My First Million #46 - Corporate Universities, Hotel Experiences & New Credit Cards with Lance Armstrong
Feb 15, 2020
Lance Armstrong, former pro cyclist and controversial figure, joins the conversation to share his insights on investing and the celebrity lifestyle. He discusses the evolution of corporate universities and the rise of experiential travel, particularly for cycling fans. The panel also dives into the challenges of investing in dying businesses and the impact of new credit card technologies on corporate training. Armstrong reflects on celebrity culture and the commercialization of fame, leaving listeners with a fresh take on the intersection of business and personal experiences.
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Audience Engagement
- Sam Parr advises podcasters to actively engage with their audience and fulfill promises made.
- This builds stronger relationships with listeners and encourages positive reviews.
The Student, Not the Guru
- Shaan Puri emphasizes the importance of continuous learning and avoiding the "guru" mindset.
- He believes in sharing interesting findings and research rather than presenting oneself as an expert with all the answers.
Brandless's Downfall
- Brandless' failure, despite a good premise, highlights the risk of raising too much money too early.
- Premature scaling before achieving product-market fit can lead to unmet expectations and business collapse.