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

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#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities

#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities

Today's ep is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! 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. Sam (@thesamparr) and Shaan (@shaanvp) are back this week to chat about Second order effects of covid-19 - find here: https://docs.google.com/document/d/17YkH4kc63t7JI7JJZR6i3-iebJd7kfRAzAK_ssl8bt4/edit?usp=sharing (1:04), RV rentals / Glamping (14:21), Art collections (22:54), Billionaire of the week: Mark Leonard of Constellation Software (27:57), Balance between prudent and excitement (38:04) and Group buying unlocking discounts (43:24).  See acast.com/privacy for privacy and opt-out information.

13 Touko 202055min

#73 - On-Demand Appliance Technicians, Credible Authority Businesses & Homesick Food Delivery

#73 - On-Demand Appliance Technicians, Credible Authority Businesses & Homesick Food Delivery

Sam (@thesamparr) and Shaan (@shaanvp) shoot the shit about Airbnb's layoffs (3:21), Sam's carnivore diet & Goldbelly.com (5:52), Lambda school for technicians (14:07), Credible authority businesses like Gartner and HBR (24:31), Is buying youtube channels really a good business? (35:22) and the art of storytelling (43:41).  See acast.com/privacy for privacy and opt-out information.

8 Touko 202046min

#72 with Sophia Amoruso - GIRLBOSS

#72 with Sophia Amoruso - GIRLBOSS

Today we hang out with Sophia Amoruso (@sophiaamoruso), founder of Nasty Gal & Girlboss. Her story is bananas. She is a community college dropout who created a company that at its peak was valued over $400M+. She has had highs (sold over 500k copies of her book) & lows (nasty gal eventually crumbled) and we talk about both. I was pretty blown away by her honesty. She wasn't trying to make herself sound good or look good (which ironically, made her sound/look great to me). We start with some fun topics like The Bachelor & her favorite cars she's owned (2:23), About her background and businesses (4:45), The story of Nasty Gal: $30m revenue, Index putting $50M investment and her selling life changing secondary (6:44), Expectations after raising venture capital (11:31), Starting conference businesses (15:54), Being a starter vs. operator (17:16), Downsides of being the CEO (20:52), How she got her book to sell 500K copies (24:54), Her investment portfolio of startups and funds (29:17), What's in store for her in the next 10 years? (32:45), Freemium vs Subscription for content (37:13), Opportunities and trends she's seen in the media + retail space (40:06) and Sam's great book recommendation with a horrible - How to Get Rich by Felix Dennis (43:27) Today's ep is possible because of Superside! Head to www.superside.com to hire a dedicated team of designers for your project!  See acast.com/privacy for privacy and opt-out information.

6 Touko 202047min

#71 with Nick Bare - Monthly vs Annual Subscription Billing, Fitness Events Post-COVID & Making Content To Build $10M+ Biz

#71 with Nick Bare - Monthly vs Annual Subscription Billing, Fitness Events Post-COVID & Making Content To Build $10M+ Biz

Today's ep is possible because of Superside! Head to superside.com to hire a dedicated team of designers! Sam (@thesamparr) and Shaan (@shaanvp) are joined today by entrepreneur and owner of BPN Fitness Nick Bare (@nickbarefitness) who started a suppliment company in his dorm room and built it from $20k to over 8 figures in revenue, alongside building a big online presence with over 400K subscribers. Today they talk about what are his products (0:32), Growing a youtube channel (5:24), Content or business first? (7:34), Does he spend money on marketing? (13:19), Fitness apps crushing it (19:29), Products people in the military use (31:01), Fastest growing segments of the fitness industry (34:12), AI used in fitness apps (37:51), Monthly or annual subscription billing? (40:54), His new book "25 hours a day" (48:58), Book in a box service (52:27), Shaan's biz idea for Nick's huge office (58:39), Endurance athletes and Ironman being a huge business (1:02:43), Audio fitness apps (1:05:39) and Fitness in a post-covid world (1:07:46).  See acast.com/privacy for privacy and opt-out information.

1 Touko 20201h 9min

#70 - Making Money In 48 Hours, Fat FIRE & How To Collect $2M

#70 - Making Money In 48 Hours, Fat FIRE & How To Collect $2M

Sam (@thesamparr) and Shaan (@shaanvp) discuss today Kanye West's billion-dollar shoe empire (3:59), /r/FatFIRE: Retire living a lavish life (10:36), Ways to generate passive income in 48 hours (23:03), Best interview questions they've been asked (33:01), Stupid D2C gimmicks making millions a week (39:37), Engaging with haters/trolls - someone owes their friend $2m (47:17) and Xprize.org but for enterprise (57:58)  See acast.com/privacy for privacy and opt-out information.

28 Huhti 20201h 7min

#69 - Paid News, Burning Money & Solving Climate Change

#69 - Paid News, Burning Money & Solving Climate Change

Today's ep is possible because of Superside! Head to superside.com to hire a dedicated team of designers! Sam (@thesamparr) and Shaan (@shaanvp) are back to talk about Burning money (0:36), Asia monetizing podcasts way better / paid news (3:23), Drudge report getting 1.1 billion visits a month?! (11:28), Neil Patel and where most enterprise revenue coming from maintenance (20:59), Book a YC team (29:17), Remote.com raising $11M seed (33:19), Attrition projection/modelling (37:52) and Yishan Wong solving climate change (41:08).  See acast.com/privacy for privacy and opt-out information.

25 Huhti 202048min

#68 - It's Time To Build, Founder Dating, MBA As A Service

#68 - It's Time To Build, Founder Dating, MBA As A Service

Sam (@thesamparr) and Shaan (@shaanvp) chilling on Zoom once again to talk about Marc Andreessen's new controverisal blog post titled "It's Time To Build" (3:54), On Deck - MBA As A Service (17:27), Founder Dating (27:35), Talking to Naval on ClubHouse (36:37), Oatley's Milk is bomb af (45:08), Fastgrants.org (51:31) and Shaan's Degenerate Crypto Trade (53:38)  See acast.com/privacy for privacy and opt-out information.

22 Huhti 20201h 12min

#67 - A Very Random Episode

#67 - A Very Random Episode

Sam (@thesamparr) and Shaan (@shaanvp) are back to chat about Thrasio Amazon FBA Rollup (4:11), what they like and don't like about the podcasting life (10:04), Sam's obsession with Bees (22:18), Comedian streaming platform (27:17), Carta CEO sharing his laying off message to staff publicly (32:27), Why journalists write about people they may hate (44:40) and haircuts at home (1:00:46)  See acast.com/privacy for privacy and opt-out information.

18 Huhti 20201h 6min

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