My First Million

Latest Episodes:

#172 - Indie Businesses Making Millions, Advice to Young Entrepreneurs & How to Grow a Podcast Apr 19, 2021

Show notes

We start this one off with a little "Inside MFM" from Shaan (@ShaanVP) and Sam (@TheSamParr) as they discuss growing the pod and how they are going to do it. Then they break down the big news of the week: the Coinbase IPO. They talk about Coinbase's humble origins on HackerNews and how most big businesses have these same origins. It's often hard to see the big picture in the early days. They also talk about their own early days and give advice to young entrepreneurs. The second half of the pod turns into a brainstorm. They brainstorm around indie businesses like Microacquire and Photopea and how to build similar businesses. Finally, we end it by discussing the opportunities around "Affirm for X".

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* Support the pod by spreading the word, become a referrer here: refer.fm/million

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Show notes:

* (0:24) Growing the podcast: how we're going to do it

* (9:02) The guys break down the Coinbase IPO

* (20:25) Big businesses are often not apparent at the beginning

* (25:26) Advice for young entrepreneurs

* (33:55) Microacquire dissected

* (40:55) An indie project making million

* (52:17) Brainstorm "Affirm for X"

#171 - How to Generate Millions from Paid Events (Bootstrapped) Apr 16, 2021

Show notes

Shaan (@ShaanVP) and Sam (@TheSamParr) break down the events business step-by-step. Sam explains how he grew HustleCon from nothing into a powerhouse. Sam shares numbers and the techniques he used to generate sales and keep costs low. It's a masterclass on how to run an events business. The guys also discuss the "Billie of the Week" Sam Bankman-Fried, and how he became a billionaire at 29 from crypto. At the end, they brainstorm on the idea of "accountability coaching for X".

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* 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: 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.

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Show notes:

* (1:20) The amazing story of how Sam Bankman-Fried made his fortune by the age of 29

* (14:01) How a gambler beat Vegas and a kid took over the internet

* (22:27) Sam explains how to run and scale a profitable event step-by-step

* (47:07) Brainstorming on "accountability coaching for X"

#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions Apr 14, 2021

Show notes

Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Jake Paul (@JakePaul) and Geoffrey Woo (@geoffreywoo). The guys talk about Jake's upcoming fight with Ben Askren and a friendly wager Sam placed. We dive into business with Jake giving his take on the creator economy, why he's worth billions to the big platforms, and how Bitclout can play a role in all of it. He thinks he can be the next Jay-Z or Dr. Dre, bridging an entertainment career with a successful business one. He's already had a hit with Fanjoy, which he breaks down for us. Jake also talks about his investment philosophy, some of the companies he's investing in, and the areas he's most interested in at the moment.

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* 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: 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.

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Show notes:

* (2:32) Jake talks about his upcoming fight with Ben Askren

* (7:29) Jake and Geoff talk about his new fund and his investing philosophy

* (20:14) The business opportunities Jake's most interested in

* (30:41) The guys give their takes on Bitclout and the creator economy

* (40:05) Brainstorming with Jake

* (1:05:08) The guys debrief after the Jake Paul podcast

#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett Apr 09, 2021

Show notes

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: refer.fm/million

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Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) discuss:

* (5:35) Bradley Jacobs: the man who's built 5, billion dollar companies

* (28:28) Dan Gilbert: how he started with nothing, built Quicken Loans and eventually, an empire

* (41:30) What talking to Warren Buffett is like

* (1:00:07) How Andrew lost $10m

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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.

#168 - How to Reverse Engineer Businesses, The Indonesian King of Coal & the Story of Adida‪s‬ Apr 07, 2021

Show notes

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: refer.fm/million

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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss:

* (2:07) Jake Paul, Bill Clinton, the Pope and a Prince

* (13:30) TurnedYellow and the IP licensing business

* (22:42) Cronyism and the Indonesian King of Coal

* (33:48) "Business is the Art of Copying"

* (47:53) Are robo-pets the future?

* (53:33) The amazing story of the founding of Adidas

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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.

#167 - Answering Your Questions On Investments, Businesses and Life Apr 05, 2021

Show notes

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: refer.fm/million

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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) answer your questions:

(3:40) What are you both investing in?
(16:16) Please update us on your rolling fund. Is it what you expected? Are you more or less bullish on it?
(21:25) What do you not get a chance to talk about (either because it's off-topic/lower priority) that you wish you could?
(23:08) You guys are awesome at coming up with incredible ideas and knowing how to execute them. What would it take for one to pull you out of Twitch and want to pursue in full force?
(27:24) Shaan how do you balance side hustles while still outperforming at Twitch?
(33:06) Who’s the worst person you admire?
(39:29) Should you hire your friends?
(44:19) Who can squat more weight?
(44:40) What are the biggest insecurities, both of you struggle with?
(48:30) Since covid is pretty much a thing of the past...when will the MFM meetup be?

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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.

#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies Apr 02, 2021

Show notes

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: refer.fm/million

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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP):

(1:42) Chess.com is huge, what're other similar opportunities?
(9:23) Misspelled domain opportunities
(13:40) Sam's angel investing update
(18:55) Brainstorming "Opendoor for X"
(32:03) Franchising but for tech companies

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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.

#165 with Jack Butcher - Selling a $76m NFT, How to Research Wealthy People & How BitClout Went Viral Mar 31, 2021

Show notes

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: refer.fm/million

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Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Jack Butcher (@JackButcher) discuss:

(1:37) How Jack Butcher went from struggling founder to listing an NFT for $76m
(13:38) How Sam researches wealthy people and discovers profitable businesses in the process
(32:44) Why it pays to be early on new platforms
(47:30) Jack explains why he's listing his art for sale for $76m
(57:40) BitClout's incredible growth strategy
(1:09:12) The reputational problem NFTs/Bitcoin/Bitcloud pose and are they just fads

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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.

#164 with Ryan Begelman - BitClout Explained, How To Successfully Angel Invest & A Police Sting? Mar 26, 2021

Show notes

Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

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Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Ryan Begelman (@RyanBegelman) discuss:

(0:30) Shaan and Sam talk about getting blocked on Twitter
(6:50) A carbon offset credit card raises millions
(9:50) The guys talk about their angel strategies
(11:00) Ryan's guide to how he makes investments
(17:20) What is BitClout
(46:33) Family offices and "entrepreneur-in-residence"
(1:03:00) Why angel invest
(1:21:40) Shaan is going to run a sting operation?

Find Ryan at https://www.ryanbegelman.com/

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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.

#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral Mar 24, 2021

Show notes

Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss:

(3:38) Shaan talks about his CNBC appearance
(6:45) The opportunities and riches in Chrome plugins
(33:03) MFM is upping its social game
(37:34) Gumroad is raising at a $100m valuation -- crazy?
(49:55) Is studystream.live the future of remote studying?
(57:01) The post-show

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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.

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