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MFM x Trends - The Fundamentals of a ~$60m Newsletter Exit With Ryan BegelmanFrom 🇺🇸 My First Million, published at 2020-11-17 02:00
Sam interviews Ryan Begelman about exactly how he has operationalized multiple successful businesses, including BizNow (which sold for $60m in cash, doing $20m in revenue and $6m in profit) and Summit Series (where they literally bought a mountain). Sam and Ryan talk about everything from hiring and onboarding talent, how to filter people for high intelligence, how to structure tests, how much to pay recruiters, and more. To listen to the full episode, head over to trends.co for your $1 trial. You'll get access to future bonus episodes plus our weekly Trends reports, access to a community of entrepreneurs and a lot more! See acast.com/privacy for privacy and opt-out information.
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#128 - Open Startups, A Mysterious Bag Lady, and Gamifying Facebook AdsFrom 🇺🇸 My First Million, published at 2020-11-13 11:00
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) host the podcast together today with no guest. In today’s episode you’ll hear: An update on Sam’s whereabouts and how he ended up buying a house in Austin (0:30), Shaan pitches an idea about “Class Pass for Billionaire’s Houses” (5:30), the best ad read in the history of MFM and how to growth hack your ads (11:00), Sam and Shaan talk about the pros and cons of a business like Baremetrics (14:25), Shaan contemplates publishing his total financial snapshot over the past year (20:35), Shaan pitches an idea on a Shopify app that connects all DTC brands (26:40), how Italic made smart deals with luxury Chinese suppliers (37:45), Sam and Shaan think someone should gamify a Facebook Ad learning program (42:37), Why Mario Level One is genius (51:27). Thank you to Lemon.io for sponsoring today's episode! They are offering a 15% discount for the first 6 weeks of work for all MFM fans. Go to Lemon.io/mfm to claim the offer! Companies mentioned: - Simon's Escapes: https://www.simonescapes.com/ - Inspirato: https://www.inspirato.com/ - Sponstayneous: https://www.sponstayneous.com/ - List of open startups: https://openstartuplist.com/ - Coop Commerce: https://www.coopcommerce.com/ - The Fascination: https://thefascination.com/ - B8ta: https://b8ta.com/ - Italic: https://italic.com/ - The genius of the first level of Mario: https://www.youtube.com/watch?v=zRGRJRUWafY Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#127 with Nick Huber - Building a $10m Self-Storage Business and the Opportunities in "Sweaty Startups"From 🇺🇸 My First Million, published at 2020-11-11 11:00
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) host the podcast today with special guest Nick Huber (@sweatystartup), self-storage investor. In today’s episode you’ll hear: Nick’s background and how he started his real estate empire (1:25), Shaan asks Nick to summarize how someone makes money in real estate (6:55), Nick explains how he gets deals (13:00), Nick shares how he bootstrapped his business from his dorm room (17:30), Nick tells the story of telling his dad he was starting a moving company when graduating from an Ivey League school (27:00), Sam makes an observations about people from India owning a lot of hotels (36:00), Nick gives some other “low tech” personal services ripe for innovation (43:00). Thank you to our sponsor this episode, EPOS! EPOS are fantastic headsets that make it easy to work flexibly across situations and locations, with portable headsets including hassle-free device compatibility. If you are an IT manager running a big department or a head of a growing company looking to give your employees the best headset solution to work from home, check out eposaudio.com/millions for a free trial! Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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MFM x Trends - How Jack Butcher Used Twitter to Generate $1m in 18 months (From Scratch)From 🇺🇸 My First Million, published at 2020-11-09 11:00
Jack Butcher talks about how he's built up Visualize Value and "Build Once, Sell Twice", where he's productized his services. Sam and Jack talk about scaling to $1m in revenue in 18 months, plus other opportunities that Jack sees for content creators, how he runs his course, the economics of agencies, and more. To listen to the full episode, head over to trends.co for your $1 trial. You'll get access to future bonus episodes plus our weekly Trends reports, access to a community of entrepreneurs and a lot more! See acast.com/privacy for privacy and opt-out information.
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#126 - A Nonexistant Influencer Pulling in Over $10m and The Big Opportunities With Hyperlocal FranchisesFrom 🇺🇸 My First Million, published at 2020-11-06 11:00
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: - How do you make podcast ads better? - Shaan and Sam discuss the election and the myths around it. - Ideas around improving live consumption of events. - Sam shares his excitement around Replika (https://replika.ai/) and its implications for the future of relationships. - Shaan brings up Lil Miquela, a non-existing influencer pulling in over $11m. - Can other industries piggyback off the success of RigUp? - The guys discuss the creation of local service franchises that require little upfront capital: Nana and the new Geeksquad. Thank you to our partners this episode: Podium! Podium is an all-in-one SaaS tool that helps your business get reviews. Go to podium.com/mfm for 20% off and a $150 Amazon gift card. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#125 - What is the Buy, Borrow, Die Process?From 🇺🇸 My First Million, published at 2020-11-04 11:00
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) host the podcast today with a special guest Aaron, Shaan’s brother-in-law. Shaan’s brother-in-law Aaron joins the podcast and gives some hot takes on “tech-bros” (1:13), Aaron breaks down the “Buy, Borrow, Die” method to avoid paying taxes (3:20), Sam breaks down how he lived in San Francisco when he had no money (17:45), Shaan and Sam talk about the “buy nothing” lifestyle and Buy Nothing Project, a big player in that space (29:32), Sam and Shaan go deep on recycling and how little is actually put back to use (34:35), Shaan explains an AI product that replaces mundane medical care tasks and how boring businesses can make a ton of cash (37:20), the guys kick around important people and how to create a vision for your own life (43:30). Thank you to our partners this episode: Podium! Podium is an all-in-one SaaS tool that helps your business get reviews. Go to podium.com/mfm for 20% off and a $150 Amazon gift card. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine ZelbyFrom 🇺🇸 My First Million, published at 2020-10-30 10:00
Shaan Puri (@ShaanVP) hosts the pod solo with special guest Elaine Zelby (@ezelby). Elaine has a background in mechanical engineering but also worked at Slack and is now part of a VC group. On today’s episode you’ll hear: Elaine gives her background and how she came into the VC space (1:45), Elaine breaks down a new twist on cowering. Something she calls “Coworking 2.0” (3:35), Shaan pitches a new way to use nightclubs during their ofttimes (9:20), Elaine has a fresh take on credit cards for fans (12:20), Elaine explains why she is bullish on continuous cortisol monitoring (20:35), Elaine and Shaan brainstorm a fun take on “stock betting” (26:20), Elaine and Shaan go really deep on functional milks (32:50), How to automate re-zoning and permitting for real estate (40:14), Shaan breaks down a recent pitch he received of app-dating with only audio (47:40). Thank you to our partners this episode: Podium! Podium is an all-in-one SaaS tool that helps your business get reviews. Go to podium.com/mfm for 20% off and a $150 Amazon gift card. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#123 - The Big Business of Buying Amazon Routes, and a COVID-proof FranchiseFrom 🇺🇸 My First Million, published at 2020-10-28 10:00
Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Shaan Puri (@ShaanVP) and Sam Parr (@theSamPar) are back on the today without a guest. On today’s episode you’ll hear: How Card my Yard just might one of the best COVID-related franchises (2:10) Why Amazon logistics franchises and delivery routes are slowly becoming franchise powerhouses (5:20), Sam tells the story of his mother-in-law turned entrepreneur (11:45), Shaan and Sam talk about @visualizevalue and weigh the merits of being a solo-preneur vs. starting a world-changing technology (17:22) Shaan describes the “Zone of Genuis” and how to find it (30:30), the guys guess what their monthly burn should be to live the way they want (38:00), Shaan tells a story of how he accidentally convinced his wife to quit her consulting job to follow her passion (44:00), Sam talks about how to build an audience in-person (48:20), Sam pulls up his list of companies that he was looking to apply at 8 years ago (53:45), the two guys talk about the genius and wisdom of MMA fighter Khabib Nurmagomedov (59:00). Big thank you to Azoras for sponsoring this episode! Follow them on YouTube at https://www.youtube.com/azoras. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#122 - Not Getting These Jobs Cost Us MillionsFrom 🇺🇸 My First Million, published at 2020-10-23 10:00
Shaan Puri (@ShaanVP) and Sam Parr (@theSamPar) are back on the today without a guest. On today’s episode you’ll hear: Escape your city with new modular homes (4:20), Cerro Gordo was a ghost town in California sold for $1.2M (10:45) how to make channel/market fit by learning from TikTok (14:45), Shaan introduces an new twist on the stock market (17:00), Sam and Shaan reminisce on missed opportunities and how much money they would’ve made if things didn’t fall through (25:10), Shaan explains limited details on a very interesting opportunity that came to him in the past few days (38:37). Big thank you to Azoras for sponsoring this episode! Follow them on YouTube at https://www.youtube.com/azoras. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#121 - So You Made $100m...Now What?From 🇺🇸 My First Million, published at 2020-10-21 10:00
Shaan Puri (@ShaanVP) and Sam Parr (@theSamPar) are back on the today without a guest. On today’s episode you’ll hear: Sam and Shaan debate the merits and opportunities with Hopin and other digital event apps (7:25) How to make trade shows better with a lesson from Alibaba (14:10), Shaan explores a few different companies that are doing financial services for creators (31:00), Shaan and Sam riff on a hypothetical chrome extension to see what influencers are buying (34:25), how to “diverge and converge” for better brainstorming and design thinking (42:35), the guys try to come with answers for the existential question, if you already had all the money you’re working for, what would you do? (51:35). Big thank you to Azoras for sponsoring this episode! Follow them on YouTube at https://www.youtube.com/azoras. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#120 - These Are the Frameworks Every Entrepreneur Should LearnFrom 🇺🇸 My First Million, published at 2020-10-16 10:00
This episode we are partnering with Square! Square makes it easy for your business to accept payment, and so much more! Check out this week's sponsor at square.com/go/hustle! Shaan Puri (@ShaanVP) aka the King of Frameworks shares his favorite ten frameworks: 1. Intro (1:38) 2. Your TO-Do List is Killing You (2:25) 3. How To Kickoff a Project (5:16) 4. Big Mario Marketing (8:41) 5. Getting Un-Stuck (11:40) 6. Having an Audience is Like Steroids (20:05) 7. All News is Good News (21:54) 8. Work Like a Lion (23:31) 9. Don’t Sell Saddles (24:47) 10. Cold Emailing to Close Sales (26:46) Get the PDF version with illustrations at www.shaanpuri.com. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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MFM x Trends: How to Hire a CEO to Run Your Company with Andrew WilkinsonFrom 🇺🇸 My First Million, published at 2020-10-15 10:00
The best business hack ever: Learn how to hire CEOs to run your company. This is a short preview of a special edition episode for Trends subscribers. In this ep, we talk to Andrew Wilkinson, founder of Tiny...a startup conglomerate that owns 20 different companies, each with their own CEO. This ep is for Trends members only but we wanted to give you a taste. For the full episode, along with eps like this, more research, and access to our community go to: https://trends.co/ See acast.com/privacy for privacy and opt-out information.
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#119 with Josh Elman - How To Get The Benefits of Entrepreneurship Without Starting a CompanyFrom 🇺🇸 My First Million, published at 2020-10-14 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Josh Elman (@joshelman) on the pod today. Elman is a veteran of LinkedIn, Twitter, Facebook, and Robinhood to name a few. This guy knows Silicon Valley and growth better than anyone else. In today’s episode you’ll hear: Shaan asks Josh to give his background (1:00), Sam asks if it’s better to start your own thing or climb your way up in a tech startup (8:25), Elman answers the question “what technology or company has that 10x or 100x potential in the next few years (9:15), Josh explains the “meta-verse” or “the third place” and how AI will lead the way there (18:15), how the TV show Black Mirror has influenced tech (24:55), Elman unpacks his time at Stanford and the power of being around intelligent people and gives some stories on his early days at Unicorn companies (31:00), Sam puts Josh on the spot and asks him how he can 10x his own business (47:35), This episode we are partnering with Square! Square makes it easy for your business to accept payment, and so much more! Check out this week's sponsor at square.com/go/hustle! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#118 with Harley Finkelstein (Shopify's President) - Why You Should Drop Out Of School and Start a Shopify StoreFrom 🇺🇸 My First Million, published at 2020-10-09 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Harley Finkelstein (@harleyf) on the pod today. Harley is the COO of Shopify. In today’s episode you’ll hear: Sam and Harley share a hilarious but effective way to recruit senior employees (0:30), Harley gives his background and how he became the COO at Shopify (2:52), Shaan brings to light some interesting emails from the early investment rounds of Shopify (9:30), Harley shares some of the major things he’s seeing in retail during COVID (19:30), Sam asks Harley which companies he’s seen that can be successful on Shopify (30:00), Harley explains how Cardi-B can build a brand on Shopify (37:55), The guys kick around ideas related to Shopify Apps that don’t exist that should exist (45:30), Harley explains the future of retail as he sees it (53:45). This episode we are partnering with Square! Square makes it easy for your business to accept payment, and so much more! Check out this week's sponsor at square.com/go/hustle! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#117 Austen Allred - Lambda School's Founder Brings His Best IdeasFrom 🇺🇸 My First Million, published at 2020-10-07 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Austen Allred (@Austen) on the pod today. Austen is the founder of Lambda School (@LambdaSchool). In today’s episode you’ll hear: Austen gives background on Lambda School and explains the challenges and opportunities in the education space (1:05) Shaan asks Austen to explain his rise from sleeping in a car in San Francisco to running Lambda School (14:00), Austen talks about how his Mormon mission prepared him for a life in business (20:28), Austen breaks down how colleges make money off of application fees (28:35), The guys talk about the big business of college entrance exams (36:35) Austen pitches his idea of increasing productivity at companies by reducing the slack from employees (47:20), the guys discuss the pros and cons of employee tracking software in the age of COVID and mass remote work (50:33), Shaan asks Austen to predict ways different “Lambda School’s for X” are going to grow into the future (58:00). Thank you to our sponsor Square! Square makes it easy for your business to accept payment, and so much more! Check out this week's sponsor at square.com/go/hustle! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big Businesses Ran by Few PeopleFrom 🇺🇸 My First Million, published at 2020-10-02 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Kelly Erb (@taxgirl) on the pod today. In today’s episode you’ll hear: Shaan introduces Kelly Erb and she gives her take on President Trump’s tax return (0:20), Shaan asks Kelly “what should business owners look at to minimize their own tax liability (10:30), Kelly gives some key tax points to focus on for business owners and how to think about expenses (16:05), Sam asks Kelly to explain QSBS for the listeners, Sam and Shaan riff on businesses that look big, but are actually operated by one or two people (32:30), Sam talks about what kind of guests he likes on the podcast (40:50), the guys talk about how involved a company should be in a political stand based on a letter from the Coinbase CEO (47:10). Check out this week's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#115 - Selling An Erotic Newsletter and AI That Leaves Us SpeechlessFrom 🇺🇸 My First Million, published at 2020-09-30 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) cohost the pod today. In today’s episode you’ll hear: Sam gives an update on his whereabouts (3:00), Sam and Shaan y’all about a new nursing shoe brand started by a former Nike employee (12:40), both guys brainstorm what other industries require standard clothing (18:55), Shaan talks about a podcast listener who sold his newsletter (23:20), Shaan and Sam kick around an idea of an app for a “leak proof” company all-hands meetings (28:05), Sam explains what Jeff Bezos did to create an internal newspaper when he bought the Washington Post (32:40), Shaan talks about using AI to write emails (36:10), Sam demonstrates some incredibly powerful technology from Open.ai and GPT3. - Oil worker marketplace https://www.rigup.com/ - Nursing shoes https://wearebala.com/ - Premium scrubs https://www.wearfigs.com/ - AI email composer https://compose.ai/ - AI video creator https://www.synthesia.io/ Check out this week's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#114 with Steph Smith - The Head of Trends Talks Insider Trading and The Gen-Z MafiaFrom 🇺🇸 My First Million, published at 2020-09-25 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) invite Steph Smith (@stephsmithio) on the pod today. Stephen is an employee at The Hustle, world traveler and all around indie-hacker. In today’s episode you’ll hear: Shaan and Sam introduce Steph (0:40), Steph introduces a fresh idea around remote/WFH by tackling all of the needs of someone newly adjusting to WFH life (4:00), the group talked about unorthodox company perks (12:10), Sam and the group brainstorm around “What are the most interesting 1-3 person operations you’ve seen?” (16:30), Steph pitches an idea of becoming the agency for celebrities because most celebrities have terrible web presence (24:00), Steph’s third idea revolves around HIPAA compliant (or other compliance) services and creating first-mover advantages by tracking legislation (30:15), Steph introduces the guys to a reddit tool that allows you to mind map topics on Reddit (36:00), the group talks about the advantages of tracking insider trades (40:30), Sam talks about a company called FION which is building A technology platform that allows you to track and predict where wildfires will start and spread (46:00), Steph talks about hiring gen-zers to build corporate training material (50:00), Companies, people and resources mentioned: - Benefits company: https://www.compt.io/ - Benefits company: https://www.hoppier.com/ - https://twitter.com/chrisjbakke/status/1296107846472364033 - Live music discovery platform: https://www.keyvalues.com/ - Peter Levels @levelsio - Fastest growing Inc 5000 company: https://www.onetrust.com/ - Related subreddit tool: https://anvaka.github.io/sayit/?query= - Nuclear energy girl: https://twitter.com/isaboemeke - Gen Z Mafia https://genzmafia.com/ - https://www.songkick.com/ - Insider trading reporting: https://finviz.com/insidertrading.ashx - Wildfire tracker: fion.tech - Art school game: https://artsqool.cool/ Check out this week's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
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#113 - From Furniture Store to Water Delivery: The Millions in Boring BusinessesFrom 🇺🇸 My First Million, published at 2020-09-23 10:00
(0:46) The guys break down Frank Slootman (Snowflake founder’s) Linkedin post, (7:45) Sam brings up Rocket Internet, a German company that clones mainstream startups in smaller geographic markets. They scale quickly and are formulaic, (8:30) Sam is fascinated by Danny Meyer, founder of Shake Shack among other places, (10:05) Shaan shares his story about the Melman’s and their empire, Lettuce Entertain You, (13:38) The guys discuss Hamdi Ulukaya the founder of Chobani, (17:50) The guy’s talk blue collar businesses, including Waste Management and its founder Wayne Huizenga, (19:30) The story of Rose Blumkin, founder of Nebraska Furniture Mart, (21:11) Shaan talks about his water problem and subscription water companies like ReadyRefresh and Culligan, (27:40) The Uber for evictions: Civvl, (31:26) The student debt market explained, (34:42) B2B vs consumer businesses Check out this week's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. 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. See acast.com/privacy for privacy and opt-out information.
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#112 - Why Buying Businesses Is Better Than Starting Them and The Mad Genius of Kanye WestFrom 🇺🇸 My First Million, published at 2020-09-18 10:00
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) shoot the wind on today’s pod. In today’s episode you’ll hear: Sam asks Shaan what he’s learned about working at a big company and what he can apply to a smaller company (0:30), Shaan asks Sam about a personnel shuffle at The Hustle (9:00), the guys talk about a Kanye West tweet where he wants to create Y-Combinator for music (11:30), Sam and Shaan debate if a great domain name can make you (22:15), Sam and Shaan talk about the Snowflake IPO (29:55), Shaan shares a crazy conversation with a 20-year old multi-millionaire (37:00), the guys share how they learn from beginners and why you should too (43:10), Shaan talks about Bubble Hotels (48:30). Our sponsor today is lemon.io! They are offering a 15% discount for the first 6 weeks of work for all MFM fans. Go to Lemon.io/mfm to claim the offer! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.