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 /
#153 – Selling The Hustle for Millions: How The Hustle & Hubspot Deal Happened
Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Kieran Flanagan (@searchbrat) discuss: – Crafting the perfect cold email to catch Sam’s attention. – The grueling process of selling a company and how to do it right…
#152 with Trung Phan – Sam Talks About the Hubspot Deal & Ideas With Trung Phan
Sam Parr (@TheSamParr) and Trung Phan (@TrungTPhan) discuss: – How the HubSpot/The Hustle deal came about? – Why did Sam decide to sell? – What will be Sam’s biggest purchase now that he’s sold? –…
#151 – How To Go Viral, Grow Your Following & Tons of Ideas with Lambda School’s Trevor McKendrick
Shaan Puri (@ShaanVP), and Trevor McKendrick (@TrevMcKendrick) discuss: Shaan’s newsletter: shaanpuri.com The brainstorm session: – 2:14: Headshots are our avatars in the digital world: why do most suck? There might be an opportunity to fix…
#150 – Jason Calacanis Joins The Brainstorm To Talk Robinhood, Gambling and the Opportunities He’s Investing In
Shaan Puri (@ShaanVP), Sam Parr (@theSamParr), and Jason Calacanis (@jason) discuss: – The reason Jason gambles and how much he has made over the years – How Jason made the transition from being a journalist…
#149 – The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
Shaan Puri (@ShaanVP), Sam Parr (@theSamParr), and Immad Akhund (@immad) discuss: – How Shaan 3x his Twitter following in 2 months – The wild r/WallStreetBets trades and Shaan’s $100k bet – Immad brings his ideas:…
#148 with Jack Smith – How r/WallStreetBets is Beating Wall Street, Taboola’s Billion-dollar Payday, and How Grayscale is Printing Money
Shaan Puri (@ShaanVP), Sam Parr (@theSamParr), and Jack Smith (@_jacksmith) discuss: – Balaji Srinivasan on why people will have to hide their real identities in the future – How Silkroad was actually a well-run company…
#147 – How Sam Hacked Amazon’s Book Rankings, A $600m Exit, And Crypto with Brother Aaaron
Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) discuss: – Sam explains the origins of the QAnon movement – Could buying collectibles from infamous people work? – Romance stories are big business: Sam almost launched a…
#146 with Suleman “Suli” Ali – Voluntarily Selling Our Data, Creating The New Religion and A Fund Making Millions Shorting Pharma Companies
Shaan Puri (@ShaanVP) and Suleman “Suli” Ali (@sulemanali) discuss: – Creating a reputation database for people – Voluntarily selling your data to companies – Dealing with scammers – Creating a publically available org chart –…
#145 with Reed Duchscher – MrBeast’s Manager Joins the Brainstorm
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: – Who is Reed Duchscher – How does managing a YouTuber work – Who is MrBeast and how he got so big – Creating empires with celebrities…
#144 – Shaan’s Giving Away A Company, A Mysterious, Anonymous New App and The Most Gimmicky Marketing Thing The Guys Have Done
MFM Apex: https://joinapex.com/i/pwr8nk Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: – DTC smelling salts? – A mysterious, anonymous new app – Should you hide your real opinions? – The amazing story of Katalin Kariko…