The Passionate Few The $235 Million "Mistake" That Made Me Rich! (Kim Perell Interview)
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In this episode, we sit down with Kim Perell — serial entrepreneur, bestselling author, and the mastermind behind multiple 8-figure exits including a $235 million acquisition. From getting fired at 22 to building and selling companies worth hundreds of millions, Kim reveals the exact mindset shifts and strategic frameworks that transformed her from rock bottom to the top 1% of entrepreneurs. She shares her "70% rule" for decision-making, the people pillars that every successful entrepreneur needs, and why 99% of success comes down to belief rather than strategy. Kim breaks down her journey from borrowing $10K from her 82-year-old grandmother to creating a business empire, and reveals the mistakes that actually made her millions along the way.
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Timestamps: 00:00:00 - Intro: Kim Perell on Mistakes That Made Millions 00:01:33 - What it feels like to get a $235M wire 00:03:12 - Selling her first company in Vegas 00:04:43 - Losing her dream job at 22 00:06:21 - Growing up with a twin & early comparison struggles 00:08:35 - How a childhood soccer loss shaped her mindset 00:11:05 - Early failures & limiting beliefs 00:13:05 - The power of belief and resilience 00:14:32 - What top performers have in common 00:15:55 - The turning point after losing her job 00:17:43 - Starting a company with $10K from grandma 00:19:31 - Moving to Hawaii & grinding from the kitchen table 00:21:45 - Early days of entrepreneurship — ramen, debt, and doubt 00:24:22 - Building her first team with zero money 00:26:01 - The 4 "People Pillars" every entrepreneur needs 00:28:04 - Why mentors are a cheat code to success 00:30:11 - Hiring and firing lessons from 1000+ employees 00:32:45 - Spotting A-players vs toxic hires 00:34:03 - Letting go of wrong people quickly 00:35:36 - Toxic relationships and how to do a "Life Audit" 00:38:01 - Tips for auditing your circle and setting boundaries 00:40:20 - Full-circle moment: paying back grandma after the exit 00:42:17 - Taking her grandma to Italy in a Ferrari 00:43:32 - The confidence shift after selling a company 00:44:52 - How to spot founders who win — vision, passion, action 00:47:01 - The 70% Rule: Ship it before it's perfect 00:48:37 - Perfectionism vs action: the biggest trap 00:50:04 - How to let go of control & scale with the right team 00:52:01 - The most important skill to scale — Sales or Recruiting? 00:53:55 - Why values drive company culture 00:55:31 - The difference between pivoting vs quitting 00:57:10 - 5 signs it's time to pivot your business 00:59:07 - Leaving room for magic — how Jay Shetty partnership began 01:00:31 - Making bets on people, not just ideas 01:01:42 - Her boldest move: investing millions of her own money 01:03:01 - People are always the problem (and the solution) 01:04:32 - Why passion beats skill in long-term hires 01:05:35 - Advice for stuck entrepreneurs 01:06:01 - First Things First Game + Kim's legacy 01:07:02 - Final Words: Start small. Start now. Go big.
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