How I Reverse Engineered A $100 Million Exit - Jason Lemkin
My First Million10 Huhti 2024

How I Reverse Engineered A $100 Million Exit - Jason Lemkin

Episode 571: Sam Parr (https://twitter.com/theSamParr) talks to Jason Lemkin (https://twitter.com/jasonlk ) talk about the 7 rules of building a $100M business. 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) Jason Lemkin’s first million (4:19) The rules of getting to a 9-figure exit (5:32) Rule 1: New minimum is $400K per employee (7:58) Rule 2: Go multi-product (9:40) Rule 3: Your second product must be bigger than your first product (11:05) Cheat code: Double your prices (13:48) Rule 4: 30% of your revenue is international (15:43) Rule 5: Localize your product (19:05) Cheat code: Remove friction (22:42) Rule 6: 100% net revenue retention (29:01) Business models that won’t get you there (33:38) $100M conferences (39:35) Rule 7: Don’t raise double digit millions — Links: • Saastr - https://www.saastr.com/ • HLTH - https://www.hlth.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

Jaksot(822)

#14 - The Bitcoin Believer

#14 - The Bitcoin Believer

Arianna Simpson (@AriannaSimpson) quit her comfortable job at Facebook to take a big bet on Bitcoin. She put over 50% of her net worth into Bitcoin back in 2014, and boy did it pay off. Now she's running a multi-million dollar hedge fund, is a renown speaker, and one of the most respected investors in cryptocurrency.  See acast.com/privacy for privacy and opt-out information.

25 Syys 201948min

#13 - He Made Millions From... Blankets, Bean Bags & Candles?

#13 - He Made Millions From... Blankets, Bean Bags & Candles?

John Fiorentino (@johnhfio) wants you to relax. And so far, its' working. He sold over $15 million worth of his product Gravity Blanket and Moon Pod. He talks to us about being broke, crashing on friends couches - to inventing and marketing the most popular blanket since the Snuggie, raising over $5 million on Kickstarter * why he thinks Silicon Valley is wasting too much time talking about tactics rather than focusing on making great products.  See acast.com/privacy for privacy and opt-out information.

18 Syys 201950min

#12 - The 1-800-GOT-JUNK Story

#12 - The 1-800-GOT-JUNK Story

Brian Scudamore (@BrianScudamore) is North America’s Junk Man. He turned a $700 pickup truck into one of the world's most successful franchises. Hear how he got started, got on Oprah, stumbled and almost killed his business, and the philosophies he uses to run his multimillion dollar junk empire!  See acast.com/privacy for privacy and opt-out information.

11 Syys 201949min

#11 - Clawing Back From $250K Debt at 20

#11 - Clawing Back From $250K Debt at 20

Aleks Svetski (@AleksSvetski) wanted to be a millionaire by 20... and he was on that path. He turned his $5K textbook money into more than $50,000 in the stock market! Until the 2008 global financial crisis hit... he didn't just lose all his money, he was negative quarter of a million. This setback ignited his entrepreneurial spirit where he started a door knocking hustle to get out his debt and make that cool million. Again, until the government betrayed his business and he went back to square one becoming a hippie on a sabbatical... and now he's back again with the lessons he's learned with his newfound passion: Bitcoin.  See acast.com/privacy for privacy and opt-out information.

4 Syys 201956min

#10 - Using $1k to Build $100M Deodorant Business

#10 - Using $1k to Build $100M Deodorant Business

Season 2 of The Hustle's podcast is here - and we're talking to Moiz Ali (@moizali). Have you ever looked at the back of your deodorant stick and read the ingredients? Aluminum zirconium trichlorohydrex? PPG-14 Butyl Ether? Well, Moiz saw that and created Native, a natural deodorant without all the chemical junk. He built the company from his brother's dining table - doing sales, marketing, operations & customer service as a one-man-show. His hard work paid off, as he sold the company for $100M to Proctor & Gamble just 2.5 years after it launched. Listen in to hear the backstory of how he started using just $1k, how the company almost died (twice), and how he negotiated a $100M sale of the business!   See acast.com/privacy for privacy and opt-out information.

28 Elo 20191h 10min

#9 - Bonus episode! Answering listener questions

#9 - Bonus episode! Answering listener questions

There's a lot of you out there and we (showrunners Shaan Puri - @ShaanVP & Ishan Haque - @IshanHaq) wanna spend some time chatting to you and answer some of your questions about the pod, your hustle and any other random Q's your dying to ask. Should we make this a weekly thing? Let us know your feedback and questions to be answered in next weeks potential episode through messaging us on Twitter, LinkedIn, Instagram or even Facebook.  See acast.com/privacy for privacy and opt-out information.

18 Elo 201934min

#8 - Real Estate: How The Wassermans Do What They Do

#8 - Real Estate: How The Wassermans Do What They Do

We have on Gelena (@gelenasays) & Keith Wasserman (@Keith_Wasserman), a husband and wife Real Estate duo who borrowed $5k during the end of the 2008 recession and have turned it into a $1.3 billion dollar portfolio. Learn how they create monthly income streams and sometimes double, triple or quadruple their equity from multi-family real estate.  See acast.com/privacy for privacy and opt-out information.

14 Elo 201957min

#7 - The Hippie With A Billion Dollars

#7 - The Hippie With A Billion Dollars

Michael Birch sold his social networking site to AOL for $850M....and then bought it back for $1M years later. (buy low, sell high. boys and girls). His business portfolio is impressive. He's an early investor in companies like Calm and Pinterest, owns two giant hotels, and bought a private island off of Richard Branson. Despite all that success, he's a down to earth guy, and in this podcast he talks through his early struggles and failed ideas before he had his billion dollar breakthrough and reminisces his days being head to head with Zuckerberg.   See acast.com/privacy for privacy and opt-out information.

7 Elo 201958min

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