My First Million

Jack Smith: Selling A Company For $800M At 29, Million Dollar Businesses that Can Be Started Just From Reading a Manual, and More

Jun 29, 2023

01:36:38

Snipd AI

Entrepreneur Jack Smith, who sold a company for $800M, discusses topics such as unconventional business ideas, the importance of reading manuals, unconventional baby naming, finding the right customers, and the effectiveness of supplements like Shillijat.

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Quick takeaways

Believing in the Law of Attraction and adopting a positive mindset can attract desired outcomes.

Identifying unique opportunities or gaps in the market can provide a competitive edge for a business.

Projecting confidence and belief in your goals increases the likelihood of positive outcomes.

Breaking free from negative beliefs and taking decisive action is crucial for success.

Deep dives

Law of Attraction and Practical Applications

The Law of Attraction is the belief that positive thoughts and intentions can manifest desired outcomes. I believe in the Law of Attraction because I have observed its practical applications. For example, I witnessed a friend who struggled to raise funding for his business due to a negative mindset. Once he shifted his mindset and adopted a more positive and determined outlook, he was able to successfully raise funding. This change in mindset affected how he projected himself, attracting potential investors who believed in his vision. The Law of Attraction is about more than just positive thinking; it involves taking action and projecting confidence and belief in order to attract desired outcomes.

The Viscous vs Virtuous Cycle

02:58

The Power of Belief and going all in

01:22

How Dave Ramsey's Router Business

01:28

Why Paying for Expert Advice is Worth It

01:59

Introduction

2min

Researching, Testing, and Challenging Conventional Wisdom

13min

Steph Smith, A16Z Podcast, and Unusual Activities

5min

Retreat Experience and Business Opportunities

15min

Mark Cuban's First Million and the Importance of Reading Manuals

29min

Unconventional Baby Naming

26min

Buckwheat Pillow, Finding the Right Customers, and Tracking Products

4min

Exploring the Mysterious Closet and the Remarkable Shillijat

2min

Episode 470: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to entrepreneur Jack Smith (@_jacksmith) about selling his company for $800 million, how he's choosing to raise his child, his latest business idea, and more.

Want to see more MFM? Subscribe to the MFM YouTube channel here.

Check Out Shaan's Stuff:

* Try Shepherd

* Shaan's Personal Assistant System

* Power Writing Course

* Daily Newsletter

Check Out Sam's Stuff:

* Hampton

* Ideation Bootcamp

* Copy That

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Show Notes:

(02:50) - Jack's first company

(08:25) - Early Retirement

(18:30) - Business Ideas: Nomad Capitalist

(26:30) - RTFM

(34:20) - Why You Should Hack the Apple Vision Pro

(40:25) - Law of Attraction

(01:04:30) - Baby stuff

(01:17:15) - Unschooling

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Links:

* Don't Tell Me I Can't: An Ambitious Homeschooler's Journey

* Nomad Capitalist

* Practical Law of Attraction

* Portugal Nature Getaway

* Tweet thread of Jack's favorite products

* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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