My First Million
Get our Resource Vault – a curated collection of pro-level business resources: https://clickhubspot.com/ebh
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
—
Links:
• Somewhere – https://somewhere.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 /
One Question Friday: How Do You Keep Your Imagination Alive?
Shaan Puri (@ShaanVP) answers one listener’s question: What are some tips and tricks that you do to keep your imagination, creativity alive, especially when you feel stuck or you don’t know what to do? To…
Patrick Campbell: The Billion $ Quilting Industry And Using Spy Secrets To Gain A Competitive Edge
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to Founder & CEO at ProfitWell, Patrick Campbell (@Patticus), about the billion dollar quilting industry, using spy secrets in business, buying cheap debt and a hostile takeover…
How to Reverse Engineer Any Business – From the Archive
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss the tools they use to reverse engineer businesses. Also, want $5,000? Check out the My First Million Clips contest. —– Links: * FirstVersions.com * TechCrunch * Wayback…
Flying First Class, Grant Cardone, and How Sam Enraged Goldman Sachs
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about why billionaires should really fly first class, the power of Grant Cardone, how Sam enraged Goldman Sachs, and more. Also, want $5,000? Check out the My…
Michael Girdley: Why Fireworks Are A Cash Cow and How to Operate a Holdco Worth $100 Million
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to tech investor and entrepreneur Michael Girdley (@girdley), about selling fireworks, how to hire great CEOs, and what it takes to operate a successful holding company. Also,…
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about the problem of over hiring (example FTX), party planning tips from entrepreneur Nick Gray’s new book, and one successful egg carton business. Also, want $5,000? Check…
Shaan Loses $700k In Crypto Crash And The Mentality of A Downturn
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about losing more than $700k in the crypto crash, the mentality of a downturn, and the crazy success of conferences. Also, want $5,000? Check out the My…
Colin & Samir: How To Make $1M+ On YouTube
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk with YouTube stars and content creator experts Samir Chaudry and Colin Rosenblum about how to become a successful YouTuber. Also, want $5,000? Check out the My First…
MFM Demo Day: 5 Startups Pitch Sam & Shaan and Raise $1.7M
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) with the help of Stonks.com , listen to five entrepreneurs pitch their business in hopes of getting Shaan and Sam to invest. —– Links: * 5x * Bacarai…
Lessons From Sam’s New Business Venture, High Stakes Gambling, and More
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about lessons learned from Sam’s new business venture, the money makers of online high stakes gambling and so much more. Also, want $5,000? Check out the My…