#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto
My First Million5 Touko 2021

#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto

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. --------- * 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: * (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

Jaksot(785)

I was offered $200M at 24 and I turned it down

I was offered $200M at 24 and I turned it down

Get our Business Monetization Playbook: Episode 672: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Matt Mullenweg ( https://x.com/photomatt ), the founder of WordPress and Automattic.  — Show Notes:  (0:00) Turning down $200M at 24 (6:04) WordPress's 1000 days of irrelevance (9:24) Turning a small South African company into $3B (13:40) The battle of giants - WooCommerce vs Shopify (18:37) Matt's Villain Arc (30:07) Auditions > Interviews (36:04) Putting every employee on the front line (42:56) Matt on Deepseek — Links: • Automattic - https://automattic.com/  • WordPress - https://wordpress.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

31 Tammi 45min

We hosted a slumber party with 12 billionaires (our minds are blown)

We hosted a slumber party with 12 billionaires (our minds are blown)

Get our Business Monetization Playbook: Episode 671: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) recap a weekend spent with billionaires in Greenville, NC.  — Show Notes:  (0:00) Intro (4:49) Fish Where The Fish Swim, Not Where The Fishermen Stand (12:45) Man Does Not Sell Chocolate, He Becomes It (18:48) Non-Obnoxious Confidence Beats IQ (22:53) I Am (24:51) Take Your Billions and Shove It (30:20) Hardwork.....maybe? (32:41) Health is the New Status Symbol (37:39) Midwit meme in full effect — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

29 Tammi 46min

I run a $180M+ company...here's how I'm using AI on a daily basis

I run a $180M+ company...here's how I'm using AI on a daily basis

Get our Business Monetization Playbook: Episode 670: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Andrew Wilkinson ( https://x.com/awilkinson ) about the AI tools that are replacing new hires.  — Show Notes:  (0:00) AI to kill admin work (7:37) the K-shaped future (16:29) 24/7 agents in your business (25:46) Software is the new commodity (38:40) Andrew's AI hedge investments (50:56) Buy, sell, or hold — Links: Lindy - https://www.lindy.ai/  Howie - https://howie.ai/  Fyxer - https://www.fyxer.com/  Fathom - https://fathom.video/  Otter - https://otter.ai/  Claude - https://claude.ai/  Zero - https://zerotax.ai/  Replit - https://replit.com/  Constellation - https://www.csisoftware.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

24 Tammi 1h 6min

The Crazy Story of Google’s 7 Angel Investors

The Crazy Story of Google’s 7 Angel Investors

Get our Business Monetization Playbook: Episode 669: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) do a deep dive on the 7 strangers that made the greatest investment of all time.  — Show Notes:  (0:00) Andy Bechtolsheim (7:10) David Cheriton (10:10) Ron Conway (29:20) Alfred Lin (35:00) Shaquille O'Neill (37:20) Susan Wojcicki (38:50) Pejman Nozad (46:20) Jeff Bezos — Links: • SV Angel - https://svangel.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

16 Tammi 1h 4min

Just found out my neighbor’s business sold for $450M

Just found out my neighbor’s business sold for $450M

Get our Business Monetization Playbook: Episode 668: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the story behind Muscle Milk, Scott Galloway's bet against FTX, and how Bill Ackman spent $460M in 4 hours.  — Show Notes:  (0:00) The untold Muscle Milk story (16:41) Timelines of your heroes (19:43) Having a social agenda (22:29) Shaan pitches Sam a business (38:58) Scott Galloway buys FTX claims (47:17) The value of having a too hard pile (55:18) Bill Ackman spends $460M in 4 hours — Links: • Muscle Milk - https://www.musclemilk.com/  • Flavor Insights - https://flavorinsights.com/  • Hormel - https://www.hormel.com/  • Arfur Rock - https://x.com/ArfurRock  — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

14 Tammi 1h

Five +$10M Ideas (from a guy who's done it 3 times)

Five +$10M Ideas (from a guy who's done it 3 times)

Get our Business Monetization Playbook: Episode 667: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Sheel Mohnot ( https://x.com/pitdesi ) about the biggest opportunities he sees right now.  — Show Notes:  (0:00) Intro (2:33) iPod mini hustle (10:40) Being a dot collector (20:30) The $100M story of Thistle (24:30) IDEA: Affinity-based retirement home (34:30) IDEA: Yelp for professional services (38:48) IDEA: Pearly whites (42:10) IDEA: Outsourced pizza (44:40) The story of Grey Goose (48:00) IDEA: School for AI Tools (52:00) Sheel's credit card stack (59:00) Sheel's position on crypto (1:03:00) Learning to sell — Links: • Thistle - https://www.thistle.co/  • Sam’s List - https://samslist.co/  • Pizzeria DeLuna - https://pizzeriadeluna.com/ • U.S. Bank Smartly Visa - https://www.usbank.com/credit-cards/bank-smartly-visa-signature-credit-card.html  — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

10 Tammi 1h 14min

How to Make $1,000,000 After You Graduate (5 steps)

How to Make $1,000,000 After You Graduate (5 steps)

Get our Business Monetization Playbook: Watch this episode here - https://youtu.be/qkcFcwb6mk0 Episode 666: Shaan Puri ( https://x.com/ShaanVP ) breaks down his 5 step process for making $1,000,000 quickly.  — Show Notes:  (0:00) Intro (2:32) Slay the salary monster (13:26) Play the game 10 times (20:05) How to win even when you lose (25:26) Proximity is power (26:33) Impatient with action, patient with results — Links: • Sarah Moore episode - https://www.youtube.com/watch?v=dF6zvTXimxY  — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

8 Tammi 39min

56 Minutes of Money Wisdom for High-Earning Couples

56 Minutes of Money Wisdom for High-Earning Couples

Get our Business Monetization Playbook: Episode 665: Sam Parr ( https://x.com/theSamParr ) talks to Ramit Sethi ( https://x.com/ramit ) about money rules for couples in their 30s and 40s.  — Show Notes:  (0:00) 5 rules for money in your relationship (5:25) the 4 money types: avoider, optimizer, worriers, dreamers (10:15) The Annual Review (23:00) Monthly money meetings (26:00) There is no "money person" (31:09) 4 benchmarks for high-earning couples (35:03) Learning to spend (41:01) Investments vs purchases (43:39) Troubleshooting partnership disagreements (49:00) Spending to solve problems (53:00) Fight for simplicity — Links: • Money for Couples - http://iwt.com/moneyforcouples • Ramit on YouTube - https://www.youtube.com/@ramitsethi — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

6 Tammi 59min

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