My First Million We found the top 1% of the internet this week (so you don't have to)
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Jun 20, 2025 This week, a new app idea worth $1B from Apple is unveiled, promising to transform the alarm experience. McKinsey's hefty consulting fees spark a discussion on their real value, while inspiring tales from Frank Slootman challenge the status quo of hustle culture. ChatGPT's remarkable growth is analyzed, showcasing its impressive retention rates. The hosts also touch on a scandal involving a massive theft from tech giants, mix in humor about Elon and Trump, and spotlight the financial tech landscape as Ramp competes with Brex.
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Apple Unlocks Alarm App Market
- Apple’s new AlarmKit API opens the alarm app category to any developer.
- This creates a massive market opportunity with billions of iPhone users now reachable for innovative alarm apps.
McKinsey Consulting Critique
- McKinsey charged massive fees advising Warner Bros and Discovery with little impact.
- Consultants have value but also represent common sense lack and perceived overpaying.
Frank Slootman Challenges Elite Grads
- Frank Slootman challenges elite, educated graduates to build real companies, not just consult.
- He warns such jobs lead to being "cold and timid souls" missing true victory or defeat.
