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My First Million

Latest episodes

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Jul 2, 2021 • 55min

#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas

Shaan (@ShaanVP) and Sam (@theSamParr) are joined in this episode by serial Bitcoin entrepreneur Dan Held (@DanHeld). They talk about the Genesis block of Bitcoin, who Satoshi Nakamoto might really be, and the controversy around Tether. They end the episode talking about business ideas in the Crypto space and how to make money in the creator economy.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (:47) Intro to Dan Held* (3:01) How Dan got his first Bitcoin* (4:17) Will the real Satoshi please stand up* (9:31) Dan's Early Bitcoin days* (15:00) Ideas for the Bitcoin & Crypto space* (21:35) A new kind of private wealth manager* (24:43) The controversy around Tether* (31:28) Bitcoin security and multi-signature wallets* (36:31) Growth hacks to build your audience* (40:41) Monetizing in the creator economy* (46:44) Laser eyes and memes
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Jun 30, 2021 • 57min

#195 - A Discussion on Sam & Shaan's Recent Investments

Sam (@TheSamParr) and Shaan (@ShaanVP) provide a sneak peak into their portfolio on this episode, breaking down recent investments they've both made. For each deal they discussed the company, why they invested, why it can be good, and why it might not work. If you like this episode, Tweet Sam or Shaan if you want to see more of them.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (1:21) Intro* (2:40) AbstractOps (https://www.abstractops.com/)* (11:00) Jar (https://www.myjar.app/)* (21:01) Ruumr (https://www.ruumr.com/)* (30:50) 1Build (https://www.1build.com/)* (38:55) ConvertKit (https://convertkit.com/)* (45:00) World's Fair Co (https://worldsfairco.com/)* (52:35) Praxis (https://www.praxissociety.com/)
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Jun 28, 2021 • 41min

SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)

"Most people underestimate what you can do in 10 years".In this episode we give examples of great startups that took longer than you thought to build. Then, we give tactics on how to overcome this...how to keep going through years of hard work. This is a very special episode. Tweet Sam (@thesamparr) if you want to see more of them.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (1:02) Intro to episode* (5:56) Tim Westergren on Pandora's origins* (7:56) Sam's commentary* (10:48) Vlad Magdalin on Webflow's struggles* (12:44) Sam's commentary* (13:45) Steve Jobs on Passion* (14:27) Sam's commentary* (18:46) Tim Westergren's speech* (19:54) Sam's commentary* (20:52) What drove Vlad to keep trying* (22:13) Sam's commentary* (24:04) Chris Sacca on Travis Kalanick's competitiveness* (25:09) Sam's commentary* (26:43) A story about Travis' first business* (27:13) Sam's commentary* (29:19) Marc Cuban on focusing* (29:53) Sam's commentary* (34:21) What drives Chamath* (36:12) Episode close
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Jun 27, 2021 • 12min

MFM Mini - The Burrito Trick: How I Got My First 20 Customers

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Jun 25, 2021 • 1h 11min

#194 with Justin Mares - The 4 Types of Side Hustles and how to launch a $100M DTC brand

Justin Mares (@jwmares) joins Sam (@TheSamParr) and Shaan (@ShaanVP) on this episode. Justin breaks down his most popular blog post, the 4 types of side hustles, and brings all kinds of ideas for how you can start your own. They also talk about Justin's DTC businesses - Kettle & Fire, Perfect Keto, and Surely Wines. They end the episode with a few ideas around camping, a new dating app, and how to leverage VAs & no code tools.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (1:23) How Sam & Justin know each other* (5:17) Justin's DTC bone broth company* (10:00) Frameworks for side hustles* (13:22) Side Hustle 1: Buying an asset* (17:51) Side Hustle 2: Launching on top of a marketplace with demand* (22:08) Side Hustle 3: Unique product that grows through paid acquisition* (25:31) How Justin balances all his projects* (30:38) The $30K/year CGM experiment* (39:09) The skinny on Duck Duck Go* (42:32) Ideas: Airbnb camping* (45:27) Idea: Non alcoholic wine* (51:10) How to naturally boost your T levels* (1:01:04) Idea: Dating app based on your credit card usage* (1:03:49) Idea: The no code automation officer* (1:07:28) How to follow Justin
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Jun 23, 2021 • 1h 5min

#193 - How a $25 Million a Year Sweepstakes Business Works and Shaan Predicts the Future

Shaan (@ShaanVP) and Sam (@TheSamParr) go in depth on how the Sweepstakes industry works, and Sam shares how they would use sweepstakes to grow the Hustle. The guys also discuss a business friendly take on deep fakes, a no-chicken chicken nugget, and how options contacts could work for startup founders. They end the episode with a long segment where Shaan predicts what the next version of today's big companies will look like.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (1:20) Recap of episode * (6:36) Brick and mortar businesses* (10:45) Losing millions with shipping delays* (14:26) Oasis - a positive spin on deep fakes* (23:23) Multi-million dollar sweepstakes businesses* (36:39) How the Hustle thought about user acquisition* (41:12) The chicken-free chicken nugget* (44:09) Options contracts for startups* (50:16) The Future: Shaan gazes into a crystal ball* (51:13) The Future: Apple* (51:56) The Future: Facebook* (53:23) The Future: Amazon* (54:31) The Future: 7/11* (55:28) The Future: Netflix* (56:55) The Future: Pornhub* (57:53) The Future: Domino's* (59:30) Episode close
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Jun 21, 2021 • 1h 15min

Greatest Hits #6 - Sam Tells All, Again - Selling for 10s of Millions after Making Millions with an Email Newsletter

On this episode, Sam (@theSamParr) gives an update on an earlier episode with one of our most popular guests, himself. Sam revisits what he said almost 2 years during Episode 3, and shares 18 updates on how he currently thinks about those same topics now.Sam Parr (@theSamParr) is the founder of The Hustle - a simple email newsletter that has surpassed 1M daily subscribers and will be north of 8 figures this year. Sam walks us through how he built The Hustle from scratch as well as his adventures starting a hot dog stand, selling booze on the internet, meeting celebrities on the street and convincing them to hire him and how he would get rich if he was 21 again!---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Sam's commentary:* (1:02) Sam intro commentary* (7:41) Sam commentary 2* (13:56) Sam commentary 3* (20:07) Sam commentary 4* (25:14) Sam commentary 5* (39:46) Sam commentary 6* (42:52) Sam commentary 7* (45:16) Sam commentary 8* (47:33) Sam commentary 9* (49:06) Sam commentary 10* (53:18) Sam commentary 11* (54:43) Sam commentary 12* (58:07) Sam commentary 13* (1:05:42) Sam commentary 14* (1:06:06) Sam commentary 15* (1:07:37) Sam commentary 16* (1:09:29) Sam commentary 17* (1:12:32) Sam final commentary
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Jun 20, 2021 • 7min

MFM Mini - Stop Living Hour-to-Hour

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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Jun 18, 2021 • 1h 8min

#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes

Shaan (@ShaanVP) and Sam (@TheSamParr) break down the greeting card industry. They talk about digital cards and the staying power of card subscriptions, a new way to send gifts over social, and Shaan shares a story about his roots as a business operator. They discuss a subscription business for expecting mothers and Shaan shares an interesting story about the FBI. The end of the episode they talk about a little known Billy of the week.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (1:23) Recap of episode * (2:54) Making billions with greeting cards* (5:46) Segue: how the podcast changed Shaan's brain* (8:51) Back to greeting cards* (9:56) Making millions for decades at birthdayalarm.com* (15:54) Givingli & Hooked * (18:39) Thoughts on the Pro Republic article* (25:28) The subscription for expecting mothers* (34:20) Outpacing the S&P with the anti-Galloway Index* (37:33) The secret FBI crackdown on criminals* (40:51) The growth of privacy focused apps* (43:20) Recapping the genius of Mike Maples* (48:35) Technology at Chick-fil-a* (54:53) McKinsey for tech consulting* (56:55) Consensys* (59:27) The Gordon Bombay of crypto* (1:04:19) The hypothetical invisible medium that permeates the universe
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Jun 16, 2021 • 1h 5min

#191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks

Shaan (@ShaanVP) and Sam (@TheSamParr) talk with seed VC Mike Maples (@m2jr). Mike is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade due to notable investments like Twitter, Twitch, Lyft, and Okta. In this episode he talks about the four big trends he is excited about, the types of companies he likes to invest in, and why a startup isn’t a company. He shares a few of the mental models he uses at Floodgate to evaluate startups and shares the thoughts behind some of his unique turns of phrase.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.---------Show notes:* (1:02) – Debrief of the episode* (6:37) - Intro to Mike Maples* (9:02) - How Mike thinks about the next big thing* (11:00) – The 4 inflections Mike is excited about* (13:51) – Cloud Offices* (19:33) – A brief history of centralization & decentralization* (22:48) – Examples of software defined companies* (26:14) – A practical way to prepare for the future* (30:23) – How Mike thinks about investing in startups* (33:07) – Startup investing mental models* (37:39) – Mike’s take on "1 to n" businesses* (42:36) – Mike on Balaji* (47:11) – Mike on media companies * (49:49) – Force a choice, not a comparison* (54:46) – Mike’s information diet* (57:40) – Contact info & future topics

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