AI transcript
0:00:06 all right sam why are we dressed so festive it’s casual friday baby it’s casual friday and the best
0:00:10 stuff is always in the group chat and these are the things that i sent in the group chat that i
0:00:13 wouldn’t post publicly but decided you know what is casual friday let’s air them out
0:00:25 all right can we do the first one the first one here it is okay this is a tweet from dylan dylan
0:00:31 says at long last any app can be your alarm app apple has finally introduced alarm kit this is at
0:00:36 the the apple announcement that happened this week that lets any app have the same privileges as the
0:00:42 clock app this is long overdue dylan you are absolutely right dude i did not understand this
0:00:47 is this a joke no this is real so basically you know like apple gives you certain permissions right
0:00:51 if you’re an app you can send push notifications you could use the camera you could use the gps
0:00:58 but for a long time no app could become your alarm app it couldn’t access the same features of an
0:01:03 alarm app which is like now any app you don’t just have to use the apple alarm app anybody could build
0:01:09 an app for alarm sounds i don’t understand yeah this does sound small so change my mind why is this
0:01:15 important so think about it this way there’s like two billion people with iphones and you know not every
0:01:20 app can address all two billion people but an alarm clock can basically address like a billion or two
0:01:27 people who actually have the need for an alarm clock so what happened was two weeks ago or you know a
0:01:33 week ago as an app developer you that was not a category you could be in and now it’s a category you
0:01:38 could be in where there’s a billion active users that might want your app and there’s been no creativity
0:01:45 and no innovation so like the app store has been out been out for you know 15 years now so a lot of
0:01:50 stuff is solved right camera apps are pretty good map apps pretty good with google maps and ways and
0:01:53 you know ride sharing apps there’s all kinds of apps and there’s been tons of innovation
0:01:59 but this has been basically artificially blocked wait really quick do you remember the the joke of
0:02:05 peter teal where he said you wanted flying cars but you got 190 characters like on twitter this isn’t even
0:02:12 140 140 this is the even worse version of that you wanted flying cars now you can make alarm apps you
0:02:18 wanted ai instead you got a snooze button by the way i met the guy who wrote that line for uh i didn’t
0:02:23 meet it but i i i found out who wrote that line for peter teal wait wait wait wait wait you met him
0:02:31 okay you you mistakenly said you met him versus you heard about i met a guy who was like that’s the guy
0:02:36 who wrote that that’s peter’s guy he he comes up with those and that was his job was basically follow
0:02:44 peter around listen to what he’s saying and then try to like transform his sentiment into something
0:02:49 really punchy and that guy came up with that line which became the basis for like founders fun and like
0:02:56 a rally cry that’s cool well tell him good job all right so check this out easy idea david goggins
0:03:01 would you like a million dollars because david goggins today should pay some kid to make the
0:03:08 alarm app that’s basically the david goggins skinned alarm app like i want to wake up with david goggins
0:03:14 just saying wake up bitch there’s miles to run and i just want to hear that when i wake up and not like
0:03:20 you know the default alarm sound for the for my phone are there uh when is this going live when when’s
0:03:26 this alarm kit thing so they did the developer preview that’s what wwdc is right they tell you
0:03:30 what’s possible and you can start building with it but it’s not like available yet to customers but it
0:03:34 usually i think it’s just like a couple months it’s like not not very long this is low-hanging fruit
0:03:39 my friend it’s a good idea it’s a good idea yeah this fruit that might just be on the ground actually
0:03:45 this might be rotting fruit i’m not entirely sure um all right next one we go by the way we’re
0:03:51 totally stealing this gimmick from our boys at tbpn shout out to john and jordy part of the
0:03:57 brotherhood but i gave them a shout out later on one of my one of my uh photos or tweets is from them
0:04:02 which is yeah they basically had the the true innovation in the podcasting industry of printing
0:04:07 out the tweets and uh we decided that we too shall now print out tweets but i’ve been doing five
0:04:12 twitters for a lot longer than those guys so i i think i’m okay all right uh this one comes from
0:04:18 chris bachy he says this is a chris bachy banger he says in 2022 mckenzie paid 55 million dollars
0:04:23 was paid 55 million dollars to advise warner brothers uh when they merged with discovery
0:04:31 they charged them 37 million by advising them to change hbo to hbo max then to max then back to hbo max
0:04:36 and in 2025 they billed them an additional 63 million again to determine that warner brothers and discovery
0:04:41 should be separate brands again did you see that mckenzie last week laid off uh 15 percent of their
0:04:48 staff because of ai because now like ai could do half the job or what uh is that why sure yeah for
0:04:53 sure this is this is absolutely insane what did you say you’re allergic to lack of common sense this is
0:04:58 ridiculous this is exactly the sort of lack of common sense i was talking about this tweet has 70 000
0:05:02 likes by the way i don’t know if you totally made up these numbers or if these are true but
0:05:09 directionally correct there were some good reactions to this greg greg tweeted don’t be the problem be the
0:05:16 solution that creates the problem that is my takeaway yeah it is pretty ridiculous have you ever had
0:05:21 friends that have worked at mckenzie yeah yeah uh my buddy romeen who i do a bunch of business stuff
0:05:27 with he was a former mckenzie guy they’re easy to make fun of because you’re like what does a 23 year
0:05:32 old know about business but like i have a friend that worked there and she had some pretty amazing like
0:05:39 basically a pe firm uh in her case identified like a bunch of dairy farms that they wanted to like roll
0:05:44 up and so they bought a bunch of them the pe firm did and then they hired mckenzie folks to come and
0:05:49 figure out how to make it more efficient and so she literally would go to iowa every single week for
0:05:54 about six months and devise interesting things like for example we’re going to change the bucket size that
0:05:58 we like use that the workers use like like really interesting things like have you seen landman
0:06:04 yes yeah when like the lawyer shows up on the like on the oil field and she’s like got her high heels
0:06:09 like stuck in the mud basically that’s what i’m imagining the mckenzie consultants showing up at the uh
0:06:13 the cattle farm it was kind of great it’s like i learned about this whole this whole experience she
0:06:18 had and there is value that is created from these consultants even though we like to make fun of them
0:06:22 have you did ramin actually work on anything interesting well they deserve to be made fun of
0:06:27 because they’re incredibly smart they get paid very well so you know that means you’re a punching bag
0:06:34 right yeah that’s basically the criteria for like oh it’s free game right it’s like what a nerd was in
0:06:39 middle school it’s like the opposite traits right like the person you could give a swirly to in in sort
0:06:45 of junior high would be like somebody who’s sort of weak and powerless but when you grow up you can’t
0:06:49 make fun of the weak and powerless you only make fun of the powerful and yeah so yeah ramin was like
0:06:53 this basically he would tell me things that they would do and i’m like oh that’s really smart i was
0:06:57 kind of hoping you guys were a bunch of idiots but actually that sounds pretty good but what i did come
0:07:02 away with was they have huge brains but small balls is generally like the person who stays in consulting
0:07:09 and that’s like uh which by the way that’s the definition of anxiety is when you’re uh the definition
0:07:14 of anxiety is when your uh brain is a lot bigger than your balls so that’s probably why there’s a
0:07:20 bunch of anxious consultants running around i like how you just i like how you’re just saying something
0:07:25 is the definition of it’s absolutely not the definition of and that’s hilarious i’m gonna start
0:07:31 doing that well well you know the root word of that and then you just make it up it’s not even the
0:07:36 root word all right we got a couple more reactions our boy ty lopez comes in comes in hot off the top
0:07:41 ropes a good gig you know it’s you know it’s a good scam when ty lopez is giving you giving you
0:07:47 respect oh these are all replies to that original one okay i didn’t even i wasn’t even following that
0:07:53 yeah we’re learning that’s insane and what about this one this is the consulting uh meme uh consulting
0:07:58 if you’re not a part of the solution there’s really good money to be made in prolonging the problem
0:08:05 there’s this thing that happens in sports that i’ve always wanted to be a part of business
0:08:09 so you know in the ufc how they have press conferences where they really talk shit about
0:08:13 each other and i’ve always felt like yeah it’s the best part and you know i wish business people would
0:08:17 do the same like i wish right now i’ve gone to the wars they’re awesome you’ve been to the press
0:08:22 conferences i’ve been one time i tried to sneak in when i ran the hustle like i would try to like get
0:08:25 i couldn’t get credit i was like let me see if i can get credential to this and they didn’t give it to
0:08:31 me and so i showed up anyway and they kicked me out so i i went like they made me walk to the back
0:08:35 and like sit with the crowd and i and i watched it yeah it was great they didn’t respect the hustle
0:08:40 as a newsletter as a media brand dude the the hustle is the worst name ever when you’re trying
0:08:48 to hustle someone like i was sure do you know what i mean it was just like some random security guard
0:08:54 my name is john scam hoping for you to tell me your coinbase password
0:09:01 it was the worst like the lady like giggled at me and it was like a it was a pathetic laugh it was
0:09:06 like it’s so no i got kicked out it did not work but if anyone’s listening who works at the ufc if
0:09:11 you and i could get credentialed to go to a ufc event and ask a question i would do that in a
0:09:17 heartbeat and i would take it incredibly seriously arguably too seriously might ruin the whole event
0:09:24 all right this episode is brought to you by hubspot they’re doing a big conference this is their big
0:09:29 one they do called inbound they have a ton of great speakers that are coming to san francisco
0:09:34 september 3rd to september 5th and it’s got a pretty incredible lineup they have comedians like
0:09:40 amy poehler they have dario from anthropic dark cash sean evans from hot ones and if you’re somebody
0:09:44 who’s in marketing or sales or ai and you just want to know what’s going on what’s coming next
0:09:48 it’s a great event to go to and hey guess what i’m going to be there you can go to inbound.com
0:09:54 slash register to get your ticket to inbound 2025 again september 3rd through 5th in san francisco
0:10:01 hope to see you there all right what’s what do you have next do the frank sleutman one oh okay this
0:10:05 is good this is related this is actually related to what i was just talking about so frank sleutman who
0:10:11 is the uh the man’s man ceos he’s the david goggins of the corporate world would you agree
0:10:16 yeah i mean he’s pretty baller uh he’s he kind of says it like it is for people don’t know he
0:10:21 took over he’s been a bunch of he’s ceo a bunch of companies but he took over at snowflake and he has
0:10:26 all these famous memos that he wrote on linkedin and it was basically like don’t be a bitch work hard
0:10:30 like that’s like how he summarizes everything yeah but it’s a little bit different so he’s got this book
0:10:35 called amp it up but if you really you could just read his blog post called amp it up and get 80 of
0:10:41 the the idea it’s not even just about working hard it’s like pick up the pace pick up the there’s his
0:10:46 basic point is that in every organization there’s an incredible amount of slack that’s just built up
0:10:54 it’s an expectation of timelines of rigor of of effort of everything and then another one of those is
0:10:59 common sense and like his approach is just to cut through all the bullshit and so he has this quote
0:11:02 where he’s like talking about the man in the you know that famous like man in the arena quote
0:11:08 yeah it’s kind of i i kind of think that uh that quote is super lame now it’s been hijacked by people
0:11:15 i don’t like i know chamath is what you’re saying yeah yeah was people a singular word
0:11:22 all right here we go so here’s what frank slutman says he says there’s lots of people in this world
0:11:28 who are not really in the arena they’re either observers consultants or agents or vcs that just provide
0:11:31 capital but there are some people who are in the arena they’re very special people and then he says
0:11:36 he talks about he was asked to speak at a business school where they always ask for his advice he
0:11:42 says you all have elite educations you’ll have many job offers paying you big bucks your parents and
0:11:47 siblings will be incredibly proud of you but they’re all consulting jobs for bain mckinsey and companies
0:11:51 like that you’re going to have an easy path to pretty quick earnings but you’ll never know whether you
0:11:58 have what it takes to actually build something new and roosevelt’s words you will be those cold and
0:12:04 timid souls who neither know victory nor defeat i had actually never read that part of the of the
0:12:08 quote and i thought that part’s way colder than the than the the rest of it you know what i mean
0:12:17 imagine saying this to a room full of stanford kids it’s like that’s i wonder what that what do you
0:12:21 think the reaction would have been like i think the reaction would have been like god he’s so right
0:12:26 after i finish up this first four-year tenure at mckenzie then i’m totally gonna do that i think
0:12:31 that’s the real the true reaction it’s like he’s so right i’m not actually gonna rescind the i’m not
0:12:35 actually withdraw the job offer i’m i’ll finish up i’m gonna make sure i get the first few years and
0:12:41 then i’m gonna go do that thing someday i’ve hung out with like my friends children or you know people
0:12:46 who are like in the uh applying to college age right now it’s way different than when we were
0:12:52 younger like when we were younger not going to college for a huge majority of people for anyone
0:12:57 that’s like a middle class on up it was like that wasn’t even a question now it definitely seems like
0:13:01 the smart people are saying i’m not sure what my i’m weighing my options i’m trying to look at all
0:13:06 that’s available have you noticed that no is that like and when you say that they’re thinking about
0:13:11 like trade school or dropping out or everything’s on the table yeah so for people are their parents
0:13:17 entrepreneurs or no the people people the people who i know it’s just like let’s say cousins and
0:13:22 nephews and things like that and they’re mostly like well to do or at least like have a household
0:13:26 income of two hundred thousand dollars and it’s basically like this and these are smart kids so
0:13:31 typically when we were younger sean the smart kids like always went to college now the smart kids
0:13:35 are like i’m not sure you know i i’ve been in contact with this company about just going getting an
0:13:40 internship right away right at 19 years old other people who are less of the academic like they’re
0:13:45 they’re not like the geniuses they are considering trade school and it’s not nearly looked like when
0:13:49 i was younger if you said you’re going to trade school it was like it was like uh is that like
0:13:56 punishment for getting in trouble do you know what i mean oh you’re dumb yeah now i think there is a
0:14:04 there is 100 a change in sentiment well that’s and i wonder i wonder if like this whole mbas are
0:14:08 dumb that’s a new feeling ish that’s like peter teal was the one who popularized that where he said for
0:14:14 he goes the valuation of your company take a million dollars off for every mba uh employee you have and
0:14:19 so now that’s popular and i wonder the mba people who are there now and who would hear something like
0:14:24 this how they feel if they acknowledge it or if they don’t right that peter teal quote is like how
0:14:29 that’s like my parenting style i’m like one more word one more word and we’re not going to the pool for
0:14:34 two days oh oh three days and i just keep going i’m just like if you say one more thing
0:14:41 and you lose a little bit more do you stick with it there’s all kinds of retrades dude i’m i’m trump
0:14:47 i’m trumping the china deal right now wait you let your kids trade i raise the tariffs
0:14:51 and then there’s a temporary pause for extenuating circumstances while we negotiate
0:14:56 and then we have some really good interactions and then we start thinking and then they come back again
0:15:00 and they do something you know they just throw their spaghetti on the floor and then we’re back
0:15:05 at 125 percent terror what age does punishment work because right now when they do something i say no
0:15:11 it’s just like they laugh at me they can start to understand like cause and effect or consequences
0:15:15 somewhere between two and three years old i think you start to get it at a very basic level but you also
0:15:22 have to time it so like if the kid is emotionally upset or is feeling something they’re not going to learn
0:15:26 the lesson in the moment or they’re having to fit whereas like i think as adults we’re like well this
0:15:31 is why and we’re trying to like explain the thing while they’re like you know having their meltdown it’s
0:15:36 like you have to have let the meltdown happen and then if you want to have a teaching moment it’s like
0:15:39 got to come after which is probably true for adults too but it’s like very obvious with kids
0:15:43 because they’re literally melting down i gotta figure this out because i yeah i’ve been trying
0:15:48 to like punish her not punish her be like no you can’t do this right and i just get laughed at um
0:15:56 all right read the next one so uh this is one of yours so it’s a david senra uh tweet he says
0:16:03 charlie munger told me flex charlie munger told me to read les schwab’s autobiography i’m glad i did
0:16:09 because les says things like this quote success in life is being a good husband a good father and you
0:16:15 end up being a second father to hundreds of other men and women last night i attended a wedding of a
0:16:21 young man from our office and the young man told me that two men had influenced his life his father
0:16:29 and me that’s worth more than money so this guy les schwab is amazing i haven’t completed his book but
0:16:32 i’m in the middle of reading it but let me tell you about this guy so go to the dumb question is less
0:16:39 so there’s charles schwab no relation okay he’s he’s he he was a hillbilly in oregon basically uh he was
0:16:46 like orphaned at the age of like 13 or 14 uh was like a plumber and then started a tire shop at the age
0:16:51 of 31 or 32 didn’t know anything about tires but started a tire shop eventually over the course of 50
0:16:57 years it grew into a multi-billion dollar operation and he’s famous for being really great at
0:17:02 incentivizing employees and he’s famous for being very good at managing and leading to the point where
0:17:07 warren buffett and charlie munger looked to stories for uh from him on how to properly lead and incentivize
0:17:14 and then go to the next slide look at what he looks like so he was a hillbilly uh he was uh he was a he
0:17:20 was like a from the streets type of guy i’ve been thinking about how i can describe these types of people
0:17:26 because i love them and i think the best way to describe it is small town grit with big number
0:17:31 swagger something like that like these guys that you and i love who are these like blue collar so
0:17:38 small town grit with big city swagger no with like big number swagger so it’s like these guys big city
0:17:44 right but what i mean is is that they’re like these kind of hillbillies who build these massive
0:17:49 companies and so they can they may like for example one of our friends kevin van trump is one of them
0:17:54 where you see this guy and he comes off or he’s like hey what’s going on brother i gotta write my
0:17:58 newsletter and like he like talks like this but like turns out he makes like 20 million dollars a year
0:18:03 and like the people who read his newsletter he’ll you know kevin’s this big guy from kansas city comes
0:18:10 off like like a hillbilly because he talks funny but his work is read by like world leaders and he makes
0:18:15 20 million dollars a year and in the background of his video zoom call is like a picasso so like i
0:18:20 love guys like this and this guy’s one of them so les schwab started a tire company he died in his 90s
0:18:24 but ran the company up until then grew to a multi-billion dollar organization and i want to go to the next
0:18:29 one i want to read he wrote the his own forward to the book and i highlighted my two favorite sentences
0:18:34 from the forward read that all right so it starts he just says this book is mainly written for the
0:18:40 2 000 families that make their living selling less swab tires and for the thousands of families to
0:18:44 follow in the next 20 30 40 years all right so he says this is what you highlighted i wrote this in
0:18:52 november and december of 1985 i did write this 100 with my 40 year old typewriter and then at the
0:18:58 bottom okay uh i do think jan nolan my right hand gal lorraine o’hara our word our word processing
0:19:02 operator for helping me correct misspelled words and helping me with punctuation i didn’t have a
0:19:08 gross writer i wanted it in my own words and then it says basically in this i’m going to pass on my
0:19:13 theories of business to our people and he says should we fail to follow these policies towards
0:19:19 customers and employees going forward i would prefer that my name be taken off the business and then it
0:19:24 ends with he basically says if you’re not interested in business this book will bore you and if i were you
0:19:28 i wouldn’t waste my time reading it how great is that how much of a simpleton am i that it’s just
0:19:37 here’s you want to win me here you go push me away that’s all it takes oh you think i won’t like this
0:19:45 book watch me read every word it’s called already buying a second copy treat them mean keep them keen
0:19:52 yeah that’s all you gotta do why am i so easy to manipulate how how beautiful is this guy uh so you
0:19:59 read this book is it like i’m in the middle of reading it yeah so far seven out of ten fine and
0:20:04 forgettable eight out of ten i’ll remember the big idea but that’s kind of it i didn’t need 300 pages
0:20:11 nine out of ten really enjoyed it good book ten out of ten i’m giving this book out as gifts where is it at
0:20:18 uh i’m only a quarter of the way through and it’s between an eight and a nine yeah an eight and a nine
0:20:25 yeah quite what’s the big idea so far he just treats people well and if you treat people well you get
0:20:30 rewarded in return so it’s it’s it’s it’s a very simple thing which is you said there’s a lack of
0:20:37 common sense he’s a very common sense rational person but often rational means cold and he is he is
0:20:42 rational warm oh warm rational okay that’s cool that’s a good insight because your start of your
0:20:45 answer was kind of boring but the end of your answer was fire there that was good so it’s sort of like
0:20:50 his original quote which was uh i went to i i became a father to all these people and i go to their
0:20:56 weddings and that makes me feel great that is a rational thing to say and and it is warm versus you
0:20:59 know what a mckinsey consultant would say which is it’s all just about these numbers on a spreadsheet
0:21:05 that is also rational but it’s rational cold yes so do you honest question do you think that you’re
0:21:08 you kind of are doing that do you think that you have that kind of like i’m a
0:21:15 a fatherly influence or a man influence on other men uh you know is that something you think is true
0:21:19 or take pride in are you like yes i need to double down on that from this podcast because like remember
0:21:23 when we were at this dinner or you weren’t there but i was at a dinner and i told you about it like
0:21:27 this guy came up you know at the end of the dinner he’s like hey sorry i wanted to say hi i saw you guys
0:21:30 over here i didn’t want to bother you but he’s like because i always ask people i say what you know
0:21:34 what do you really like about the potter like what is it you know what’s stood out to you or what’s
0:21:38 helped you and he was like he had basically mentioned he’s like me and my girlfriend got
0:21:43 pregnant we didn’t plan on that but hearing you and sam talk about like kind of how fun it is to
0:21:48 have kids and build your business and they’re not like either ors like kind of nudged me towards
0:21:52 deciding like you know we should keep this we should do this and i remember being like whoa that’s like
0:21:56 a lot of responsibility a lot of weight on the words that i didn’t really sort of think about
0:22:02 do you feel like that yeah i do i i think it’s hard to feel that way because if people knew how
0:22:06 we record this we’re just in our rooms like by ourselves talking to each other on a screen so
0:22:11 it’s hard to like feel a presence but i think i view this podcast as well as my company i view it
0:22:16 a little bit more as a a very tiny way to decide the life that i want to live with others and just
0:22:21 make that reality in my small corner of the world i also think that like i thought about like we are not
0:22:26 even remotely like this so i don’t even love saying it but like when lebron james or some famous
0:22:30 athlete does something bad and they’re like i didn’t sign up to be a role model i think about that all the time
0:22:34 where i’m like well i used to like tweet some something that was a little bit mean and i’m like
0:22:39 well i don’t care if this influences me this is just me this is this is just my opinion and then now i’m
0:22:43 like uh you know it holds a little bit of weight i want to make sure that i i’m right about it and not
0:22:48 hateful right right and you know the best thing that ever like the best thing about a podcast is that
0:22:52 it feels like i’m just talking to you and we’re just goofing off here and there’s only two of us
0:22:55 but like you know let’s say this episode on average these episodes get like you know
0:23:03 300 000 people listening to them i mean that’s bigger than the biggest college football stadiums
0:23:09 you know what i mean like if we if we were sitting in the 50 yard line and there was three stadiums
0:23:12 stacked on top of it’d be like almost three or four stadiums of people stacked on top of each other
0:23:18 do you know differently we would do this like it would suck i would i would be so nervous and thinking
0:23:24 about every word and the show would honestly suck if it was if it felt that way and so i think one of
0:23:28 the real blessings is that that’s not the case you don’t you don’t know it you’re blind to it we rarely
0:23:35 record in real life and one time that we did there was a uh the studio manager was a woman who was really
0:23:40 attractive and i noticed that one time one of us or maybe i forget who said something that made her
0:23:47 laugh and i was like oh that felt nice i want to i want to make you laugh again and then and then
0:23:52 she didn’t laugh and i was like that didn’t feel good and i started like performing really poorly
0:23:59 i’m like i can’t stand the the presence of one person let alone uh 300 000 in real life
0:24:06 that’s crazy all right next uh next story i want to show you did you see this did you see this tweet
0:24:11 no here’s what it says so this is from at restructuring which is a good it’s a good
0:24:15 account by the way do you follow this account no is this all about companies that have gone out of
0:24:21 business no it’s kind of like pe it’s like a pe uh type of account uh they treat private equity
0:24:27 type of stuff anyways oh we talked about this a while ago i believe didn’t we so i i think we
0:24:32 mentioned it but i didn’t i didn’t know the story so the headline here is man steals 122 million
0:24:38 dollars from facebook facebook and google simply by sending them random bills which they agreed to pay
0:24:44 why is that a crime why is that a crime exactly this the tweet here is this remains my favorite path to
0:24:50 wealth exploring exploiting the big company inefficiencies should not be illegal uh i agree
0:24:57 all’s fair love and war if you if i send you an invoice and you pay it am i at fault or you hold on
0:25:03 what’s going on here but there is a little more to the story so have you read about how this actually
0:25:11 worked no well wasn’t he like legitimately a vendor for them no no i think that was a little bit of the
0:25:18 problem okay so here’s the story so there’s a 50 year old dude the guy who’s in cuffs here and he
0:25:24 was impersonating a company so there was a company called quanta computer that’s a legit company that
0:25:30 was a vendor for facebook and google he sets up a company also called quanta computer but bases it out
0:25:36 of latvia and so he just copies the same company name the same logo but it’s incorporated in a different
0:25:41 country and he starts making fake invoices contracts letters corporate stamps corporate seals
0:25:49 and he’s sending these to facebook and google for over two years and he got paid out 122 million
0:25:56 dollars across the two companies so 98 million from facebook and 23 million from google they then
0:26:03 find him in latvia extradite him and here’s a great quote from the u.s attorney so the guy’s name i guess
0:26:09 it’s rima rima rima sowskis so rima sowskis thought he could hide behind a computer screen
0:26:14 halfway across the world while he conducted his fraudulent scheme but he has learned the arms of
0:26:22 the american justice system are long and he now faces time in a u.s prison dude how hard is this guy
0:26:30 this u.s attorney that’s amazing by the way i think he still made out good he had to give back
0:26:36 he had to forfeit 49 million and he had to pay another i think 26 million in restitution
0:26:41 that doesn’t add up to 122 million so he might have still made a bunch of money
0:26:47 what conversation do you have with your wife or you’re like so what do you do what do you do uh guy
0:26:50 you know what i mean today i kind of want to get him on the pod
0:26:59 jail pod a rare category of illegal but impressive no yeah yeah yeah yeah which like it’s like the
0:27:06 like the bernie madoff scheme not cool and impressive like uh you know what i’m wondering like i want to
0:27:11 learn more about it right right and if you judge us for saying impressive and illegal like do you like
0:27:17 oceans 11 because that those guys are right here rooting for the guys who are robbing uh anyways
0:27:24 this episode is brought to you by hubspot media they have a cool new podcast that’s for ai called
0:27:29 the next wave it’s by matt wolf and nathan lands and they’re basically talking about all the new tools
0:27:33 that are coming out how the landscape is changing what’s going on with ai tech so if you want to be
0:27:38 up to date on ai tech it’s a cool podcast you could check out listen to the next wave wherever you get
0:27:46 your podcast all right here we go so uh what else we got oh i i have uh something here on chat gpt have
0:27:53 you seen this okay so chat gpt’s product retention curves is a product manager’s wet dream their one
0:27:58 month retention has skyrocketed from less uh from less than 60 percent two years ago to an unprecedented
0:28:06 90 percent youtube was best in class with 85 percent six month retention is trending towards 80 percent
0:28:14 and rapidly rising generational product okay so this little line chart here if for people who don’t
0:28:19 really recognize this imagine when you’re at a hospital and they hook the patient up and you have
0:28:24 the heart monitor and you see that heartbeat that line and it’s got to keep beeping for the patient to
0:28:29 be good right and you have all these these monitors with these little lines well this is the equivalent of
0:28:34 that for a company so what this is is a retention curve so the the line at the very bottom here
0:28:40 would be like the oldest cohort so that’s like people who signed up for chat gpt two years ago and as you
0:28:45 can see it starts at 100 percent of people using it on day zero or month zero but then even by month one
0:28:51 it’s at 60 percent by month two only 55 percent are still using it and by the time you get to a year
0:28:56 you know less than it looks like 30 percent of people are still using the product so that means
0:29:01 more than two-thirds of people just stopped using it after they tried it and that’s the sign of a
0:29:06 product that won’t win as is because the bucket is too leaky you know you’re getting too many customers
0:29:11 in that are that are churning out they’re not finding value in the product and what this curve or
0:29:15 the other lines are are the next month the next month the next month and as they improve the product
0:29:21 you can see that the drop-offs are way less so now what he’s saying is that basically the one
0:29:26 month retention is now 90 percent so people are finding so much value the first month that they
0:29:32 use it that a month later 90 percent of them are still using it and so this is how this is like the
0:29:36 key metric for most businesses is retention that’s the thing that tells you if your business is going
0:29:41 to be around for a long time or if it’s just a leaky bucket and seeing this with chat gpt is pretty
0:29:48 stunning and it kind of leads into my next tweet here which is that open ai is now at 10 billion
0:29:55 in arr so that’s 2x since the end of 2024 so they basically doubled revenue from 5 billion to 10 billion
0:30:00 and it’s been less than three years since it launched so in less than three years they’ve grown
0:30:05 this product to 10 billion dollars in recurring revenue which is just stunning and it highlighted to
0:30:10 me one one very big takeaway from this which is that open ai is the facebook of this current
0:30:16 generation maybe more 20 years ago it was google and amazon were the big deal that was that was it
0:30:22 30 years ago it was like microsoft 20 years ago it was like google and amazon maybe 15 years ago or so
0:30:27 you know it was that was the facebook era and facebook was the thing that was like oh it’s a billion
0:30:32 dollar company a fit 10 billion dollar company and now it’s a trillion dollar company well the one right
0:30:38 is uh is open ai for the next decade it’s gonna we’re just gonna me and you are probably gonna look
0:30:42 at ourselves and be like how are we doing this podcast how are we looking at these tweets these
0:30:48 charts and just like why didn’t we go buy open ai stock like how dumb do we have to be like it was on
0:30:52 sarah’s list three years ago or something like that wait was it really did we talk about it then
0:30:56 maybe not three but two for sure like i think i think the very first uh sarah’s list episode we
0:31:01 probably had them on there and it’s like i was like what what kind of doofuses are we that we don’t
0:31:08 own any of this stock can can you own it yeah you can buy it in secondary i uh i had a buddy of mine
0:31:15 about two or three years ago he was at my house you know who this guy is and we were uh talking and
0:31:19 he was like yeah i have a job offer from neural link and open ai and i was like wow those are both
0:31:23 pretty promising what do you and he was like what should i do and we just had a conversation about
0:31:28 it and i didn’t know anything i mean at the time it was really hard like they’re both like run by
0:31:35 tycoons they’re both really interesting they’re both the hot startup and he chose open ai and he has made
0:31:42 so much money just in and to it like tens of millions of dollars in the in like two and a half or
0:31:48 three years just from being like the 1000th employee something like that like like nothing
0:31:55 like it it’s just astounding at how big this is what is his job is he uh he’s not like he’s kind
0:32:01 of like the rare ai phd type dudes right is he a pro is he a programmer is he a product person what
0:32:08 what’s this what’s the role product person yeah product person uh sorry sorry uh programmer he’s a
0:32:13 programmer okay massive difference uh yeah i was gonna say if you’re a product guy and you made
0:32:17 tens of millions of dollars opening eye how’s that even possible if you’re just like you know random
0:32:23 person engineers okay i guess i can see it you know you get a you get a stock package that’s worth
0:32:28 two million dollars over four years but you got it when opening eye was valued at 60 billion and now
0:32:34 it’s valued at 400 billion right so it’s it’s up you know 8x or something like that and so your
0:32:38 two million dollar stock package turned out to actually be a 16 million dollar stock package
0:32:44 it’s crazy that that’s a normal thing that happens that’s happened to like a thousand people right now
0:32:52 or more in uh like in a in a like 30 mile radius of where i live this was sort of an un we kind of like
0:32:58 glazed over this but basically uh harley from shopify was on the pod and he at one point they were worth
0:33:03 250 i think when we recorded with them they were with 150 billion dollars and it’s basically like
0:33:07 the hundredth largest company in the world right now which means it’s like the like the hundredth
0:33:13 largest company probably ever ever created it’s like around the like so every business ever created
0:33:19 it is the 100th most valuable which is which is astounding right that’s that’s an astounding number
0:33:25 to think that open ai is a lesson it’s a it’s a decade old or something like that company and it is
0:33:33 already like the 50th or 25th largest company ever created isn’t that astounding not even from
0:33:38 a like a product or the technology but literally how do you organize that like organize the people
0:33:43 who work there organize the investors just the organizational you know they say like uh just the
0:33:48 idea of like you know have you heard the stories about china building like a a fast railroad in like
0:33:54 you know six months like it’s it’s it’s it’s sort of fascinating like that it’s definitely the number
0:34:00 one most valuable non-profit ever is it still really a non-profit uh i think so and he said
0:34:05 they’re not gonna he also said they’re not gonna make a profit until they hit uh what did he say he
0:34:08 goes we can’t make a profit until we get to 10 billion in revenue or something remember my thing
0:34:13 earlier about like just push me away their investor thing which is like listen we have to put a cap
0:34:17 a hundred x cap on your returns because this is gonna get bananas so
0:34:25 dude that pitch the balls it takes to have that as your pitch which is like instead of promising
0:34:30 upside saying listen we’re gonna need to cap your upside because it’s gonna be so insane how much
0:34:33 value we create so i just need to make sure you’re okay with that
0:34:43 i’m gonna start using that just start using that formal formula in my life skip to the this elon one
0:34:47 yeah all right why don’t you frame this one up all right so uh
0:34:55 the uh breaking news president trump comments on elon musk’s apology i thought it was very nice that he
0:35:01 said that trump says and elon musk has a tweet that says i regret some of the posts about president
0:35:03 trump last week they went too far
0:35:11 insane this is insane you can’t do that and apologize right
0:35:19 there is you don’t apologize like dude if i called you a a a pedophile or a rapist
0:35:24 in front of literally the entire world right i can’t say i’m sorry
0:35:30 there’s no there’s no sorry big enough you’re saying dude what genghis khan doesn’t apologize
0:35:36 like when you do like can you imagine napoleon being like hey that one it went a little far
0:35:41 do you want to like shake it out like oh you’re saying conquerors can’t apologize that’s the take
0:35:49 that was a uh such a crazy thing to do and say and he tweeted it out uh very casually where he said
0:35:55 have a nice day donald trump like you know what i mean like it was so it was it was such a a dagger
0:35:59 you can’t apologize for that that i i don’t see how you can come back from that and i don’t see why you
0:36:06 would even try right well i could see why you would try which is like you know you well there’s no winners
0:36:11 at war basically is what what’s gonna happen here with these guys fighting but uh and then look at
0:36:18 the next one dude the the elon knows i love him no no hold on i’m open to rick reconciling with elon
0:36:23 after seeing his latest post elon knows i love him jd knows this too that’s just hilarious by the way i
0:36:28 don’t even know why that’s in there jd knows this too i give the best and biggest reconciliations
0:36:34 everybody knows this that is incredible i don’t even know if this is fake by the way this could totally
0:36:39 be a fake truth post because there’s nothing easier to fake than a truth social post because
0:36:43 nobody has nobody i know has an account on there and so you could just write anything and make me
0:36:49 tell me that he tweeted that and plus he’s he might say he might he could totally have said this uh but
0:36:55 dude how funny is this elon knows i love him jd knows this too what’s that i don’t know i think it’s
0:37:01 because uh jd was on uh theovan’s podcast talking about it i mean are they not talking day to day
0:37:07 and then he goes i give the biggest and best reconciliations dude it’s insane melania knows
0:37:07 this
0:37:17 it’s insane man it’s just crazy this is a reality show this is by the way we need to clip in you calling
0:37:21 this on the podcast that they would break up you were like how long do you give this and it was like a
0:37:25 couple months or something and i was like well i don’t know they’re both like pretty all in on each
0:37:29 other it seems like it’s gonna be really hard to it’d be really messy if they try to break this off
0:37:34 and you’re like rule number one from the 48 laws of power right is that what you were quoting you
0:37:41 were like never outshine the master yeah and i also said they’re gonna break up in june i said it’s
0:37:47 gonna only last until june wow frankly like what a waste of an incredible prediction yeah i mean it’s
0:37:53 like being the tallest midget like it’s not that interesting but like it was a very easy prediction
0:37:57 this was i we knew that it was gonna have they were gonna have a falling out and uh i had you know
0:38:03 a eight percent chance of guessing the month it was very predictable but i this was sort of one of those
0:38:09 moments where like i remember where i was when it happened when i saw that when i saw that tweet we were
0:38:17 my company had a meeting and everyone said oh my god it it it was pretty crazy how elon and trump fighting
0:38:23 it brought down the stock market did you see that yeah it was absolutely ridiculous that my
0:38:28 finances were impacted by this spat and i thought that i thought it was kind of funny it was a it was
0:38:31 a wild day the memes that day were incredible i think i tweeted that out i was like listen this is
0:38:36 a sad day for america but the content is outstanding right now let’s talk self-driving real quick so
0:38:42 self-driving cars are on fire in uh la they’re the rioters are beating up the self-driving cars not
0:38:47 sure exactly why but i like this one from andrew ackerman nodded at the waymo in downtown dc so it
0:38:57 would know i’m one of the good ones hey this episode is brought to you by mercury they’re the fintech of
0:39:03 choice for over 200 000 companies i myself use it for eight different companies the reason why we all
0:39:08 choose it is because it does everything you need under one roof so like my e-commerce company
0:39:11 it’s super important for us to be able to easily wire transfer pay all our different vendors and
0:39:15 suppliers all around the world and the old way with our you know more traditional bank uh that shall now
0:39:20 be named i try it online it would say no it would freeze my account then i’d have to go in book an
0:39:25 appointment speak to a specialist who try to upsell me on something i didn’t need and then finally after
0:39:30 you know 30 minutes there then they charge me 50 bucks for the pleasure of that terrible interaction
0:39:34 and now with mercury i just go online push two buttons and i’m done it’s such a seamless experience
0:39:38 it’s very intuitive everything’s under one place they basically took all the things any company would
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0:39:48 so highly highly recommend it if you’re not using mercury i question your judgment so that’s it you’ve
0:39:52 heard on my first million for more information check out mercury.com mercury is a financial
0:39:59 technology company not a bank check show notes for details have you developed a relationship with
0:40:05 your ai i mean i don’t like to say that but yeah like my voice changed on my chat gpt like the talking
0:40:10 voice and i had like i was like i felt uncomfortable talking to her because i had gotten close to the
0:40:20 other one so i had so i had to change it back and so he’s joking but not really right i mean this is
0:40:25 kind of like the uh sometimes i pray to god even though i don’t believe but just in case uh there’s
0:40:30 definitely an element of that with ai where i’m like i’m gonna say please and thank you you know just
0:40:37 in case just in case things get a little crazy have you taken away mo yeah they’re amazing have you
0:40:45 no they don’t have them in uh in connecticut it’s not exactly uh like the best place to try it out but
0:40:49 no i i i think they’re amazing everyone says they’re amazing go to that one go to the uh the
0:40:56 eric one i think this is like an inspirational one so check this out so uh i i met eric so eric eric’s
0:41:01 the ceo of a company called ramp which like has grown to like a six billion dollar valuation in like four or
0:41:08 five years and he was telling me about uh tp what is it what’s it called tbpn what’s it stand for the
0:41:13 tech bros podcast network i don’t know what that actually stands they tried to change it so it’s not
0:41:18 bro technology brothers i think it’s called like the business podcast and i think that’s what they
0:41:22 changed it but it’ll always be technology brothers to me go on so it’s this guy named jordy and john
0:41:27 coogan they’re fantastic they have this new podcast it’s more like a like a daily news show not even a
0:41:31 podcast but like a video show it’s not even a show it’s basically they do stuff but you don’t even
0:41:36 need to watch the show it’s all clips for twitter so it’s like twitter is like short shorts and clips
0:41:41 is what they what they make they’re hilarious and i was at eric’s office and i said what’s this and it
0:41:47 was a little booklet and apparently they had made like a 20 page book that they sent to potential
0:41:52 sponsors people they’re according to like you know be their sponsor and they wanted to get like a big
0:41:59 check and i turned the page and on one of them uh there was this this piece of copy uh in the deck and
0:42:05 it said our hope is that this partnership is the domino that bankrupts your competitors and
0:42:13 grants you a monopoly so powerful that you are dragged in front of congress and i read that line
0:42:20 and i was like that is the greatest opening line for a pitch deck that i’ve ever read it was fantastic
0:42:25 yeah and i read that line and uh i was joking with eric i’m like this is the greatest thing i’ve
0:42:29 ever read and and he he it made him giggle so i guess he shared that and it’s wonderful how good
0:42:37 is that dude they’re so good i love those guys also i have a funny eric story i met eric when i was in
0:42:45 college and we both got picked for this trip to go go to the alibaba headquarters so it was like a free
0:42:51 all expenses paid trip to china courtesy of jack ma for 50 of the top college entrepreneurs and i was on this
0:42:58 bus and eric was right next to me nice guy he’s kind of a baby-faced guy at the time i don’t know if he
0:43:02 still is you said you met him in person but yeah he’s like he’s like he doesn’t come off like a tycoon
0:43:09 like he comes off like very kind and warm yeah he’s lovely and uh at the time i think he was literally in
0:43:17 an mlm i’m not 100 sure but i’m pretty sure he was selling products that were part of a like a like
0:43:23 an mlm sort of scheme or or he was i don’t remember exactly like essential oils it was like as creams or
0:43:27 something like that and i i’m vaguely remembering this so i could totally be wrong sorry eric if i
0:43:33 got some of the details wrong but i swear if it’s not that it’s in the zip code and i just remember
0:43:37 thinking like oh this guy’s kind of cool he’s a hustler really nice guy uh i don’t know what he’s doing
0:43:42 with these you know whatever it was creams or whatever he was doing at the time and then i’ve
0:43:47 seen him build ramp and i’m like is that the dude from the bus in china who was trying to sell me
0:43:53 creams and uh it just goes to show anything is possible dude when i talked to him it was him and
0:43:59 his part it was like me david senra eric and then eric’s partner all in a room and we were just riffing
0:44:02 and then hanging out i was wanting to meet up with david because david’s a buddy of mine he goes hey i’m
0:44:06 going to be hanging out at ramp’s office if you just want to come and see me it’s right down the street
0:44:09 from your office so i go to see him and i walk in and it’s and it’s and it’s these guys and so it’s
0:44:15 pretty cool and the partner of uh co-founder of ramp kareem i think his name was he told me this story
0:44:22 he was like yeah like we had this idea and our goal was to get to a billion dollar valuation in 12 months
0:44:26 that was the goal and we did the math and we thought that was possible and i was flabbergasted i was like
0:44:34 what i was like did you hit it he goes no man we didn’t hit it it took like 18 months and uh and it was just
0:44:39 really cool to be in a room of people who thought like craziness like that and it actually worked
0:44:44 well you know what’s crazy you know uh i think they were a massive underdog when they started so if you
0:44:52 remember back when they were early brex was already out and early as well and brex was the san francisco
0:44:58 based company ramp is in new york brex had the yc network and connection they went through yc and they were
0:45:02 all the yc companies were kind of like you know yc is kind of like this network effect this little
0:45:07 mafia that they have that can kind of king make certain companies if you get enough momentum
0:45:14 and i just remember i would have bet like the odds bet the betting odds were that brex given those
0:45:18 advantages given that they’re the sf the tech tech focus one like really was is the new york startup
0:45:22 gonna beat the the silicon valley startup it didn’t really seem like that was usually the case and they
0:45:27 had ads everywhere brex did they were advertising everywhere they were a hot name they were nyc like they had a
0:45:31 lot of things that would have made you think they would be the winner here and ramp has thoroughly
0:45:37 kicked the shit out of brex uh they are worth way more and have done a much better job i use ramp it’s
0:45:41 a great you know great product so you know that is very impressive to me i think that that was that is
0:45:47 not how i would have guessed that that would have played out 100 i agree with you apparently the story
0:45:53 is that they ran a company called paribus which is something like uh you get rebates online so you buy
0:45:58 something and you can get like uh uh they help you find a deal and you get a little bit of money and
0:46:01 the brand saves a little bit of money something like that like you know something’s a hundred dollars
0:46:05 you pay 90 bucks and they give you a little bit of cash back whatever they sold the company after
0:46:12 three years for 40 or 50 million dollars and he was like it was nice like we like but we got a lot
0:46:18 wrong and when we sold it we sold it to capital one and in capital one we learned about the demand for
0:46:23 all these things and uh like the the demand for like a good bank account system a demand for all
0:46:29 these business services that people needed and we ran the math because we saw like how big capital one
0:46:32 was and we thought that we could build a billion dollar company in the first year if we did one or
0:46:37 two things right and it was amazing to hear that story that’s pretty cool we should get eric on that
0:46:41 would be well he should come on and tell the story i’m i’m working i’m working with them on it they
0:46:46 have this like huge like event they’re basically what they’re doing doesn’t sound like it would work but it’s
0:46:51 working so they’re like doing all this goodwill stuff sponsoring podcasts they have this huge office
0:46:56 that seats 300 people and they just host events there like these things where like people are like
0:47:01 oh but like what’s the attribution to that and it’s like i don’t know but it somehow it still works
0:47:10 right okay we got to do one uh here this is uh oh no hold on my my text is gone here but i have a uh
0:47:19 new segment sam rich guy house alert what happened all right i saw this tweet about some event it was
0:47:26 like a event i think for like san francisco like kind of like paul like set policy maybe and i was
0:47:29 like okay cool whatever hundreds of people went to this like san francisco policy thing and then somebody
0:47:34 goes but the tweet said uh overwhelmed with the standing room only crowd at gary tan’s house
0:47:39 and i just remember thinking gary tan’s house and i see this tweet that says this is gary tan’s house
0:47:45 big ass house dude gary tan told us he lived in a neighborhood of the city of san francisco
0:47:50 yeah so we’re gonna try to try not to dox him although he said he came in and he goes hell yeah it is my
0:47:57 house and this is the house so have you seen this it is a old church i remember that yeah across the street from
0:48:01 dollars park yeah exactly so so he lives at something here he owns this thing called the
0:48:07 lighthouse it’s a townhouse condo at a hundred year old restored church right across from dolores
0:48:11 four beds three beds but it’s got 30 foot ceilings crazy so look at this house dude wait
0:48:17 he lives there or is that like an event space he owns it i don’t know if he full-time lives there i
0:48:21 you know i don’t want to don’t want to comment on that but like how insane is this i’ve always by
0:48:24 the way i’ve always dreamed of doing this buying an old church these old churches have like sometimes
0:48:29 amazing locations and really like unique bones and structure i didn’t know you could convert
0:48:34 them to housing so this is kind of interesting here but dude how crazy is this house i remember
0:48:38 when this was for sale in san francisco it was i still live there and i remember it being for sale
0:48:43 and i remember there was a another person living there not living there it was like a rich it was
0:48:50 another rich guy who was using it for events and they put it for sale and i’m amazed that he bought
0:48:56 this this looks awesome oh my god look at this bedroom dude i don’t want in a steel cage i don’t
0:49:06 yeah i don’t i don’t want that you know if i was like brock lester or someone like really hardcore
0:49:09 like that looks cool but like
0:49:15 when you watch too much wwe you’re like okay hell in the cell bedroom
0:49:19 look i’m not a tough guy i’m not i’m not brock lester
0:49:26 i mean how hardcore is this bedroom dude this is amazing i love how he’s got like the plush carpet
0:49:31 right outside like a like a waiting room lobby before you enter the the bed the bed zone all right do we
0:49:39 want to do any more are we uh we out oh yeah two more i want to show you guys my my oldest bookmark
0:49:45 from the year 2018 in preparation for this podcast sam’s like cool let me just go look at my twitter
0:49:51 bookmarks and see what good tweets i have and you found this your first ever bookmark is this in 2018
0:50:02 what is this is this group of kenyan men uh the samburu men are describe this like you know because
0:50:05 there’s people who listen to this only on audio by the way if you’ve been listening to this on audio
0:50:10 the whole time please get to youtube please go to youtube and watch this because this is that this
0:50:14 whole thing works if you see the tweets do you remember that movie with kevin bank uh bacon where
0:50:19 he went to africa to play basketball and he found this like tribe of like really tall guys and they
0:50:23 would jump up and they would wear like like very traditional what you would think of like
0:50:28 an african tribes person wearing right they have their shirtless and they have like amazing beads and
0:50:33 and whatever and they have the red hair just like the guy in the movie that’s what this is it’s a group
0:50:39 of guys in kenya and the tweet says that these men are often considered to be the most stylish men
0:50:46 on the planet and uh it’s a photo of these guys and so look honestly agreed first of all the account is
0:50:52 it’s called at kenya picks is that an account you just follow yeah i love kenya because uh i’ve i
0:50:58 like i like runners and so my goal has always been to go to the rift valley which is this area of kenya
0:51:04 and see uh kenyan runners i’ve always admired like running and uh particularly there’s like this group
0:51:07 imagine like a suburb and like something like
0:51:16 90 percent of the distance gold medals have been won by this group of like 10 000 people
0:51:22 in kenya this and that’s always fascinates me and so i’ve always wanted to go and see these guys and uh
0:51:27 this is like nearby in that tribe and so then and then it just says hashtag international men’s day so
0:51:32 that was cool back when hashtags were a thing and then there’s also a picture of the guy jumping and he’s
0:51:37 guys easily five feet off the ground i don’t know how this is this photo this is incredible what is
0:51:42 this no i don’t i don’t know what that is i don’t know i i don’t know that much about kenya but it
0:51:48 looks dope to me should we wear this for next casual friday dude look how like yoked those guys are
0:51:53 i get made fun of for like commenting on people’s calves and like guys bodies but like these guys are
0:51:59 are just jacked right yeah yeah uh what about the theo von one let’s see the last one
0:52:07 because i actually think this is amazing so it’s a picture of theo von uh smiling like how my son
0:52:11 does when we try to get him to take a picture he’s with ivanka trump and who’s that jared right
0:52:18 yeah jared kushner and ivanka trump and he says uh y’all’s posture is so good
0:52:25 what the hell are y’all are y’all in spine club or something i’m built like a damn raccoon thanks for
0:52:33 the hospitality had a blast it’s pretty amazing dude you and i okay so when sean and i started
0:52:39 this podcast uh sean started it and then i joined a little bit later and i said do you like fighter
0:52:44 in the kid and sean was like i love fighter in the kid and fire in the kid is a not so much popular
0:52:50 podcast anymore but it was two guys brennan schaub and brian callen who would talk about ufc fighting
0:52:56 and their friend theo von would occasionally come on the pod he was just a guy he was a he was a character
0:53:02 on the pod and that slowly has developed into they had another pod together called king it and sting it
0:53:07 and he rose further and further and further dude look at him now he’s like he’s talking to the
0:53:13 president the vice president he’s hanging out with these guys how crazy of a career has theo had in
0:53:18 the last decade it’s amazing it’s his rise is pretty great i actually knew him from when he was on like
0:53:23 road rules 20 years ago like because i like real world road rules and the challenge and stuff like that
0:53:28 and so yeah it’s pretty wild to see kind of the the crazy growth but even more wild is this is what i
0:53:34 appreciate about this because this tweet it’s funny but do you know how hard it is as a man to put up
0:53:41 like a a kind of like a thank you post or congratulatory post but not be lame and theo did it you know what
0:53:46 i mean like think about what this post is this post is basically like had such a good time at brunch but
0:53:52 if you just posted that dude you know that’s the lamest thing that you could possibly do but to go with
0:53:58 this y’all’s posture is so good what the hell are y’all in spine club or something it’s just that’s how
0:54:04 it’s done and so i’m studying the art of how how how men can express themselves while still being still
0:54:07 being cool about it you know what i mean dude he’s the best he’s one of the few podcasts that i listened
0:54:12 to i listened to him and tim tim dylan have you listened to him and tim dylan i’m not a huge
0:54:17 tim dylan guy but it’s an acquired taste yeah yeah it’s very much an acquired taste it took me about
0:54:22 two years to get into him he’s uh it’s pretty raunchy uh it’s he’s these guys are like uh
0:54:28 my two favorite podcasters right now it’s pretty amazing how good they are all right that’s it that’s
0:54:47 all right so when my employees join hampton we have them do a whole bunch of onboarding stuff
0:54:52 but the most important thing that they do is they go through this thing i made called copy that copy
0:54:56 that is a thing that i made that teaches people how to write better and the reason this is important is
0:55:02 because at work or even just in life we communicate mostly via text right now whether we’re emailing
0:55:08 slacking blogging texting whatever most of the ways that we’re communicating is by the written word
0:55:12 and so i made this thing called copy that that’s guaranteed to make you write better you can check
0:55:18 it out copy that dot com i post every single person who leaves a review whether it’s good or bad i
0:55:22 post it on the website and you’re going to see a trend which is that this is a very very very simple
0:55:25 exercise something that’s so simple that they laugh at they think how is this going to actually
0:55:30 impact us and make us write better but i promise you it does you got to try it at copy that dot com
0:55:34 i guarantee it’s going to change the way you write again copy that dot com

Episode 718: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about stuff that hit the group chat this week.

Show Notes:

(0:00) Apple Just Unlocked a $1B App Idea

(04:13) McKinsey got $55M for This?

(10:28) Frank Slootman’s Ice-Cold Advice

(16:20) “Treat people well, and you’ll win.”

(24:41)  Man steals $122 million from Facebook and Google, 

(28:17)  ChatGPT’s $10B ARR retention curve

(34:58) Elon v. Trump Meltdown

(39:54) Ramp’s Monopolist Pitch Deck

(46:22) Rich Guy House Alert: Gary Tan Edition

(48:55) Sam’s First Ever Bookmark

Links:

Want Sam’s top 7 books for entrepreneurs (& his reading strategy)? Get it here: https://clickhubspot.com/kmb

• Apple AlarmKit announcement (WWDC) – https://developer.apple.com/wwdc23/ 

• Waymo Self-Driving Cars – https://waymo.com/ 

• Ramp (Eric Glyman’s company) – https://ramp.com/• Brex – https://www.brex.com/ 

• Amp It Up – https://tinyurl.com/5ak4ckux 

Les Schwab: Pride in Performancehttps://tinyurl.com/5ch39nrv • TBPN – https://www.youtube.com/@thebrospodcastnetwork 

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

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