My First Million5 Maalis 2021

#158 - Buying Michael Jordan's House (and Making a Profit), Investing in Athletes & Successful Startup-Studios

MFM #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 Chicago home went on sale for $30m many years ago, but hasn’t sold. Today it’s on sale for $14m. Idea #1: Buy the house using crowdfunding and through NFTs, any fan can own a fraction of the property. From there, the property can be turned into a museum. Idea #2: Instead of turning the house into a museum, turn into a great Airbnb. Obama’s Hawaii house (the Plantation Estate) rents for $6k a night or $180k a month. You have to make it the dream “man cave”/sports fan getaway. Make it an alternative to Vegas for bachelor’s parties. Fill the house with Jordan memorabilia, and make it an incredible experience for fans to come to. Famous homes: There's a precedent for taking famous homes and turning them into museums. Graceland: Elvis’ former home receives 600k visitors each paying ~$30 Painted Ladies: Painted Ladies and “Full House” house are mainstay attractions. “Full House” house sold for a premium above market price. Counter: Sam is sceptical of crowdfunding on Rally Road because of the difficulty in liquidating. Shaan counters by saying fractional ownership makes liquidity less of an issue. Also many aren’t concerned about selling. Would rather wait and hold. Big League Advance BLA: Offers cash to minor league baseball players with the promise of making money if the baseball player hits it big. Fernando Tatis Jr: Took cash when he was in the minors from BLA, but now has to pay out ~$30m after signing a $300m+ deal Opportunity: Baseball is the easiest to model, but the NBA presents a great opportunity because of guaranteed contracts. If a player gets a $100m, 5 year deal, you can offer them $80m upfront for the contract. Instead of Counter: This is a risky business. The business only works if you can model properly and get big hits to cover the losses. Startup studio Instead of investing in companies or starting just one company, startup studios invest and incubate several businesses at once. Shaan: Historically very tough and didn’t work. Garret Camp, Mark Pincus, Kevin Rose, and Michael Birch (Monkey Inferno where Shaan worked) all had studios which had no big winners. Successful studios: The tides may be shifting as a few studios have begun getting hits. Thrive Capital by Josh Kushner (Oscar), Atomic by Jack Abraham (Hims), Prehype (Barkbox and Ro) Atomic: Only works at one project at a time and the team has 9 months to raise a series A or else may be out of a job. Also focused more on B2B than consumer. eFounders: European studio that only does SaaS. They’ve been able to make the model successful Kevin Ryan: Part of DoubleClick when it was sold. Made about $20m and created AlleyCorp which incubated companies like MongoDB, Business Insider, Zola and Guilt. Good: It’s a dream job because you work on multiple ideas. Unlike a traditional startup, when failure happens you can just move onto a new project as a team Bad: For a startup to work, you need laser focus. Often what happens, when a startup hits a plateau, you can pivot to an area that’s working. At studios, the team is more inclined to move onto another project altogether. No do-or-die, back-to-the-wall mentality as with startups. --------- 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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From $4/Hour to $4 Billion Net Worth

Want to build your own million dollar side hustle? Get 700+ prompts here: https://clickhubspot.com/cdw Episode 734: Shaan Puri ( https://x.com/ShaanVP ) sits down with billionaire Hayes Barnard for a rare interview. TeamWater is now live! $1 = 1 year of clean water for someone in need. During August, countless founders (including Hayes) are attempting to raise $40,000,000 to give 2,000,000 people clean drinking water for decades each!Anything you can give helps: teamwater.org Want to do breathwork like Hayes? His teacher, Johann can be found at Blurbay.com/johannurb and Pyramidbreath.com. — Show Notes: (0:00) Failing 1st grade to $10B Founder (4:21) The making of outperformers (9:28) Lessons from Larry Ellison (32:05) Surviving Crisis (41:30) The difference between rejection and results (46:40) Meeting Elon (56:07) What to chase (1:07:35) The Dad Story (1:18:30) Laying in the dirt (1:26:45) Give Power — Links: • TEAMWATER - https://teamwater.org/ • GoodLeap - https://www.goodleap.com/ • GivePower - https://givepower.org/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

13 Elo 20251h 39min

5 Live Callers Get Startup Advice from Hormozi & Shaan

Want the cheat-sheet to turn your startup into a unicorn? Get it here: https://clickhubspot.com/kgh Episode 733: Shaan Puri ( https://x.com/ShaanVP ) and Alex Hormozi ( https://x.com/alexhormozi ) take questions from callers LIVE. $100M Money Models, launches at a live virtual event Saturday August 16th. Register free: https://register.acq.com — Show Notes: (0:00) Intro (0:16) Caller #1 (12:55) Caller #2 (21:52) Caller #3 (31:20) Caller #4 — Links: • Acquisition - https://www.acquisition.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

8 Elo 202546min

Hormozi Teaches Me Everything He Knows in 90 Minutes

Want to start your own business with less than $1k? Get the playbook here: https://clickhubspot.com/lhs Episode 732: Shaan Puri ( https://x.com/ShaanVP ) sits down with Alex Hormozi ( https://x.com/alexhormozi ) to talk about his newest book, $100M Money Models. The book will teach you how to get more customers to spend more, in less time, over and over again, ultimately eliminating cash flow as a constraint to growth of any business. $100M Money Models, launches at a live virtual event Saturday August 16th. Register free: https://register.acq.com — Show Notes: (0:00) Money Models (9:34) Sell When Pain Is Highest (14:00) Live coaching: Rebuilding Shaan’s Business (30:04) What most founder get wrong (37:55) Make it or Take It: Tough Questions (55:09) What Hormozi is obsessed with now (1:08:51) Playing the YouTube game — Links: • Acquisition - https://www.acquisition.com/ • Somewhere - https://somewhere.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

6 Elo 20251h 21min

Talking to Tim Ferriss about how to live a dope life

Want Sam's top 7 books for entrepreneurs (& his reading strategy)? Get it here: https://clickhubspot.com/kft Episode 731: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Tim Ferriss ( https://x.com/tferriss ) about what he’s been nerding out on lately . — Show Notes: (0:00) Intro (6:52) How much money is enough money (25:28) Tim's favorite podcast guests (28:21) Lifestyle sampling (32:49) Shaan's unscripted days (38:57) Creativity gyms (42:13) The curse of precision thinking (47:00) Tim's superpowers (52:35) How to be a magnet for the right audience (1:05:22) What Tim’s nerding out on now (1:19:34) Trend: Electricity over pills (1:23:16) Trend Exogenous ketones (1:25:31) Trend: Analogue and social — Links: • Coyote - https://www.explodingkittens.com/products/coyote — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

4 Elo 20251h 32min

The New Style of Video That’s Taking Over the Internet

Want Sam's Guide to Create Irresistible Content? Get it here: https://clickhubspot.com/skv Episode 730: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the trend of cinematic content creators on TikTok and YouTube. — Show Notes: (0:00) Creator Camp (7:41) Wesley Wang’s Viral Short Film (17:00) The Iron Snail (20:08) Michael MacKelvie (24:52) Ryan Trahan’s Candy Commercial Masterpiece (27:20) Different Is Better Than Better — Links: • Creator Camp - http://creatorcamp.co/ • nothing, except everything. - https://www.youtube.com/watch?v=hif5eI5pBxo • Batmalle - https://www.instagram.com/reel/DK1n403ok0k/ • The Iron Snail - https://www.youtube.com/@TheIronSnail • Michael Mackelvie - https://www.youtube.com/@MichaelMacKelvie • “We Need To Talk” - https://www.youtube.com/watch?v=ImQ1nY0y9HA • Joyride - https://www.joyride.com • STICKS - https://www.youtube.com/@STICKS — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

30 Heinä 202530min

I built 4 Agents in 55 minutes to save 20+ hours a week

Episode 729: Sam Parr ( https://x.com/theSamParr ) talks to Zapier founder Wade Foster ( https://x.com/wadefoster ) about how to build AI Agents. — Show Notes: (0:00) Intro (5:57) DEMO: Instant Dossier (10:49) Model Context Protocol (19:30) DEMO: Read Strategy memos like a Harvard MBA (29:13) DEMO: Inbox Zero Agent (36:00) Getting your team to use AI (40:00) DEMO: Employee fraud detector — Links: • Want Wade's guide to use AI Agents to save 20+ Hours/week? Get it here: https://clickhubspot.com/wdp • Zapier - zapier.com • Claude - Claude.ai • Glean - https://www.glean.com/ • Databricks - https://www.databricks.com/ • Superwhisper - https://superwhisper.com/ • Wisprflow - https://wisprflow.ai/ • N8n - https://n8n.io/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

28 Heinä 202551min

What It’s Like to Spend 24hrs with a Billionaire Who Plays Full Out

Steal Sam's playbook to turn ChatGPT into your Executive Coach: https://clickhubspot.com/ebm Episode 728: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about hanging out with billionaires. — Show Notes: (0:00) Intro (3:56) Hayes Barnard (23:15) Sasha Koehn (29:27) Alex Hormozi (39:24) Wade Foster (45:38) Eric Glyman (49:33) Sanjiv Chopra — Links: • Buck Mason - https://www.buckmason.com • Zapier - https://zapier.com/ • Ramp - https://ramp.com/ • Acquisition - https://www.acquisition.com/ • Rhino - https://rhinoinvestmentsgroup.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

24 Heinä 20251h 4min

I was $15m in debt...now I own a billion dollar portfolio

Want Sam's Playbook to Uncover Hidden Business Opportunities? Get it here: https://clickhubspot.com/pcf Episode 727: Shaan Puri ( https://x.com/ShaanVP ) sits down with his brother-in-law Sanjiv Chopra to talk about how he went from $15M in debt to a real estate portfolio of $1.5B. — Show Notes: (0:00) Intro (3:37) $15M in debt on first deal (12:30) Pawning my wife’s wedding ring to buy a gym (19:41) Turning a broken gym around (22:02) Referral marketing (29:48) Double escrow (36:11) Shopping centers (40:20) What a Good Real Estate Deal Looks Like (44:02) How you act when you lose (51:02) Legacy, Balance & Being a Present Dad — Links: • Rhino Investments - https://rhinoinvestmentsgroup.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

22 Heinä 20251h

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