October's Funniest MFM Moments

yeah i feel like i could rule where i know i could be what i want to put at all in it like a days off on a road less travel never look back hello and welcome to my first million this is producer ben and we've got a best of addition today and today we're doing something a little different i went through and found what i thought were the funniest moments of m m from the month of october my first million is first and foremost a business and entrepreneurship show but it also a kind of a comedy show so i wanted to highlight a little bit of that so to start with we have sam and sean talking about kristen kent a woman who bought sarah's list dot com and held at hostage and here's sam sean are negotiating the details of a fully fleshed out sarah's website my might look like the real value here is not the domain it's not the website it's kristen kent okay so here's my here's my proposal to kristen kent here's my counter offer my public podcast counter offer to you kristen i'll give you the twenty thousand dollars i'm give it to you in fact i'll give you the thirty thousand dollars that you paid for this this domain if you really paid that much from this domain i mean that's kinda crazy and but it comes with this catch we're gonna work together on this project you're gonna do the work on the on the company side and i'm gonna do the work on the promotional side the distribution side and here's what we're gonna do with s list we're gonna turn sarah's list into a half a million dollar a year passive income stream passive ish i should say passive it for me a little active for you by the way by the way sean when do you say we we gotta let's remember that this is sarah's list of which i am fifty percent of sarah so whatever is is is on the side right now so sam said no no no i got the record no a moment ago and he's not a part of the counter offer sarah herself will get a one percent royalty as we use her name not wait here's what we gotta do what what what percentage of the of the of the dividends would you give or would you want kristen to have chris kristen deserves fifty percent she fifty percent i agree but the other fifty percent split you and i split and ten you got it sir so the other share the royalty with sarah so so here's what we're gonna do actually don't know if i you wanna say this this deal now that we're having these the this is this intense negotiation i wanna give out my great idea okay i'll give up my great idea so here's the great idea here's how we're gonna make this work so normally a job this is like monetized as a job board right it would be a list of companies that we are c saying these companies are great and let's say we might take it to twenty four or twenty five companies rather than the twelve we have today and normally on a job board you pay like five hundred dollars a post for for a job posting so we would need to go reach out to those companies to get them to post and the other thing you know but but hey this is maybe premium it's a curated job board maybe we could charge more maybe a thousand maybe two thousand dollars to be be posting your jobs on here so if we got people to do that you know let's say two thousand dollars a month twenty four companies let's say half half of them actually do it you know that's like twenty four k a month not bad but i think we're gonna be in this kind of constant sales outreach period so let me put out a different idea here's a different idea we're gonna take these companies and we're gonna host a demo day once a quarter what's that what's gonna happen at the demo day we're gonna basically each week we're gonna feature one of these companies we're gonna create an email list we're gonna spin off our current email list and we're gonna say we're gonna feature one of these companies we're gonna do deep dive but why this companies is a good company to work for and interested people you know high high quality people in tech might well that needs to be an upsell that needs to be an upsell where it's like for twenty five doll twenty five thousand like you get a deep dive as a minority owner i'm not sure you have a say here so it's earlier voice it was so faint like your equity ownership in this so so you're we're in the same room do you think i would have hit you already or or or will that be coming in the next will that be coming in the next ten minutes or would it have already have happened okay next we have sam sean talking about working in tech and working in tech adjacent businesses and what it's like to work with really smart people when you yourself are not technical because you you you you previously had a company that was a a my i would tell my parents i had a tech company but it was really just an email newsletter it wasn't a tech company you actually had a proper technology business right right yeah you you were just basically like writing for brochures and whereas i was running a a silicon fan yeah yeah enterprise i'm like i'm like a restaurant who has an online ordering menu calling themselves a tech company yes the next school yeah yeah i'm used to working with people that are way smarter than me and i like go over to i roll my chair over to their screen and they're just like what do you want i'm like hey but can you do that thing again where you made the thing like bounce during the animation like that was so cool i wanted just like upload this to my twitter could you do it again and they're like yeah sure yeah so i'm used to working with designers and issues i wait talented so i i kinda look at it as as follows my plan is this invest in everything because investing is easy and great right like i'm a believer in this wave i'm excited about this and i think that i can help because a lot of the people who can build this stuff they don't know a where to apply it like what's the what's the actual pain point i should be solving and b they don't know how to like build maybe a defensive business or a go to market strategy that might make sense for them so i'm like okay cool i'm gonna invest in a bunch of these companies that's plan a that's already in motion it it would you say that this is the most interesting sector for for sure and i kinda feel like an idiot because it's like oh cool now you're interested in the new thing and it's like on one hand i get that you know oh crypto are you are in fact a dumb idiot who chases yeah i just chase the next shiny object and there's some truth to that like crypto was the more crypto prices went up the more i invested and the more you know then i created the milk road and like that you know i turned my content attention to it so you know now oh you know it's like that me and it's like you know the guy the guy who looks back at the new the new thing that's like you know the hot thing behind it it's like yeah ai is that new thing but at the same time what am i supposed to do i just saw a fucking flying object i just saw ufo what am i supposed to do pretend i'm not interested like no i'm super interested like keto count me in like beat me up and you know have your way with me aliens that's how i feel about ai okay and finally we have sam sean talking about grit and delayed gratification which is something that sam really believes in ans sean not so much there's this awesome book by this woman named angela duck worth called grit have you ever heard that book grit i've seen like silicon valley people talk about it well it's like centered around the story it's like a study where they give a whole bunch of kids they sit them down a table and they go hey look you can have one marshmallow now or in a couple hours i'll give you two but i'm gonna set this here i'm gonna go out of the room for a little on handle some stuff when i come back i'll see if you decided to eat it or leave it there and that will kinda tell me what decision you made sound good and they leave and you know they to see who does what and they measure these kids for like thirty and fifty years like for years and years and what they found is there's a correlation between traditional financial success you know like our traditional word of success there was a correlation between how successful they were and the children that chose to not eat that one in exchange for getting two in the future and the ones who put it off you know in eight two they were more successful and what you've explained to me is like the perfect like real world but rare example of grit where it's like no i'm willing to like not do this thing now in exchange for a better alternative in potentially in the future and that that's that's the clarification yes delayed gratification and that's like the best way to describe that i'm a marshmallow reader dude like saying i i i would have been that first and you know i had in my mouth while they're explaining these instructions what there's another one coming well i always got like frustrated when i talked about like you know i told you this when they talked talking about warren buffett and jeff bezos i was talking about patients and having fun i'm like dog your way too old go have fun now like there is no there is no long there is no long term man alright that does it for this week let us know what you thought of this funniest moments from october edition of my first million about if you liked framework friday last week we're gonna be doing more of that as well but again we're just throwing stuff out there and see what sticks so we'd love feedback on whether this episode was a hit or a miss oh yeah so that's thanks for listening i feel like i could rule where i know i could be what i want to put at all in it like a day's off on a goal travel never looking back