My First Million

Billion Dollar Business Philosophies With Hubspot Co-Founder Dharmesh Shah

Jul 12, 2022

Dharmesh Shah, the co-founder and CTO of HubSpot, shares his entrepreneurial insights, emphasizing why a tough economy can be an ideal time to launch a business. He discusses creating a Wordle-inspired word game, exploring the intersection of various skills as a formula for success. Dharmesh also highlights innovative hiring strategies for startups and the importance of teamwork over individual gain. He delves into the blend of creativity and marketing during downturns, showing how challenges can lead to unique opportunities.

01:30:39

Episode guests

Dharmesh Shah

Highlights

AI Chapters

Episode notes

Skill vs. Talent in Career Development

00:52

What's the Best Way to Use Your Product?

05:10

The problems of chasing refunds and the illogicality of investing time

01:08

3 Key Types of People at Work: starters, completers, collaborators

00:55

Intro

2min

Renting vs. Owning: A Founder's Perspective on Home and Business

4min

Embracing Marketing Creativity Amid Economic Challenges

2min

Attracting Talent in a Competitive Market

8min

Building a High-Impact Startup Culture

4min

Embracing Unconventional Talent

12min

The Value of Time in Investment Decisions

3min

Creating a Word Game: Inspiration and Impact

3min

From Single Player to Multiplayer: The Evolution of a Word Game

4min

10.

Valuing Digital Projects and User Engagement Strategies

8min

11.

Elevating Word Games Through Tiered Challenges and Crypto Incentives

3min

12.

Investing Insights and Market Psychology

18min

13.

The Courage to Pursue Unconventional Ideas

5min

14.

Skill vs. Talent: The Power of Iteration

14min

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk to Co-Founder & CTO of HubSpot, Dharmesh Shah (@dharmesh), about why a bad economy is a good time to start a business, creating an alternative to Wordle, and the trillion dollar Venn diagram of success.

Also, want $5,000? Check out the My First Million Clips contest.

-----

Links:

* HubSpot

* Why to Start a Startup in a Bad Economy article

* WordPlay

* Maven writing course

* Shaan tweet about starting the next Pixar

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

* Want more insights like MFM? Check out Shaan's newsletter.

-----

Show Notes:

(02:10) - Why renting is better than owning

(25:20) - Framework for three types of employees

(35:05) - Why Dharmesh built WordPlay

(01:07:55) - Driving value through an intersection of skills (Trillion dollar Venn diagram)

(01:12:10) - Why Shaan is starting the next Pixar

-----

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.

-----

Additional episodes you might enjoy:

• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits

• #209 Gary Vaynerchuk - Why NFTS Are the Future

• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto

* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett

• #218 - Why You Should Take a Think Week Like Bill Gates

• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More

• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More