Get the cheat sheet: Jamie's 5 steps to build a $1B product from a $200 idea: https://clickhubspot.com/ajn
Episode 768: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Ring founder Jamie Siminoff ( https://x.com/JamieSiminoff ) about the wild story of building and selling Ring–plus business ideas he thinks someone should go after.
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Show Notes:
(0:00) Intro
(2:47) Selling Ring for $1.15B
(6:48) Getting sued by ADT
(17:18) Working with Jeff Bezos
(19:29) $400M to $4B
(24:02) Getting the wire
(26:44) Money v freedom
(28:29) Rule 1: Start with the problem
(30:02) Rule 2: Little solution, massive market
(33:31) Idea: Modern bug control ($5-10B idea)
(40:35) Rule 3: The snowball approach
(43:54) Ding Dong and other must reads
(46:32) The Tom Brady philosophy on hiring
(51:33) The too hard pile
(54:25) Stickwithitness
(56:14) Last mile marketing
(58:08) Rebuilding a town
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Links:
• Ding Dong - https://tinyurl.com/3zrsjete
• Ring - https://ring.com/
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Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
—
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //
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1:13:32
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1:13:32
We react to Bill Ackman's advice to young men
Get the free guide on 5 Ways to Start a Business with Less Than $1k: https://clickhubspot.com/icv
Episode 767: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) react to Bill Ackman’s dating advice for young men. Plus, the 20-something kid who’s making $300K/month doing man-on-the-street interviews.
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Show Notes:
(0:00) May I meet you?
(10:52) $300K/mo Street interviews as a service
(17:14) Taking a stance
(25:53) The crazy story of Pandora
(30:43) Taking simple ideas seriously
(37:31) Ben Horowitz, a great hang
(45:49) Noticing the AI tipping point
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
—
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //
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55:20
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55:20
How fortnite made me a millionaire
Get the Side Hustle Ideas Database [free]: https://clickhubspot.com/ckf
Episode 765: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about every business Shaan tried before he made his first million.
—
Show Notes:
(0:00) #1 Chipotle of Sushi
(5:00) #2 Selling Wristbands Online
(9:34) #3 Biotech with a billionaire
(12:54) #4 Making the next billion dollar app
(17:30) #5 Ride a wave
(22:37) Shaan applies to Stripe
(25:29) Going from 0/12 to 5/5
(26:35) Project selection
(40:00) Your last dollar
(46:00) Uncle Shaan's advice for 20 year olds
(52:12) New segment: Life happens
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
—
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //
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1:00:45
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1:00:45
Every Business I Tried Before Making My First Million
Want the Side Hustle Ideas Database? Get it here: https://clickhubspot.com/jnd
Episode 765: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about every business Sam tried before he made his first million.
—
Show Notes:
(0:00) #1 - Flipping Sports Equipment
(2:05) #2 - Hot Dog Stand
(5:42) #3 - Online Liquor Store
(8:33) #4 - Anti-MBA Book Club
(10:40) #5 - Roommate Matching
(12:11) What to start now
(19:48) Risk vs uncertainty
(24:57) #? - Itch Juice
(29:04) A bunch of failures
(34:17) Lessons from starting 17 businesses
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
—
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //
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40:50
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40:50
How Alex Hormozi Gets Other People To Build His $100M+ Empire
Get Sam & Shaan's guide to build a Million Dollar Business (+team): https://clickhubspot.com/hde
Episode 764: Sam Parr ( https://x.com/theSamParr ) talks to Alex Hormozi ( https://x.com/AlexHormozi ) about how to hire A+ talent, how to think in frameworks, and how to write for maximum persuasion.
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Show Notes:
(0:00) Hiring for general intelligence
(16:12) The snowball of talent
(18:59) Employees v. Partners
(20:35) How to be a magnet for talent
(24:39) #1 mistake
(26:37) Be fast to fire
(30:33) macro patience, micro speed
(38:03) Shower thoughts w/ Hormozi
(44:58) Persuasion
(1:05:12) Alex reads his own tweets
—
Links:
• Acquisition - https://www.acquisition.com/
• 1929 - https://tinyurl.com/5n78rjzw
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
—
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //
Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.
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