#191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks
My First Million16 Jun 2021

#191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks

Shaan (@ShaanVP) and Sam (@TheSamParr) talk with seed VC Mike Maples (@m2jr). Mike is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade due to notable investments like Twitter, Twitch, Lyft, and Okta. In this episode he talks about the four big trends he is excited about, the types of companies he likes to invest in, and why a startup isn’t a company. He shares a few of the mental models he uses at Floodgate to evaluate startups and shares the thoughts behind some of his unique turns of phrase. --------- * 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: * (1:02) – Debrief of the episode * (6:37) - Intro to Mike Maples * (9:02) - How Mike thinks about the next big thing * (11:00) – The 4 inflections Mike is excited about * (13:51) – Cloud Offices * (19:33) – A brief history of centralization & decentralization * (22:48) – Examples of software defined companies * (26:14) – A practical way to prepare for the future * (30:23) – How Mike thinks about investing in startups * (33:07) – Startup investing mental models * (37:39) – Mike’s take on "1 to n" businesses * (42:36) – Mike on Balaji * (47:11) – Mike on media companies * (49:49) – Force a choice, not a comparison * (54:46) – Mike’s information diet * (57:40) – Contact info & future topics

Episoder(824)

The Most Valuable Skill For Any Founder

The Most Valuable Skill For Any Founder

Episode 703: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to George Mack ( https://x.com/george__mack ) about high agency.  — Links: • Steal Sam's guide to turn ChatGPT into your Executive Coach: https://clickhubspot.com/wec • High Agency - https://www.highagency.com/  • Nick Mowbray episode - https://www.youtube.com/watch?v=4pHcxoZ0j9A  — 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 Mai 202558min

Brainstorming $10M+ business ideas with Jess Mah

Brainstorming $10M+ business ideas with Jess Mah

Steal Jess' Billion-Dollar Startup Playbook [for free]: https://clickhubspot.com/jhm Episode 702: Shaan Puri ( https://x.com/ShaanVP ) boards the private jet of Jess Mah ( https://x.com/jessicamah ) to brainstorm business ideas and talk about her process for vetting which ideas to jump on.  — Show Notes:  (0:00) Buying a jet (5:37) Barn full of horses (8:44) Business ideas matrix (11:06) Idea: DOGE as a service (13:30) Idea: Vertical agents (16:52) Idea: Cargo ship coating (21:26) Idea: Holy Health (25:07) Building a team with digital twins (28:46) Jess’s 0 - 1 framework (31:09) Worst advice from Silicon Valley (35:44) Find a starving crowd (37:55) Idea: Divorce.fund (38:36) Failures: Credboost (46:08) Ignorant of past, realistic of present, delulu of the future (49:58) Engineering serendipity (56:12) AI for medicine — Links: • Mahway - https://mahway.com/  • YC’s Request for Startups - https://www.ycombinator.com/rfs  — 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

2 Mai 20251h 3min

How Nick Saban’s Side Hustle Might Make Him a Billionaire

How Nick Saban’s Side Hustle Might Make Him a Billionaire

Episode 701: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about Nick Saban’s car dealership play, plus the most defensible ideas for AI startups.  — Show Notes:  (0:00) Car dealership billionaires (13:35) Local Maxima (17:07) Most defensible AI ideas right now 34:40) AI workflows for profitable newsletters (43:10) Spermracing  — Links: • Want to make $ with AI? Get the database here: https://clickhubspot.com/bfu • John Elway - https://www.elwaydealers.com/  • Lovable - https://lovable.dev/  • Replit - https://replit.com/ • Bolt - https://bolt.new/ — 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

28 Apr 202554min

5 under-the-radar trends (+ our business ideas)

5 under-the-radar trends (+ our business ideas)

Want to spot trends before they explode? Get the guide here: https://clickhubspot.com/wdv Episode 700: Sam Parr ( https://x.com/theSamParr ) talks to Steph Smith ( https://x.com/stephsmithio ) about business trends that are currently untapped and ripe for opportunity to build businesses around.  Use code "MFM" to get access to Steph's Internet Pipes - http://internetpipes.com/ — Show Notes:  (0:00) Trend 1: Hearing Loss (11:33) Trend 2: eVTOL (17:42) Trend 3: Psychedelics (24:26) Trend 4: New Job Skills (42:50) Trend5: Nature technology — Links: https://www.faa.gov/newsroom/new-rule-faa-ready-air-travel-future https://psychedelicalpha.com/data/psychedelic-laws https://x.com/stephsmithio/status/1877418726485799283 https://www.amazon.com/Immense-World-Animal-Senses-Reveal/dp/0593133234 https://asknature.org/ https://internetpipes.com/ https://mischiefusa.com/ https://clickhubspot.com/wdv — 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

24 Apr 202551min

The Board Game Billionaire: From a $10k Kickstarter to $100M/Year Business

The Board Game Billionaire: From a $10k Kickstarter to $100M/Year Business

Want your own $100M side project? Get our guide to win your first 100 customers: https://clickhubspot.com/wfp Episode 699: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Elan Lee ( https://x.com/elanlee ) about growing Exploding Kittens from a $10K Kickstarter campaign to $100M dollar company.  — Show Notes:  (0:00) Humble Success: Exploding Kittens Insights (8:07) The origin story - From 10k to $9M on kickstarter (16:17) Focus on the crowd, not the funding (20:41) Games should not be entertaining (23:52) The Kitty Test pilots (27:57) $0 marketing hacks (38:49) Pushing past the ‘no’ (41:07) Business as a game (45:32) Creativity loves constraints (54:28) Irritation is the source of innovation (59:13) Designing a game with Tim Ferriss (01:04:08) Do what never makes you bored — Links: • Exploding Kittens - https://www.explodingkittens.com/  • Paxsite - https://www.paxsite.com  • Elan on TikTok - https://www.tiktok.com/@mrelanlee  — 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

21 Apr 20251h 16min

Anti-Business Billionaires: Lessons from Steve Jobs, James Dyson, and Yvon Chouinard

Anti-Business Billionaires: Lessons from Steve Jobs, James Dyson, and Yvon Chouinard

Episode 698: Sam Parr ( https://x.com/theSamParr ) talks to David Senra ( https://x.com/FoundersPodcast ) about what qualities make an anti-business billionaire.  — Show Notes:  (0:00) High Level of Disagreeableness (9:02) Extreme Self-Confidence (12:55) Product Quality Obsessed (18:37) Retention of Total Control (27:28) Exit Strategy is Death — Links: • Steal Sam's guide to turn ChatGPT into your Executive Coach: https://clickhubspot.com/wcv • Play Nice But Win - https://tinyurl.com/uuwumk8d  • Creative Selection - https://tinyurl.com/bdz8f9ae  • Founders Podcast - https://www.founderspodcast.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

17 Apr 202542min

From making $6/week selling worms to making $110M+

From making $6/week selling worms to making $110M+

Episode 697: Shaan Puri ( https://x.com/ShaanVP ) sits down with James Currier ( https://x.com/JamesCurrier ) to talk about going from $0 to $110M through network effects.  — Show Notes:  (0:00) $0 to $1.6B (4:23) Your life on network effects (8:00) Savage founders (13:40) Speed (15:49) The art of unlearning (21:23) Technology window curves (30:29) Network Vampire attacks (37:37) Language first (43:15) Tickle (42:29) Finding a business bromance (58:47) James isolation mistake (1:01:27) Become an API (1:05:02) AI business ideas (1:16:07) What to do in your 20s (1:22:18) One world currency (1:32:16) Go to therapy — Links: • Steal Shaan's $20M Pitch Deck: https://clickhubspot.com/qrd • NFX - https://www.nfx.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 Apr 20251h 38min

Are tariffs good or bad for founders?

Are tariffs good or bad for founders?

💰 Steal Shaan's [free] Episode 696: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about what they’re doing about the tariffs.  — Show Notes:  (0:00) Intro (3:13) Tariffs (22:00) Medieval Times (27:48) Shaan's process for finding edges — Links: • Shaan's $20M Pitch Deck: https://clickhubspot.com/uve • Medieval Times - https://www.medievaltimes.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

11 Apr 202548min

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