The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket - Jason Fried
My First Million20 Maalis 2024

The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket - Jason Fried

Episode 564: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Jason Fried about his 6-Week Sprint playbook, how he’s planning for the end of subscription revenue, and what it’s like to have Jeff Bezos as an investor. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Intro (2:30) Long term planning is a fantasy (8:30) The 6-Week Sprint Playbook (14:00) Does Jason regret selling We Work Remotely? (16:00) Cash flow king (21:00) Taking money from Jeff Bezos (29:30) Who does Jason admire? (33:00) Non-recurring revenue is back (37:00) The Founder Letter Launch strategy (45:30) Campfire v. Slack (50:40) Pile on the wackier stuff early (in life and business) (53:30) Taking financial risks that don't put you at risk (57:00) Where does Jason spend his profits? — Links: • Jason on Twitter - https://twitter.com/jasonfried • Rework - https://tinyurl.com/38mfc66n • 37Signals - https://37signals.com/ • Basecamp - https://basecamp.com/ • We Work Remotely - https://weworkremotely.com/ • Once - http://once.com/ — 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 — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd 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 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. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

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#168 - How to Reverse Engineer Businesses, The Indonesian King of Coal & the Story of Adida‪s‬

#168 - How to Reverse Engineer Businesses, The Indonesian King of Coal & the Story of Adida‪s‬

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: 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 robo-pets the future? * (53:33) The amazing story of the founding of Adidas --------- --------- 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.

7 Huhti 20211h 4min

#167 - Answering Your Questions On Investments, Businesses and Life

#167 - Answering Your Questions On Investments, Businesses and Life

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: 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 (either because it's off-topic/lower priority) that you wish you could? (23:08) You guys are awesome at coming up with incredible ideas and knowing how to execute them. What would it take for one to pull you out of Twitch and want to pursue in full force? (27:24) Shaan how do you balance side hustles while still outperforming at Twitch? (33:06) Who’s the worst person you admire? (39:29) Should you hire your friends? (44:19) Who can squat more weight? (44:40) What are the biggest insecurities, both of you struggle with? (48:30) Since covid is pretty much a thing of the past...when will the MFM meetup be? --------- --------- 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.

5 Huhti 202155min

#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies

#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies

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: 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 companies --------- --------- 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.

2 Huhti 202148min

#165 with Jack Butcher - Selling a $76m NFT, How to Research Wealthy People & How BitClout Went Viral

#165 with Jack Butcher - Selling a $76m NFT, How to Research Wealthy People & How BitClout Went Viral

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: 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 it pays to be early on new platforms (47:30) Jack explains why he's listing his art for sale for $76m (57:40) BitClout's incredible growth strategy (1:09:12) The reputational problem NFTs/Bitcoin/Bitcloud pose and are they just fads --------- --------- 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.

31 Maalis 20211h 20min

#164 with Ryan Begelman - BitClout Explained, How To Successfully Angel Invest & A Police Sting?

#164 with Ryan Begelman - BitClout Explained, How To Successfully Angel Invest & A Police Sting?

Want 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 and "entrepreneur-in-residence" (1:03:00) Why angel invest (1:21:40) Shaan is going to run a sting operation? Find Ryan at https://www.ryanbegelman.com/ --------- --------- 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.

26 Maalis 20211h 25min

#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral

#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral

Want 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 --------- --------- 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.

24 Maalis 20211h 16min

#162 - Why Clubhouse Will Fail

#162 - Why Clubhouse Will Fail

Want 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 How Shaan's tweet became a meme --------- --------- 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)

19 Maalis 20211h 1min

#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope

#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope

Want 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 52:40 Warren Buffett calls Bitcoin rat poison. Is he right? 1:01:30 How employees feel working at MicroStrategy 1:14:58 Shaan and Sam give their reactions to the interview --------- --------- 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)

17 Maalis 20211h 36min

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