Five +$10M Ideas (from a guy who's done it 3 times)

Date
Duration
75 min
alright we have shield today here who is by my call the most interesting man in tech and that is a big claim and i'm aware of the power of my words but i did not stu i feel like i can rude wear i know i could be what i want to put at all in it like a days off on a road less i think i told you this before but i think of all people i feel like you live in this but beautiful blend of you've you do things that make you successful but then you do a lot of things that just seem like a lot of fun and the random and you're letting you know life kinda bounce you in whatever direction it's gonna take you and it's kind of inspiring and sam i know it's inspiring for you because sam is a perfect square and he just likes to be a perfect square and he doesn't know what to do with this crazy blob shape like you sam is that right yeah i mean he's inspiring to me like he just as a silly sup but let's just say so sheila here's like i'll brag on your behalf so basically you have what a three hundred and twenty million dollar vc fund you've built a business called dis to a hundred million in revenue and you've built another business that sold domains i think you've sold half a billion dollars in domains you've done all this amazing stuff but then you do like the sol things like you did like an online version of the bachelor you you're in a justin bieber music video like you do ridiculous married sponsored by taco bell in the med at a wedding in the med taco bell somehow out i don't know even know what that is i didn't know about that that's awesome what was that oh it's a long story but yeah taco bell sponsored by wedding we had a series i figured like if you're gonna have a wedding it's a great excuse to bring your friends together and so i was like and it's it's an excuse for all your friends to come together is as many times you do it they're all gonna come so we had six weddings and nine wedding related events over the course of the year one of which was sponsored by taco bell because we entered a contest and my amazing wife let me do this yeah makes sense i i don't even know what to make them all this but makes sense i went back and i listen because you've been on the podcast way back when i first started it because you're a friend of mine in san francisco and i wanted to have interesting people on the podcast so back in twenty nineteen you're probably in the first twenty episodes and i actually went back and listen to it this morning because i forgot all of it i i don't remember any of so i'm gonna repeat a couple of the stories i actually wanna start you brought some ideas opportunities you see things like that i wanna get to those but i wanna start with maybe the relatable side hustle can you talk about one of the way one of the early ways you made money which was this story about the ipod mini i don't know even know if you've remembered the full full story here but can you tell this ipod mini hustle story yeah i was like a new graduate college graduate i was working a job they gave me an ipod mini which is the ipod had come out it was white and then the mini came out of it was smaller and it was available in four colors blue yellow pink and green and right after i got it my headphones got stuck in a bike i was riding and broke an apple was not selling those headphones like those iconic headphones that i wanted apple wasn't selling them so i had this idea of like let me make these headphones and i'll make them in in the colors matching the ipod mini and so i went to china for the first time my life just to like figure this out and i i like you for this reason i went for this reason yeah i i just i was working a full time job i took a two week vacation and i was like let me spend those two weeks in china and like where in china china's this big place you were just like i just gonna go i'll find a guy what it what was plan okay so i i went to hong kong actually originally like i looked up trade shows there was this big consumer electronics trade show so i was like i'm just gonna go to this trade show and then i'll figure it out and i hadn't booked anything else so like i went to this trade show there were thousands of boots and so like i just went around having no idea about anything just like went to these booths found ones that made headphones their english was very poor i have my chinese as negligible so it was a lot of like they pull out a calculator and i'm like this is what i want and then like i had some sketch drawing that i had made of what i was looking for and then they're are like entering a number into a calculator they're like that's you know five dollars and i'm like no no no no that's like eighty three cents and and then i actually went and visited their factories in like southern china guangzhou and shenzhen and it was awesome like it was a really cool way for me to get into business how much time passed between your headphone breaking and you're like oh i should sell headphones and i'm in china i think it was like a couple months so you have a job you decide to go you're you're like i'm just gonna kinda fund this off my savings or did you place the initial was a big initial order what how did you do it the initial or it was cheap it was you know ten thousand headphones and i think yeah i mean for me at the time it was a lot of money like it was my first job but i think it was like a total outlay of twenty thousand dollars gotcha and so that you you make these headphones which by the way it seems like an in insane oversight by apple to not sell the headphones it may just like you're saying iconic at the time and you have to market these how are you gonna sell like a thousand or ten thousand pairs of headphones so there at like now there's a very a playbook quantitative marketing all this stuff at that time on the internet there wasn't a playbook to follow so i started out like going after blogs there were a lot of blogs when i was like i'll give you a giveaway for your for your readers that was that was one tick technique and then one that was pretty awesome is facebook had just come out and at this time facebook was limited to college campuses and the way that they monetized facebook at that time was you could set up a flyer so like i went to carnegie mel i could pay ten dollars a day to have the sidebar carnegie mel and it was basically for like a flyer like if i was throwing a party i could advertise on facebook and so what i did was i went back to my high school friends who went to the biggest colleges so like university of michigan ohio state like those penn state those kind of colleges where they had like thirty or forty thousand students and i said give me your facebook id and they gave me their facebook login i paid them something and i was able to market to those audiences for still ten dollars a day like i you want the biggest audience you can for that ten dollars a day and so we we we did in michigan we did like the colors of michigan like blue and yellow stuff like that and it was a cool it was a cold little business dude that's a that's amazing that facebook used to let you do that just to like market to your whole campus for ten bucks a days is it insane how much did it end up making yeah so how much ready to make i wanna say net was probably like eighty thousand dollars do you plan anything so like one of the parts of this episode is that like you're pretty spontaneous and but but but you have you know a three hundred million dollar fund you have a hundred million dollar your company who knows what that's worth but at least probably a one hundred million dollars like pretty like epic success but you also do the really random things spur the moment type of decision making yeah i just like i i think i've always chosen like the more adventurous path i would say and then i think something i get from my grandfather my my mom's dad was like he was just always bored and always coming up with new ideas he would at the time it was different he would like read about something in the newspaper and be like i should start something so like in india when tvs were coming out like growing up like there's only like one tv station and then expanded from there and he was like oh tvs are gonna be big and he started a tv manufacturing company knowing nothing about anything like he just was like i'll just learn how to make tvs and then he set up a manufacturing company it was hard to get us a phone in india so he created this like pay phone company that allowed people to just use pay phones and and like he would just read about something in the newspaper and like me as a kid he would actually like mail me like clips in the newspaper and he'd be like should we start this company together i'm like fifteen years old and he's like giving me idea and and he had some good ones one of the ones i remember like i just a mess up recently he passed away many years ago but he had this idea for like he looked up ans ancestry dot com great business and he was like in india people loved their ancestry why don't we start one for india and that that was an idea you had for me good idea wow did anybody do that by the way is there now an answer i actually don't know is that still up for grad still probably a good idea for my my grandfather who now passed away many years ago yeah that's wild sam on the first episode he did he talked about the domain business it's kind of a longer story so we probably won't do it again but the the the short version of it is you were selling or you were not selling you were the auction auction year for people who wanted to buy new domain like global domain top level domain so like dot photo dot app dot blog whatever and so amazon and google and rich guys would come and they try to bid and you guys were the the auction to do that and you take four percent of the auction you sold by i don't five hundred million dollars worth of yeah top level domains but one of the things he talked about he's like yeah so my cofounder was this expert in auction theory and i met him on a train in india yeah and he was just hey he just had these little things he threw throughout out like yeah i was just happened to be on a train in india met this guy ended up starting a company with them well was he an american in india or in indian he's german india that's ridiculous what year was that i met him in two thousand six when da came on the podcast the founder of hubspot he yeah we talked about the steve jobs speech that he gave at stanford that's pretty famous a lot of people in the now he talks about like you can't you can't connect the dots you know looking forward you can only connect the dots of your life looking backwards and the famous example as he's talked about like how he he used to love studying calligraphy and font and he got really into that he took courses on it and then only later when he started apple computers he made sure that the first out of apple computers had these like beautiful fonts and no other computer company cared about that but he did he connected those two dots his passion for x and his passion for y and they both came together and da pointed out he's like you know i a lot of people look at that and they just sort of shrugged like well i guess i just can't connect the dots like you know so i don't even try he's like no what that means is your job is to be a dot collector and you yeah the dots will later but like you gotta be a dot collector and so when i say that like i guess like what are some examples for you of of dot collecting in your life or at the time you didn't really fully realize it but you chose more adventurous path or you followed your curiosity and then good things later ended up happening thing i think there's a lot of that and i i i love that idea of being a doc collector i think there's a lot of like just saying yes to stuff so one i'll just say i'll say yes to a lot of crazy ideas that people throw out me investing of course you have to be discerning when i'm investing other people's capital and and so for the fund i think we're we're very discerning but for ideas for myself or like people invite me to speak at a conference in some random country lot v i've been to like lot v i said like all these countries that people don't go to just because somebody invited me and i think that i've learned a lot by doing those things one of the crazier things i did is i lived in india on a dollar a day it's like a mister beast video yeah it's funny and i i did it for a year so like i moved to india i was twenty four years old and i lived for one year on around a dollar a day and what does i did do in india is that like surprise like is that like a mcdonald's value meal like i don't know the like the or yeah maybe like mcdonald's value meal day and so i think like what i learned from that i think it was like supremely influential in my life and i learned one like i don't need a lot of money to be happy like i was so happy in that time and like i went from i was a major consultant in the united states like making a six figure salary and i moved to india on a dollar day and i i i i had a convertible here in india i had like a bicycle and even the bicycle was like a big deal for me to buy and i just had so much fun and there there's this concept in india called j god which is hindi word it means like there's no perfect word for it kinda means like creative problem solving and i think like i really learned a lot of creative problem solving during that year like just reusing things i learned like the importance of community resourceful but you spent three hundred and sixty five dollars in one year that was it yeah does that include rent and what type of program is this it would the program no longer exist it was called indy core and it was like a volunteer program and part of it was like they want i wanted it so i was working for k nonprofit micro finance institution and i i wanted to live like my borrowers and so the people that we were lending money to were living on a dollar a day so i was like i'm gonna do it too so did you have a mid midlife crisis when you're twenty five like why did you do this in the first way what was the one yeah the why is kinda silly in hindsight but actually i watched a movie hindi movie called rung d ascent where they're like the india isn't just gonna change you have to change it and i was thinking like i grew up in america but i have a lot of fe to india i wanna change india so i had this like lofty ambition and then i don't think i did anything for india like i did a lot for myself but i don't think i accomplished anything for india let's do that i i was trying to convince sean like three weeks ago i think we're it was like live like don't spend any money for a week or something like way less significant than what you did and i got like a hard no a hard no i didn't watch that movie dude i i wasn't inspired you know hindsight say it was stupid like i got i got super sick i got ty and i well besides that out of yeah besides that no overall it was an amazing experience and actually like i have so many so many of my close friends today or from that time there's there's another good doc collector story i think for you you correct me wrong but i think you were one of the first investors in flex sport is that right yeah and but you didn't just like it wasn't just like a traditional vc move or somebody cold pitches you and then you write this check because you're like yeah i totally see the future of freight forwarding no it wasn't that there was some you did something you just said yes to something before that i don't know the full story but i i i i know that it wasn't just a a cold pitch that walked to your office and by the way just just so we have context what's what's flex valued ish now and what was it when you invested like how big of a of a deal is this yeah so i actually don't know the most recent but it's in the several billions of dollars yeah and when i invested as a ten million dollar valuation sorry i think like ten million to three billion let's call it yeah and i sold some of my shares and the ones that i sold it was more than a hundred x return wow okay alright go ahead sorry and okay so flex sport it's a digital freight forwarding companies one way to think about it if you have a bunch of stuff in china i need to get it here there's a bunch of steps required in between and they'll help you do those steps like don't wanted your iphone your your ipad mini headphones to get here they gotta get onto a container get onto a boat get from the boat to the port port to the truck truck to your warehouse how does all that customs all the other stuff exactly exactly and so it just made sense to me that this needed to be digital it's a real pain in the ass if you if you don't use flex sport or something like it and so i met ryan at a party and we bonded over some really funny things which were he i think he's a really hack guy like he just figured stuff out he started the company by himself non technical like outsourced team originally and then eventually he built he built up a lot of stuff internally but we were buying uber credits in our name so i did that you did that too it was what's your guy did idea no no no we we were like i was advertising google adwords for my referral code and at times at that i would buy free rides from this guy in india oh who is doing what we're doing yeah yeah yeah yeah like i would buy like a thousand dollars of uber credit for like one hundred dollars or something like that okay so we we were effectively doing the same thing like just advertising for our name and we kinda bought it over that and became friends and then when he what he had he had done some previous businesses in the import expert space and so i was like dude whatever you would whatever you start i'm gonna be investing in it and and it's obviously turned out great that's amazing what is it crazy by the way how like so you know i don't know what ryan's worth but like you know if you have a multi billion dollar company you're in the vicinity of hundreds of millions or even billions of dollars of networks worth so you're like it's like you're a big shot at just eight years prior you're selling uber credit like like and that's a pretty common story i think for sure for sure silicon valley it's like so many people that you meet i i guess like i've lived in san francisco for twelve years now and i this is like a common story there's a bunch of people i met early on who are just like hustling and then eventually started something that became big that's so funny sean and i think that's actually like you talked about the service area like all the dot collecting i think part of it is being in san francisco like i moved here in twenty twelve and there were just a lot of interesting things happening like if you were out meeting people you met people doing interesting things but the way you're saying you live is different than what you probably advise the companies who you invest in to live just like saying yes to a variety of things which bad like if i wanted to like paint this in a bad way i'd be like well you're eighty d and you can't focus and like you're you're missing out on like your eight nine ten and your twenty where all like a lot of the compounding like growth comes from how do you balance like those two things of being focused which is like what every vc will ever tell a founder versus saying yes to speaking in lap or going to china to start a new totally company it's it's such a good question and i i think the way i think about it is i'm probably more of yours zero to one guy than i am you're like one to a hundred and so like i've started a lot of things and then mostly found other people to actually run them over time and like some of the things i started got to exit and and and we're successful but if you wanna have like huge success multi billion dollar companies which is like what we're hopefully investing in you need to be really focused and so i would not invest in most of the companies that i would start like if i if i were running a vc fund these companies are vc fund vc type opportunities what's the story worry of this because i remember we went out to dinner once many years ago and you're were like you started this like you helped start i don't know what your role was but you helped start some local food delivery business and at the time there was just a bunch of them going out of business sp was going out of business and it was it was like looked like a blood bath and you were like no we're kind of approaching it like not the venture funded way i started ordering from it i started eating it all the time i love this all and and sam just said it's now a hundred million a year business what is can you tell what is the origin of this this business yeah so the origin is myself and my roommate in san for francisco sc time we were we felt like we're just like making unhealthy choices and like eating the fastest thing possible to get back to work or whatever and the idea was like what if there was healthy food in your fridge already you would just that would be the most healthy thing you could eat and and most convenient thing you could eat and at the time as you said there were these companies sp mu spoon rocket were were the most popular ones in the bay area where you could order and for like ten or fifteen bucks in twenty minutes or even ten minutes food would show up at your door and we were like should we invest in these companies should we start one of these companies i ended up driving for sp was like let me sign up to be a driver there he goes again is so funny and yeah for those two people who don't know sorry by all of our friend ge and it was one of the innovators before door or i think before door driver as like due diligence yeah i like signed up to be a driver and to like yeah diligence and i was like okay so there are a bunch of problems with this model i don't know if this is gonna be a massive business and the problems are one they're wasting a ton of food like you cannot predict how much food you need on any given day and they were like yeah we have this ao model like we're gonna predict if there's a giants game it's this if this it's actually like kind of impossible to predict so wasting like a third of their food drivers all are driving at the same time it's like lunchtime or dinner time that's when it's all happening and then routes aren't optimized so like you're kinda driving one place then you go and then you have to go somewhere else across the city so we were like can we solve this and so we set out to solve it and the idea was a subscription service and the idea was you have to order by friday your meals for the week and there are people like it doesn't work for me like i'm i might be i don't know what i'm doing tonight for dinner but like somebody might invite me to something that'll go but a lot of people are more structured in life and the idea was for those people we can give them a meal plan and it's kind of like a pro like a private chef might be and do it at an affordable price point and it's been great like the business is awesome this whole dot c if you're on the east coast or west coast you can check it out there's a bootstrap or do you guys raise fund raise fund we did ultimately raise funding and we've raised a few rounds of funding but not that much money over time but it's gonna be it's a good outcome for you personally yeah it should be you know look i think food businesses are tough low multiple businesses and so i don't know what it's gonna be i haven't like you know i haven't like assigned any value to that equity but hopefully it's gonna turn to still justin san francisco i remember at one point you had said it was like doing twenty million a year it just san francisco is it did it branch out to like a hundred other cities now or what so yeah so it's all along the west coast and the northeast as well yeah i see it out where i live i live out a routes outside of new york and i and i see do i see billboards you might see billboards you see a lot of bags one one kind kind of like fun thing is a lot of celebrities use them and you'll see like videos of celebrities on the internet like carrying the this bag which is kinda cool like this mega famous person is carrying something that i helped create you know you sent us a a list of like four five six ideas and interestingly sean a few of them are in your wheelhouse involving schools a few of them are in a thing or two that i know about and i think it'd be interesting since you see so many ideas with the fund and you've been well connected in silicon valley for i don't know twenty years now if you could list out some of the interesting opportunities that you're kinda seeing i have some that are like maybe venture scale ideas and then a lot most of my ideas are not venture scale but i could talk about a few of them one is i just got about from florida my parents moved to florida they moved to a indian retirement community and it's called s then and it's not that well executed but the idea is indian they they like this guy created a huge plot where he put up like a hundred homes and then there's a community center where they have indian food they have like movie nights stuff like that it's really fun for old for indian people for indian retirees do you have to be indian to go or is it just like everyone who lives there is indian yeah but like can i go enjoy you wanna go check it out anytime yeah eat the food and so the idea it's a good idea but it's not that well executed and i've i've just been thinking like there are a lot of retirement communities out there and most of them are aligned to a single affinity which is golf and so like most retirement communities are built around golf which is great for people who love golf but there's so many other affinity out there that should have their own retirement community and you know people are living longer than they did so like people are still retiring at sixty five but they have like not only they living longer they're living longer healthier lives so like my parents are still like relatively healthy i expect them to live another twenty thirty years and you can build these communities where people like do whatever their affinity is and so i think there's an opportunity here in building and like building a road roadmap for an affinity and then like stamping it for other affinity over time sean i don't you know someone in the in the in this yeah yeah so i've looked at this because i found it fascinating for the same reasons that that she'll sheila was saying well first they're good businesses right because you're basically taking raw land and then you're like you just do the math you're like okay cool we're gonna sell let's call it fifty plots or seventy five plots or a hundred plots and the numbers get pretty big pretty fast when you're buying these at you know a raw state and you're able to sell them but they also one of things that some of them are doing is they blend together the like different health span so for example you can start there when you're just retired but then you need some assistance and then there's like assisted area and then there's like you need a lot of assistance and then you're at the kind of like the the the full full service model but you don't have to move you don't have like move very far right you're just like and be still there yeah there you're still in the same community you don't have to like you know do this like big cross country move it's not the scary thing you just sort of as your body you know goes down that gradient you just sort of move down a different level of service at the community and so that's super profitable when you do that and the lt tv of the customers i mean imagine right your twenty thirty years in one of these communities really high and i know it because my parents kinda had the same reaction that she fran had which is yeah that i mean that'd be great i don't play golf but if there was a place that had the food we like with people that we get along with to speak the language you know that we had have the same cultural values and i was like well that's gonna exist for every every race but also not just race like what are other things that people bond over or is like the central pillar of their life and how do you build communities around that that scene this seems very lucrative to me totally for the this for the one my parents did there was a waiting list so my parents prepaid they put a hundred percent of the money down and didn't get the home for five years and on these things that you when i think of an old home i think of like like a hospital looking center where but these are like a plot of land where you buy a house yeah they bought a townhouse got it and you pay like a monthly fee yeah you pay monthly fee you get food which is you know for indian people especially i think a really big deal and then they have like they have a bunch of community events like they they play like cards they there's a community center they play they have movies indian movies going on they've have concerts actually i i talked about our weddings my parents one one of the events that they had was a a showcase of all of our wedding videos and and then like i called in like we called in and didn't cute that's hilarious yeah because i feel like you know this is like the country club model but it's just for what what else is it besides a boo country club like what are the other ways that people could get together in a club house and have you know that would add a lot to their lives because it's pretty lonely if you're older or you're living somewhere you don't know other people and the effort it would take to go make new friends or drive to places just for certain events versus having it almost like resort style for you it just makes a lot of sense and we have a friend who came on the pod craig fuller who did this with airline or flying enthusiasts so basically he bought a plot of land he developed homes on it he pre sold a bunch of them and basically the center of the property is instead of a golf course it's an airplane hanger so if you own like a ces or something like that you could keep it there and you could live there so you know it's like i wanna go fly this morning i'm just gonna was like a runway in the middle of the neighborhood basically that's so cool yeah so i think you could do this for a bunch of different affinity like i've talked to my chinese friends and like their parents pay a lot of mah and like there it's stuff like that that i think you could just build this around every affinity over time so i think there's something there and i like these businesses that are high dollar value meaning you're not become a billionaire but you can make tens of millions of dollars to in this definitely and very high likelihood of success like you don't need like she'll told you the idea you don't need a stroke of genius now any and like fifty people could go do this and they would hold you know it's just a matter of at this point right if you just do do the basic things like with all these tire like the what do they call it this the silver tsunami like is there is there a shortage of of space you i think so i think like the reason my parents pre bought it was they like the other indian communities they couldn't get in like the prices had increased so much or they're just were there weren't availability so like they pre bought into a new one so i can't have to be a doctor it's actually a status symbol you you can't get into the community or just bard if you're a kid's not a doctor dude how much is a nursing one by way should i be budgeting like i was a like start worrying about i've worried about words now no i'm worried about it for my parents i was dude listen to this so are you put your parents in a nursing home i don't know but me on here like i i indians could never do sometimes i think they like that don't they like they want don't know i thought it was like a enjoyable i don't fucking know but so i was i was being with a like in a financial adviser like three years ago and it was like twenty years in the future i was like what's that two hundred and fifty thousand dollar a year spend and he was like oh you're gonna have kids right i was like yeah but not gonna have triplets he was like well well you're gonna have one kid and i assume that they're gonna go to like a school that's in like the eighty five percentile of cost and so in twenty years if you have kids in two years it's gonna be two hundred and fifty thousand dollars a year and i was like dude don't make up this bullshit he goes i didn't make it up i just wanted the trailing like twenty years of growth for like harvard or whatever at nine ninety percentile cost school is and i just applied that for the next twenty years and that's just how i came up with it and i was like baffled is that it's gonna be i think it was maybe a hundred and fifty thousand a years it it it was six figures and now that i'm realizing with old people homes or nursing homes i'm pretty sure that some of them are ten and twenty thousand dollars a month today that's right that's how much it cost which is it's insane i guess so like what am i gonna have to pay if my parents eventually want to do this you know is that or are we talking like half a million dollars a year it's not that high but you know you can the like there's a range so you can do a three thousand dollar a a month bed you could do a eight thousand dollar a month bed you could do fifteen thousand twenty thousand depending i you wanna go basically the r scroll and it's twenty thousand fanciest i i don't i don't there's no upper end to anything in life freight you can spend an infinite amount of money if you if you decide to but i would say like you like nice places can be at ten fifteen thousand dollars a month but also some of these are covered by insurance some of these are not some of this out of pocket right there's a whole bunch of different factors i know that in also different cultures like i said shame on you just kinda joking but in indian culture it kinda is like that like there's an expectation culturally that either the parents move in with you or they're gonna have their own house and you're gonna have in home care for them so there's all these different ways that you could do care for elders it could be that they're in a you know a a nursing home or a senior facility or could be that you're paying for somebody to come to their house every day and help them manage day to day life at their house which is obviously gonna be a different cost you know my grandparents for example they have their own house and they have basically round the clock somebody come like like a kind of a nurse that lady basically lives in their house that just helps them with everyday things to just function in their own home because that's what was comfortable for them that's cool i think for all those any diff any of those different types of things like being in the same place with the community makes sense because like your grandparents may not need that one person full time they might but like other people might want a fractional one and it's so much easier if that person like lives in the community or like comes to the community and can serve many people at once a bunch of people tried this for like young twenty somethings things after college it's like an after college community blah but this is way better because people are gonna be in these for like thirty plus years exactly they have money actually versus that twenty something yeah they might spend one or two years after after college of doing this in a big city but then they're gonna kinda graduate out of it so you're gonna have this crazy churn all the time i like your model better alright well what's another opportunity what's another idea you got go to the yelp one okay so the idea is yelp for professional services so and then i i i originally had this idea i think before sam before sam put out sam's list but the idea is why is it so hard to know like which insurance brokers are good which lawyers which financial planners which accountants like how do i know who's good and it's gonna serve my needs and like there should be a site for that and it's easily monet so i can give you guys an update so sean ten or eight months ago i created a thing called sam sam's dot and it was like yelp for accountants and just did it because i needed an account and i found an accountant by the way on the website so it worked so we it it's it hasn't like taken off this year it did ninety nine thousand dollars in revenue and a little bit of profit and we have someone who's working on it but what we're changing over is making it we're we're adding like a financial adviser category but i completely agree with you of like having these review sites for professional services is necessary everyone is begging us by the way if anyone wants go do is go for it everyone's begging us for sam's list but for agencies i don't know anything about agencies so i don't like i don't know anything about that space but that is one thing that people have been begging us for to have an agency category but i think that's just because have a lot of agency owners who follow me on twitter no but i i think if you look on twitter like people are constantly posting like hey i need help with this can can anyone recommend an agency i i feel like like we have a website designer that i really like and i feel like once every couple weeks i'm recommending him to somebody and like there should be a place where you could just search and find like i'm looking for an agency i'm willing to spend x x to y and you know it should be a site that that does everything and maybe sam's is that it's fucking hard to pull this off by the way it's hard i know anything crazy here's why they're hard like what we found was like we had a lot of like mom and pop accountants on the website and like you're basically imagine like so what sean did with milk road and when i what i did with the hustle was we'd have advertisers but the ideal situation is you have advertisers who are spending tens or hundreds of thousands or once the hustle got to a certain size sometimes they're spending millions of dollars a year but when you're working with like a mom pop accountant i'm basically selling packages for like five hundred dollars yeah and you're like the mob like knocking on their door like money you don't what i mean and like yeah you know like the client hasn't paid yet so i don't have the money yet but i promise i'll get you next week like it becomes a little bit of a game like that and so if you're gonna do it the ideal situation is that you're doing it accountants are basically a lot of them are like mom and pop organizations it's it's a pretty bad group to sell to but like wherever organization or industry you wanna do this for it has to be where they're already spending a lot of money and it's bigger companies so who can write bigger checks otherwise you're just gonna end up like yelp have you guys ever known like the the joke in san francisco when we lived there was yelp is where you go to learn how to do sales because it's such a hard sales job and all day they would hire eddie anyone with a pulse and they would be like alright here's forty grand a year and then you get commissioned but if you hit your own target earnings you're gonna make two grand a year you're gonna be so rich and they find out that they're having to go like get an ice cream stop shop to give them like nine hundred dollars wasn't it more like threats than sales even it was like oh this reviews really hurting you wouldn't you what touch just wish that would go away yeah i mean i might be able to make that go away i i never found any evidence of that actually happening though like people have been like provide me evidence and i don't think i don't there's actual evidence of that happening there is with the better business bureau by the way but but not with the yelp from what i can tell what where did that come from yeah i came from business owners complaining about it i also put that store out there well so people said like okay if there's any proof of yelp saying pay me money and you'll get a better review or that review get not send it to me and then nobody has ever sent it fair enough fair enough what are what are the other what's this pearly whites one you got my attention okay so this is my wife's idea there's something called the dry bar where you could just go get a blow dry of your hair it's like kind of like an in and out thing twenty minutes and and you get your blow dry my wife feels like she would like to get her teeth cleaned more than the twice a year that you're able to with the dentist on insurance and so the idea is you go to a place and all they do is clean your teeth they don't do any they don't do x rays they don't do anything else you're in and out twenty minutes hundred bucks hundred twenty bucks something like that and she would do that like every couple months and that's the idea so she likes getting her teeth cleaned she likes getting teeth i i think is weird like i don't but she does and i i i could see people doing it like oh i'm going to an event like i'm gonna get my hair i'm i'm gonna keep done teeth cleaned well i like the un of like the dental checkup up rights like what's the what is the one part that people kind of would want the most or need the most often that if you separated it out of your normal dental kind of cycles there might be just like a market from people who just want this i kinda buy that but i i thought it it'd be teeth whitening not cleaning that's part of it also and and actually like you probably make more money in the whitening side but what you could do is actually like you standardize and like have a really nice looking space and dentist would franchise this and they'd be like oh i'm a dentist i can open one of these you need to have dental and and a dent in some states you need to have a dentist there but it doesn't have be like don't have be doing the work they should have to be there right dude i went to my dentist and he had this sign but like it stood out because everything in the dentist office looked like a dentist office it just looked like mom and poppy and then there was one sign that looked really nice and this one sign was basically advertising kind of what you're describing it was like a twenty minute teeth whitening for like eighty five bucks or whatever it was some some dollar amount and i was like what is this this this yours and he's like oh actually yeah there's like this company that made this service that then we can then sell to our customers and they provide like the marketing and the name of this and they're trying to popular this but we just get incremental revenue because we're able to up upsell this essentially and i was it's basically like the hunt brothers pizza model what they did for gas stations they're like hey there's here's a pizza shop inside your gas station somebody's doing this for dental offices where they're putting in this like teeth whitening up upsell program and i was like it's kind of work i i get it it works because otherwise you know the dentist offers like you know fifteen hundred services if you really wanted to you could go and ask them what's it called i don't remember the name of this one but i i don't think it was i don't know how popular this is but i remember just thinking oh this makes sense i could see why it's a win for the dentist it's a win for this company and i can see why consumers would be when you're just sitting there trapped in the chair literally trapped in the chair it's the first thing you see in front of you you stare at that thing for fifteen minutes and you're looking at this before and after photo and you're like yeah cool add that on i'll take that i'll take the lights speaking of hunt brothers another idea and this is one of my best friends is doing this and i i invested but it's called pizzeria luna and the idea is when people go to hotels they most often order pizza like mid range hotels people order pizza constantly domino's coming in so the idea was what if we gave you the ability to sell a high quality pizza and originally it was like we'll give you the oven and the pizza that's like hand tossed made in italy actually shipped over from italy tastes amazing and and so a lot of hotels use pizzeria luna and then we have the table tents and all that other stuff to this is a great idea it's just hunt hunt brothers but for hotels and italian is it working it's working yeah it's been pretty successful it's still fairly early but it's it's doing well and what's the hard part about this because like you know the hunt other thing i think they started out doing wholesale ingredients so they already had like a ton of infrastructure in place where they were already selling you know dough and all that stuff to to you know pizza shops all around the the place and that's why they were able to like just take the next logical step and create their own brand and then provide those same ingredients to the to the the gas station owners is this really hard to spin up or was this actually like you know pretty doable i mean it it's complicated like my friend is on a plane to italy all the time like he wanted to make sure it was like super high quality something the hotels felt really proud to offer wait but why i don't think i could tell if this pizza is from italy that's it like like would my taste buds know the difference between just eat and it's says it you're like it's not cheap pizza it's not cheap pizza like italy like is that you know how like you know how like florida has like hollywood florida like it's says a small town yeah can we can we call it like you know is that like an italy lincoln and buggy italy was wisconsin yeah no i do this out like the the ingredients like it just does taste better like they know how to do it there it's actually it so what you're probably thinking is like it's an expensive to bring it over here it's actually not it's kind of worth it and they have the experience and know how it's actually made like near naples which is where pizza comes from dude my dad i'm remember when were kid he saw this pizza place and the sign just at hand tossed pizza and there was like a guy in the window tossing and my dad would just shut up about the hand tossed pizza for like you know a year and these things just work i don't know why there's something to it if it says world's greatest cup of coffee i buy it every sit time oh totally that shit always works on me always know the the great goose story no that's the taller bottles the taller bottles but also so the so the guy who started greg goose started it by the way when he was in his like seventies he was like he was like seventy years old and decided to start a start up was he successful so he all before that he had created y me not created but he had brought y to the us and made popular so like the jaeger story was he's out one night alright he was like part of the family alcohol business his wife his was his wife's parents business and then they get to fight to kick him out and he's like alright fuck this i gotta do something and he's out one night he sees people he sees a german like group of friends sipping this like weird cough syrup looking thing and it was jaeger it's like a after dinner type of thing and he's like what is that he inquire about it he figures it out and he decides i'm gonna become the us importer of this thing called ja but to make it popular what he did was he created the jaeger bomb and got like jaeger the girls who would go around bars pouring the stuff down college gets through and he made it the party drink so jaeger becomes this like big drink he's successful now he's in a seventies and he's like alright i'm gonna start a new one i wanna start a vodka company and he basically says i'm gonna do two things differently first he goes we need to source the vodka and they go great we're on our next flight out to moscow and he goes no we're not doing russian vodka they like what do you mean all like that's where vodka comes from it he goes go to france and find me vodka they go there's no vodka france he goes go to france to find me vodka because if i told you this is french vodka it just makes that dirty russian vodka look like crap and so they're like but what if it's not better he goes i said it's french vodka that means it's better and so he sends one group there and he tells the other group he goes go go to the bar right now and buy the most expensive vodka that there is bring all the bottles here and they bring all the bottles and he's basically like it lines them all up and he goes cool whatever the time what's the most expensive vodka was like absolute at the time he's like cool we're gonna be thirty percent more expensive than whatever the most expensive one is and what that's their bottle okay it's this fat bottle we're gonna be a tall bottle and then he got he commissioned somebody to make it and they did the frosted glass and he's like that's it that looks expensive as hell and he created great goose off of this very simple concept it was like either italian or french vodka put in this expensive tall frosted glass bottle so tall it wouldn't even fit on the shelves so you had to put it on the top shelf because if you put it on the middle shelf it wouldn't fit it was too tall so it had to become top shelf like vodka by by d by default because it was so tall is that amazing hilarious that that's so funny it's interesting because it's basically like a commodity like it's all it's all pretty much the same it's hard for people to distinguish i have a friend who started a vodka brand and the bottle cost more than the vodka yeah except and it was like a premium brand dude it seems like oh it seems like like a horrible business to be it seems like really challenging alcohol in particular is tough because the regulatory environment it's different state by state what you can sell and you have to get licensed and all this stuff it is challenging do you wanna do another one yeah what else what else are you excited about shield that you think somebody could go do i think something i want in my life is like a school for ai tools so like maybe could franchise it but for me like right now i would pay a few hundred bucks to go to a class like half a day just to become a better photographer iphone photographer and like show me how to edit things and like make fun funny things on the internet memes or whatever same thing for video and i think the same is true for many other products that you can use like ai or software for so it's like a software school in person true one for you like just other two other tools that are useful in your life exactly yeah it's for adults kids it could be for adults i think start for start with adults and then also kids sean he was telling me before this he was like you know i'm trying to hire this person to teach me how to do like video editing and use ai and i was like two things one sean actually hired ai like tutor which is actually pretty amazing and then also you went on this big rant a month ago it's probably the greatest in terms of like e guy of like what the world wants what sean's good at what he's passionate about and like what the world's going to pay for like him creating like you know another full sale university it it's quite aligned oh yeah i had this idea well first i did i did an ai tutor mostly just because i've realized that coaches are just an absolute life hack once you get some money it's like a luxury that doesn't actually cost that much but adds a lot of value to your life and so now anytime i want wanna do something my first stop is who's a coach i can hire that will speed up my learning curve be a forcing function because they're gonna show up and it's gonna like force me to actually stick to this hobby and andy india i get better faster how do you find them with this i just tweeted it out and i was like hey who could i'm i'm willing to pay five hundred dollars an hour for somebody who's gonna you learn all the new stuff that's going on in ai then i wanna sit with you for ninety minutes every wednesday and i want you to tell me what's going on but also like like teach like like i'm hands on keyboard struggling trying to do the thing because that way i'll like actually learn how to do it and it's been kind of amazing to be honest still doing it we're still doing it kinda shifted a little bit like other friends wanted to join so i invited a couple other friends and this kind of a group thing now and yeah it's pretty amazing so so that's that's been great on the ai side but just in general i'm a big like it's like it's comic goal now how how my first answer to everything is to get a coach and but whatever i'm gonna keep doing it till it doesn't work and it's it's worked at everything hired we hired an organizational coach to come and teach us how like organize a closet like i'm so bored with oh my god we pay so much to our organizer we don't have a coach we just have an organizer comes in and she is doing so well she reached she last time she was here which was like two weeks ago which because be hear all the time organizing something she was like oh my client from san francisco flying me i'm gonna go organize their new place in switzerland so she's like this thing going or like it's an incredible business i i mean it's not like a huge business but she's she's got people under her and stuff now is just like magic like he's your house just like incredible now i think it's fine my wife loves it there we go i have a friend that just bought a home they moved in it's huge house like eight thousand square feet they paid this service twenty five thousand dollars to be there before like to map out where everything like it was like you know like starting from scratch to like be there to map it all out to buy the storage supplies and then to put the labels and to come up with the strategy it was twenty five grand that's a lot it's it's a lot i think we paid i i don't remember i don't know how much we paid total because i don't see it because if i saw it it would drive me crazy but i do remember the kitchen was a couple thousand dollars do you do you have like indian frugal allergy jean or or time okay you're not a good spend i'm not a good spend and it's like my lifestyle hasn't changed that my network worth has increased quite dramatically over the past decade and my my lifestyle hasn't changed i'm always looking for a deal like anything i buy i'm going to slick deals first i've like got the credit card points thing down like all this stuff that shouldn't i shouldn't be doing is like stupid optimization but for me it's kind of a game and i love it what are the give the quick credit card tip what do you what's your credit card stack because i don't wanna do the research but i might just you piggyback off you yeah yeah for sure okay so i use the us bank smartly card it's four percent on everything and if you just want a single card that's the card to go off of you you need to smartly that's what it is yeah yeah it's four percent on everything by the way i use it on my taxes so wait what i pay one point eight two percent to the government to use my credit card and then i get four percent back from us bank it's just like i'm getting two percent back on my taxes i can that for like facebook ad spend i could use it for anything use a facebook ad spend yeah exactly is it like a limit or is it unlimited just your credit limit wow it's to it's called us bank smartly and you have to have you have to have a hundred thousand dollar for us bank but what i did is i just have a brokerage account with a single stock and that's my hundred thousand dollars us bank it's a great deal like they they're losing money on me for sure one hand i'm like this is sick i gotta do this then on the other hand i'm like i just like you know i don't know setting it dude four percent is pretty legit i went through a lot of hoops to get two point six from bank of america of america yeah and so now you're just shitting on that by the way this is this is way better this is what i also you also tweet all types like the other day you're like does robinhood give like four percent so robin robin it us card that gives three percent cash back on everything and then right now they have a promo where it's like four percent or five percent it was five percent if you stuff put twenty five thousand dollars into a robinhood brokerage dude it's kind of interesting because if you are a really big company or you're spending a lot couldn't the difference between zero percent and four percent like have a meaningful impact on your margin absolutely yeah i mean if you're buying facebook ads for like it could be really massive for you yeah but for me even just my taxes getting two percent back on my taxes is you know many thousands of dollars pretty sweet that's crazy like free money i know a guy who well i i could say it actually his name's david h he did a podcast so it's public but he sold his company grasshopper for i think a hundred and twenty five million dollars and he he's like you know famously he's he's in friend of mine he's like famously frugal and like you know whatever and he was like convince american express to let him pay his tax bill which on a hundred million dollar sale i i don't know what that would be thirty six the forty million dollars or something and he was like i now have unlimited basically like unlimited flying like for the next he's like for the yeah he's like for the next like thirty years i ball out on on flying and i don't have to pay for a thing and and and he paid with his you know forty million dollar tax bill on am the one thing for speaking of miles so like one thing i don't wanna do is accumulate chameleon a lot of miles i already have more miles that i need and like people are like oh well you're getting four percent but i'm actually getting five percent because i get miles and miles are worth two point three cents to me because but and then i look into it and they're like how is it worth that much to you and you're you're like flying on some random time of the day on a business class fight but it's it's not the flight i wanna take just give me cash back and i'll i'll i'll buy my own shit right also don't miles inflate at some like insane inflation rate plus yeah you don't actually use all your miles so even exactly in theory every point is worth x you're never gonna use a hundred percent of your points so you have to discount back off that right exactly so for me cash back is king dude i know a guy in hampton by the way who had who is a two person company and he spends ten million a year on facebook ads or something and he's like i get all these miles and so i just i was like hey book a flight for and i'll just send you the money and i got you know i i bought four first class tickets to europe and i got probably a thirty percent discount because of it it was got some significant savings for me do you have any other good financial wins or hacks so you got the four percent cash back card is there anything else that i'd like is a needle mover actually i started using robinhood hood for a lot of stuff so robinhood hood had this thing where and they they continue to have it where that's dangerous i don't think it's dangerous is a big company they're they're making lots of money i'm i'm i'm a robinhood bowl and they had this thing where you could move your assets over and they would match one percent so it's pretty amazing if you have let's say ten million dollars of assets in stock somewhere you move it over you get a hundred thousand dollars free money how long does it have to stay there i think it's two years but i've been very happy with the service and and i i i just did the transfer aca cast transfer from schwab schwab called me like red alert and they were like we'll give you fifteen thousand dollars right now in your account you don't have to do anything you just we're just gonna give you fifteen thousand dollars you just don't move your money and i was like yeah but i'm getting a lot of more from from robin so i i moved it and i've been very happy and then i i have a lot of other i now use other products on them and they have great margin rate it's like five percent it's great do you are you like a stock picker what do you do with your personal portfolio or are you just like boring index funds do you do interesting i want to not be a stock picker i wanna be boring index funds but inevitably like i get excited about an idea and i invest in it and it's been very good for me i've i've like been fortunate to outperform the market pretty significantly what was your big best pick i bought like my biggest position was nvidia in twenty seventeen no shit and what was that based on what what was the idea there it was i i did a lot of research got excited and i thought there were two dc like i actually it was more based on crypto than it was ai and i was wrong like it we we moved away from gpus and moved into asics for for crypto but it ended up being right anyway and that's awesome so that was in twenty seventeen the stock was right about thirty thirty something x from them yeah yeah yeah it looks like it's it's a thirty x a hundred and fifty today back then it was five bucks thirty x is wild did you just keep it in the whole time it was yeah i've kept it the whole time i haven't actually bought anymore or sold any so yeah i i have and it was it was like my biggest position in twenty seventeen and you're you're basically like a fintech expert right your fun is fin you've invested in a bunch of fintech things what's your position on crypto are you like yeah are you a big bitcoin bowl do you believe in all the alt coins like what's your where what do you stand because i haven't heard you talk about it much yeah i don't talk about that much i i bitcoin is so actually looking at my assets it's probably bitcoin number one nvidia number two and then like the house that i live in number three probably really yeah and so say more well what got you into bitcoin air crypto at the beginning and is it just bitcoin or do you also believe an east and salon and other things i only have bitcoin and east it i have some of the others but like not a meaningful amount i actually have a tweet where i i was like like anti bitcoin and bitcoin was like sixty cents or something you know i was like this is never gonna work here's why government's would never gonna allow it at blah blah and then i finally bought in around three hundred dollars and the idea was i still like what people believed that then and what people told me was like it's gonna be a fast and efficient way to to move money and that isn't what happened at all right and so in some ways i was right it doesn't it doesn't matter i right i lost a lot of money by not doing it earlier and i think as a store of value like the more successful it gets the more successful it's gonna get right and so that's it and more and more people are put putting money in so i i've put money in now for me personally from for personally that makes sense for my fund i wanna invest in things that like actual people are gonna be able to use and like have real impact on the world and i haven't found that many use cases we have made a couple of investments in stable coins i think there's something there i was gonna ask you nerd nerdy question there's a a lot of people are paying attention to stable coin right now i what fart coin is that that's not unstable coin for sure right point so butt whole people don't know a stable coin is basically it's a digital token so it has the benefits of being like able to be transferred online easily and programmable things like that but it's just peg to the dollar so for you put a dollar in a bank account and then one digital dollar is created and that's the idea is that you in order for the digital dollar to be created an actual us dollar has to be put in a bank account somewhere and so there's companies like circle and others t who who are are supposedly doing this and i guess it's kind of like a lot of people believe it's like stable coins is taking off now there's some charts i think that they're all in podcast been talking about this recently a a stable coin then the stable coin business get bought or a tech that that was bought for over billion by stripe billion dollars by stripe so what's is there anything actually going on here or is this just all a lot of hot air i think there's something real here i think like they're transferring money internationally is challenging and there's something called swift which is how banks do it it's basically like a messaging protocol i i think stable coins can make things easier i think still at the end of the day i think people people people are hiding stable coins because at the end of the day in on ramp and an off ramp to get money and they aren't that like i had this issue i i had a wedding in india and i needed to pay a lot of vendors in cash there was a lot of cash and i was like hey i tweeted it can somebody help me get a lot of cash in mexico and the reality is there's a reason why it was so difficult and the reason is like money laundering and actually also even what i was doing was illegal because or what what my vendors were doing they wanted cash because they don't wanna pay taxes and so the reason it's hard is because the government doesn't want you to do you wanna incur taxes and i had this convoluted thing actually you guys might appreciate i convinced my bank to let me normally you can withdraw a certain amount of money per day i convinced my bank schwab telling let me do four thousand dollars per account per day and i opened six bank accounts at schwab and i was able to go to an atm and withdraw four thousand dollars of cash per account per day and i was there for the week prior that basically paid from one of my wedding dude do you know that take away from from this all by the way is it's like that's the second time that you've said something where you went to like a major institution and negotiated it yeah like when i hear about like you you went to schwab i'm like a schwab a person that you can go to like i don't understand you what i mean it's like it's like getting like google adwords help larry get it's like it's like if i had a gmail issue it's like just hey google yeah yeah i need you to fix this like i didn't even realize that you could call schwab or call bank of america and like yeah i know you guys don't offer this but but you know you you got to yeah i think if you explain your situation to them some actually one thing i do is like i know pretty quickly if i've got a good agent or a bad agent and then if i i'm a bad agent i hang up and call again and like you know somebody who's was like going like i just told them my story like told them what i needed and and then like somebody walked me through the process and i got it done and so i think you could do that all the time and then speaking of negotiation or like talk through something i think something a lot of people should do is realize like you can negotiate at macy's like i i did this with my wife my wife she bought a wedding dress post wedding dress at macy's like it was for for one of our weddings and we were we were macy's and i was like i wanna t shirt negotiate i want you get a better deal this dress it was like i don't know for hundred dollar dress or something and i was like can you get a better deal and she did she got like twenty percent off just by asking at macy's for like a person at macy's and she saved like a hundred bucks or something do do you able do that yeah i mean i'll do things like like i'll be like hey like i don't i don't know if they had a sale recently but i'd be like i think you had a sale recently like can you like you you had like a you know like for example like i went and got name at brooks brothers year day and i that one time a year they do like a forty percent off sale and and i went like three months after that sale but i was just like hey can you can you match that and if you i always find i always prefer to go to women wow like with the workers with the that who are women i have way more success because they're just like easier to like get along with and like you know you like do like a little fake flirt but that works like way better for me is is for with retail just like talking to a woman and being like hey how are you doing today you know look i know this a little obnoxious but can i get that sale discount or what yeah buddy always they have like they have a bunch of qr codes or like barcodes codes and they just scan a qr code or bar and it's like oh here's twenty percent off and like all you do is ask somebody buddy dan his mom was like the master at this if like when we were in college we would go try to like you know buy stuff for our dorm rooms or our apartment and she would just while we're checking out she be like and give the boys a discount give the these a college boys give these boys a discount and then they would be like what for what then like a discount yeah she would just like come give give the boys a discount these they need it and then she would just tell them like give the boys a discount and then they sure enough twenty thirty forty percent off would just happen like that and i would never even think to do but she would just say it like like it's a done deal like oh it's happening not like do you think it'd be possible is there any way we would really appreciate it she was just like oh and then throw that in and put the discount on top of it whatever you got like give you the voice like alpha like every clerk yeah exactly should it's it's a good i think it's something like i want my kids to learn like if i have kids in the future hopefully i will like i want them to learn these sort of things and it's like it's also like somebody posted like what job do you wish you had i wish i had a sales job growing up and like the people that are selling you like dead sea cosmetics or something like they're just coming up to you or like cell phone accessories are they're like hey what phone do you have and then they're try to sell you something i feel like those are really useful things that i wish i wish i the dead sea guy at the mall oh my god an unbelievable skill set just an incredible skill set is that a scent or a lotion i think it's like a body scrub yeah got it and it's it's gotta be like a ninety eight percent profit margin sort of biz yeah did didn't your dad sell like door to horse something things yeah my dad told him to encyclopedia peter's door door when he just moved here from india it's actually a great story he like he he was very poor in india he to come to the united states like he he we studied it in india great university and then like to come to america he needed to raise money so you like raised money from the community to pay for his flight over and you had to have three hundred dollars to stay in america like on your passport they stamped that he had three hundred dollars he came with exactly three hundred dollars in the pocket and so he raised a bunch of money and he had to pay them back and he had the s end as a master student then an a phd student and he decided to work as in encyclopedia salesman indian guy thick indian accent at that time he was in louisiana mississippi alabama door to door song in encyclopedia and he became the best encyclopedia salesman in the country he he really and like yeah he really didn't and he he him about it like what was the secret what was the pitch i think he was just like working day and night i think was the bed and crazy enough so he he made enough money to buy an apartment in like a condo in india like a one bedroom condo in india and that's still the condo that like my uncle lived in and still like we still go and stay in that condo my dad bought with his earnings from working as in encyclopedia salesman dude do you actually have a bunch of good tweets about your dad like i feel like i kinda know about them like apparently did video did you see the video result first of all he quoted robert mug who like a dictator in africa like the dad like at shields wedding he like wedding she was eddie quoted robert mug who i think was like the dictator of zimbabwe like he wants be like quote it was about treating everyone well it was a good like quote was like a quote but like he was clearly on like brain quotes said he typed in like the quote on love and like it was by like a killer dictator and then and my dad was like robert mug very very famous for his qui and i'm like i think robert mug was famous for something else but okay and then he's got this other video of his dad on a cruise like he's like we lost my dad but we found him dancing or something like that he's like dancing with us other couple and then and then so we we went on a cruise family cruise couple weeks ago it was awesome i i was very skeptical of going on a cruise we went with eight eight family members it was it was super awesome but anyway we we go to this tasting menu restaurant and my dad shows up with a pizza to the tasting menu and then i filmed him like the the people like were like pretty mad at him yeah i saw that i love you he like covered it with a napkin he's like oh yeah no no problem no him and they're like no sir we can see it it's still there he's through like a like a baby you like what's the leave for the eyes and it doesn't it just doesn't be anymore exactly hilarious dude thank you for doing this well this was fun hanging with you as it always is and i recommend if you wanna hear she'll store go back and listen to the episode i think it's episode eighteen i think it's called like the you know the guy who who you know made millions on selling wacky domains because you told your story kind of like in order there and it's great is a great episode i went you know for me to go back and re to my voice like anybody knows if you're listening to your own voice on a recording that's painful and so for the fact that i went through an hour episode this morning that means the episode is pretty good and then if you guys made it so big yeah you were there you were the cause and you gotta give a sheila a follow on twitter you are a great follow like you just do the like it's just the small things in life like you just tweeted it that out apparently do you have a couch that's like a square yeah i'm a it's a nine foot by nine foot couch i my wife thinks it by the way but i love you just tweeted out a photo of your couch and i just like who on earth would buy this and then i'm somehow convinced that it's the right decision i've always been curious go to furniture stores and they have the the pit it looks like a pizza because it's like a nine square thing right you to like hop on like a small child and just like crawl around the couch because your feet aren't gonna touch the ground and you did you bought it i love it it's well so fun when you have people over but it's also modular so you can turn it into other things thanks for doing this man do the past we appreciate you yeah alright that's i feel like i could rule the world i know i could be what i want to from at all in it like a days off on a roll less travel never looking back

Episode Notes

Get our Business Monetization Playbook:


Episode 667: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Sheel Mohnot ( https://x.com/pitdesi ) about the biggest opportunities he sees right now. 

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Show Notes: 

(0:00) Intro

(2:33) iPod mini hustle

(10:40) Being a dot collector

(20:30) The $100M story of Thistle

(24:30) IDEA: Affinity-based retirement home

(34:30) IDEA: Yelp for professional services

(38:48) IDEA: Pearly whites

(42:10) IDEA: Outsourced pizza

(44:40) The story of Grey Goose

(48:00) IDEA: School for AI Tools

(52:00) Sheel's credit card stack

(59:00) Sheel's position on crypto

(1:03:00) Learning to sell


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Links:

• Thistle - https://www.thistle.co/ 

• Sam’s List - https://samslist.co/ 

• Pizzeria DeLuna - https://pizzeriadeluna.com/

• U.S. Bank Smartly Visa - https://www.usbank.com/credit-cards/bank-smartly-visa-signature-credit-card.html 


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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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

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