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Episode 785: Shaan Puri ( https://x.com/ShaanVP ) talks to Nick Huber ( https://x.com/sweatystartup ) about the biggest bet he ever made and the mistakes he learned the hard way.
Email Nick@SweatyStartup.com to get hooked up with a pre-vetted salesperson, finance person or executive assistant.
Show Notes:
(0:00) Intro
(3:24) Breaking down Nick’s portfolio
(8:49) The deal structure and terms
(11:20) Fail: Buying a domain for $400K, killing out traffic
(12:24) Fail Elon bought twitter + I invited competition
(16:49) new owner syndrome
(18:43) How to hire overseas talent (10-min masterclass)
(27:18) Pieter Thiel’s Stanford class
(30:17) Suli’s brutal advice
(34:23) Holdcos is overrated
(36:04) The tortoise always wins
(38:52) one big thing
(47:25) Roofing
(51:07) Self-storage
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Links:
• Somewhere – https://somewhere.com/
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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
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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 /
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