Sahil Bloom: Left Private Equity To Make Millions As A Content Creator And 3 Profitable Businesses To Start Now

Date
Duration
71 min
mobile podcast and video studio buy like a few vans kit them out with like a pretty fire setup up just in the back of like a normal sized van it doesn't even have to be an rv for like two to three people could fit deck it out with like a few good dslr cameras that can do the recording like dual camera setups up so you have like a few mics hanging off the sides and basically go and post it up in a couple of major cities like one van in each major city and rented it out for like five hundred bucks for two hours to do podcast podcasts recordings or like you know a couple hundred bucks to do like people going in and filming instagram shorts tiktok shit like that like if you put one in la and you put one in new york city i bet you could kill it what's going on who's who's the guest sean we got here the man who answers the question what would happen if sean was better looking smarter harder working someone bloom is here definitely not smarter yeah but don't dispute those other two i'm just growing with you so up guys happy to be how often do you get your hair haircut let's start with the most important question you know like every other week at this point now my wife is making fun of me for this because like it used to be that i'd go once a month wasn't a big deal and now i'm going like every other week because i like to keep it tight and she keeps giving me shit because we have a little newborn at home and i'm like oh i gotta go i gotta go right so yeah it's you don't call it a hair appointment that's the only thing you can't do if you say i got a hair appointment then you're out as a guy a place just can't be called a salon that's always been my role it's easy harbor machine you seem like you seem like a salon guy though the first looking you you're we're like you got like a worth sweater on you look like you're getting ready for christmas it's like it's eighty five degrees in austin in texas today yeah so are we at your like book reading for your for your work right now is what you doing it actually does look like you should have a fireplace in the background and you're gonna be like reading us a my stories and a soothing voice i'm definitely drinking tea right now so basically like your bio is pretty easy you were a nobody private equity guy the pandemic hit the pandemic hit and you're like i'm gonna be somebody in a matter of two years you got famous on twitter what do we what do we have nine or eight hundred thousand followers so you got famous on twitter and basically transformed your life all because of twitter and covid is that right i mean the nobody private equity got designation is not unreasonable that i mean that's like i i think that's totally fair i mean there's a lot of nobody like finance guys that are making bank out there though right like that would that would have stung but now you're like famous and stuff so now it's okay to to laugh at it i mean i don't know like do do you think it's things like the if you're making pretty good money doing something like that i mean vps and private equity at this point if you're doing well like you're making seven figures as a vp and private equity name four of them yeah what about dude i hung out with some pe guys the other day and i didn't know them well enough but obviously i just am the back of my head how rich are you and that's like just wanted i wanted to keep asking or if you own a pe shop is it safe to assume that you're just wealthy and how much do they actually earn yeah i mean if you are if you are a gp so like one of the principal owners of a private equity fund and you've been doing it like across multiple funds that have performed well over a period of time it's pretty safe to assume that you've got a net worth north of fifty million dollars because i mean you just like simple math on it right most of those funds are taking like one and a half to two percent management fees on you know if you're running a fund five hundred million plus a billion plus if it's like a real substantial fund so there's you know twenty million plus coming in a year on a billion dollar fund and realistically most of them don't have that many employees so they're not having to actually pay out a ton of that in terms of like you know operating cost and then you have carry and they're taking you know fifteen twenty twenty five percent of profits above their hurdle rate whatever that is eight percent so you're like you know you're talking about if they double the funds there's two hundred million dollars plus of carry to go around and so the principal owners of those are taking the lion's share of that which is how carry i mean if there's two hundred million and their principal owner owns twenty thirty percent of that it's a shit ton of money and the i think that i've always i can't decide if it's jealousy because i'm like you guys are making a lot of money for what feels like not a lot of work or if it's actually i dislike them because i feel and so they're just like excel sheet monkeys and they're like not actually creating value what where's is the reality no i mean they work crazy hard man i i don't i don't know anyone that is a long time gp in private equity that doesn't work you know seventy plus hours a week of like stressful work i mean it's the type of thing sean would absolutely hate like you think about like people that care about leverage on their time it's like pretty piss poor leverage and it's high stress work because you're pretty much of debt on these companies typically and you know during a downturn like right now right it's hugely stressful because you're constantly dealing with like breaking covenants on the debt and having to restructure and you know like basically what ends up happening is you spend eighty percent of your time on the like couple of losers in the portfolio and the winners you just like kinda get to set and forget it because they're growing they're you know you're getting like a lever upside on them because you put you know seventy percent leverage to buy the company sixty percent leverage to buy the company and you're just like eating off those couple of winners but you're dealing constantly with the ones that are losers so sean and i have our hand in this world where like we definitely sell and have sold courses and information stuff we also have a podcast and so that that's like this like personality world but then we also have built nice sized companies and we will continue to build very likely much bigger companies and so we have our foot in that world for you you have your foot in like the pe world as well as the thing that we're in this information thing where do you think do you think that one do you think that the information world or whatever we call this thing is actually a is it an equal revenue or net worth driver as like some of the traditional company building or pe stuff yeah i mean like i think you have to think about it in terms of like your you know profit potential multiplied by like the freedom and time freedom that comes with it right to like get to like kind of an adjusted profit that you can generate from something doing it in pe and like making fifty million dollars in p from a time adjusted standpoint is a is a pretty grind way to go do it it's like high certainty if you're just on if you're at a good fund and you're rolling with a good fund and you're like gonna be a partner there and you're gonna get more and more carry across you know bigger and bigger funds it's a pretty low beta way to go and generate that type of you know that type of net worth but you're gonna be working your ass off until you're like sixty years old doing it versus you know you go on the information side into the information economy and you're like doing a newsletter doing podcast courses stuff that you guys are doing where you're like you know sean might do his course and then a week make three hundred k and then be able to chill for you know two three months if he wants to because who cares right it's like it's just a totally different time leverage so i don't know it's it sort of depends on like what you wanna do in that regard dude what's your what's your job now i mean i kinda do like ten different things i've got the fund you know like so i up raising the fund and do the rolling fund sean but i've got a ten million dollar venture fund that i raised from you know a handful of institutions and then a bunch of like the gps at big funds invested in it and basically like kinda share deal flow i've got the newsletter which you know monetize like we can talk about it but like you know with newsletter sponsors now it's a hundred twenty five ish thousand subs and you know it makes anywhere from like three and a half to six thousand dollars per send right now and i send it you know eight to ten times a month so you know pretty nice just like business that scales to your point on like time leverage i write the same two newsletters a week and it's pretty nice business and then i had this agency business that frankly like started just because it was like something that i saw you know as an arbitrage opportunity early in like twenty twenty one and it ended up scaling into like you know order magnitude probably like close to six figures a month gross revenue business with super high margins and so i kinda just like kept doing it and kept walking into different areas with it and i don't know if you guys talked about this already but you had come to us or you were kinda talking on our group chat about like the fork in the road moment you had you were like we said before no name private equity guy making good money and you had started tweeting out stuff like pretty regularly i would say i don't know six months a year before that and you you it was clear you had momentum it was clear you were good at that you were getting followers maybe i had a hundred thousand or two hundred thousand followers maybe at that time i'm just rounding around and but it wasn't you didn't have all these other things like this clear like i have a fund i have a news newsletter that makes money i have an agency that makes money so you didn't know exactly what was on the other side of that hill and you were debating what i do should i like you know the the fork and there a lot of people should i stay in my job that's a good c she job or should i take this leap of faith into the the unknown give us like the two minutes story of like you know how did you think about that and how how'd you decide and was that the right way to think about it yeah i mean i like a lot of people had the like covid moment of what the fuck am i doing with my life and you know am i happy doing it like you know all of a sudden for the first time in my life after i guess it had been six years working in in private equity which at the time you know there's like eighty to a hundred hour weeks right so you don't really have time to look up you don't think about shit because you're just working and you're you know you're making more and more money and so you're like pat yourself on the back things you're good you're you know you're you're indian and sean like indian and other thinks it sounds impressive you know things are good probably wants you to go get an md but it sounds pretty good is that what you to do sean my mom yeah she was yeah yeah that all those things she she definitely was like don't leave a good paying job that was just like a general rule or general rule of thumb i mean my mom to this day still asks me why i didn't go to medical school or why i didn't get a phd in all seriousness like the the indian mother thing is sort of a meme but it's also very real the like you know you should go work for mckinsey if you're gonna work in in professional services that's the only place that is that's respectable but yeah man i mean i was doing that covid hit all of a sudden i was like what am i doing with my life i had time on my hands to actually like think about other stuff for the first time in my professional life and so i started i mean the twitter thing i just like i started writing and i didn't ever think of it as a potential way to like go make money or get another job or do something else but as it started to grow and as started to spiral you know we were in this like group chat together right and i started seeing friends from the tech world how they were leveraging you know platforms twitter etcetera to make money i was like i wonder whether there's a way that i can actually you know build like a little side hustle with this you know like whether it was courses or whether it was an agency business or like whatever it was i never really thought about the fund investing side at the time and then candidly like i had a conversation with you sean that i remember being really impactful where i was like at a real crossroads and i thought i was gonna i thought i was gonna kinda just like go join another type of invest thing firm and we were gonna move back to east coast to be closer family i was gonna do that and i remember you saying to me like it sounds like you're just gonna go do the thing that kinda sounds like it sucks instead of doing the thing that you actually get a lot of energy from which is all this new stuff and that feels scalable and that you're you know you're fired up about so why are you making that decision and until someone just reframe it for me like that i had never thought about it i was just gonna like you down the path that felt safe and so it was like a stupid conversation frankly but had a pretty big impact you had described it you were like i'm thinking about path a or path b but the way you described it like path sounded like shit like sounded super hard and not that much fun and path b sounded like a lot of fun just like you know someone unknowns but like definitely goods was gonna come of it and i was like how is this even a a decision like it sounds like you're saying i'm choosing between a bad option and a good option go with the good one funny story about path a so the at the time that path a this is real was to join like a crossover hedge fund like a hedge fund that also does investments in private tech companies my final interview my final interview i had to pitch a stock and the stock they gave me to pitch was stitch fix and i had to decide like i had a week and i had to decide whether it was a buy you know or or a short like if it was a long or a short and i did like a week of research like made this long deck like did all this work mean it was miserable did all this thing it was trading at the time at like forty six dollars and it had come off you know it had gone up to like a hundred in the whole like you know bill huang was like pumping up stocks by dude with like buying the swaps pumped all the way and then it came down to forty six and i pitched it as a buy got rejected because my pitch was shitty and now that's stock is trading at three dollars and fifty six cents so i would've have taken pathway and i would've have gotten fired within six months for sure dude so something that's interesting is like i get and i know sean does too i get asked maybe five times a week if someone can like write tweets for me or like cut videos for me and all this stuff and it's pretty crazy i don't know if it only happens like what the popularity level is where you have to where you start getting those inbound but i get it's so often that i get this and you like it's oh there's like this weird i get people asking me all the time to go are you in sa or are you in this person or are you in that person saw hill friends with this person because there's this like weird circle jerk of a twitter world and it feels feels as though that like you are connected to like many many many tens of millions of followers and reach and like there's those like weird behind the scenes thing going on with your agency it's the dark underground cabal that runs twitter no no i mean sean you actually remember this right didn't like some kid hit you up and say that he ghost wrote tweets for me and then you you just texted me like does this dude ghost right for you and i was like no i've never heard of this kid in my life he was just lying and then i hit him up saying like you know why are you lying that's the person and he completely panicked but yeah man i mean like the world of of ghost writing tweets has now become again like it's become a meme because what was it like business inside wrote an article about vcs getting getting ghost writers to write tweets for them that wasn't at all how my agency thing started it started in like late twenty twenty because i had started to figure out that threads were the way that people were growing on twitter and keep in mind like you know shit sean you were around the group chat at the time but that was like before threads had become the like thread boy meme that they are today and so there was like legitimate arbitrage in writing quality threads and i had all these startups ups that i'd invested in the founders of which were like wow we see a ton of value in having a platform at a brand can you help us think through to do this because you done it like i had at that point got to seventy five thousand followers or and so i was like yeah let me you know i basically like started an llc like an advisory business basically and i started giving like strategic support to these startups on how to think about content and then like how much would you charge them i was charging five grand a month to a start up for basically like you know it was like texting and then maybe like one call every other week and it was like so low because it was so low on time from what they needed for me because it was mostly like the founders didn't wanna actually spend a ton of time on it they just wanted to be able to like kind of understand it and then they would have people on their end that just like went off and did that so what was the high level like one two three bullet points that you would tell these founders so that they could just be better at this it was basically like you need your two or three pillars of content that you're going to be able to talk about consistently that are like valuable for you as a startup or as a founder so if you're a founder i mean at the time it was like if you're a founder talk about you know building companies and things you're learning along the way which now is like ultra saturated on twitter right there's like a million people that aren't necessarily credible writing about that at the time there weren't that many founders doing it like i don't know if you guys have seen the like copy ai founder i forgot his name paul you might be an investor sean you know that business sam not me i okay yeah i and he was like the first one sort of that was like really building in public quote unquote like sharing about their journey and the things they were learning so i was basically telling founders you have to establish like what are your two or three pillars that you're gonna be writing about maybe it's you know building in public maybe it's the industry you're in you know maybe it's like sharing elves along the way and like vulnerability because people find that end deer it's like it's called the pratt fall effect have you ever heard of that it's like when when people who you perceive to be perfect show like chin in their armor we find it as humans very end and we had it actually makes this them more and so you're like you know playing on that you're like sharing your ls along the way but i was basically telling them you know versions of that on a regular basis and like helping you know kind of craft and advise them on the content they're were putting out and it was like five grand a month probably had like five or so clients i think they were all like start ups i either like the founders i knew or i'd invested in the companies and so i was kind of around and it was you know beneficial to me to like see them continue to grow and do that you like invest in the companies and they give you that money right back i like that yeah it was a good way to hedge that i mean is a personal investments at the time so this was like you know i might invest like twenty five k a company and if i was making that back in five months that was a pretty good cash on cash return on the original investment but then like you know like after you know the ghost writing thing was interesting because basically like early mid twenty twenty one i had a few of those clients come and say like you know the biggest struggle for us is that we don't have people that can write this content like we don't wanna build out a content team when we're focused on product and engineering and all that stuff like do you have people that can write and right at that time i had done the course with julian shapiro our friend we did a m course on like how to build your audience and it was mainly how to build your audience on twitter and so half that course was about like how to write good threads and how to write for twitter and so i had this pool of like four a hundred students who had gone through the course learn the principles of it knew how to do it that then i was just able to sort of be a connector between like freelance you know writing talent to then support these startups and you know the the kind of fundamental of any agency business for anyone that's starting one is effectively that you're like creating price arbitrage where you're like charging a client ten grand for some or five grand for something that maybe cost you too and like you know the reality for most these people is you can pay a thousand to twenty five hundred bucks a month maybe depending on the output and you can easily charge you know a startup or a brand five for that or you can charge like a you know a a founder an entrepreneur who's doing really well just made a bunch of money five for just like the fact that you're the connector between the two points so that was when it like i would say like really started to scale but it was never for vcs for me like i've never i mean i've never had a client that was a vc it's it's all been founders and it's all been like half like half tech founders and half just like nuts and bolts like meat and potato type founders like sam's guys what your guys wait am i have meat a potato guy or you're like in a guy oh you're a meat potato got sean's my tech you're my meat potato like you know if something's like cool or interesting then it's kind of more of my thing and it's something like really boring and like you know generally correlated with like obesity it's your thing guys like so i wanna ask you a bunch about like kinda your your big vision because you're gonna be president someday i don't know people know this is a future president sitting with us but before we do that people always tell us they're like y you gotta do ideas with the guests meaning they wanna hear okay you're yourself you see a bunch of different things you see a bunch of different worlds what opportunities do you see that you think some peep somebody should be doing or a cool start up idea a cool business idea niche opportunity something maybe you're not doing or whatever do you have any kind of ideas on your cheat sheet yeah i've got three for you guys okay let's go through them so so first on the agency side just because i think there are two really obvious ones that like honestly anyone that's listening could probably go action on this if they wanted one is like linkedin growth agency stuff massive opportunity here i mean like you you you guys know a couple of our friends me and a couple of friends are starting like a spin off agency that's just gonna focus on linkedin because it's a massive arbitrage opportunity right now in audience growth twitter has become a lot more saturated because of the like thread boy thing and how many people are going and doing it linkedin like you i mean you can go post a few things and immediately be like getting the ten k plus and for founders and like business builders there's so much business on those platforms it's huge for recruiting so basically if you were to go start this the way i would do it i would go like go to someone who has a twitter presence and you can go create like tweet pick pi k is the like web service that i use for it and you can basically just turn tweets that are like proven with social proof into these like carousel sells on linkedin that are the big growth hack on linkedin and if you go do that for them and just say like look i'll take over your entire linkedin presence you never have to open linkedin because people hate opening linkedin and you just go and create carousel cells for them off of proven tweets and then go post it for them like two three times a week off their tweets yeah off their tweets off their tweets or off of like other writing that exists that they've put out like say they've written blogs like i don't know i mean if you went and found you know say it's like brian holiday and he's written a ton of blogs that are all over the place but doesn't have a massive linkedin present you can go like turn his blogs into just shorter form writing that you put into posts on linkedin and say hey i'm gonna i'll post for you three times a week you never have to log in don't even worry about it and we'll grow you like fifty k by the end of this year either pay as like you know charge us like a success fee like if you get to this level you pay me this or you just say like pay me five grand a month and i'll do this for you two and half grand a month and i'll do this for you and the amount of time it would take you is literally like i mean you could probably do like an hour a week to cover a a single person to like you know call it four hours a month and make five grand it's like an an an awesome awesome arbitrage opportunity so that's one like any thoughts on that sam i i think it's awesome yeah i'm i'm probably a similar so i i hired this guy as a content remix for me and basically it was take content from the pod or or twitter and remix it into content on other platforms and i focused on i focused him on linkedin because i thought thought the thing you just said i had kind of a hypothesis that that's true and i'm now at thirty eight thousand followers on linkedin and i haven't opened linkedin once so if you see something on linkedin stop me writing it it's me i mean the same thing happened to me but it's not me writing that but hold on sean so you got thirty eight thousand let's say that you post by the way this is like in two months or or something like that let's say you post a product that cost or your power running thing let's say it's a thousand dollars and you sell a thousand dollar thing to your thirty eight thousand followers how much revenue will you make from that i don't know haven't tested it sorry you might know better but i also haven't been doing it for long enough i wouldn't expect to be able to get value because i don't think i've given enough yet like the twitter same thing you know like people say oh man you guys just you can sell a course you can just like say you're doing this new you had a bunch of sign ups like yeah but been doing this podcast for three years do you know three hundred episodes you know the hundreds of hours of content that somebody's listened to so yeah they trust you and they know they've come to a decision whether you're smart and interesting or whether you're full of shit and they've do they they've done they've made that that they've done all that work and i've done all that work beforehand so then when you make an offer it's just a simple yes or no if it doesn't fit their life it doesn't does do they think it'll drive value they already trust that you could do it on linkedin i wouldn't bet that that would happen yet because it's just been so recent yeah i think you have to get i mean there's like a there's like a low there there's a bar that i think you have to get over from a follower account standpoint point if you use that as a proxy before you can like con conceivable harvest value you gotta like you know plant enough seeds over a period of time to sean's point i think like a hundred k is probably the point at which you can start harvesting value from linkedin justin welch is this guy that you might have seen on twitter or linkedin he was like kind of like godfather linkedin influencer and i think that dude now is making like a hundred k plus on not even cohort based courses just like auto courses that he generally just promotes through linkedin he like he has a newsletter now that he's built through linkedin like built on the back of linkedin and now he's bigger on twitter because he's managed to like cross across all of those but he's doing over a hundred k a month in in sales revenue on his on his courses which are just like you know they're just they're they're they're not cohort based so he's like putting in no no time dude but got them set up this is interesting sean have you seen what sci has been doing on instagram on instagram now so basically instagram you're always blowing up so listen to this so around the same bad content no listen lost hair it's just mostly hair and shirtless and ab thirst traps but around the same time so saw helen and i both around the same time we're like alright let's take instagram seriously so i started doing it and i was beating him nicely adding a thousand people today i think started with five thousand people and i got to like forty eight or fifty thousand in a very short amount of time and he was doing his thing i was like you need to post twice a today day i think and he starts doing that and then he just kinda like has rocket past me now he's got to sixty two thousand followers in a very short amount of time adding one or two thousand people a day and he's doing this exact same thing where he's taking his tweets that do well and just posting them on his instagram and like so two points here one there's a world where this is just total vanity nonsense and a complete distraction from people who have like their main thing on the other hand what i'm curious about is how much revenue can this drive to people if their goal is not to be a famous salesperson person their goal is just to sell more shit of whatever their own they own already and so i'm curious sa is of you if k well this does this actually drive revenue for things other than i right now right now it's generating about a so instagram this past month i think generated a thousand newsletter subs for me just through the link in my bio and that's like you know on average i probably had thirty five thousand followers during the month and it generated that many so con conceivable as it continues to scale it'll drive you know well north of that as it as it moves and if you think a newsletter subscriber form is worth you know just off of my sponsor revenue probably like three to four dollars per sub and then if you take into account my book that's gonna come where it's like extremely valuable to me if they buy a book i mean it's a bunch of money a month that's coming off this that scales over time right and that's just instagram and you think about linkedin that's another big driver you know all of these platforms so and like they're when they're ghost writing agencies they're people selling products mostly on instagram without ever posting like their face these guys are literally like making carousel sales of images and stuff and they're doing fifty to a hundred k of revenue through it what's an example of that there's this guy dakota robertson like wrongs to write i think it says like twitter handle and maybe that's his instagram handle too and he's got like i don't know two hundred fifty thousand followers now on on instagram and like blew up real fast there just from posting his viral tweets over to over to instagram like almost never shows this space and dude it is has a thriving ghost writing business through this gotcha yeah i'm torn because on one hand you are like perfect execution of a strategy that i now hate and so i'm like respect to you but i'm like i don't even wanna talked about this because i know what's gonna happen is there's now gonna be nine thousand new people who go this podcast is gonna breed nine thousand new people that are gonna go be like this is my thing i'm gonna do this he said i could make you know x amount of money per month and their execution is gonna be nowhere near yours and in general this is like a it's like a pathway that definitely works but it's like a like the wheel suck this like windows opportunities closing and it provides i think the winner is closing that's an important point yeah i do think like look i mean when i started writing the threat i sean you were the same way right like any thread you wrote would blow the hell up early on because there just weren't that many of them and so it was like it it's took market it wasn't saturated and now it's pretty hard to get a thread to like really take off unless you're doing the like ten youtube channels that will change your life we're free which is the things that it it's like getting fit through power walking is power walking gonna burn calories yeah yeah for sure are you probably not gonna get injuries yeah but like you have to look like a do fist doing it in a process everyone in the neighborhood gonna know you is that weirdo power walking like i you know what i mean and i i'm guilty of this too right like i did this strategy as well of being like oh i'm gonna create content for for you know for fun initially this podcast twitter that sort of thing and then oh shit okay if i kinda sell five percent of my soul or ten percent of my soul to the algorithm i think i can get this bigger okay i started doing that and then it's like oh i could make good money doing this and i you know make some money doing that and that feels fun but like i just wanna say as a public service announcement there's some people who gonna go do this but let's say you're somebody who's awesome i'm just gonna say this down this was awesome to do when it wasn't figured out now that it's figured out this is certified official small boy stuff and i do not recommend this to anybody else and i myself have stopped doing this i haven't pushed a right and and but if you are interested in this late ass shit silos hills guy perfect execute that's a difference though anything like i i've tweeted i'm sitting in this house because of it i i tweeted this as a lovely house i got lovely house dude got write look you you you you have to figure out what the what the area is where you're gonna do it that's not crazy saturated and cringe and and to your point like you gotta figure out what percent cringe are you willing to be like if writing a thread is ten percent cringe like what level above that just natural baseline are you are you gonna figure that out are you talking what no i'm not i'm willing to accept that already like ten percent of people just immediately sit it and they're like oh this is super cringe and then you just have to decide like what level you willing to go above that if a hundred percent is like ten chrome extensions that'll change your life and fifty percent is like you know here like the ted talks that change my life what's like twenty percent is it some of the stuff i post probably and like if that helps a few people out there and like a bunch of people get pissed and think that it's not for them i don't really give a shit personally like if i help one person and you know someone hits me up and says like hey that changed my perspective on x y or z that's what gary these been doing for decades man and that guy's a legend of putting out content that's like list and like you know like motivational stuff tony robbins like grant card owned and these guys like they get hate because it freaking works and it helps people right so i don't know i i would say like have you ever been to a tony robbins event yeah and i'm sure if you went to like you went to like an unleash the power within or something yeah great i went to loved it thought it was amazing i don't know if you liked it you could give you your quick reaction but i a different point yeah i love it i mean i love tony robbins stuff me too and he gets on stage and he's doing all the things that you could criticize somebody for he's he's clapping he's saying get up and and jump he's saying what i say you know he's gonna ask a very basic question and the only answer is yes but the whole crowd says yes like a cult and you're like oh he's doing all the things but he's doing it at like an a plus plus plus level he totally probably in my opinion the best public speaker i've ever seen and i've seen a lot still like obama yeah yeah he he's i think he's even more powerful than obama because obama has moved but obama doesn't get people tony robbins get you to walk across ko and like shout your greatest figure out lot i've never seen obama control a crowd for twelve straight hours like tony robbins are do it an event but here's what happens if you look around in the crowd and you're like there's a whole spectrum of people at the one i was in it was like there were celebrities there you know the the guy from three hundred what's the named gerald butler he was there he was like right two rows down for me i was like wow this is interesting there's some interesting people here and then in the hallways that would be a bunch of people that thought they were the next tony robbins and they were life coaches and motivational speakers and they were you know change consultants and every cringe name you could think of and then you go look at their stuff and it's the same concept but not executed at that level because they didn't have the hard won life experiences that that i had to actually like create this content they didn't have forty years of sharpening their craft to becoming the best they didn't have the natural talents and charisma you know larger than life presence and so you can you can look at the best you can look at the gary and the tony robbins you can look at you on twitter and say that's dope you know i could do that and some people a very small amount of where people can do that but for most people they will fall into the pit of cringe because they're not gonna execute it at that same level they didn't have those hard won lessons of actually knowing what they're talking about and and they're gonna end up in this like weird middle ground and i think that's the scary part i can find this client in paul have you heard of hubspot hubspot is a crm platform so it shares its data across every application every team can stay aligned no out of sync spreadsheets are doing databases hubspot grow better i mean that's kind of like that's like any market though right like you know so someone starts a company and it's the a plus version of some like a restaurant chain someone starts a restaurant chain that's like the a plus of that thing and then a bunch of people come in to try to mimic it and it's like the b plus version and you know like whatever like say in and out as the a plus burger version and then someone cut tries to come in and start the like five guys or whatever next i'm probably gonna get hate for saying in and out better than five guys but you know whatever like you kind of have the diluted versions and the question is like aid do you care that you're the diluted version of tony robbins if you're making money doing it and taking care of your family because like i i know a lot of people that are just like i don't get a shit like you i grew my audience super cringe stuff and i'm making twenty five grand a month i was making five doing my prior job ten doing my prior job i'm making this sitting at home and i guess spend time with my kids what do i give a shit if a bunch of tech people think that i'm cringe like i'm making money it is what it is and so i kind of i appreciate that too the other thing i would say is like what game are you playing like what is the long term game you're playing and for me i was always thinking about like what is the thing i'm trying to build long term like i wasn't trying to be you know a twitter thread like the a thread guy like that's not my long term vision of what it was it vaulted me from being a nobody private equity guy as you said to like i signed a book deal last month like a big book deal last month you know like i raised a fund never would have been able to raise a fund as like this nobody vp and private equity and so to me it's like what are you actually par that shit into as you continue to go if you're able to find the thing that you think you're a plus at even if it's for a short period of time like how are you using that to vault yourself into that next level where you're like i'm not even in the same class as these other guys that are doing the thing i was doing previously because i moved into whatever that next you know that like upper echelon echelon is do you know you you're worried about elon screwing it up for you not really you know it's funny well did he see what he really quickly he he he like said something and then steph my old coworker said like does this mean that like the thread boys are gonna go away and actually forget his reply what did he say but it sounded like he was saying he did like a crying emoji mean yeah like i think it was something about he said you know you could basically like put a long form text onto a tweet so you don't have like people were used to take a screenshot of like their notes app on their phone to post a long form thing i think all that stuff is good i mean like look i i've already benefited from being early to a market like i grew to a big level i built a brand that now extended into things that i own like the newsletter you know that's gotten quite large and growing fast or like the fund or like the book whatever it is i would be more worried if i was like just starting out in any one of these things and like had dedicated all this time you know if you've reroute me a year and i was like just starting to get all these things going i'd probably be a little more worried but the reality is it's like eat or beat eating man if you're if you're not like figuring out the new way to to to you know be on the front of something and be building in these other areas you're in for a tough time no matter what let's talk about this news newsletter thing so this is second idea biggest issue i have with my newsletter is i wanna write it like i i love writing that's my number one thing that gives me a lot of energy i freaking hate thinking about and dealing with any of the like business or growth outside of the newsletter the business side is very easy to outsource there's like i mean you know there's there's ad agencies now convertkit has an ad network where they'll manage the whole back end of your newsletter they'll bring in sponsors for it they'll send you the money it's like super super easy it's amazing nathan crushed it at getting that thing out there but the like growth side of newsletters is completely untouched there's no one out there that i've been able to find that is like a full sweet growth service for your newsletter and when i say growth sweet i literally mean like i want someone thinking about my landing pages and optimizing that i want someone thinking about referral networks newsletter swaps i want someone thinking about paid ads you know seo from my website to drive subs how to optimize it across my different social channels literally just someone that's sitting around thinking about growth for the newsletter so that i can just focus on writing and i'd literally be willing to pay i mean my willingness to pay at the size of newsletter that i'm at now and given what newsletter subject are worth to me is very high like i would easily pay ten grand a month to someone that could figure that out and do it in one place on top of whatever i would spend on paid ads etcetera do you think that that thing work is gonna do that no dude i mean like i i don't know how much you guys know about we're i i don't know a whole ton about work but from what i can tell it's mostly the like back services of newsletters and there's another one called smooth ops that i think spun out from morning brew didn't work work we spun out of the hustle didn't it not spun out they they worked for the guy was there yes same thing with the morning brew smooth ops like my understanding of all of those is that they're much more focused on like helping you monetize and you know managing your like business that you can focus on writing i literally just want someone that just all they think about all day like a an absolute killer that just all they think about is growth i mean sean did you have someone i'm or was ben like that at at mill road my guy was right sean no ben ben was the guy who woke up every day just said how do we get more subscribers and like you know that's that was his mission and that's what he did so you know that's the but you know we needed it's like you don't have a bell was like more of a company whereas like you know most people's personal things are not like you're at a size where there's just not that many newsletters that are at your size that can afford to pay for something like that you know how many people how many people could afford to pay ten k per month to try to draw growth the so i think a lot so my hypothesis is so i tweeted this in a bunch of people are like replying saying they would pay for it in different ways my hypothesis is that there's a ton of like successful founders and entrepreneurs that want to build a newsletter an known list or like an essay type thing like what sam alt or paul graham have where they have you know seo and newsletter you know like emails that are coming to them and they're willing to pay a lot because they actually have been successful and just have a bunch of money they don't need it to be revenue generating out at the outset and i think you i mean i bet if you developed some sort of core competency and basically like partnered say say someone partnered with me and proved it out over like two three months had drove this and then we're able to use me as a case study maybe i own a percentage of it you know on the upside and so i'm inc to like bring them new referrals i bet you could grow a pretty big business there quickly mh yeah and you only need like twenty clients basically to make this like get worth a while yeah i mean it's a personal business you don't even need twenty clients i mean you can get ten at five a month or ten at ten a month and you have like you know it's eighty eighty plus percent margin probably business if you running it simple but are you having the headache of having service business yeah let me yeah it's definitely not product yeah was like i've thought about starting at agency like maybe twenty times of my life and then literally minutes later every single time i'm like don't go in the service business don't go in the service business now i we have several friends that have done it right like you know andrew will consent it with meta lab our buddy greg just done a great job with it with late checkout you're doing it now with your thing so you know maybe i have the wrong bias here what do you think i mean what you have to do is hire a great operator if you wanna be the like owner of some percentage of it and not have the headaches you gotta just recruit a killer operator who's gonna run all of it i mean that's what we're doing with the spin out agency that we're doing now around linkedin stuff is like just gonna hire someone exceptional and give them like fifteen percent of the ops and just say like you're a hustle or you're a killer you can get a whole ton of that what man i my finance team van never heard that really oh no that's the that's the that's the no name pe guy coming out of me right there yeah the number thought earlier guy was a guy who likes a dodge ball and recess like that's what pe used to me earlier he was talking about beta and i was you talking about nerds i don't understand what both hell is beta is good yeah well talking about beta is like a a good thing i was like i don't understand what that means you're kind of a low beta guy actually so but i think about it like you kinda you're kinda like even kill like i feel like i know within a band what i'm gonna get out of you any any given day i i i think you're complimenting me but i don't i i i know you like you show up you tweeted about that recently you hate when people they're gonna do something and then not do it like you so you take pride in being low beta like people know what they can expect from you on wanna get you day by the way what a what a stupid thing to tweet yeah like i like long walks in the beach in movies like who who likes somebody who says they're gonna do something it doesn't do it what an obvious tweet yeah first of all give me the cloud that i deserve like it don't hate what what it's style say don't hate number two i'm not saying it's like people who say they're afraid of heights like yeah everyone's afraid of heights but like you just like some people that just like i you know it's like what's high on your list yeah i don't think that i don't know like like there's a lot of things that know you sean that that don't annoy me and vice versa like what what's what's one thing and noise is you sean that you don't think noise sam i don't think anything a noise nothing a noise me that's i i asked the get wait really you don't think anything bothers you nah think now i wanna dig bob bothers you i i guess what what bothers me is only usually things with myself so like if i find myself in a bad mood or like getting annoyed with something that are getting bothered by something or getting impatient with something that's actually the thing that bothers me i'm like man i let this get to me like for like that second that's the thing that gets to me right so usually it's not something that frustrate me or annoys me it's usually either impatient or boredom or feeling cranky or tired or something like that you know like you and i'm like oh no don't wanna be that way that that bothers me so for years i used to say that sean i was like i was like i think i'm gonna have a pretty steady path to wealth creation and sean you either gonna like it's not gonna be as extreme i think we we've joke around with mister bees for like you know six out of ten times if you're were reborn you would be a to degenerate like gambler or drug addict and like four four out of ten times you'd be successful with sean it it's not that bad but it's like you know you're gonna you're you're the type of guy who can rolls the dice and like you might actually hit it big there's a good chance or you might like just be only okay for a long time and now so i was basically saying yeah your likelihood i think of being a billionaire is actually higher than mine but your likelihood of being like a degenerate is probably also higher yeah hi beta yeah but here's the problem with sean i've just realized over the past handful of months he is too emotionally healthy to probably be incredibly successful he has this problem that few people have which is he's just happy you know what i mean he's got this it's just this man depends on your definition success man i would argue that sean is the most successful then man if he's like super happy yeah if need define sex by success by these superficial things like happiness and well be all that bullshit it's stupid stuff yeah i do i will say that sean has had more like high highs and low lows this year at least for my like perceived view of not and like and he's totally un unfinished like sean i mean flash back to like you know like crypto crash right i'm like y sean's down bad i'm texting sam i'm like is sean okay like sean's texting the group chat totally fine i'm like y is sean broke like s doing margin called right now like i have no idea what's going on and then sean's like y i sold all my stock and i was like holy shit sean sold the bottom sean sold the bottom like market's roaring in june and then the market crashes again and sean's is a genius trader that like sold the top of the market or something do dude is just like does that stuff bother you at all sean like first of all what prior to selling a business recently but what was your network down just a significant amount yeah probably i mean it's hard to calculate that sort of thing so but let's say liquid of the liquid stuff so not counting equity in companies you know it's probably down fifty percent or something like that i mean i most of the investments i i i didn't keep much cash this is my investment strategy pre twenty twenty two right so my best strategy pre to you was cash is trash and you know fist bumps all around to my boys we thought cash was trash then oh don't dude is there a safer investment than amazon this blue chip right like that's my version of of of safety is yeah i'm gonna put in some boring tech companies you know the the amazon's google's facebook's of the world what could go wrong and and then lastly you know then you know huge amount of startups ups that were that were you know getting marked up like crazy fist bumps all around getting my ups because my ups was going ups and then the last thing was crypto and i was like oh well see your voice a genius and moved a huge percentage of his net net worth into you know bitcoin and ethereum and oh and then this luna shit that's pop in i'm doing great so you know that's that was me before so basically every single thing i had invested in has gone you know what's you know the that thing like my terrible horrible no good very bad day like i was basically having that for this year in terms of investments but you know whatever did it bother you didn't like losing money but like you know did i let it bother me no like you know i basically lose steps no i took steps i was like okay well what matters here like okay let me just first get perspective you know am i in any kind of hardship as my family doing poor now they're they're fine right secondly what should i actually do do i need to make some adjustments was i wrong about certain things or should i do some things to give myself more comfort so why did i sell sold i basically margin called myself i was like you know what i think things are gonna go lower and i don't wanna sweat this all the time so i'm gonna sell this amount here so that i don't have to worry about anything i'm gonna move more into cash and i'm gonna book this loss because i think that'll that'll offset against some gains that i have this year and you know then i won't have to think about this stuff for a little while i will focus on these other things that i wanna be focusing on because i'm not a trader i'm not a like investment genius so that's not gonna be my goal and then yeah then it'll just i don't know i i never got my happiness from when it was going so why would i get my sadness from when is going down it didn't make sense to me you must have felt good when luna like i think you you originally plugged luna in milk road at like forty and i like i bought them i was like y sean's pretty smart he knows this shit hands down and so i like i bought a bag like you know what i'm not like not really to degenerate crypto but i like bought a bag balloon and that shit went up to like one eighteen and i was like y sean is my god like sean what other what other ideas do you have and then i we were supposed to interview on our old pod we were supposed to interview dope kwan like i had hit him up on twitter he's supposed to come on the pod on like a thursday and on that sunday like luna had been wave like it had come down to like eighty or something and i get an email from his assistant that just says unfortunately dough will have to reschedule the interview for this thursday and i'm sitting in bed and i'm like i got a little bit of the he b g like i don't know what this is so i go downstairs and i sell my entire bag at like i don't know a small gain like not not good i saw the whole thing next morning i wake up and that shit's at like five like the whole the whole thing unravel overnight and then i get an email from his assistant saying like he's gonna have to cancel the interview and i'm like yeah this dude has a red notice out for him no shit not coming on our podcast at this point yeah that was that was a bad day i was on vacation i was in hawaii with my family and watching my and i'm like i don't even have i'm even at my computer like i can't even get to my crypto like it's not like on my laptop or whatever so i'm like well couldn't couldn't make a move if i wanted to so i guess i'll just like you know lose all this money here and you know we just enjoyed this vacation there's nothing else i could do at this point you were remarkably cool about it i remember texting with you that day the the framework you've talked about in the past that i love around this stuff is your local versus tourist thing i think that's so good of like you know tourists like freak out when the seasons change and just bounce yeah and locals are aware that there are seasons and that you know it there it comes in swings and they're aware of the environment so they can stick it out and be fine through it i've always just thought there's a third one which is the like stubborn local like the dude that lives in the coastal village and is like global warming is not real and then he's fucking underwater and like drowning and he's like global warming is not real as he drown and so i'm always just like how do you make sure that you don't go from being the like the local and you're proud of being local to the stubborn local that just sits there until you die yeah that's the hardest thing and i remember with startups this was always the question because you'll hear a story like pinterest had no traction for over a year and then finally started to work because he walked into an apple store and like started putting pinterest as a default homepage on these you know he hustle he was determined and it's like oh okay got it so determination just keep going even when all the data's telling you that this ain't working and then there's like the exact other advice which is like you're gotta be super data driven feedback oriented you gotta listen to the market all that matters is are you making something people want and if you have no users you gotta like you know make a adjustments you gotta pivot and so the hardest question as a founder is to know am i being the right kind of stubborn right so am i being stubborn because i'm right and i need to you know just tweak just make small adjustments and just stay at it be determined and be persistent or am i banging in my head against the wall and i need to listen to the to the signals and i need to be changing my mind and nobody can give the generic advice about when to do what it's super like super context dependent super circumstance dependent same thing with investing right like you know am i should i should i should i still believe in something even you know do i believe in facebook stock now that it's getting crushed right and for me i went and bought more recently because i was like you know what do i believe about this company and has that changed and so the tourist first local right is you gotta ask yourself like does the thing i believed about this has that changed so do i have new information that makes me update my thinking here do i am i you know am i holding onto to this position just so that i don't feel like i'm wrong right like you know am i am i willing to upset except being wrong you have ask yourself all these questions and be able to be honest with yourself and changed with crypto has what sorry has your opinion of crypto changed and your conviction no my my opinions of my conviction has stayed the same but that's about crypto as a whole right then on each specific maybe project or coin and you might have like a slightly different opinion you know it what well what's that's one thing that you think is bullshit now that you didn't think it was bullshit a year and a half ago i'll give you an example where that's not sure that i'll give you an example where that's true so the not true one is like let's take luna for example the the bet on luna was always knowing that there's this the way it was architect it was this thing is gonna rocket it up because the sort of the what they call the po right like the game theory incentive yeah but people don't understand like basically it's this economic a series of economic accent incentives and so the incentives were were aligned such that this thing should go up during the during you know when as certain participants behave a certain way and from the beginning there was always these blog posts out there about what does the death cycle look like so what if this reversed course would this not because luna is the collateral would it not cause it to you know collapse really fast and the question was like will that happen won't that happen so even when you invest in at the beginning we wrote our little investment memo to ourselves about like here's our one pager why we think this is a good idea and why we think this could go horribly wrong when it crashed it wasn't like something we never had never thought of it was oh yeah that downside scenario we talked about it that's exactly what happened right like basically there was a giant you a cell pressure that that card caused that cascading down cycle yep we always thought that could happen we had hoped it wouldn't happen we had thought that maybe there was a you know there would be a way to to put bio pressure back against it but nope it wasn't gonna work and so this is very fast example of basically just because it turned out bad doesn't mean that the doesn't mean i changed my position because actually at the beginning we said well here's why i'm not putting my entire net worth into this right i put two hundred fifty k into it that's not like a a massive bet for me it's a solid sized bet right so it's like you know i put a appropriately sized bet because i thought i had upside and i thought there were some some key risks with it the thing that i would say i've changed my opinion most on is i thought man if people start to worry about inflation and they look at man you know i have the same hundred k my bank but it just doesn't buy me the same amount it used to right they'll realize like people will become more aware that the money they have is diminishing the cash they have the us dollars they have is diminishing in value that they will probably look to go to a more a monetary system that doesn't have that problem and so the idea that bitcoin will do well if people start to if if inflation becomes something that people are more more worried about with the us dollar and that hasn't happened inflation got as bad as it's ever been but people's response was more conservative than aggressive people did not make a change to the bitcoin monetary system which would not have that problem they sort of you know sort of stuck with it and actually the us dollar gain strength ripped because other currencies got crushed even worse and so the dollar gain strength so that was one that i had thought that this was this is was what would happen and it makes me reassess was my logic incorrect or or something else you know what what what did i get wrong about this idea that in a high inflation environment bitcoin should be something that people start moving more into i mean the bitcoin one is actually pretty interesting sean because i i thought about that a lot too of is there is there something just like in the segmentation of how the price went up that is impacting that because i still think basically my assumption of why that didn't happen like why that you know scenario of high inflation and people fled into this is that most of the price increase was actually just driven by this like number go up you know crazy you know loose monetary policy people just pump into speculative you know high risk assets and that it wasn't really driven by like believers like you who underlying were like there's really good fundamentals the technology really makes sense driving up it was mostly just like my random friends who were like bitcoin number go up this is great and then they freaked out when it went the other direction and and pulled out you know interest rates rise me pull out i wonder whether like if you segmented it somehow of like the true underlying technology believers my guess would be that the picture would look different like people that really are like thinking about the technology and thinking about the underlying you know kind of like monetary policy that exists on the network my guess would be those people think that this is a great time to be accumulating and buying yeah yeah i i think you're right i think you're right but basically it's just in my mind it was like a very simple picture it was like you're playing one game and the rules of this game are that the bank gives you some money it's a game monopoly where the bank gives you some money but every year your money becomes worth a little bit less by design they're trying to make a two or three percent worse per year but sometimes i gets ten percent worse per year right or nine percent worse per year right that's the the game is is set up that way and hey oh y there's this other new addition of monopoly that came out or that doesn't happen to your money my assumption was like oh people will just start to move to the new edition because they're not gonna like when their money becomes less valuable over time but i i i don't think that's the message that's got across it was basically bitcoin how you get rich or bitcoin how you lose your money and that's the narrative that actually like played out because it was more it was more aggressive but bitcoin will make you rich was a easier sell to to people yeah and it was also the reason why they'll start to sell bitcoin when they re when they feel like oh bitcoin crashing by the way i've got one more non agency business idea for you when it's non services but maybe it's slightly so not that much services more product mobile podcast and video studio yeah my dude it's such a pain in the butt dude huge pain in ass buy like a few vans kick them out with like a pretty fire setup just in the back of like a normal sized van it doesn't even have be an rv for like two to three people could fit deck it out with like a few good dslr cameras they can do the recording like dual camera setups so you have like a few mics hanging off the sides and basically go and post it up in a couple of major cities like one band in each major city has like dope backgrounds cool lighting like you know whatever do the neon signs and shit in there and rented it out for like five hundred bucks for two hours to do podcast recordings or like you know a couple hundred bucks to do like people going in and filming instagram shorts tiktok shit like that like if you put one in la and you put one in new york city i bet you could kill it on a cash return on one of i just joined this gym called the collective in austin and it's like this like fancy whatever like and everyone there it looks like an instagram model and they have like c working there as well but they also have three studios for podcast picture taking like they just they just really don't know their audience and i went there and everyone looks like they're the type of person who is like if you follow a shirtless rip guy on instagram and they live in austin they're probably a member here and i mean if you catch them on bad lighting they don't even look that good but like somehow in that lighting you'd look unreal i i i i think you're making fun of me i don't know what well i think makes a huge difference with with these like instagram models right so like you just get good lighting on one of those things but you can do let i do think these like mobile studio that you could crush let me ask you much at these u haul box trucks so how much do these cost to buy so it looks like you could buy a used one of these for like twenty five grand right so twenty five grand and let's and you only have to put five down yeah you put five down you're probably gonna need to put another five into the kit like to make the the thing work and you probably need to do operating the thing but maybe maybe you could get rid of that probably not probably have to have an operator on site so i think that's the that's the tricky part where you gotta sell it as a as a membership basically it's gotta be a gym membership so it's like you can use the studio you could just book it when it's free but you gotta be like a monthly member if you're you know if you're doing it five hundred dollars a month or whatever and you have a studio on demand that's a genius idea to do it as a membership actually because do the thing that made me think of this is like in new york now there's these couple of studios where people are doing all like in person podcast podcasts like there's this like what the fuck media is one of them yeah like stream and they're like they're solid they're not great but they're having to pay new york city rent to like to do this and so i can't imagine the economics are that great and if you got a truck and you just bought it you could go post this thing up at a parking lot and every two hours just move to a different parking lot and like you never have to pay rent you're paying the you know like carrying cost of the of the truck and you're paying the whatever five to ten grand takes you to actually we're gonna get the truck we're gonna call it mu the mobile studio mu the mu boys that's why we might get a branding agency to work on your name but yeah wait let me ask you sorry about branding deafening silence as feedback on your name but it's not let me ask you a question so sean and i are trying to get popular on youtube right now with this with this thing and one thing that's kind of the elephant in the room when everyone talks to you i mean i know sean talks about this constantly is that you are just ridiculously good looking do do you think that this stick of yours of having good hair and being good looking is is that image working for you and what aesthetic s should sean and i have first off calling in a stick is pretty hilarious newman you know this you yeah it's like oh so hot yeah this whole look like whatever you got in between your ears like that stick like let's talk about it the platforms that are visual it obviously helps to like when people are scrolling through things for like people to stop and say oh the person is like attractive right like it just i when you're scrolling to and you see attractive girl you're saying your how helps right so you agree it was that a mean girls reference then do you drop a mean girls millennial threw it through the fact that i knew that it was a mean girls reference it's just as telling you a bean girl no look i i mean for you guys you're both good looking dudes i gonna sell you short sam you've got like a little look with the like fake glasses i don't think those have a prescription on it so it's like a little bit really fake they're definitely fake dude and then sean sean got the like you know my favorite one that sean ever had is you know if you're not gonna be good looking be interesting looking and i tell that to like everyone that i give advice to and sean not interesting be sean's interesting looking man look at this beard he's got all you're doing hoodie like he looks like literally every single person who shops at like a generic grocery store in the suburbs well what's wrong with wrong thing that's what that's a vibe world that's a little bit of a bug but that's not interesting i don't know man i mean i think you guys can play up the whole like your stick of these two guys that look completely different that are like somehow friends like you guys are like cat dog man you remember that show back in the day we're going for forward we're going for like why are these guys famous that's what we would do if we just get over the hump so accessible like this these guys that there's nothing special about them but that's our thing though that there's nothing special i think you have to be that good looking on youtube by the way like you guys don't need to be like models on youtube if you like look at the people that have crushed on youtube it's not like hot dudes and hot chicks on youtube necessary true not that you guys aren't hot i don't want you to come don't want sam big text me later being like hey man what you said that wasn't your percent because i know i'm gonna get that text later tonight from sam please but but you're that i don't i don't hot dudes do better on youtube i don't think they do better i don't think that's i i'm not on youtube yet i'm gonna get on youtube here soon and i'll let you know whether you think that's true so you're saying you think you're hot yeah you're you got this real burden you're carrying my friend well like alex for mo he's got the thing where he wears like those stupid cut off jeans now and and these just like a yolk that no nose strip and like the no choice level of big big muscular that's perfect example of you have to be great look if you gotta be interesting looking yeah dude he's p peacock and hardcore and it and it's it's just a look it's a look man and like in each of you guys has a look and if you can just stick to a consistent look it's like chris saga with his cowboy shirts like you need your thing been actually i've been thinking about this for a long time i've been needing a uniform i tweeted this out ago you i'm looking for a uniform i wanna look the same every time i'm on this podcast so i need something that from here up like a robe is it's gotta yeah maybe a robe it's gotta be signature and i'm in the market so i'm am taking suggest i'm gonna put a bounty on this actually i'm gonna give a thousand dollar bounty to anybody who could help me develop my the the chest up look that's what i'm gonna i kinda wanna see you do like a traditional indian attire for it like it could be kind of fire if you're were wearing like a dope like cor or like you know some sort of like indian you know up top i think that'd would be kind of fire sean p it could be part of your whole like angle with the name and stuff that's great it dick okay i you're you're eligible for the bounty yeah that right now no i might i might throw into it i also might match just because i think it's gonna be funny to see okay you're so maybe throw in a thousand also in a thousand on top of it sam's it is before he's on the hook for a thousand yeah no i'm not i don't i don't give it up here you're breaking out give it a this is the stupidest thing ever i'm not gonna give someone a thousand dollars they can sell tell sean what t shirt to wear you have a signature look already so it's easier for you to say yeah one of my muscles mean like no you've got like a little like the pretty boy thing going with the like grandfather not a grandfather type of yeah it's good yeah you are gonna be like you're gonna be a quintessential father gonna have a lot of stern talks with your childhood do you know it's coming i don't know what to say to this i thank you yeah yeah wait i wanna hear this before you go what is the grand plan what is the grand vision for yourself so you went from no name pe guy that as we established to to to legendary thread boy to now cnbc contributor book deal guy author i think you're gonna be president is that i i joke about that a lot but i i genuinely believe you could become the president someday if you wanted to do you have a grand plan for yourself what's the vision i could see that being in the cards long term running for public office i don't know if president is crazy a role that you necessarily want i think it's like probably one of the hardest and worst jobs in the world don't see go in like obama went in and looking young and then he you know leaves all gray like looking you know looking rough it's like the highest stress job in the world running for governor would be i don't know that could be pretty fun you to be a governor of a of a state do you know anything about politics i've never known new to be study public policy i did i did my masters in public policy dude oh yeah so that was always like what i wanted to do that's class on basket weaving like that doesn't like what like you know what i mean you think the people that are serving in public office today i know a lot about politics it's like what is it's sort of like the naval evolving thing of like you don't read a business book to no business like there's no such thing as politics it's like you know are you a reasonable thinker do you have the ability to change your mind which right now politicians do not and can you inspire people do you which you be people to move on things which party would you i don't even know i'm an independent man so i mean i've i've voted democrat i voted republican in prior elections so i actually i actually don't know what party of i've got problem i'm hoping that a third party rises over the next twenty years before i actually go do this because i hate the direction that you know like polar politics has gone you know it's just like the loudest minority on each side i could see you being a good politician because you pretty much never take a stand on anything kinda like what you just did you're like i i always call i'm like you're pc like the rock man you never say anything inappropriate like you you you you are like like the rock well yes but sad he never takes a stain on anything he's always he hedges everything he says you you could be beautiful for a politician alright well i'm counting on your fundraising support him i'll even introduce you as my hot friend sam when you come up to to the speech at my have my future look you you about that you already do it for me then you're already lying you're already lying like a good follow it well things are coming on where what do you wanna do you wanna promote something is that a thing do you have something to promote i don't know man people kinda know where to find them i'm at saw bloom on every everything and my newsletter is at my website saw bloom dot com well i'm happy we finally got you on we'll have to do it again we're gonna get another i'm gonna ask austin reef to come on that'll be another group chat guy we've asked nikita to come on a few times but he's you know weird make nikita just he's busy right now is busy like that's getting in the glory of his gas app fan no well he's just thinks it's cool to tell me no i think they're coming nikita nikita right now like nikita has been that guy that's like oh my god guys i hate running this app this is so tough and then like you'll see like on his instagram him like having a photo shoot is his house like posing out like looking like this like it is his girl right the behind the seat says oh my god this looks like an album cover if he just live in his best life man more props to him because i dude had called his shot and has actually gotten and done so we'll get on it we'll get austin on it we gotta get a we've had hub on but dude thanks for coming and doing this we appreciate it thank you guys

Episode Notes

Episode 384: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with entrepreneur, creator, and investor Sahil Bloom (@SahilBloom) about three business ideas that will make money now, and why he left private equity to make millions as a content creator. Bonus: Shaan offers $2,000 to anyone who helps him develop his "uniform" for the pod.

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Links:

* Sahil Bloom

* TweetPik

* Sahil Bloom Instagram

* Dakota Robertson (@WrongsToWrite)

* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

* Want more insights like MFM? Check out Shaan's newsletter.

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Show Notes:

(03:45) - private equity jobs

(07:30) - what is your current job?

(10:25) - why did you leave PE and jump into something else?

(20:45) - cool business ideas (Idea #1)

(36:15) - newsletter (Idea #2)

(55:45) - mobile podcast studios (Idea #3)

(01:04:00) - Sahil's grand plan

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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Additional episodes you might enjoy:

• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits

• #209 Gary Vaynerchuk - Why NFTS Are the Future

• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto

* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett

• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates

• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More

• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

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