My First Million - podcast cover

My First Million

Hubspot Mediawww.mfmpod.com
Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.

Episodes

#183 - How Course Businesses Work, How Irish Pubs as a Service is Making Millions & Profiting From Vacant Office Spaces

Shaan (@ShaanVP) and Sam (@TheSamParr) go in on the courses industry. They break down the different types of course business categories, how to build them, and how to grow them. Shaan also talks about a Twitter fight he got into that got him blocked. The guys finish the episode by brainstorming on ideas ranging from "a bar-in-a-box" to selling ice to capitalizing on real estate vacancies. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https:/...

May 19, 20211 hr 9 min

Greatest Hits #3 - Selling a Blog For $9m with Ramon van Meer

Shaan (@ShaanVP) interviews Ramon Van Meer (@ramonvanmeer) on his journey to selling his blog. Ramon has never seen a soap opera. Yet somehow, he built the most popular soap opera blog on the planet - and was raking in millions per year! Today's conversation is about how he got the idea and flipped a $49 WordPress theme into a multi-million dollar payday. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Suppo...

May 17, 202157 min

#182 - How an Astrology App Makes $10m+, Why a Boxing Announcer is Worth $400m & Creating a Personal Monopoly

Shaan (@ShaanVP) and Sam (@TheSamParr) talk about an astrology app that has been creating controversy throughout Silicon Valley -- Sanctuary. VCs have come out against the app as pseudoscience, but the guys question their logic. These kinds of apps go into the bucket of "me-businesses" or businesses that tell the user about themselves. So from there, the guys brainstorm on ideas within this framework. The second half of the episode is focused on "personal monopolies" -- the concept of creating a...

May 14, 20211 hr 4 min

#181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything

Virtual horse racing? That's right Shaan (@ShaanVP) and Sam (@TheSamParr) break down a virtual horse racing company doing millions. The company is so hot right now, Sam even tried investing but wasn't able to. They also talk about a company delivering testosterone right to your doorstep. We've talked about this business before, and Shaan even said it was one of the best ideas we've had on the pod. We also cover BeeRoll (Shaan thinks this can become a 9-figure company), Polymarket, and a bunch of...

May 13, 20211 hr 10 min

#180 with Furqan Rydhan - What it's Like Co-founding a $20B Company, Hardware for Mind Control & Vertical Farming

Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Furqan Rydhan (@FurqanR). Furqan was Shaan's CTO at Bebo and previously co-founded AppLovin -- a $20B+ company that recently went public. Shaan and Furqan host a weekly "Cool Sh!t Hour" between themselves to discuss the coolest innovations Furqan's seeing. We basically took that and made it into a podcast. Furqan talks about mind-control hardware, vertical farming, and a lot of interesting crypto projects. He also talks about what it was like ...

May 12, 20211 hr 40 min

Greatest Hits #2 - How to Build a $100 Million Deodorant Business Starting With Only $1,000

Shaan (@ShaanVP) talks to entrepreneur Moiz Ali (@moizali) on today's episode. Have you ever looked at the back of your deodorant stick and read the ingredients? Aluminum zirconium trichlorohydrex? PPG-14 Butyl Ether? Well, Moiz saw that and created Native, a natural deodorant without all the chemical junk. He built the company from his brother's dining table - doing sales, marketing, operations & customer service as a one-man-show. His hard work paid off, as he sold the company for $100M to...

May 10, 20211 hr 15 min

#179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes

With Endeavor's IPO, Shaan (@ShaanVP) and Sam (@TheSamParr) break down the UFC's numbers and how it got so profitable. Key to the whole thing: Dana White. He bought the UFC for $2m and turned it into a multi-billion empire. The guys also talk about the mental toughness of UFC fighters and how you can take some of these same principals and apply them to your life. They also talk about an interesting concept called no-loss lotteries and a company trying to save you taxes. --------- * Want to be fe...

May 07, 202155 minEp. 1

#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto

Shaan (@ShaanVP) and Sam (@TheSamParr) host Balaji (@balajis) this episode. This is an amazing dive into Balaji's mind. He talks about the current issues with the media and how he's hoping to fix it with crypto and the blockchain. We also get a look at how he views the world, what motivates him, what he's been wrong about as well as the massive shifts he sees happening. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/h...

May 05, 20212 hr 39 min

Greatest Hits #1 - Turning it Around: From Failure to a $100m+ Success

Suli Ali is one of the most interesting founders we’ve had on the pod. Suli and his brother Moiz have started and sold $300m worth of companies. They’ve also invested in hundreds of big-name startups, thousands of real estate deals, and much more more. He built small, silly apps. Like a Facebook app survey where you voted “most likely to wear a bunny costume”. Yet...it turned into a huge success. How? When he sold his first company, it was doing $85 million in revenue and $15 million in profit. ...

May 03, 20211 hr 23 min

#177 - How a City Tour is Making Millions, Selling Manhood & the Barstool for Tech

Shaan (@ShaanVP) and Sam (@TheSamParr) might have set a record with this episode in terms of ideas! We start with Shaan laying out his case for why a "Barstool for tech and business" would work and how it should be done. Sam pushed back a little bit but admits it's possible. The guys then talk about the booming software course business. Valuations are sky-high for some companies in this sector -- Shaan explains why. The guys also revisit internal media companies (they'll invest if you're doing i...

Apr 30, 20211 hr 16 min

#176 with Codie Sanchez - Buying Distressed Assets, Real Estate for Cheap & How to Network Like a Pro

Codie Sanchez (@Codie_Sanchez) joins Shaan (@ShaanVP) and Sam (@TheSamParr) for this brainstorm. Codie is all about businesses that cashflowing right away. She talks everything from buying distressed businesses to modular homes to buying real estate for pennies on the dollar. She doesn't shy away from controversial thoughts either: she lays out why angel investing is dumb and why public stock investing is as well. We end the episode with some great stories on "how to collect people" (basically n...

Apr 28, 20211 hr 2 min

#175 - Brainstorming Million Dollar Ideas with Elaine Zelby

Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Elaine Zelby (@ezelby) for this brainstorm. Elaine brings the heat with ideas for starting a Saas bundle company (Sam says this is easily a $10m business), creating the "adult manual", the SNOO for adults, subscription running shoes, and a bunch of alternative health business ideas. Not only do they bring ideas, but they also break down how to pull off these businesses. --------- * Want to be featured in a future episode? Drop your question/co...

Apr 26, 20211 hr 16 min

#174 with Andrew Wilkinson - How to Network with Billionaires, Andrew and Sam's Recent Investments, & A Better Investor Than Buffett

Sam (@theSamParr) is joined by Andrew (@awilkinson) to catch up. They spend the first half of the episode talking about the investments they've each made in 2021. Andrew then dives into a more obscure investment he made: a bakery! He explains it's more for fun than profit. Andrew also drops some great hacks: how he saves time on email and how he networks with billionaires. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/...

Apr 23, 20211 hr 31 min

#173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X"

Shaan (@ShaanVP) and Sam (@TheSamParr) dive deep into 75 Hard: what it is, who's behind it, and why it's so successful. From there they talk about a similar business: Beachbody. Beachbody does over $1B in sales, but the way they generate their profits will surprise you. The guys also brainstorm on "HackerNews for X" ideas and how to pull them off. Towards the end, Sam challenges Shaan on why he's running so many businesses and not focusing on just one. --------- * Want to be featured in a future...

Apr 21, 20211 hr 1 min

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

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 t...

Apr 19, 20211 hr 8 min

#171 - How to Generate Millions from Paid Events (Bootstrapped)

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". --------- * Want to...

Apr 16, 20211 hr 6 min

#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions

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 w...

Apr 14, 20211 hr 20 min

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

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 --------- --------- 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 Buffet...

Apr 09, 20211 hr 13 min

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

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 --------- --------- 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 ro...

Apr 07, 20211 hr 5 min

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

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 --------- --------- 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...

Apr 05, 202155 min

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

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 --------- --------- 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 ------...

Apr 02, 202149 min

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

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 --------- --------- 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 pa...

Mar 31, 20211 hr 20 min

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

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

Mar 26, 20211 hr 25 min

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

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

Mar 24, 20211 hr 17 min

#162 - Why Clubhouse Will Fail

Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: 0:45 Shaan breaks down why and how Clubhouse will fail (although he wishes it won't) 17:10 How to go viral and also improve your writing 27:07 How to win (and make millions) in the content game 36:22 How 'The Hustle' finds its talent 38:44 A simple startup idea with huge potential 50:38 How Shaan's...

Mar 19, 20211 hr 2 min

#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope

Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: 5:30 How Michael sells domain names for millions 23:19 Why Bitcoin is the solution to every company's treasury problems 37:34 How Michael forecasts the cost of capital 45:25 Why fixing MicroStrategy's balance sheet, fixed the whole business 51:28 What Michael's role at the company is today 52:40 Wa...

Mar 17, 20211 hr 37 min

#160 - Paid Communities Making $20m+ (and How to Build One), Fighting Inertia & An Interview With Dave Selinger of Deep Sentinel

MFM #160 The guys breakdown paid communities Why paid communities are good businesses: You can make them kinda fast (much faster if you have an audience) Fun to run if you like the interest Don’t need a lot of start-up capital and can have a lean team Quite profitable Cons: Churn can be high Likely can’t scale to me huge Won’t get better with size necessarily (if user content-driven, deal-driven, or otherwise, more can be better. If connection related, less is better) Seem challenging to sell if...

Mar 12, 20211 hr 29 min

#159 - Update on Michael Jordan's House, a Nine Figure Sex Toy Company & the Man with a Million Acres

MFM #159 MJ house update Recap: Last episode the guys spoke about buying MJ’s house. The plan was to potentially turn it into a museum or Airbnb. Problem: zoning and parking -- but those might be overcome Shaan: Spoke to Rally Rd and Nifty Gateway founders Now what: What's going to happen now? Sam thinks nothing’s going to happen -- the guys are too busy. Shaan: you’re afraid to fail Collecting old Apple computers Opportunity: Old Apple computers like the Macintosh II and Apple II sell for a pre...

Mar 10, 20211 hr 8 min

#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 w...

Mar 05, 20211 hr 4 min

#157 - Instagram Food Drops Making $200k a Week, Chrome Extensions That are Crushing It & Open Salaries

MFM #157 Rewarding hustle: MFM is hiring two kids to do video production because they took the job without permission. They heard Sam complain about needing a recording studio and offered to do the work https://twitter.com/DylanJardon/status/1366274333858017282?s=20. This is how you get the job you want. Don’t send a resume. Do the work instead. Don’t ask for permission. Food topics The food companies of Instagram: Companies mycookiedealer.com, 1-900-Ice-Cream, and Allie’s Banana Bread are crush...

Mar 03, 20211 hr
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast