#188 – What It’s Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11

Sam (@theSamParr) & Shaan (@ShaanVP) do a little Q&A in this episode. They talk about their financial goals, their romantic relationships, and what they would do if they were 21 again. They finish off the episode talking about the podcast growth, live events, and brainstorm a few ideas around community and sports you can do as you get older.

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Show notes:

* (1:19) – Intro

* (4:00) – The Twitter bio paradox

* (6:15) – Intro to Q&A

* (6:30) – Q1 – What’s it like to be rich?

* (11:51) – Q2 – What do you read/research outside business?

* (14:03) – Q3 – How did success influence your romantic relationships?

* (20:34) – Q4 – What pandemic behavior do you want to keep?

* (22:00) – Q5 – If you were 21 again, what would you be doing?

* (25:44) – Q6 – What’s your best purchase over $2K & best under $100?

* (27:52) – Podcast growth update

* (29:55) – On growth plateaus

* (32:47) – Live event update

* (34:53) – Community around the “neighborhood 7/11”

* (44:25) – The new golf

* (53:53) – Outro

Why I Got Sober (for entrepreneurs)

Sam (@theSamParr) gets real in this episode. He talks about his struggles with alcohol and the reasons why he is now sober. He shares 8 lessons he learned from his experiences. He ends the episode by answering questions he received on Twitter.

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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: 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.

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Show notes:

* (0:00) – Intro

* (3:56) – How it started – Sam’s background with alcohol

* (11:24) – The first turning point [oasis]

* (13:36) – Asking for help [university clinic]

* (14:49) – Going to California

* (17:41) – The second turning point [Joe Garvin]

* (20:07) – Getting help [SF Clinic]

* (23:13) – Coping while sober [eating sugar]

* (24:39) – What Sam has learned

* (25:46) – Lesson 1 – The inner game

* (27:26) – Lesson 2 – Being open

* (29:33) – Lesson 3 – Booze messes up your body

* (31:16) – Lesson 4 – Sober Sam = Attractive Sam

* (33:04) – Lesson 5 – Having fun while sober

* (35:14) – Lesson 6 – Intense realism

* (36:57) – Lesson 7 – Control your emotions, control your reality

* (37:17) – Lesson 8 – Saving $$$

* (37:58) – Q&A

Greatest Hits #4 – How To Sell Your Company for $750M – Meet Vungle’s Jack Smith

Jack Smith (@_jacksmith) is the most clever entrepreneur I know. He’s cofounded multiple startups: Vungle, Coin, Shyp. With Vungle recently selling for $750M, we talk about his early businesses as a kid, selling prank itching powder on the playground – all the way to his infamous “LinkedIn Hack” that got him his first $120k investment check.

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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: 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.

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Show notes:

* (1:05) Episode Intro by Sam

* (4:10) Who is Jack Smith?

* (9:30) How Jack hustled as a 12-year-old

* (13:55) Jack on productivity and procrastination

* (21:26) How Jack raised for Vungle

* (31:13) How Shaan got his in at Monkey Inferno

* (35:16) The early iterations of Vungle

* (41:37) How Jack leveraged his beginner’s mindset

* (45:19) Jack on VC norms & selling his stock

* (49:44) What Jack would do if he was 20 again

MFM Mini – How to Turn Any Bad Experience into a Good One

Shaan (@ShaanVP) talks about a powerful reframing technique that can be used to make any “2-star” experience a “5-star” experience. Shaan tells a story of how this technique was used perfectly. The truth is we can all choose the experience we want and manifest it.

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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: 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.

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#187 – How Vending Machines are Generating Millions, The Next Big Social App & Ghost Kitchens For Gifts

There are entrepreneurs quietly generating six figures working part-time in the vending machine business. Others have been able to scale to multi-million and even multi-billion-dollar figures in the industry. Shaan (@ShaanVP) and Sam (@TheSamParr) break down the vending machine industry with tons of numbers and exactly how some are pulling it off. The guys transition from a “boring” business to high-tech ones as they break down how Vimeo went from a College Humor project to competing with YouTube and earning an $8b valuation. They also talk about a trendy new pod that generated 500k downloads on its first day and they brainstorm on a fun concept: ghost kitchens for gifts.

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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: 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.

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Show notes:

* (5:55) How Vimeo became an $8b company

* (14:26) The next big social app?

* (25:45) The millions to be made in vending machines

* (41:35) Ghost kitchens for gifts

* (53:00) Post-podcast free talk

Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades

Trung Phan (@TrungTPhan) — lead writer for The Hustle — interviewed hedge fund legend Stanley Druckenmiller on May 11. Widely regarded as one of the greatest investors ever, Druckenmiller famously made $1 billion in a single trade shorting the British Pound in 1992. 

Sam (@theSamParr) has a brief intro chat with Trung before transitioning into the 40-minute Druckenmiller Q&A, which covers: 1) the parallels between now and the Dot-com bubble; 2) the appeal of Bitcoin; 3) the first Big Tech firm likely to reach a $5T valuation; 4) what makes a great investor; and 5) Druckenmiller’s investment in fintech startup Toggle AI (which set up the interview). 

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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: 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.

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Show notes:

* (8:25) Lessons from the Dot-com Bubble 

* (17:40) What’s the first Big Tech company likely to reach a $5T valuation? 

* (19:25) What’s the biggest risk to the equity markets? 

* (21:55) What are the long-term effects of the Wall Street Bets saga? 

* (24:20) How he uses Toggle AI in his investing process

* (26:50) What makes a great investor? 

* (35:20) What is the appeal of Bitcoin? 

* (42:20) His thoughts on Dogecoin 

* (44:20) Advice for 20-year olds 

#186 with Marc Lore – Brainstorming with Billionaire Marc Lore on What He Would Build Today and the Future of Ecommerce

Shaan (@ShaanVP) and Sam (@TheSamParr) talk with billionaire Marc Lore. Marc is an entrepreneur who started The Pitt, Diapers.com, and Jet.com. Collectively he has sold his companies for over $4B. Marc talks about his plans for his new NBA team, the Minnesota Timberwolves, which he bought alongside Alex Rodriguez. He talks about how he plans to run the team like he has always ran his companies. He talks about the importance of hiring the right people (and how to do it) and being well-capitalized. For the second half of the podcast, we jump straight into a brainstorm. Marc talks about the interesting companies he’s investing in as well as the ones he would like to exist. He even breaks down how he would go about creating a $100m e-commerce related company within the next 3 years

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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: 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.

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Show notes:

* (6:00) How Marc came to own the Timberwolves

* (15:28) How Marc Lore hires people

* (28:30) These are the companies Marc is investing now

* (37:40) How Marc decides which companies to start and how he goes about it

* (44:47) Where Marc thinks the future of e-commerce is going

* (55:17) How Marc would build a company to sell for $100m

* (1:00:27) Shaan and Sam debrief

#185 with Andrew Wilkinson – The Secretive Billionaire Who Acquired Burger King, Creating Better Babies & How Much Money is Enough?

Sam (@theSamParr) and Andrew (@awilkinson) break down billionaire Jorge Paulo Lemann. Lemann has built his fortune by acquiring consumer businesses and running them profitably by slashing costs. He famously sells all corporate jets when he acquires a company. The guys then get into a brainstorm on Andrew’s new media company, how to create healthier babies, and “health managers”.

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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: 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.

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Show notes:

* (4:05) Billie of the Week: Jorge Paulo Lemann

* (37:25) How Andrew is building a local media business empire

* (45:50) How to create a better baby

* (51:25) What is a “health manager”?

* (59:02) How much money is enough?

#184 – Making Millions Improving Mobility, How to Beat Linkedin & Why You’re Early Even When You’re Late

Canva is awesome, so why hasn’t anyone pulled off Canva for video? Shaan (@ShaanVP) and Sam (@TheSamParr) dive into the opportunities in this space and how a huge company can be built by making it easier to create videos. The guys then talk mobility. This is a huge market opportunity with companies like GOWOD and The Ready State making millions helping people improve their mobility. Next, the guys brainstorm on creating a better Linkedin and a few companies doing it.

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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: 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.

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Show notes:

* (11:42) Canva for video explained

* (24:25) Why we need super joints

* (39:37) The local Linkedin?

* (45:08) How to build a better Linkedin

* (1:00:03) Even when you’re late, you’re early

Emergency Podcast – I Just Lost $500k This Morning: Here’s a Framework for Dealing With a Crisis

Shaan (@shaanvp) talks about dealing with a crisis. He lost half a million in one day — here’s his mindset and how he dealt with it.

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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: 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.

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