Paid Communities Making $20m+ (and How to Build One), Fighting Inertia & An Interview With Dave Selinger of Deep Sentinel
March 12, 2021 05:00 - 1 hourMFM #160 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 challeng...
#159 - Update on Michael Jordan's House, a Nine Figure Sex Toy Company & the Man with a Million Acres
March 10, 2021 05:00 - 1 hourMFM #159 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 s...
#158: Buying Michael Jordan's House (and Making a Profit), Investing in Athletes & Successful Startup-Studios
March 05, 2021 05:00 - 55 minutesMFM #158 Andrew Chen story University of Washington has a program for gifted high schoolers who want to do college early. Andrew took part and graduated at 19. He met some pretty cool people doing this including emmit of twitch, and head of hedge funds. Shaan got into a Duke program as a teenager via TIP program by scoring high on PSAT. Shaan: This is a great marketing trick -- he’ll do this when he starts his school For athletics, the opposite is done. MJ’s house Michael Jordan’s Chic...
#158 - Buying Michael Jordan's House (and Making a Profit), Investing in Athletes & Successful Startup-Studios
March 05, 2021 05:00 - 1 hourMFM #158 Andrew Chen story University of Washington has a program for gifted high schoolers who want to do college early. Andrew took part and graduated at 19. He met some pretty cool people doing this including emmit of twitch, and head of hedge funds. Shaan got into a Duke program as a teenager via TIP program by scoring high on PSAT. Shaan: This is a great marketing trick -- he’ll do this when he starts his school For athletics, the opposite is done. MJ’s house Michael Jordan’s Chic...
#157 - Instagram Food Drops Making $200k a Week, Chrome Extensions That are Crushing It & Open Salaries
March 03, 2021 05:00 - 1 hourMFM #157 Rewarding hustle: MFM is hiring two kids to do video production because they took the job without permission. They heard Sam complain about needing a recording studio and offered to do the work https://twitter.com/DylanJardon/status/1366274333858017282?s=20. This is how you get the job you want. Don’t send a resume. Do the work instead. Don’t ask for permission. Food topics The food companies of Instagram: Companies mycookiedealer.com, 1-900-Ice-Cream, and Allie’s Banana Bread a...
#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
February 26, 2021 11:00 - 50 minutesSam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and David Segal (@_davidsegal) discuss: David’s background - At 26, David teams up with his 70-something-year-old cousin, Herschel Segal, to start DAVIDsTEA. - Herschel had made his fortune in Canada’s fashion industry. Previously Davis was helping his Herschel make small investments. Together they saw an opportunity to grow a tea brand, where David led and Herschel invested - He made his first million when a Boston PE firm (Highland Capital) made...
#155 - NFTs Explained: How Digital Art Is Being Sold For Millions and What the Opportunities Are
February 24, 2021 11:00 - 53 minutesSam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: Negotiation as a Service (NaaS) - The guys talk about (and maybe invent) a new category of business: negotiations as a service. The idea here is that there are certain big ticket items where a professional can negotiate a better price for the end consumer. - Incentives matter, however. For a Realtor, getting a client a better deal isn’t always in their best interest. A better model: the negotiator gets a designated percentage if they a...