#112 - Why Buying Businesses Is Better Than Starting Them and The Mad Genius of Kanye West
My First Million18 Sep 2020

#112 - Why Buying Businesses Is Better Than Starting Them and The Mad Genius of Kanye West

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) shoot the wind on today’s pod. In today’s episode you’ll hear: Sam asks Shaan what he’s learned about working at a big company and what he can apply to a smaller company (0:30), Shaan asks Sam about a personnel shuffle at The Hustle (9:00), the guys talk about a Kanye West tweet where he wants to create Y-Combinator for music (11:30), Sam and Shaan debate if a great domain name can make you (22:15), Sam and Shaan talk about the Snowflake IPO (29:55), Shaan shares a crazy conversation with a 20-year old multi-millionaire (37:00), the guys share how they learn from beginners and why you should too (43:10), Shaan talks about Bubble Hotels (48:30). Our sponsor today is lemon.io! They are offering a 15% discount for the first 6 weeks of work for all MFM fans. Go to Lemon.io/mfm to claim the offer! 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. See acast.com/privacy for privacy and opt-out information.

Avsnitt(785)

6 under-the-radar trends (+ our ideas)

6 under-the-radar trends (+ our ideas)

💰 Get the [free] Episode 688: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about 6 under-the-radar trends. — Show Notes:  (0:00) Intro (2:24) Short Drama Apps (13:55) Rucking (22:10) Plastic-free everything (31:58) "Nervous System Work" (41:46) Biohacking plants (46:48) AI Social Networks — Links: • ReelShort - https://www.reelshort.com/  • DramaBox - https://www.dramaboxdb.com/  • GORUCK - https://www.goruck.com/  • Ryker Clothing - https://rykerclothingco.com/  • AlphaFold - https://deepmind.google/technologies/alphafold/  • Ohalo - https://www.ohalo.com/  • Suno - https://suno.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

19 Mars 1h 6min

The high schooler making $20M a year

The high schooler making $20M a year

Episode 687: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Zach Yadegari ( https://x.com/zach_yadegari/ ), the high school kid who went from $0 - $20M in 10 months. — Show Notes:  (0:00) Intro (3:45) $0 - $20M in 10 months (17:12) Sold first business for $100K at 16 (20:42) Zach's Influencer marketing playbook (24:23) Being worth $30M at 18 (34:40) How to find problems to solve with AI (38:28) IDEA: AI journal (41:09) IDEA: iOS to Android project converter (44:01) IDEA: Remotely-configurable onboarding flows for mobile apps (47:05) Running away from home at age 10 (51:10) Being peerless (54:41) Who Zach admires (56:02) Gen Z trends (1:00:06) Aging out as a prodigy (1:06:43) Keeping a beginner's mind — Links: • Cal AI - https://www.calai.app/  • Totally Science - https://totallyscience.co/  • The Great CEO Within - https://tinyurl.com/4xuvr95m  • TurboLearn - https://www.turbolearn.ai/  • Fitness AI - https://www.fitnessai.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 Mars 1h 13min

2 Trends Hidden in Plain Sight (+ $1M ideas)

2 Trends Hidden in Plain Sight (+ $1M ideas)

Episode 686: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the two trends that could make you rich in the next 12 months. — Show Notes:  (0:00) Trend: Fleamarkets (20:03) Trend: True Crime (26:05) Business ideas brainstorm (43:52) Fyre Festival update (48:27) Shaan's dad's travel hacks — Links: • Brimfield Antique Flea Market - https://www.brimfieldantiquefleamarket.com/  • First Monday Trade Days - https://www.firstmondaycanton.com/  • Rosebowl Flea Market - https://www.instagram.com/rosebowl_fleamarket/?hl=en  • Goodwill Finds - https://www.goodwillfinds.com/  • MFM Vault - https://mfmvault.com/  • My Favorite Murder - https://www.myfavoritemurder.com/  • Hunt A Killer - https://www.huntakiller.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

14 Mars 54min

5 Conversations that broke our frames this week

5 Conversations that broke our frames this week

Episode 685: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the most interesting things they’ve found this week.  — Show Notes:  (0:00) Justin Caldbeck (8:02) Steve Houghton (20:15) James Currier (38:36) Furqan Rydhan — Links: • NFX - https://www.nfx.com/  • James Altucher - https://www.jamesaltucher.com/  • Agora - https://theagora.com/  • Sheel’s MFM episode - https://youtu.be/-HfUCbnapKo  • Digital Gold - https://tinyurl.com/5n6kvm8d  • Predictably Irrational - ​​https://tinyurl.com/4beh8axz  — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

12 Mars 1h 14min

How to win in ecom in 2025 (from a $200M/yr marketer)

How to win in ecom in 2025 (from a $200M/yr marketer)

Episode 684: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Sean Frank ( https://x.com/SeanEcom ) about his $200M ecom playbook.  — Show Notes:  (0:00) Sean's first million (8:35) $5M - $200M in 6 years (25:57) What people get wrong in ecom (30:33) Case study: HexClad (36:52) Fast-emerging trends (40:57) How to spot trends (44:54) Services-to-product playbook (51:47) Sean calls his shot (54:01) Winning at the trends game (59:01) Being outspoken on the internet — Links: • Operators Podcast - https://www.youtube.com/@Operators9  • Ridge - https://ridge.com/  • PostPilot - https://www.postpilot.com/  • LVMH - https://www.lvmh.com/en  • Tapestry - https://www.tapestry.com/  • HexClad - https://hexclad.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

10 Mars 1h 6min

The Greatest Mind Hacks in Marketing History (Craig Clemens Interview)

The Greatest Mind Hacks in Marketing History (Craig Clemens Interview)

Episode 683: Shaan Puri ( https://x.com/ShaanVP ) sits down with Craig Clemens ( https://x.com/craigclemens ) to talk about the greatest marketing lines in history.  — Show Notes:  (0:00) Intro (2:22) Does not contain an illegal sexual stimulant (9:09) 4-hour erection (10:56) Operators are standing by (15:17) They’re eating the cats (21:54) A diamond is forever (26:09) Buy these worms, catch more fish (30:26) Joseph Duveen (41:30) Every ‘no’ has a value (44:46) Be a consumer of ads — Links: • Golden Hippo - https://www.goldenhippo.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

6 Mars 51min

He launched a sweaty startup in high school. Now he'll be a millionaire by 18

He launched a sweaty startup in high school. Now he'll be a millionaire by 18

Episode 682: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to three high school founders about their biggest business problems.   — Show Notes:  (0:00) Intro (5:02) Sunshine Exteriors (29:16) Teens2Table (45:53) Totally Mums — Links: • Formidable Fellows - http://formidablefellowship.org/  • Sunshine Exteriors - https://www.hhpressurecleanings.com/  • Teens2Table - https://www.teens2table.com/  • Totally Mums - https://www.instagram.com/abigayle_lett  • “Getting Everything You Can Out of Everything You’ve Got” - https://tinyurl.com/4rb9z8jd  • How to Cold Email Like a Boss - https://copywritingcourse.com/heres-how-to-cold-email-like-a-boss/  • Gary Halbert Letter - https://swiped.co/file/famous-dollar-letter-by-gary-halbert/  • Sonith on X - https://x.com/sonith__/highlights  • NextDoor - https://nextdoor.com/  • 1-800-Got-Junk - https://www.1800gotjunk.com/  • “The Sweaty Startup” - https://tinyurl.com/2eftpkv6  • Quiet Light Brokerage - https://quietlight.com/  • Future Titans - https://www.youtube.com/@future_titans  — 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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

3 Mars 1h 11min

I Made $50M Buying & Running Boring Businesses

I Made $50M Buying & Running Boring Businesses

Episode 681: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Brent Beshore ( https://x.com/BrentBeshore ) about buying profitable businesses.  — Show Notes:  (0:00) $50K/yr to 9 figures (6:04) Accidentally buying a $1M business for $0 (11:06) Just In Time learning (14:11) Buying cash flow businesses (20:30) Private equity or index? (24:26) Buffett's near-death experience (32:54) How to buy your first small business (36:02) Brent's one-liner speed run (47:33) Shaan asks Brent how to hire a CEO — Links: • Permanent Equity - https://www.permanentequity.com/  • Enneagram Test - https://enneagramtest.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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

28 Feb 1h

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