My First Million

Sam and Shaan unpack Bill Ackman's dating advice, debating its relevance in today's world. They highlight an impressive young entrepreneur making $300K monthly from street interviews, driven by boldness. The duo shares insights on how to elevate small ideas into monumental visions, using inspiring examples from leaders like Elon Musk. They discuss the importance of patience and persistence in startups, and how keen observation can lead to success in various fields. Plus, they touch on the thrilling advancements in AI.

Shaan Puri, an entrepreneur and content creator, shares his journey to making his first million, including his highs and lows in various business ventures. He discusses the costly mistakes of launching a sushi restaurant and how he found quick success with a wristband dropshipping business. Shaan reveals how he built a high-school Fortnite esports league that led to a Twitch acquisition. He also shares insights on project selection, pivoting to creative work, and gives valuable advice for young entrepreneurs.

Sam Parr, an entrepreneur known for founding The Hustle and Hampton, shares his colorful journey through numerous businesses before striking it rich. He recounts flipping sports equipment, running a hot dog stand, and launching an online moonshine shop, detailing the lessons learned from each. Sam discusses the importance of persistence, project selection, and how gradual learning shaped his success. From failed roommate-matching ventures to creating the Anti-MBA Book Club, his stories illustrate the unpredictability and excitement of entrepreneurship.

Join entrepreneur Alex Hormozi, founder of Acquisition.com and expert in business scaling, as he dives into the art of hiring A+ talent. He shares insights on assessing general intelligence during interviews and the importance of creating frameworks for decision-making. Hormozi discusses the balance between patience and urgency in business growth and emphasizes the need for a partner mindset in top candidates. He also reveals how effective copywriting and understanding pain points can enhance persuasion and marketing strategies.

Discover the surprising benefits of doing nothing, as one host shares how time off transformed his perspective on leisure and family. Delve into the power of unscheduled time to enhance creativity and thinking. Explore the wisdom of Aristotle and Stoicism for modern life. Hear about innovative methods for writing concise, impactful books and the unique startup aiming to combat loneliness through travel. Finally, reflect on the importance of legacy, parental influence, and the overlooked value of belonging in today's world.

In this discussion, Andrew Wilkinson, a serial entrepreneur with a remarkable portfolio worth $300 million, shares insights on ranking business models for success by 2026. He delves into the pitfalls of multi-level marketing and the challenges of freelancing. Andrew ranks agencies and SaaS for their potential while warning about the harsh realities of restaurants and short-term rentals. He advocates for buying established companies over starting new ones and reflects on Tiny's origins, along with embracing criticism and pursuing varied passions.

Ryan Smith, founder of Qualtrics and majority owner of the Utah Jazz, shares his inspiring journey from a 1.9 GPA high school dropout to a billionaire entrepreneur. He talks about starting Qualtrics from scratch with his father and how a focus on universities accelerated their success. Smith reveals his unconventional sales techniques, the importance of deeply knowing your product, and an emotional decision to turn down a $500M offer. He also recounts the challenges and triumphs of buying the Utah Jazz, emphasizing community responsibility and his passion for basketball.

Cathie Wood, Founder and CEO of ARK Invest, shares her journey from humble beginnings at McDonald's to managing billions in tech investments. She dives into ARK's strategic bets on AI and discusses the 'most misunderstood stock' in the market. Cathie details the unique research techniques that set ARK apart and reflects on the firm's performance, particularly during market volatility. She argues for the importance of innovation and highlights Tesla's pivotal role in autonomous mobility, suggesting it will transform transportation far beyond ride-hailing.

This discussion dives into crucial insights for first-time CEOs. Learn why a founder's personal development directly affects company growth. Discover effective delegation strategies to avoid crises and the importance of clear role definitions using the RACI model. The hosts emphasize the value of addressing issues early and stacking small gains for major performance improvements. They also explore the significance of documenting company values and celebrating behaviors to reinforce culture, providing actionable tips for successful leadership.

In this discussion, Greg Isenberg, a product builder known for his focus on consumer and creator tools, shares five underrated AI tools that can help founders generate significant revenue. He reveals how Enhancer.ai can create realistic AI videos and explains the efficiency of Comet, an AI browser designed for research and candidate recruitment. Additionally, Greg talks about using Shortcut AI for innovative spreadsheet analysis, Reel.farm for automating TikTok content, and AI Apply for streamlining job applications. It's a treasure trove of practical insights!