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

#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)

Episoder(819)

7 Brutal Questions for a $20B Founder

7 Brutal Questions for a $20B Founder

Get Sam's AI Executive Coach Playbook - his exact system for everything from revenue optimization to life decisions: https://clickhubspot.com/dhn Episode 778: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) talks to Brian Halligan ( https://x.com/bhalligan ) about the highs and lows of building HubSpot.  — Show Notes: (0:00) Are you happy? (2:57) Does it ever stop sucking? (5:18) Do you have imposter syndrome? (6:55) Were the trade offs worth it? (11:53) Is AI a bubble? (14:47) Do you have to be liked? (17:02) What would you do if you had to start over? (29:36) What did you get wrong? — Links: • Marketing Lessons From The Grateful Dead - https://tinyurl.com/ydmyh6f9  — 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 //

26 Des 44min

How to get rich with stocks (without math, charts or models)

How to get rich with stocks (without math, charts or models)

*Get Shaan's 4 money rules that took him from broke to $25M by 30:* https://clickhubspot.com/wrg Episode 777: Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talks to Chris Camillo ( https://x.com/ChrisCamillo ) about how he turned $20K into $60M using social arbitrage investing.  — Show Notes: (0:00) Intro (1:00) Turning $20K to $60M (5:30) Garage sale arbitrage (12:36) Observational investing (14:33) Bet: Beacon Roof (19:03) Bet: E.l.f (22:04) Trending on Twitter (29:00) Ticker Tags (31:55) Bet: Sphere in Las Vegas (36:48) Chris's first million (40:34) My biggest mistake (43:42) Bet: Palantir (46:58) Drawing down 40% of my net worth (51:49) $30M in one year (57:39) 2026 picks: Bloom Energy, Palantir, NVIDIA (1:02:06) Should regular people do this? (1:13:45) Bet: Private airfaire — Links: • Dumb Money Live - https://www.youtube.com/@DumbMoneyLive  • Unknown Market Wizards - https://www.amazon.com/Market-Wizards-traders-youve-never/dp/0857198696  • Bloom -  https://www.bloomenergy.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 Des 1h 21min

The 2025 Milly Awards!

The 2025 Milly Awards!

Get Steph's free Digits Database with 100+ generation-defining stats: https://clickhubspot.com/stm Episode 776: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) are joined by Steph Smith ( https://x.com/stephsmithio ) in this year’s LIVE Milly Awards.  — Show Notes: (0:00) Welcome to the 2025 Milly Awards (1:21) Best Investment of the Year (11:09) Worst Investment of the Year (20:30) Biggest Personal L (29:18) Billy of the Year (39:10) Coolest Moment of the Year (52:49) Frame-Breaking Person / Favorite Guest (1:25:38) Meme of the Year — 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 //

18 Des 1h 41min

25 Years of Business Advice in 27 Minutes

25 Years of Business Advice in 27 Minutes

Steal Ryan's entire operating system: https://clickhubspot.com/gmb Episode 775: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talk to Ryan Deiss ( https://x.com/ryandeiss ) about how to create systems that run your business without you.  — Show Notes: (0:00) “The More Valuable You Are, the Less Valuable the Company Is” (2:39) Before and After (3:38) Step 1: Establish Defaults (4:33) Step 2: Identify Constraints (6:34) Step 3: Business Process Mapping (8:47) Step 4: The High Output Team Canvas (12:15) How you might screw this up (common mistakes) (22:00) Scalable (24:27) Psychology of money — Links: • Scalable - https://scalable.co/https://scalable.co/ • Digital Marketer - https://www.digitalmarketer.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 //

15 Des 28min

Billionaire Lawyer spills his $250M side hustles (pick one)

Billionaire Lawyer spills his $250M side hustles (pick one)

Get the side hustle ideas database: https://clickhubspot.com/trm Episode 774: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talk to America’s richest lawyer John Morgan ( https://x.com/JohnMorganESQ ) about his fly-wheel side hustles.  — Show Notes: (0:00) Intro (2:08) Wonderworks (7:00) Alcatraz East ($5M/yr) (13:00) John's earliest hustles (17:11) Morgan & Morgan (29:48) The John Morgan School of Branding (33:30) Downtown Flavortown (37:55) WWGD - What would Google do (47:30) What John would chase today (48:58) The winning formula (52:05) Santa's Chocolate Factory (56:11) Malls (1:01:36) Bullets before bombs (1:02:13) “fish first, fish fast” — Links: • WonderWorks - https://www.wonderworksonline.com/  • Alcatraz East - https://www.alcatrazeast.com/  • Morgan and Morgan - https://www.forthepeople.com/  • Litify - https://www.litify.com/  • Practice Made Perfect - https://www.pmpmg.com/  • Mass Torts Made Perfect - https://mtmp.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 //

10 Des 1h 17min

if you didn't make progress in 2025, listen to the first 10 minutes

if you didn't make progress in 2025, listen to the first 10 minutes

Get Sam's guide to turn ChatGPT into your life coach: https://clickhubspot.com/hdp Episode 773: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talk about the systems you need to hit your goals, Shaan’s new unpaid side hustle, and how to be a better communicator.  — Show Notes: (0:00) 5-year journaling (2:09) The power of a good system (8;21) The power of reminders (10:38) Shaan's new career path (16:27) the 3 things that matter (27:38) high-standards (32:45) How to craft an earworms (42:42) giving back better (46:11) The voice in your head (50:26) Shaan talks to a ChatGPT coach about money (1:00:01) “VIdeo is the native tongue of the internet” — 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 Des 1h 15min

The (Improbable) Story of Savannah Bananas' Rise to a $1B Empire

The (Improbable) Story of Savannah Bananas' Rise to a $1B Empire

Get the free Side Hustle Ideas Database 👉 https://clickhubspot.com/nsv Episode 772: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talk to Jesse Cole ( https://x.com/YellowTuxJesse ) the owner of Savannah Bananas and creator of Banana Ball.  — Show Notes: (0:00) 200 fans, $260 in the bank (3:00) The team no one ever heard about (9:01) How to become an idea machine (13:30) Lessons from PT Barnum, Bill Veeck, Walt Disney (15:55) Surviving embarrassment (19:16) Rock bottom (23:34) Inside Jesse's creative process (27:00) Stealing from MrBeast (28:39( Jesse opens his idea book (32:00) Meeting Bob Iger (33:28) Identifying the chip on Jesse's shoulder (38:58) 11 principles (48:14) The 12-star experience (53:12) The sacrifice of extreme hard mode (58:08) Attracting vs recruiting — Links: • Savannah Bananas - https://thesavannahbananas.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 //

5 Des 1h 10min

3 Simple Businesses That Make Millions

3 Simple Businesses That Make Millions

Want to start a $1M side hustle? Get 100+ ideas here: https://clickhubspot.com/gbh Episode 771: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talk about simple business ideas that are making millions.  — Show Notes: (0:00) suckmyguttersclean (4:51) Hill BIlly of the Week (9:50) The MrBeast of roofing (16:02) Shaan gives his barber business advice (21:07) The positioning of Ari Emanuel (27:28) Barrett-Jackson auctions (29:41) The offline craving for content (39:56) Noise canceling products — Links: • Suck My Gutters Clean - https://www.suckmyguttersclean.com/  • Billy Bob Products - https://billybobproducts.com/ • Siua Cutz - https://www.instagram.com/siuacutz/  • Frieze - https://www.frieze.com/  • Barrett-Jackson - https://www.barrett-jackson.com/  • Museum of Ice Cream - https://www.museumoficecream.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 //

3 Des 47min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
kommentarer-fra-aftenposten
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
utbytte
tid-er-penger-en-podcast-med-peter-warren
pengesnakk
morgenkaffen-med-finansavisen
rss-markedspuls-2
stormkast-med-valebrokk-stordalen
livet-pa-veien-med-jan-erik-larssen
rss-fri-kontantstrom
rss-investering-gjort-enkelt
okonomiamatorene
paretopodden