Billion Dollar Business Philosophies With Hubspot Co-Founder Dharmesh Shah

My First Million

Podcast Notes Key Takeaways Talent and resources, that would otherwise be unavailable during an economic boom, become increasingly available during a recessionA founder must convince talented people to do the “irrational thing” and join their startupSalary is just one vector of value for an employee, and one that people often over-indexThere are three types of employees: creatives, completers, and collaborators The Trillion-Dollar Venn Diagram of Success: create value at the intersection of two of your skills Acquire skills that are rare and also ones that reinforce the skills that you’re already exceptional at Most things require skill, not talent Find what your time is worth on an hourly rate and either don’t do or delegate, any tasks that return a value less than that amount Creating a successful business requires a big dream and constant iterations on ideas, processes, and products 

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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk to Co-Founder & CTO of HubSpot, Dharmesh Shah (@dharmesh), about why a bad economy is a good time to start a business, creating an alternative to Wordle, and the trillion dollar Venn diagram of success.

Also, want $5,000? Check out the My First Million Clips contest.

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Links:

* HubSpot

* Why to Start a Startup in a Bad Economy article

* WordPlay

* Maven writing course

* Shaan tweet about starting the next Pixar

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Show Notes:

(02:10) - Why renting is better than owning

(25:20) - Framework for three types of employees

(35:05) - Why Dharmesh built WordPlay

(01:07:55) - Driving value through an intersection of skills (Trillion dollar Venn diagram)

(01:12:10) - Why Shaan is starting the next Pixar

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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