The 2021 Milly Awards

dude that's crazy that that that mistake that's a ten million dollar mistake yeah andrea what's going on dude i'm are you pumped to do that i'm really yum i'm excited i've worked out this morning and feel feel good it's a nice sunny day we had a big dump of snow here which is actually incredibly rare usually it like never goes blow freezing so yeah it's nice what'd you do like no i actually went on my treadmill i started i it's weird i was kind of feeling like a little low energy over christmas and i realized this hadn't worked out and so i was like oh i'll take you know am i eating the right thing am i doing the right routines am i doing my gratitude journal i can't relate i know what supplements am my taking who's never had then i just worked out yeah i just i just realized like work out is all you need to do there's a there's a great quote it's in this book i was reading called the body and it basically said like if we could put in pill form all the benefits that exercise gives you you it it'll be the it would be the most successful medicine of all time right and the whole point of the book was it was called the body by bill burst and i or by what price love that book and he's just he's like basically like sleep and exercise are the cure to most every yeah it's crazy i love his writing he's he's great do we wanna get into this song yeah let's do it we did this last year and i think it was probably my favorite episode last year we called at the mill awards we did an awards ceremony at the end of the year andrew came on and we did it in twenty twenty at the end of the year and i actually went back and i listened to it which is you know cri to listen to your own voice recorded but it was really entertaining episode and we made a bunch of predictions i actually even kinda noted some of them down don't know if you guys saw that like some of the yeah some of the things that we had said last year and and so we're gonna do it again and we're gonna try and make this an annual tradition we'll see how it goes and alright so without further ado here we are the twenty twenty one million awards we are back and we got a butt the way it works we got a bunch of different categories the three of us did our research getting did our thinking about who we think is the winner for each we did not tell each other did not show each other so if we have the same answer it's just coincidence great minds think alike and we're gonna react to kind of how each one goes and i have a little side game here which i'm gonna play i has a little notepad i'm just gonna kinda take notes of who i think wins each category in terms of their answer so we'll see we'll see who brings the heat during this thing i got sam i got sean i got andrew i'll put a little tally for and i'm the only judge or you guys can chime in on that but i'm just gonna keep note of of how we do for for this all episode alright so did i miss anything sam are good to go yeah and we what i'm i alright so i have i have two documents i have one document with like my answers and then i've got the other document that have last year's answers and so i think what we should do is you can lead and you could say like the the category and then you could say here's what last year's are right okay so we'll or work right so we'll we'll start with we'll start with breakout company so this is the twenty twenty one breakout company it's a company that kind of like exploded no billy of the year's first sean okay you wanna go in the actual or alright we can go to the order alright so billy of the year is number one then we do billy of the week sometimes on the pod so this is billy of the year it doesn't have to be somebody who's a new billionaire but it's just a billionaire who had a hell of a year last year sam said chuck fee who is who's check he's the guy from a blockbuster and all that stuff or he that's somebody else no he's just a he was he started a business where they sell shit at airports but he gave away free yeah duty free but he he gave away all of it he gave away ten billion dollars andrew had mark leonard who's i think the ceo of constellation software is that right who's you know maybe yep you know somebody respect who runs a similar playbook to you buys great companies owns them for a long time very stealthy secretive guide you shared a bunch of cool stories about how he keeps a low profile and then i had eric yuan who was the ceo of zoom because i thought zoom sort of saved the world during the pandemic and let the world continue to run and and so i had to eric eric you on so who do we have for this year we'll start with sam billy of the year who you got dha the cto and c cofounder of hubspot he came on our pod just get up to your boss well yeah i mean i guess but he he just had the idea outlook on life and i think he had an amazing job like he basically said no one reports woman and he doesn't report to anyone i think he i don't know what what's he worth like two billion dollars whatever hubspot stock is worth i thought he was pretty amazing i a good outlook and what was the outlook that you like i thought the the most interesting thing what der is exactly what you said that to instead of i think so many entrepreneurs are like okay i'm either all in or i'm all out and he kinda said you know what i'm just gonna do this stuff i like and he's kind of a floater like he just kind of floats around within the company and i thought that was really cool and he was nice the thing about da mesh is that he's nice and he's friendly and he's calm and i really enjoy that about him he's not a type a or he is type that he's competitive but he's not like trying to out alpha people he's very comfortable in his alright andrew who you got billy of the year so mine it was actually a guy i randomly met so i was at this cocktail party at a just a house in my neighborhood and i was talking to this guy and i started asking him what he did and he said he was in the the kind of beverage space and he started saying names that i kinda new like mission hill winery which is like a big winery up here and anyway it turns out this guy worth eight billion dollars and he owns a beverage focused holding company called mark anthony group this guy named anthony von man and his story is pretty crazy so he started a little like wine importing business in vancouver and made enough money to buy a winery called mission hill took on a ton of debt the it was like dirt floors had only a few barrels of wine turned it around turned into a real solid business and then he hit it big when he was trying to diversify and he started a company called mike's hard lemonade which i'm sure i heard of and this is like an insane story like in the nineties people would have fights in the liquor store over the last couple bottles of mike's hard it went into the states and sold by the way say it's first in america we like make fun people who drinks like it's like a joke like spikes hard charlie well the idea the idea they had was like men or too embarrassed to drink coolers so like let's make a cooler they can kind of not be too embarrassed to drink but anyway he ended up building that into a massive business he ended also starting white claw a couple years ago which is like the same idea but healthy and now they do one point four or sorry four billion dollars of revenue last year in twenty twenty and the craziest thing about this guy is he owns i believe a hundred percent of the business and he has no debt because he's been almost in bankruptcy multiple times so it was just totally crazy local entrepreneur who just knocked there of the park and i'm obsessed with these guys who have just like taken a risk they've done it a hundred percent themselves they didn't have vcs they didn't have investors so just an amazing story wow that's a good one i think i didn't realize the mike's hard the the company has mike's chart also does white claw which is amazing it's basically a reboot of the of the similar concept totally okay what about you i billy of the year so i had two alright so i have i have the eye roll one which is elon musk but it's not for the reason that most people would think as you know one of the maybe top three slogan of this podcast is bet on yourself and elon several years ago did a bet on yourself comp compensation plan that you guys probably remember i don't know if everybody knows about this i'll summarize it and i'm kind of hand waving through some of the details just to be quicker about it but basically tesla at the time he was five years ago was at about a fifty billion dollar market cap and people the rumor was elon is gonna leave and he might you know go just focus on spacex full time and he had a negotiation with the board and basically said okay i'll stay but here's the compensation plan i want and he sketch out a and said look you only pay me if i increased shareholder value hey yeah no guaranteed money and he basically did it where in rough strokes every fifty billion in market cap they added he would get another one percent of the company and so it was at fifty billion dollars so he'd have to get it to a hundred billion to get anything if he got to ninety nine he got nothing and so he had to get to a hundred to get any more for all his hard work and i remember there's a great clip if you go to youtube but and you just go you just you just search for elon musk compensation plan you know cnbc there's just clip of the anchors making fun of them because they're like oh yeah and like you know this plan is is unprecedented and it has this far fetched idea that if he could get over six hundred billion you know elon would get this huge unlock if he gets to that reward but you know i think we could safely say like you know it's never gonna happen like you know why even include that in there and sure enough this year tesla crosses all that he hits every single part of the compensation plan i think it's a it's a now a trillion dollar company and basically the guy called a shot he bet on himself and and hit all of so i really like that like the betting on self aspect it so that's why i give it to elon what was the second one the second one again a little bit of a of a expected answer but not not for the reason you think so metallic butt who's the coke c creator of of ethereum he's worth himself probably one point six billion i think as of the based on the like the value of ethereum today something like that one or two billion dollars but he was one of the like there's all these new projects constantly launching and one of the ways that projects were trying to get hype in marketing is that they would just send some of their project into metallic wallet is public wallet and they would say look metallic holds are coins so you should too and then the other thing that they would say that was the first marketing scheme people do like and people fell for they're like oh metallic investing and this i'll invest in it too but like he didn't actually investigate in they just sent it for free just shoved it in his wallet the second thing that people were doing was they were using metallic as sort of like a lock up they were like look we sent so one one coin that came out the shi new coin which is like a a dog another dog coin like do coin they sent i think six five or six billion dollars worth of their coin two metallic wallet to to essentially lock it up they're like look that's all there it can't be sold and so you're not like i can't be sold like it's there so you don't have to worry about like you know who owns this thing metallic owns this thing and it was partly marketing and is partly their their way of like locking away some of the supply and what vital battalion did was pretty awesome india was going through a really tough patch in covid so he got this thing and what he did was he donated a billion dollars of it immediately to india and then he dumped the other five billion and just burned it and just said you know so so that like it would so that the price if he if he sold it all in the open market it would it would crash the price so instead he took five billion and just eliminated it from the pool and gave a billion dollars to india kept none of it for himself and helped a lot of people in india out and he did this like overnight as soon as he got it and i just thought that that was like you know a pretty remarkable thing from a pretty you know remarkable guy who he's that guy's amazing it's really cool that guy and the sam bank guy or some probably the two most interesting people i think in the world at the moment yeah the cool thing about that this for for those who don't remember the sand bank of fried guy he's currently the wealthiest per person from crypto wealthiest known person from crypto so you know nobody knows who satoshi is but sam bank is the next one he's got like fifteen or twenty billion dollar net worth from crypto including the exchange he created and he if you talk if you listen to interviews he's like not like any other crypto z it he just is like he's like yeah i don't care crypto like don't i don't i don't i believe in it not believe it people want this so i made a product and like that's his whole mindset and he also is like obsessed with this idea of like i forgot it's called there's some like a philanthropic thing he's really into like sam you remember the name of this it's like charitable mission or some shit like that it's like yeah he basically he was basically it the basically the idea is like i'm just gonna get as wealthy as possible and give it all the way to different stuff and it's okay for me to be incredibly ambitious and do this thing these things i don't really care about because i'm just giving it away anyway and he's giving me way like during his lifetime said last alright breakout company you go for alright breakout company i have i have open sea so just to give you a sense of open seas crazy growth i had that too by the way i started in two thousand seventeen and the the bear market hit like pretty much immediately and i know people who were building like their competitors and they ended up folding because it was just like there was no interest and these guys were like you know the cockroaches that just stayed alive and in twenty basically they in twenty twenty so last year they did twenty four million dollars in gm pretty small overall and they get ten percent of that they have i don't know what their take rate is something like i think it's even lower than i think five percent or something they in that range so it was very small twenty four million and gross sales across the platform that's not their sales that's what people buying from each other so they just get a small take this year fifteen billion so going from twenty four million to fifteen billion in one year that's six hundred fifty x to me that's a that's a breakout company i know we've talked about them before so it's not a big surprise but i i had to give it to him so i had that as well but i came with the backup because i actually thought that you were gonna pick that so i had hope c as well i think it's amazing but they basically just kinda created the market and i think that's pretty bad ass or at least they were part of a market that is was not existent a couple years ago alright so my second one is someone who we talked about i'm gonna a bot his first name but his last name is levels what's his first name peter le peter p is it peter is it just peter at a okay i think that's peter i thought it was of a weird that's called peter just to buy i thought it was peter to be honest but i'm we're calling peter alright so this guy is peter like a who that's how we're that's i thought it was i thought there was an eye in there in some weird area alright but we talked about this guy a couple episodes ago but i've actually been paying attention to him for like three years and as far as i can tell it's a one person business and for the longest time he would reveal all of his revenue and for years it was like two or three hundred thousand dollars a year in revenue and he has a bunch of different products he's got no dot com remote k dot com workers dot c he even has a cool website called re base which is all about going to portugal and moving to portugal so he's got like eight different websites for the longest time only like three four five hundred thousand dollars year in revenue like neat but not that cool this year he got close to five million in revenue and for a one person internet business that's pretty phenomenal and the remote thing has basically kinda caught up with him and he's crushing it and this guy's an artist i love him i think so he's kind of his own entity and i think that he for me it was the breakout person of the year behind opens yeah i think like that guy kinda has my dream life which is funny that i say that because i do own similar businesses but i've always i've always like fetish the idea of being a one person entrepreneur and being able to do that level of revenue i just kinda got ahead of myself and it's so interesting i think he i have a lot of respect for him because i think he still shares his numbers most of the guys that get to the scale they almost always stop sharing because everyone realizes how much money they're making i have a story of a guy who's gonna come on the pod soon and he i've been talking to him and he made ten million a year in profit in the early two thousands from a all lee website that was around for years so i have a one person he's said no but he is similar similar story he's a he's a russian jewish guy like a jewish guy didn't didn't i also make like a to know not a drinks eastern european oh my guy no okay that got balloon didn't he do something else that's really remarkable now like he did the lyrics thing and isn't he doing some other interesting stuff he works at expert right he's a partner at ex expert gotcha alright andrew who do you have sam has this like weird indie breakout company that's not a company it's just bro i oversee that's that's the most obvious one i chose that i chose that one too so i had to get you i'm mister obvious sam's mister suck up and let's see if andrew andrew's got something good here so i i wasn't try to be better i just trying to be different so so if there's one thing i really really don't like it's middle man realtors investment bankers that kind of stuff so i love this company micro acquire for a long time if you wanted to buy a tech business you were going to these crappy listing websites with really low like really sketchy sites with really low quality businesses and this guy andrew basically came along and started this company called micro acquire and it's for generally like profitable saas businesses on the web and he's just done a really really nice job of doing it i'd say it's kinda like zillow for buying tech business and i i you know he had a replaced flip and all these other kind of crappy websites so i'm a big fan of what he's doing he fight just raise like ten million bucks or something like the role and pictures i right i am i i didn't invest but but i think it's a good one well i invested a small a very small amount like five thousand dollars or one thousand dollars or something like tiny but he he's picking fights with people online too he's kinda making himself to be a kind of a villain to a certain group of people which we'll see if that ends up being a good idea who's he going after i forget what he i think he was going after like he's basically saying like he he went after two groups so he's like first like bootstrap need like some love like you know if you're a profitable company like why is that getting no attention and then the second thing is he's go after tech crunch because they don't cover those types of companies they just they basically work for the vc is kinda like his angle mh so think a good angle he created a rival publication i think called the bootstrap to just take a shot at tech crunch i have like i will cover these companies if you guys aren't going to but then the only the hypocrisy is that he's raising a bunch of venture capital so i think you know that part you know breaks down a little bit but i think he's doing a good job of picking a fight and this is general twitter strategy which is if you like totally sell out to your mission which is like both a good and a bad thing you could just like there's a guy who i i i was friendly with a chris herd he created a company that's around remote work and they help basically like manage companies like laptops and desks dear your desk setup when you work from home they'll help you as a company manager workers desk setups and so he just every tweet is just about how remote work is taking over and how everything else is gonna die and it'll just be he's just that's the propaganda machine and he just keep beating that drum every day every day he just keeps talking about how the office is dead remote work is going up but he cannot be wrong and yeah yeah then it's just like you know a total like brainwashing of content but you know it's it's pretty effective when people do do that i i can't really bring myself to do that exactly but it works okay so who i would give it to open c oh i'm getting it okay great i love it right yeah great micro acquire is cool but open c's is this there's level and micro require honestly i i would do yours man i think yours is the most unique right i think open see had a big win but it's like you know i think venture backed kind of like of the moment crypto stuff mine i think everyone knows about but i think what peter's is doing is very unique and it's just when you think about lifestyle i think he is the best possible lifestyle of any of the people you what's a story where a guy goes to a party hosted by whoever like you know some rockefeller type it's like you know and his friend is saying this guy is the rich richest man in the world he's got everything he's got this he's got that he's got cars he's got servants he's got everything and then the guy who was the guest because yeah but i have something he'll never have enough enough and yeah and that's the kurt von yeah it was kurt von and joseph heller i think right mh so so that's the the version of you know andrew you had peter levels but you you didn't have enough and so you kept going and there's a part of you that mb loyalty lifestyle still alright we're giving it once you start once you start once you get an office once you have employees you have this beast to feed whereas peter could just check out right i one of these days which do a story of someone who has done that who went one way and they just said fuck we're gonna go the opposite and went back i love arms alright i get this one alright so the un sexy simple business that you saw this year i'll go first we talked about it this guy named quinn i think the name is quinn emmett is that the guy same snyder right is it snyder i don't remember what it was shit he had a event he had a vending machine business and he start he was just worked at in sales at like some tech company and i i did like a little check up on him he's doing like through thirty thousand dollars a month in revenue and half of that is profit and he basically started with fifteen hundred dollars he's got some vending machines throughout his city i forget where he is california i think started with fifteen hundred dollars now he has software that tells him when the things need to get refilled and he says he only works ten hours a week on it i think that's pretty cool i think that's pretty awesome i love by the way quinn snyder is a basketball coach so definitely he's definitely not quinn something else i think it was emmett quinn emmett andrew hu you got for best un sexy or simple business that you saw this year i feel like you see a so this probably the easiest category for you i see a lot and i looked i looked at a bunch of ones that people had brought us and i just i can't really share but i this is when i came across recently that i think is genius so some guy he went any basically built a fake interior of a private jet in los angeles like they use like a movie set or whatever and then they just rented out to influencers so that they can take photos where it looks like they're on a private jet but they're not and they charge seventy bucks an hour i think it's booked out like twelve hours a day probably doing like twenty to forty k a month and i can't imagine the margins would be less than eighty percent and i was like that's fucking amazing you could just build this thing hire a bunch people in the movie business to build it over a weekend and then you know you can own that for like years what was they call it's la private jet studio it's on pure space which is like a a photo photo shoot like a studio listed to you guys that is so that's a great one alright i have one i'm gonna steal this from our friend of the pod cody sanchez sam you sent this link earlier and i think this is a great one did you take the one that i sent to you because she has a one that's the one of that's what i'm i'm taking it was better than the one i had so i was like this is we'll use this one instead so she by the way her tiktok has blown up so she's always on my nose she's crazy dude to her last one just got ten million views that's insane like her she has half a million followers on i own tiktok i always see them oh when i'm because i use tiktok bunch and i'm always like oh like i was i in my head i would just see like i don't know thirty comments i like you know it takes out so hard and like when i saw that it actually has added up it's just you know yet had another reminder of the value of just keep going compound the the the the wins over time so she was doing this thing she goes here's a boring business that that that you love and it's called american strip and all it is is this woman owns this business and it just paints build the white line that you need for like a road like lane basically are like a parking spot you know it's like i need to paint these white straight lines and so she's has a company american strip think can started about three years ago and you know four hundred thousand dollars the first year seven million the second year fifteen million almost the third year and just crushing it just absolutely crushing it and according to cody seventy percent profit yes exactly fit somewhere of the sixty seventy percent profit margins don't i don't know i don't know much about it because again my research was watching this tiktok five minutes before this pod but what a beautiful business and what a you know what a great reminder that like you know you you read about elon musk and you're like oh i have to like send rockets to mars and then you read about the girl who's like i drop straight white lines and i can make millions of dollars a year and i just remind you you know you can win the game anyway so she's my pick i love that i am i'd vote for that one okay i'm gonna take that in honor of of cody so we are at one one one right now so we're we're one each by the way i have a a a little honorable mention here an sexy business has done extremely well have you guys looked at cro stock yeah crushing it takes the post malone what dude twenty twenty when the pandemic happened it so march twenty twenty you could you could have bought a pair of cro for i know how much cro go for let's call it a hundred bucks maybe there's a little less you could buy a pair of and you could buy the stock for ten dollars a share it's now up thirteen x in one year just during the the pandemic was good to cro and i just thought that was like an amazing winner out of this like pandemic time is it posted who's driving it he was he kinda hopped on that trend really early and then they created this new thing called like cro i forget what they're called but they're like charms that you put on your cro and if you drive her around the midwest or in the south like how do we clear what could we do let's dang charms awful do you know i'm talking about like my wife is obsessed with these and she buys them for our kids and puts them on it like gosh yeah it's like like a you get like a soccer ball like pin or like a football pin or like some cartoon and the kids are obsessed with it and they're crushing it right now post malone started making them popular and a lot of country music people like luke combs so you probably have no idea who that is started wearing camouflage cro gotcha yeah who new who new by the way sam i got another real quick pop quiz for you it hands up so i see you're not you're not looking it up i want you to guess the monthly visitors to only fans dot com twenty million a month okay you're close it's two hundred fifty million tell you're off by ten x in order of magnus really that was gonna be my other un sexy business was actually the business of sexy which was like i had no idea they they get two hundred fifty million visitors per month that's insane that'd be one of the top websites in the world then there's another one called chatter bait that's it you know you know a broke man's version of only fan i it's three hundred million oh my god it's insane so you know but it didn't phrase only fans did they say that they're no longer allowing nudity they did for a second than they reversed course of that stupid this reverse saying like no more porn yeah facebook like no more photos you know it that doesn't work so stupid by the way average visit duration four minutes alright we'll go to the next category your best investment okay so what was your best investment of twenty twenty one let's kick it off with andrew so i would the boring answer is aero press i think but i've already talked about that on the pod we we bought that maybe four or five months ago and that's been awesome so far but that story hasn't played out yet so the one and i we haven't really done that much in the last year so the best one thing that i've been buying myself is actually a company called per square holdings i don't think i've talked about it so i have about ninety five percent of my net worth in tiny and our kind of core businesses but i've been quietly building kind of a backup forever rich retirement portfolio of stocks real estate brick and mortar businesses we own a chain of restaurants we in a hotel wait what conventional stuff i just own a bunch of restaurants in victoria i don't know what is that we on a hotel in s saint louis oh marshall yeah yeah with marshall exactly is the hotel business pool it's amazing i'm basically we bought this that we bought like a apartment building and converted it into all airbnb and we took it from we bought it super cheap and now it's yielding billionaire maybe you're my bill of the year i don't think not yet working on it it sounds like sounds like good to think about it that means you you might be roundup up to it no no i i don't think i am i i don't really i i don't really have like a good picture on that stuff that's a good answer to though businesses if the answer is i don't think i am then the answer then then that's a good sign yeah what's that peep people say saying don't i don't i don't spend a lot of i don't spend a lot of time on that stuff because you know a lot of people who are billionaires on paper like you know it it doesn't really matter right you could invest in some startup it could get valued at twenty billion dollars you can own one percent whatever like i i just don't i don't spend too much time on that so anyway i've been thinking about this and i go if everything goes para shaped i wanna still be rich and i wanna have enough money to live a great life but isn't it and so and that's by that guy you like right bill lac yeah yeah so i've been following bill for five or six years and i found that you had this holding company called per square holdings and when he did this really smart so he he had a hedge fund and when you have a hedge fund you have a whole bunch of investors and they they'd give you cash to invest but at any given time they can freak out and they can take their money back so you could be in a down you know down you could own an amazing business and you could be forced to sell at the wrong time because an investor redeem and so he created this holding company in amsterdam i think you raised four billion dollars and he called it per square holdings and it's basically a public holding company that just owns a bunch of stocks and it owns really great stuff it owns chipotle domino's hilton lowe's restaurant brands international so like burger king popeyes that kind of stuff and universal music and so it's this really diversified blue chip stock portfolio and as i dug into it i realized that it perpetually trades at a discount to the net assets there so if there's a hundred dollars worth of stocks it trades at at about seventy dollars meaning that the market could go down thirty percent before you've lost any money in the in the portfolio and then on top of that you have bill act managing your money and he does crazy shit like he last year he turned twenty five million dollars into two point seven billion and i got to ride along with him on that so anyway i've been buying that almost exclusively i've got probably like sixty percent of my portfolio in this and i just keep buying more and more every month and i've quadrupled my money i think over the last couple of years did awesome that that crazy trade that he made last year the covid trade was that out of these vehicles or that was out of a separate vehicle yeah that was in this vehicle and anyone could have bought that you told the universal actually last last year or something like that these that's yeah you've talked about those you like okay great so that's a good one sam what you got your best investment i bought a i bought a a a big lot in austin kinda boring but i bought a big lot in austin i used an asset backed alone so i used cash to buy it like i told them i bought it in cash in reality it was a loan at a one percent interest rate and i it's not the story again hasn't played out but it's already appreciated because i've got offers on it but i'll make about five hundred thousand dollars in tax free profit with very little work and the work that i've been doing on it is fun i'm learning a skill i'm learning how to develop a home profit right so that that's gonna be my it's probably not my best just like investing in the s and p five hundred that's up thirty percent that i mean that's but that's not much of an investment and didn't do anything and so the my my austin real estate project will be the most like actively think active thing that i'm managing and make the most that's a good one by the way the youtube video on your personal youtube channel the this is sam or the sam yeah just my name you you show that the lot the they're kinda like the down shack that's there today it's great it's fun right may it's way more and it watch that and what you just said will be way more entertaining it's great but i also i feel like you might make five hundred grand but if you'd made five million passively it wouldn't feel as good exactly that's why i'm saying you've done it's my bad because it's fun like it's i'm basically developing a skill and and it's been quite fun and the tax implications are quite nice yeah that's great okay good my my best investment i'm gonna go with this startup up that i invested and so last year i think it was a last yeah last year i created a rolling fund and it's basically said hey if anybody wants to invest in startups alongside me you know you don't have to have the network you don't have to have the knowledge all you gotta have is the cash you could do and i was like okay i wanted to start i was like i wanna start this off i wanna make it enticing for somebody to join because you could invest in a a number of people who are professional full time investors who been doing this for a decade so i was kinda of thinking like why would somebody invest in me and so i said let me juice it up a little bit let me put three of my personal angel investments into this deal into this like fund and so they'll be able to say look i i get to sort of like grant i get grandfather into these deals that you've already done that's very kind of you and still i was self serving like i wanted my fun to get subscribers quickly so i was like how do i provide more value here here is here's some free value now looking back it actually has turned out to be very kind because the very first deals that i put in is a company called deal d and what deal does is it's the easiest way to hire a contractor so like i was paying i wanted to hire this guy in australia the guy who actually first was editing our podcast i like how do i pay this podcast editor in australia and i was like oh you know do i to go get a lawyer to make a contract and how do i pay them in his local currency and then what are the compliance rules around that how much taxes do need to pay like i don't i don't understand all this so i went to deal and literally in five minutes i was like here's the guy's name here's his email address here's where he lives it's like here's a contract it's like would you like to add a confidentiality clause yeah yeah toss that in and it's like guac on my burrito like you know i'll go for that and then it was like great it's sent for signature and the payments will come out of your bank account and it'll pay him in australian dollars automatically every month and i was like wow that was like kinda magical it basically replaced you know what a bunch of humans would have to do so i loved it so i ended up chasing down the founder and i was like y your product is amazing how do invest in this and he was like oh you i'd i'd love to have you and i didn't invest right then and or then i you when i followed up he was like oh dude we just close the thing sorry i forgot like you know you didn't follow up so so i missed the first round and then i almost missed the second one was the valuation of the first one first one might have been i remember exactly but it's like a startup you know like maybe twelve million cap or twenty million cap something like that and so he's like don't worry i'll get you into the next round i was like okay great so he messaged me one day he says brother like you know i got your spot for you your next round coming together let me know i'm like oh i'm in twenty five k no questions asked he's like great got you in and i was like i was like actually you know one question i guess well what is the valuation actually what does it happen to be and he's like you know i i know if i say this probably i can say this is it was like million and i was like what and i was like and i was like okay and i didn't wanna go back on my word because i i like the product i like the founder her a lot and i was like i'd said i'm in so i'm in and i was like oh shit okay whatever and then i was like you know do you have like crazy traction like how are you getting this this thing and he's like you know we're doing well but like you know he told me the number and i was like that's an absurd valuation for this thing i was like who's doing this deal and his was doing the deals was like these guys are nuts well i don't know why they're doing this but whatever i wrote the check did did it anyways it that it was valued this year at five and a half billion like you know two years later they sent he and they founder or tweeted this out so i can share this they ramped up revenue from four million to fifty million in arr in one year and they went from fifty employees to five hundred fifty employees in one year and so this is just like an insane amount of traction that's like you know actually recent knew what they were doing they you know they they bet on this before because i think the the revenue was definitely less than four million at the time is it was valued at two hundred million and so you know the value investor in andrew would have been dying in that moment it it just didn't make any sense it didn't make sense to me even but this has turned out to be a pretty amazing deal you know so if not including dilution which is a big factor here so take that for what's it's worth so twelve million into five and half billion is four hundred and fifty eight so your twenty five thousand dollars in that twelve round would have been worth over eleven million dollars yes exactly and my buddy who did my my buddy ryan did that deal at that at that round and reminded me as such about like the crazy market and so you know the twenty five k is turned into half a million but man that that's the difference between half a million and twelve million was following up oh my god alright so anyway wait is this my best investment to worst investor maybe this is my worst investment actually i mean twenty five k to a i half a million good well it would be good and then i put it in the the rolling front so now you know most of the economics went to my investors too that's crazy that that that mistake that's a ten million dollar mistake yeah and it was by the way this is a period of like i don't know less than a year between the the between like when when one round happened and the next round happened so you know could have could yeah could've what should it alright so who are we given this round to best investment me okay for my sop story at least i have at least i have this to to lean back on alright let's go to worst investment what was your worst investment of twenty twenty will i'll go first mine's easy zillow i bought zillow on that one yeah i i i only bought three stocks individual stocks this year one was playboy and playboy kinda makes sense because only a billion dollar valuation two hundred million in revenue and i thought the brand was easily worth that i'm actually thinking about buying aston martin stock at aston martin is only valued at like one or two billion dollars it's like the cheapest car maker but i think they're gonna have a resurgence so i'm thinking about doing that but i bought playboy thinking that was my logic and i was wrong but then zillow was way wrong zillow was wrong because i bought at it's the most expensive point but tell people why we bought the stock we bought it because we're in this chat group and our friend nikita and austin reef were like zillow is the greatest thing ever and so i bought like twenty five or fifty grand worth of zillow and i agreed with them i thought yeah you know you're right like whenever i go to a fancy neighborhood i just pull up zillow and i like browse it all the time it's kind of a category define like defining company like i'm on board with zillow i thought well how much were they worth when we bought like fifteen or twenty i don't know it's it's down fifty six so i bought a hundred k and now my hundred k is forty four k left it made sense like i don't regret it it it i like on board with it but the problem was is that it went down just because like we were wrong then it went down because they fucked it up with buying all those houses and it went down even more yeah so we were wrong like twice and by the way they they they lost fifty six percent value in a year where the housing market went like bananas so you know it's not like there was something out of their control and there's industry that was doing poorly you know didn't didn't rich barton comeback back or something was he guy he's the original founder and a really great investor great screen entrepreneur yeah and and he came back and he tried to do the house buying stuff i would still i i would honestly make to buy on that because i think he'll probably he'll probably pull a rabbit the i thought i think it's a great company it's awesome i think basically what happened was a bunch of bad stuff happened including one tiktok went really viral explaining how like they're evil because they're like big corporations buying hundreds homes and that totally fucked them if once the fact tiktok is the winner here the fact that they haven't dis real realtors though like the fact you can't or maybe you can and i'm just not aware but i just wanna be able to list my house on zillow and then have a open out cry auction one day like where you say like on this day i wanna have an auction everyone's gonna bid and then we'll get the maximum price and they do all the paperwork like that would be invested i invested in a company that does that they work called rumor it's kind of a silly name but they change it to also a silly name it's called do so yeah it's i got a course is not bad i i like do so don't do it's like the word door and then s e y and it's a live home auction and it started by the guy who started hello alfred kind of a cool company i just sent it you in the chat yeah so zillow was your worst investment hey just before we jump i wanna know about playboy so what's the what's the thesis there like they still have the magazine obviously it's kind of a you know there's a lot of legacy from what are they doing with can't be the magazine like where where's is the money coming from yeah merchandise basically and so they own the they they own the playboy mansion which is worth nine figures i believe and they recently did a spa in two thousand and twenty and so they reported two hundred million dollars in revenue in two thousand twenty one or that's what the forecast is gonna be when i invested i think their market cap was just a hair above one billion and basically my my logic right now it's one exactly one billion my logic was basically like i'm pretty sure that brand is worth more than that like if they just like put their logo and stuff i was like i know young people don't really care about it as much but i think that brand pretty valuable and i couldn't put a value on it but i thought it was above what they were trading for so it was kinda i kinda just made a like kind of a gut call but it's down half wasn't it it was a guide the guy who bought that was the guy who bought twinkies or hostess or something random like yeah sorry yeah like yeah he was the guy who bought twinkies made a ton of money on it then he bought p i think it is i mean it's a very iconic it's a really iconic brand i know that like they tried i had a friend that tried that almost bought the guy the guys at the c almost sold to playboy and they told me about going to the mansion and they told me that they playboy was thinking about selling the mansion and they told me like how much it was worth and it was it's like a crazy high number and i thought well fuck just with this stuff like this is worth more than the if your only fans why would you not just buy playboy i think it's really interesting you don't need it i out of that brand i mean what's it worth that you know i don't know five hundred million people know your name and associate it like that's gotta be worth to a to a company that has a money you know if you are a money printer what what does it take to accelerate your brand like that that edit nuts let's be let's be real i mean ty lopez is gonna buy turn into some sort of lopez alright what are you what what's yours is andrew yeah so mine i can't say what it is we didn't actually announce the business but so the mistake we made is we bought an em what i mean by that is it's like this little tiny amber and it could turn into a bon fire if you blow it a lot but you have to be very attentive and we're not set up to be attentive we're kind of management by neglect we buy these businesses we plug in ceos and then they go on to do great and the problem is when you have this little tiny start up this is a business it was a real business with real revenue and profits but it was very small and we liked what we saw but the problem is we couldn't attract someone great to run it and so the business the em just kind of burnt out over time and we ended up spending like a million bucks so it was just a total money bon fire and pointless and un and so the lesson for us is just board a cruise ship you know don't don't try and build your own boat that's a good amount two double allergies em and cruise ship alright my worst investment i'm gonna give you the fast answer because i think we're gonna run short on time alright mine is holding covid winners for too long so i had this amazing run up on zoom stock fast which is a like edge you know like a cloud or what it called the cdn and which does like you know voice and video sdk so they power club house and things like that and i own these stocks they ran up like crazy you know two x three x or whatever in like a very short amount of time and then they've all come crashing back down to earth you know in the last six months or so and so i lost money just by holding on to the covid winners for for too long even when like for example with go i got in because i knew club house was growing but then i was the one who kind of almost like famously called the club house is gonna fail and it's gonna gonna tank and yet i still held my i forgot to sell my stock and it's cut in half you know so that that sort of so i wouldn't say my lost nice chunk of change holding my covid winners for too long how awesome would it be if you could short private companies like imagine if you saw club host and you could go in short it and maybe maybe there is a way to do it if anyone has any ideas i'd love to hear them but i'm way to see stuff like that's quite all disease that but if you have you ever used poly market it's basically like a crypto bedding like a like a book basically but you could bet on anything you get bet on sports games you could bet will joe biden get covid you could bet whatever and it's only a yes or no so there's so and the market sets the line so basically if everybody thinks yes then proportionately no will be rewarded like if you bet no but two thirds of people bet yes you're gonna get a payout out more than one to one on your money because you're taking the underdog side of things and and so there's a so this idea of prediction markets works really well in in crypto and and so these there's a few of these that are out there i love betting on poly market dude we should do we should do an annual betting episode where we all make sections and bets and then we put it on poly market and we have to put our own up be you still stand by that it's club what's the update in club house are you gonna be right yeah looks like it like in the charts all you know it's a it looks like mount everest right goes up and it goes straight but there's not a world where like it's just like maybe not growing a ton but they still have like a million people a day using it or something like that well look you never count out an entrepreneur it does guys are really talented entrepreneurs they can always pivot it's that you know the product as it is today did not become what people bet on it to right entries and beth put it a four billion dollar price tag on it basically betting that it's gonna become like a twitter it's gonna become a facebook or a snap and it's not happening that had that hasn't happened the one good thing is that they they have the same kind of like hype cycle or not hype i shouldn't say that but like trend fad cycle we're in in different countries so like in india they'll get like happened in america they got super popular and then usage faded it wasn't super sticky and then the same thing will happen in india it'll get super popular and then it'll start to fade in popularity and so the overall numbers aren't like totally zero but it's problem is if you're a leaky bucket you're a leaky bucket it's just a matter of time till all the water's gone and that's i i i think i think i'm right but i don't honestly pay too much attention to it but people will often tweet at me charts of their downloads going down to be like you're right so that's all i know there's basically people cherry picking evidence andrew andrew chen gonna come on the pod you know that right oh is he yeah well will he be able to talk to me or blocked from the pod too we'll see he'll he'll like you he'll me who's the winner on that one i'm gonna go i like i think andrew had a good lesson in there alright i'll go with that oh that's so we're gonna go andrew there alright let me i'm gonna i'm gonna combine the the next one can i do that yeah okay so i'm gonna combine it with favorite digital tool favorite physical tool and best product under hundred and above a thousand and and i'll go first so favorite digital is true bill andrew you should use true bill you said that you forget subscriptions true bill is awesome like just today i didn't realize that me and my wife both had an amazon prime membership true bill i paid like fifty bucks or no or ten dollars it's like really cheap and it's our sick app that syncs your bank account and tells you the subscriptions that you have and it makes it easy to cancel it have you heard of that so sweet we they just gotta acquire soon i don't i don't know if it works in canada but they just gotta acquire for one point three billion dollars by rocket mortgages your guy dan gilbert so pretty awesome favorite physical tool is this is kind of physical is a fifty dollar app called cam that's lets you use your iphone for like high def video calls pretty amazing and then favorite product that was above that was under a hundred was lock a box it's a thirty eight dollar box that i keep in my pantry that my wife knows the code of and she puts things that i don't want to have that i don't have self control so she'll put like sweets in there and sometimes if i wanna lock my phone for the weekend she'll put it in there so that's awesome and then above a thousand i bought a fancy car a mercedes that amg station wagon that i love did that was great okay andrew so so we're doing digital product physical product or kind of like a a cheap or expensive thing you liked okay so digital product consumer lab dot com so it's like forty nine bucks a year and it's basically wire cutter but for food and stuff so everything from like vitamin d to seaweed snacks to baby food they buy every single brand they test it and it's pretty shocking like i just today learned that the seaweed snacks that i've been given my kids you know have like a bunch of ars neck in them right so it's just crazy stuff that could affect your life my favorite physical tool is this amazing thing that my wife gifted for me randomly that i never thought i would use it's basically this game called the loser game and you play it with friends and you basically all draw a card and on each card is a really kind of fucked up deep question so for example how have you blame someone for an issue that was if you're truly honest largely your fault or name a surprising basic embarrassing gap in your knowledge or anyway you go around in a circle you answer this i did this on a retreat with a couple friends that i did and these were all guys i know really really well and i left going holy shit there's just so many cool stories and interesting facts that we don't know about one another and this game kind of elicit it so that's been awesome and then physical thing that i bought this here i bought a house up at the lake about forty minutes out out of town here and it's been the best thing i could ever do just great place to go and hang out with family and check out of work and even though it's close it feels like a whole other world away that's that's great and i've seen the house it's awesome but i got a quick story on that thing you just said my first business i started with my two best friends from college and this is the sushi business or whatever we we met the chef and the chef goes he goes he goes you guys are he he goes man i love your guys is kinda like vibe like you guys are i can tell you guys really like each other he goes how long you guys known each other like did you just meet or for while we're like now we've we were we're and we were just saying now we're thick thieves we've known each other for years and he goes you can you know you guys know each other pretty well and we're were like yeah like why why he goes he goes sean what's what's the hardest thing trevor ever been through i was like i have an no idea he's was like you know just named something maybe and i was like i honestly have no clue and we did and all three of us had no idea just what's the hardest thing that your your best friend has been through and and he's like oh he he goes he goes he goes yeah i kind of noticed this he goes y'all talk but you don't have conversations oh and i was like oh shit do mic drop and he goes he goes so you know you don't need to do this now but he's like but try it like go go a little deeper just ask yourself these questions and we did it that night we kinda ask each other that question and then by the end we're all like dude i didn't know that about you like i feel like i knew you way better you know like i really i really know you now and so that was a a great reminder of like sometimes these questions can can take you you know further with your friends totally it's a super superpower one of the questions i asked ask people when i have lunch i'll have like a small talk you know first time lunch with someone and i'll just randomly try and ask them are you happy or are you happy with where your life is right now and it's weird they we'll just go down a rabbit trail and tell you all sorts of crazy stuff you wouldn't normally tell somebody are you just mind fucking people throughout victoria alright so i'll i'll it well it just builds builds connection right i'll do mine okay so favorite digital thing this app called other ship it's a breath work app i do it every morning i love it it wakes me up it makes me feel good it's it slows me down and it speeds me up at the same time it slows me down from just rushing into my day feeling behind and then it speeds me up because when i come out of it i'm like i feel just like electric i feel like i'm on fire i could do whatever i want now so other ship is the name of that app i love that app favorite what is it favorite physical okay my favorite physical tool is this is gonna sound too stupid alright i out my hair and you know i grew my hair just to like do it just to kinda have a like i don't know what i just have a change do do something different but i don't know anything about how to take care of hair and i'm like a really messy disorganized person who doesn't like i don't look in the mirror till seven pm that night i'm like oh i didn't even haven't even looked at myself today and that doesn't really work when you got long hair like high maintenance hair so i went to a stylist and i was like you know can get a little trim and she was like what do you want i was like i no idea i have no idea what i want and also what i really want is like can you just like cut the haircut like half an hour short and just tell me what i should be doing like with my hair and she's was like what you mean i was like i was like i get in the shower if i wanna do shampoo like here's how i do it you tell me if that's correct and i went through like these ultra basics with her and she was like what do you mean and then she's laughing but then through that conversation she's was like oh like no no when you shampoo like don't be doing it on the roots because you're gonna end up stripping away all your natural oils like just do your condition conditioner your shampoo like from the middle to the end and like oh your sleep you know your hair is really f and you probably don't know why but like do sleep on a cotton pillow case and i was yeah of course and she's like you need to switch that for silk because imagine you're spending eight hours a night rubbing your hair into this thing so she gave me these like three little things like a silk pillow case this like curling cream she's like just use this because your hair won't look lady black or white white dude we have silk things in our in our house all over because if you the black thing yeah you know what it is there's like this whole thing the curly girl method and shit like that so anyways i learned so much about hair in like half an hour it was amazing and i felt so relieved i was like this is like this class of life school i just missed and like i'm too embarrassed or too like kind of busy to like think about it but like taking the time and think about it was awesome and so you know the little silk pillow and a couple of other things we're we're great little wins for me when when you go to restaurants what i do all the time is i just say they'll say what do you want and i'll say i just want meat and vegetables just give me whatever whatever's is popular or whatever's is best do you ever do that no well i'll often ask what's best or i'll say the the best question is you know what like what do you eat after work like what's the best thing that you like to eat do make so uncomfortable though i asked that all the whatever i order it i almost always do that it make them very uncomfortable and they freak out just like you do it like when i get a haircut i'm like what do you i'm like just make me look sexy you know just like maybe like hot just choice yeah whatever choices is a hell underrated way to live like so is but it makes them so uncomfortable i don't you might you might be put them on this put too much pressure on and i tell them him i say look this is where i am it can't get worse than this don't worry i trust it and then tell every haircut i said don't worry what you do my hair goes fast i take a lot of pressure off them same thing with the food tell me what you you'd have to work by the way i'm not picky and i'm already in a good mood so i'm gonna love whatever you give me and then you know take the that's that's a good i'm gonna say that alright and then your last you're you're over a hundred and under a hundred the what's let's see the over a hundred oh hired a chef so i don't know why more people don't do this like dude that's a chef i concede thing to say yeah no yeah cancel me and be like yeah because i can't afford no what i mean is if you can buy a nice car or you know like i would never buy a nice car before a chef like my order of operations with you have a bmw no no i i don't even think that's the right comparison i think it's a lot of people who are middle class or upper middle class have a cleaner chef is just slightly more expensive than that it's not crazy expensive not crazy expensive to have somebody who who perhaps meals and i i don't know it every day so do you know you could do three days a week or you can do you know whatever it is the biggest life quality change because you get your time back plus you eat healthier plus it's actually tasty because you probably aren't a great cook alright i'm not at least plus like you know they prep little things for like my dog or my my baby who's like a picky eater and like it just saved so much time energy mental like kinda like mind space i guess to do this so for me i'm like i would cut ten other things before this so like if you've got some money right you can't do this you got no money but you got some money you you got some money to play with like don't angel invest hire a chef you know don't don't buy like a go buy like a used kind of like middle the road car don't buy like a nice car you're buying a tesla get a chef that's why that's my like you know if you're in that if those are the kind trade offs you can make and above below a thousand oh jam i think i've talked about this before like god i love these things you don't like it you don't like jam i they're just boxer with pockets very soft boxer with pockets and the hole do you wear them do you wear them though day day or only when you're at home i'm at home every day what you mean well you if there's no if there's no hole and you put them on the jeans there's i them as just a shitty version of box replacement for short so i like to just walk around to my boxes all day that's like wow i'm most comfortable so this is the socially acceptable more comfortable they're like a little longer so you're not showing through my thigh there's no whole they got pockets so you can carry your phone around so it's like the best way to just wear your box is at home you're saying like you're saying like your mother your mother law's is wearing my and you're gonna wear boxes you're house because if you wear shorts they're just as comfortable and you'd sean's defense he's been talking about these things for like three years now i i've worn them they're very very comfortable i have a pair i like them but i wouldn't wear them like if they're people in my house the lemon shorts they have like the underwear in the as the line they're so comfortable we're not all trillion here so we can't all get lulu we can get champions right alright alright can i can i batch the next one again yeah alright so check this out so we're giving that round to sam alright i'll take that thing a thing you learned about yourself this year and best relationship hack i'll go first because mine are gonna be really fast our best relationship hack this year i do weave weekly meetings with my wife using this best self journal and it's just like a prompt it's an hour long prompt of questions and you get to know each other better exactly what you've talked about with your buddy it's been awesome that's the best hack i've had and the one thing i learned this year i'll say two things one i don't ask you a question about the relationship one yeah are you both equally into it or is one of you like more into doing it than the other we're both equally into it okay i think that and so like i've always been a fan of therapy like i've gone to therapy like regardless if i'm healthier or unhealthy it's just like going on the gym and so i was like we should do a couples counseling even though everything's great and but i didn't really jive we didn't jive with anyone and so i thought this one is actually better it works yeah and it's like twenty five dollars for one time and then so sean i mean i totally relate to what you said though like i project he's not into it and my i tried to do this with my wife do like always just wanna do like a weekly board meeting like hey let's talk about our relationship my wife don't not run like a business meeting exactly but like it just has like like like you know like the five languages of love like that's like one that's like a one conversation that's like you'll have that one week and the next conversation will be tell me about your childhood right i think i think someone needs to build like an operating system kind of like how you would have board meetings and all this stuff for marriage and eos right like what does our family stand for yeah exactly exactly that's a idea and one thing i learned about myself which is i actually don't like owning as fan fancy stuff it kinda stresses me out so i like bought a fancy watch and i was like oh my god this is horrible it's freaking me out and but what i learned this year is i had a number of net worth in my head and i was if i hit this number i'm never gonna worry again and i'm not gonna chase money i hit that number i still worry and i still chase it never enough yeah and now now it's it's always two x you know and there's a the new yorker did an did a study were they like asked a bunch of wealthy people and like it doesn't matter if the person had one million one hundred thousand or fifty million that they always said that you'd be more comfortable if they had two x yep alright you wanna go sean yeah okay so best relationship hack i literally just wrote this as soon as i it i shut the fuck up i learned this year how to really just shut the fuck up in a relationship meaning like not everything needs to be talked about not everything needs to be said not every like you know pot needs to be stirred not every issue needs to be discussed not every like worry needs to be a thing like just shut up and like just shut up and enjoy it just shut up and listen more and just shut up and like don't complain don't don't talk about like constantly improving and changing it like to shut up a little bit and so that was my hack there's many times where you've cut you probably know this because you know me pretty well sam i'm kind of a pot stir and i like to like i don't feel alive till somebody's like you know laughing or angry or whatever in a conversation i'm like yeah that we're doing it that truth is not how everybody is but your intentions are mostly always good which most you your most your intentions are mostly always good if it's if just wanna call shit it's just because you feel like laughing yeah so i'm trying to use my the difference is are your were your parents deb debate and that was kinda how you're because in my household my my dad depart so my dad would say some outlandish thing we start yelling and that was like almost his love language and my problem is i've applied that until all my relationships and most people find that horrible you just said it perfectly so that was the lesson not that was my relationship package here was lesson learned was was what if i didn't try that what if i did something different the thing i learned about myself i'm gonna do one that's not not good so you know there's a lot of lessons that were like oh yeah i learned this and now i'm better for it this one that like i just learned was kinda like a shitty thing about me so i've now had several friends that i've considered to be my close friends or like they worked for me or whatever like i kinda mentored them in some way and then they go on to do like really great things but like you know they called everybody except for me to like kinda like share the wins that they were having or or let them on onboard to invest in it or like you know just i wasn't in the loop beyond once our once our kind of relationship once our like once the transaction was done like once we stopped working together in my head i'm like oh yeah we're super tight and in their head they're like they had the different opinion because i i had lunch with the buddy and i said he was telling me about like this crazy journey been on like dude can i ask you some kind of weird i was like i've noticed this happening a bunch of times like you had this crazy journey and i feel like i thought we were super close and we're just now talking about it like i wasn't in i wasn't in the loop i get didn't let me know like you know you didn't share these awesome things that were happening or the crazy bad things and like you took other investors i feel like i could've have been like your first check into your thing like i was like is there something i do that makes you feel that way and he's like yeah can i can can i guess what he said yeah go ahead i i just thought that you were too busy yeah that but like a less generous version of that is you you blew me off basically it's like it's like yeah like i messaged you a bunch of times and like he didn't really respond in a big way so i just figured like okay he's like he said in perfectly he goes i he goes i felt like i figured out what what i am to you and like i thought we were close and you thought we were you're saying you thought we were close but like you made me feel like we're not that close and like once our engagement was over you know it seemed like you put me in some place that like you know you didn't wanna engage as much as i wanted to and i was like why can we talk about not me my good old sean away i you know this is whatever and and then that's sure i scrolled back in our dms and it's like him saying something him saying something him say something me saying one line him saying something and like asking something and me never respond can never get back to him how do you feel that come combat that because like you've gotten very popular that's not bad it's like well this is this is the problem this is the problem is like so much of becoming friends with someone is where you're at in your life and how much time you have for the other person and whether you're in sync or not so some of my best friends they were you know were both single we're both drinking and partying you're super super close and then you have kids and life's different and you kind of drift apart and the same thing can happen with texting if they're texting you all the time and they want you to engage and then you send a one liner back they immediately take offense they don't realize that you've got three hundred other people texting you and you just wanna be friends with everybody and it's funny you mentioned this because i wrote my worst habit of the year is writing one one line responses to dms and text messages because i'm busy right i'm just trying to rip through them on i'm tired but it's way it's way better to not respond at least then you're mysterious and oh maybe you didn't see it just one line it's not his people off so much not that would it's a little it's a little better it's shockingly better than makes you feel better sean i perceive you as a person who's in the loop of everything though yeah i don't know i i basically i i realized my self perception of kind of where these relationships were at and how good of a friend i was being back i realized like oh no i'm actually i'm kind of a shitty friend back i i i can make people feel bad when without really realizing it and and also that that costs me like that i don't get to share in the wins and and know the stories and be kind of friends and and get these opportunities that like you know would otherwise have come from this and so that's once i have like five times i'm like the problem is me i'm the common denominator here one one of the habits that i've realized there's two things one one is like using a smiley when you say something takes the edge just immediately even if it's a one liner takes the edge off the other thing is a friend of mine does this he's very very busy super spread than big personality lots of friends and he will just every once in a while text me and say hey man i was just thinking of you or you know or you know let's say it's new year's he'll say hey thanks for your friendship this year here's something i really appreciate or took from you and it comes across as very authentic and i've looked at that and gone okay i need to really learn how to do that because i'm like you exact like as you're saying this i'm just nodding along i think i come across as distant and cold and too busy and i don't want to and i just wanna make everyone happy so sad you know bracket first name i was really thinking about it yeah that's what's gonna come out from from us this year yeah someone listening andrew relationships and learning about some learnings yeah okay so my biggest relationship hack honestly my wife her love language is acts of service and it's really interesting like often she'll start picking at me about some other thing i'm doing that pisses her off and we'll have a fight about something and it ultimately came down to the fact that i left towels on the floor or i left the kitchen dirty and so now i'm just trying whenever i have that moment where i'm like i see the kitchen dirty i'm just unloading the dishwasher and trying to enjoy get done the other thing no no no no i'm not a but i i always say to her i'm like what's the point of making money if you use your time doing things you don't wanna do right whereas my wife is much more like i don't want our kids to grow up without them seeing us work and you know doing stuff so so we don't really have any help around the house we have a nanny but you know we have a cleaner who does all this stuff we don't wanna do besides stuff that's cleaner we that's all left know we don't we don't we don't have any of that don't have we're we're not fancy like you and then the school of life which they make that card game i mentioned before i love that so much that i bought this one called the connect card game and it's for couples and my wife and i i've been doing it and it's basically five stacks and each stack is like you know one is sex one is like general relationship one is personal whatever and so you roll a dice and you go through these questions and again it's just this great way to penetrate through you know you might be in a bad spot but when you answer these questions it kinda unlocks everything and builds connection between the two of you and that's been really really good for us because my wife doesn't like doing the meetings or couples counseling even a lot of the time but that's been a great thing for us that's baller yeah ours are mean you're way at the same thing dude i totally i really that's cool you said that about the people thinking you're a dick or checked out because i i have that exact thing and you you said it really honestly nicely yeah kind of a it's hard it's hard and you know i've even experienced that with you and i've probably done it to you as well but it's like you know you and we've texted and we've had these long exchanges and then there's other times where you text me and i'm like one line yeah or vice versa and it's it's i think it's kind things we're like i would i maybe i do take offense i don't know but like in my head it's like i'm so i have so much faith in the in the relationship that i'm like there's not like it's not gonna like like my score you know in a way yeah also like i hate kind of excuse if i'm busy because basically to me when the phrase i'm busy means i'm poor i was like hey if i think wealth there's freedom of time and to be able to spend how you want then saying i don't have time means on i'm poor and so like i don't wanna accept that that's also reality so you know i'm trying to figure it out well it's also there's two i've what i've noticed is when i don't work with somebody i text them differently when when we do work together when we work together it's like there's total filter i'm not gonna be nice i'm just gonna be super blunt and we're just gonna grind it out and that's just business and whatever and not i'm not being an asshole i'm just being very to the point but i think that can come across the wrong way and i i think people sense a shift they start working with me and i suddenly become this like super blind person like what happened alright fast back okay so i got i got the categories here okay so let's keep rolling we have think three big buckets left alright so we're gonna do these together so book of the year and or and then that's the first one and then the second one to do is you know a podcast newsletter or person you started following you start subscribing to so a book and something you start subscribing to you that you really loved let's do let's do andrew first okay so i read this really great book that sam i think you'd love called clash of the titans it's from the late nineties and it's two parallel stories one is ted turner and one is rupert murdoch right from the beginning and the stories are kind of inter woven and at various times they clash and you know trying and buy the same businesses and stuff but it's two different wack billionaires so these guys are both insane in their own ways you know murdoch is like quiet calculating a hundred percent focused on profit but very slick and smooth ted turner like insane unpredictable emotional all about building a brand name and making an impact but it's really about him all his guitar i've been on amazon it yeah it's like totally weird weird i had to buy it and print although i found it on audible but anyway it was a really really great read i didn't know that much about rupert murdoch before this and i gotta say he's obviously evil but really amazing billionaire business person and the he's been going since nineteen fifty seven and he's somehow only now this is a huge number he's only to us he's he's only worth eight billion and you see these other people who are worth like thirty who have been going for like five years so it's it's it's pretty wild but anyway great great book i met rupert murdoch once have you met him andrew yeah you told the story you to some jersey owners or something to get sharp right amazing basically what he does is they own all these properties they own like whatever wall street journal fox and like a whole bunch of other things i don't what they own exactly but it's like a bunch of huge media publications and they're always prisons they're all spread around the world and he he gets every together once he here and he rented out the top floor or top two floors of the win in vegas and he puts all of the ceos of all the execs so basically all the all of his different properties puts them all up it was during ces but they didn't attend ces they were not down at the conference floor shaking hands or anything like that they were in his room which is like the presidential suite or whatever and they would just start at eight am and they would go from eight am to like six pm or something like that and would be back to back talks thirty minute talks they would just bring in some some somebody from some other field to give us to give a talk and they would grill them with questions and it'd would be like thank you so much for coming next and it would be like you know the the number two guy at facebook would go yeah you went with like the skim the skin was they they have like three or four startups ups as well because it's like before before us or you know it like ceo of slack stuart butter went and gave his talk and and by the way talk is like you there's thirty people in the room or something like that so it's not like a presentation it's like just someone kind of spit balling about what they're what they do in their view of the world and and then they get asked a bunch of questions and so this goes like eight or nine hours straight and if you look around the room because i i i got there early and i just stayed we were talking at the end i just sat in and sat in on the whole thing it was amazing and i looked her around the room and people you know oh there's the president of fox and he's his attention is drifting and this person's they you know that they own the new york post and they're they're on their phone and rupert murdoch is like the star pupil he's front he's in the first row he's you know sitting in the first row he's doesn't look at his phone he's attentive the whole time he's taking notes yes asked the best questions and he had the most energy like this guy went eight hours straight he's he was like eighty seven years old at the time he's ninety now i think and he's the oldest guy from no bathroom breaks this guy i don't know what this guy got be be seen succession i've seen the season one and it's like you know loosely it's like it's amazing kinda yeah and they like this all guy succession he grinds man he's they're they're like working like twenty four hours a day that's always serious shit and and uber is just like that and when i hear that i'm like this seems miserable how are they on all the time they have so much energy right well not only that but rupert murdoch he's brought all of his kids the reason succession based on him is that he's brought all of his kids in to the business and then his kids have won by one failed to become the air apparent and fought each other and they all hate each other and leaks after the press and it's it's really horrible i think rupert murdoch is a great he's a great way to invert you know what do we not want i don't wanna become rupert murdoch because doesn't seem like fun to me although maybe his personality maybe that we're i really respect him okay so then you're you subscribe to andrew so podcast podcasts newsletter or whatever so yeah and there's not really i i kind of got off twitter although i've been kinda getting back into it a little bit and i haven't subscribed to any newsletters at all this year i've just i o ed last year the personalized eats i really have been enjoying their tweets as your friend nikita and nikita buyer you had a really great tweet recently where so you know all these people they do aqua hires to facebook and facebook basically just buys companies to shut them down right they find promising social networks that might compete with them they go buy them for tens of millions of dollars before they turn into anything and they bought his company and it's kind of like a prison for entrepreneurs they make you sit around for three to five years invest your stock and a lot of people hate it and he had this great tweet where he says i'm i'm leaving facebook after three years here's a threat of everything i learned points down just not found that thought that was awesome you know he was sitting on that one for for four years as he invested out he's like here's how i'm gonna go out okay great sam what you got booked and podcast newsletter or whatever book i'm gonna go with endurance story about a ship wreck and then i'll also go with empire the summer moon it's about the coma indians they're just and and the texas rangers and how they fought and they're all just fucking savages the rate dude endurance is so and by the way when i said savages been the native americans and also they're texas rangers they're all they treat each other horribly endurance is amazing it makes me feel like my life is meaningless and soft and then things that i followed this year okay the first lair hamilton i learned all about them this year that guy has the ideal life in my opinion he's surfer businessman pretty amazing cool dude the second is how to take over the world ben wilson podcast podcasts one of the best things i've subscribed to and i'm gonna suck up even further sean the the five bullet for or the five tweets tuesday baby that's freaking awesome i like that too so those are the things i started following this year alright i love it okay so mine book okay i just started reading this book so this is gonna sound a little silly because i'm ten pages in do you read thank you do you read i i dabble i basically have like you know i'll buy fifty books in a year and i'll read you know ten to thirty percent of ten to thirty percent of them it's like i read one book and at the end of the year so this one i've read ten pages so far and in the first ten pages this book has more wisdom than anything i've ever read and i'm not saying i read a bunch of wisdom so that's the caveat but is this book called think on these things it's by this philosopher guy named krishna mu and i don't know where i think in evolve maybe mentioned this guy's name as krishna mu and i just went bought this book and sat on my couch for like you know a year i didn't look at it and then i just picked it up one day and ten pages in i literally i've re reread the first ten pages three times and i like i just don't wanna go on i'm like this one principle two principles i are in this first ten pages are so good that if i internalize these you know my life changes and it's just amazing i just i'm looking at it now sounds awesome i just just bought it yeah i mean i sold it pretty yeah alright so that's that's the first book second this the thing i subscribed to this is kind of a again a little bit of an unexpected one but i listen to the all in podcast i don't know if you guys listen sam i don't think you like it right or you don't listen i don't listen to any business podcast podcasts andrew you listen i feel like this might be up your alley yeah i find i i love i love oli but i found it was like too stressful the time i listen to podcast in the evening and the last thing i wanna do is get pumped up on deals and what's going on in intact so yeah i listen to it and specifically i would actually say david free on the podcast i actually find the rest of them to be very smart and very entertaining but very obnoxious to me personally yeah like you know like i'm sure these are they're obviously successful they're obviously you know probably you know fun to hang out with and things like that david like the real nerd but he's the real nerd and he's the only one i feel like this never is never presenting a face he's never virtue signaling or like building their brand by saying certain shit like i think cha martha's is amazing but also i think he virtue signals a bunch you know i think that you know jason kind of says he's a man of the people but like i think he's kinda likes being high class and likes like hanging out with high class people and doing high class shit that's what that's what makes it good is they're all they're all they're they're all like best friends but they're horrible to each other exactly and they're all one another and they're all they're all very they're very very complicated personalities every single one of them and i think that's exactly like a great tv show where the characters have flaws and yeah david sacks is super smart but then like super fucking political and to kinda of understand and is always just looking for some story that like supports this point of view and usually that point of view is that everybody else's biased but like you know clearly just constantly searching for information about how other people are biased so anyways i i think that there's i love the show i enjoy the show a lot and their characters but i think david free is actually the one who is kind of like a star discovery for me this year of like super smart gives great information about science and stuff like that is very balanced and fair in his like po while still being saying interesting things and is i feel like he's not trying to build his personal brand in popularity through the through the show so you know to the extent that everybody is when you create content like i think he does a good job of not and one of the reason by way i criticize those other guys for doing that sometimes is i do right you spot it because you got it it's like i sometimes will say something that like i know it makes me look good or you know presents me in a myself in a certain way so you know i see it when other people do it too so anyways all in is like you know maybe the thing i i've enjoyed the new thing i a new show i've enjoyed subscribing to that's great alright do we wonder what was the last one was okay i got i got two more so there's this is a quick one m guest of the year so who was the best guest that came on the pod and then your person of the year somebody you really enjoyed getting to know hanging out with working what about industry and company that's gonna be the last one alright i'll go first rob die and ariel h hawaii for guest of the year rob die blew my mind ariel he he was the biggest fan i'm the biggest fan that was a like i'm the biggest fan of his of all everyone we did and then one was the second question someone person of the year just your person of the year sam's person of the year who who do dude i'm gonna suck up again i gotta say ben and sean i've been i'm like so we just crossed like two million listens per thirty days i think we hit two point one or something like that i'm very very this is the thing i'm most proud of that we've done and so i would say and and with ben i think we found the perfect third man so and shout out to the were you tearing up just a little bit there it seemed like you i've been very kind to sean and like all the people involved in this podcast where they're like why are you being so nice i'm just really proud of of what we've done it's it's something i've been very proud of dude when we went to miami for the live show so the other band the ben works me my bit my partner he he came with and he's like i'm finally getting to meet sam like i've heard him on the pod for hours and hours never met him and i was like yeah he's great and i was like you know but like hey if sam like gets like impatient with you or like anything like that don't take it personally like you know it's just kinda his style like you know when he we're doing a live show he's gonna want it to go well it might be high you know high pressure and i've seen him kind of like go off on people sometimes if like you know whatever and we get there and sam was zen sam he was so kind so thoughtful so nice so happy and ben was like the fuck were you talking about i was like i don't know where this came from this hundred percent happy sam but like this amazing and i feel like the hell i know it's the acquisition or position you know whatever the the working out i don't know what you're doing but you you've been so much happier this year it's amazing it's part acquisition and and we're getting your the results we're finally getting we're we're finally becoming as popular as i thought we should you're you're not you're not threatened anymore right like before if the hustle failed or anything went bad that directly hurts you and you're that have thursday right so you're not you're like a dot you're like a dog you have ample food night don't underneath need to bed it it's just like it's it it's been two years it hasn't been that long since we've been doing this maybe two and a half years i forget and it's finally like coming to fruition and it's the hardest that growing growing the hustle wasn't that hard growing this has been very hard dude i just wanna say i'm so i'm so happy for you because i thought you're gonna sell the hubspot and be out of there in like three months be bitter upset you sold your baby and it's so cool to see the podcast going so well the hustle going so well trends going so well all the people still there and you actually like the guy you sold to that's i i think i under sold so i've definitely have some regrets but i don't regret it at all and i'm i'm i'm happy i i intend to do this podcast for a very long time testing is a hell of a drug wait did i go script do you the thing you paid me to say earlier alright you're i have to say about der alright i add you guessed of the year and about you're just your favorite person you got to hang out and interact with so my favorite guest was steph smith is always amazing like i i i tweeted this out but i think it's like she just drops thousand dollar bills on the ground for amazing entrepreneurs to pick up there's so many great ideas and i think for you guys the best format is a a shit load of quick hits and ideas and i think she really always delivers on that i don't really always love it when you guys just interview someone about what they're doing the other one i loved to a hub for that exact same reason just like you know i got him on your right could've bought tweeted did that you love him and i also like him and i just said hey andrew dm me come on the pot it was on your thread yeah no way all that's amazing yeah he's he's amazing he's been like actually should've have said before he's probably my favorite podcast subscription i just love his stuff it's so in depth and then what was the other question person in your life your favorite person that your non family so i would say well i may have talked to about him before but this guy kim who we started a business with last year we started this negotiation business buyer with him and i just freaking so i'll i'll just share basically what happened so basically met this guy super scrappy entrepreneur told me he wanted to start something and he told me he loved negotiating randomly in like some conversation and so i started testing him i'd be like hey i'm gonna you know i'm buying a nice car can you negotiate it for me or hey we're buying a bunch of desks just for the office right and the guy would just save me like forty percent on everything and hustle and he's awesome and so i was like okay dude this should be a business like negotiation as a service you need you know a lease negotiation saas software whatever so we start this business called buyer we go fifty fifty on it i promote it and talk about it given the rails and accounting and stuff and we literally i think we started it for like fifty or a hundred grand and we sold it to ramp about maybe six months ago now for single digit millions and so we went from like fifty k to you know single digit millions in a year amazing x it for him i would love to keep owning the business but this is what he wanted to do and it was just so cool watching somebody actually take the baton and then run the mirror what you think i more and the guy's just freaking awesome you know i don't know i mean we were we were already profitable i think we could have made a couple hundred thousand dollars of profit in the first year i told him i was like look like i think we should hold this but for him you know is a it was the first time he was ever gonna have a good man like that and you can't under value he's he's working a ramp so and you just can't under value you know getting a couple a couple millions jeans right i think it's still i think that's a great i think that's a i think they've rolled it in just copy that yeah yeah it says right here yeah they've like integrated to ramp buyer dot com or no buyer dot so much you can just do that again i thought that one headlights if anyone's listening and wants to restart that business with me because like i don't think ramp would care or like we would even say like we won't do saas or something but just i want someone to negotiate a car or a lease or you know these big ticket things on yeah your mine okay so guest of the year i had hassan min h i thought he yeah brought it and what i loved about it was i thought the episode was good but i love that he genuinely listens to the pod and like it was a conversation it wasn't an interview almost every guest is like they show up cold they'd usually have never they've heard about the show but they never listened to it or listened to one episode just to prep for it and and the ones who do like dha he listens to every episode when he came on guess what he's fired right steph listens to the episodes so she knows the vibe this was the same now he's not like a business idea machine but man the feedback i got from that episode of people just being like dude that conversation it literally felt like i was in the room i thought that was something cool that was something very something are you guys like homie now yeah we text all the time and isn't not funny what's the what's the story so when he listened and then messaged you or how did you guys connect the dots story actually so there's a another guy who's a comedy writer for a tv show his name's oz and he he writes the show rem on hulu and so he listens to the show i know how he discovered it he listens and he was like dude this is great now his network is people in kind of like hollywood and like specifically maybe like brown hollywood and so he tipped a few people off to it and and i took like a random meeting with him you know i have this one block every week just for random spontaneous meetings with cool people that are like in my orbit and so i took the meeting of them we had great vibes we connected great and i think he then told us you dude did you gotta listen to this show and so then he started listening from there and then he reached out he dm and was like or my a couple of my twitter threads viral like the club house one and then this other one the ben first one and after each one he would reach out and be like dude that was like that was so good and one time he just called me and at the end of that i was like dude he's like he's like we gotta meet he's like i'm doing a show in san francisco let's go and i go great can you stay an extra day and let's record the pod oh you know the so that's what he that's what he he's yeah he's as long as he's it's in person i'll do it i said can you extend your trip one day and that's what he did he did eight shows over a weekend and then he stayed an extra monday and then we recorded it god that's pretty bad ass isn't that awesome that's one the great talks about this another example cool see this is this is why i don't understand why anyone does public speaking like you look you look at this and you're literally reaching millions of people and it's all these random people you'd never expect to meet yeah and crazy episode is over i'm gonna like click close and i'm gonna go like feed my daughter lunch and like you know not have to be on a flight somewhere you know albuquerque to because i gave him a talk well one of the one of the things i thought was weird so you you talked about this on one of the episodes where you said you know you brainstorm with him business ideas or whatever why why would you if he doesn't like touring like you were like oh yeah you could tour make all this money but dude like i think that seems miserable flying from city to city to city staying in the hotel i i would say it's a it's a good and bad i i talk to him about it he's like well obviously the feeling of like a live crowd is a thrill and ex acceleration like musicians comedian athletes it's really the only ones who get that like yeah insane love from thousands of people while you perform your best work like that's a pretty good feeling that's addictive that's it it it's definitely cool when you're single too and and the other upside is you make a shit ton of money off of it so touring is a great business model it's basically the music industry makes all its money off touring now live shows so touring is where you can make substantial amount of money compared to online stuff the the bad the downside is he just had you know his second kid and you're out of the home for like i said significant a period of time and you know you bring on the road can get really tiring and your health blah blah looks also linear you know you're limited to the number of people that can fit i know if did you hear the idea i gave them which was to create you know hamilton for brown people yeah the hamilton i highlighted that's great is a winner alright let's do the last two right last two so last two is company to watch and and or like a prediction yeah a crazy prediction for twenty twenty two so company to watch for twenty two or crazy prediction and or no so then we it's sorry you you're missing so it's company to watch industry you got your io in next year and then prediction yeah something like that yeah you those three alright let me go first prediction i think san francisco is gonna be cool again by the way can i read out our predictions from last year yeah i think we got some wrong so our prediction for last year you said san francisco will bounce back continue to be the center of tech for decades i said that yeah you said that ego you said and then your second one was that porn hub and large companies will it'll be normal to pay pay subscription for porn okay i think san francisco went down the drain this year so far and i don't i don't know anybody paying for porn really except for i guess only fans you got that part right that's huge yeah only fans that's literally true so you get that one just not porn of then san francisco is still gonna come back i still believe it andrew you said you said no one's gonna give a shit about covid in a year or we're gonna bounce back much faster than people think and they're gonna forget about it and i was like yeah me too i agree with you andrew that was mine as well i think you're wrong we were both that's i i think it's true if you go to the states right now i mean no it's like everything's open nobody cares about it it's totally normal i don't know not this week the fact that we've been an entire episode we're living in a pandemic and nobody's mentioned anything about it in an hour and a half right i think it's totally could be made both both way oh both ways and then what was the other one that was so might get mind i i possible andrews i said my prediction alright company to watch this youtuber named meet kevin i've been watching this guy he has a fifty one million dollar portfolio and he reveals the whole thing and now his business is making thirty million dollars a year with four employees i think that sean said one day there's gonna be a billionaire youtuber i think meet kevin is the guy but potentially could do it and then industry that i got my eye on at home diagnostics i'm incredibly fascinated with at home diagnostics i've been i've tried all of them i think a lot of them are really cool and i think it's gonna continue to boom and i think it should continue to boom because we need it okay great andrew what are yours company to watch crazy prediction and what was the other one what industry to watch yeah industry yeah so company to watch i i mean it's exciting to talk about all these new new businesses but what i'm actually interested in is all these companies that were incredibly hot like three or four years ago that raised a ton of money and and they've been kinda quietly building so for example superhuman you know everyone was talking about it two years ago i haven't heard anyone talking about it but i know they're doing very well i i can't wait to see what they do with all that money and then same thing with pitch pitch was like you know huge two years ago and i think they're in a building phase so i'm excited to see what they do when they come out of that pitch pitch dot com it's basically replacing powerpoint it's like a good version what was the url first it's awesome oh super dot common pitch and crazy any predictions for twenty twenty two yeah bold bold predictions well you guys put down prediction or opinion oh oh this is prediction oh yeah here we go i think that this high salary inflation is not here to stay i think what's happened is all these companies down in san francisco are going oh crazy we can hire cheap people in canada but they're not yet going oh hey we can hire people in india and the philippines and i one of the things i've realized is that people in india and the philippines are obviously just as smart but they're far more motivated and the cost is like a fifth or a sixth of what a north american employee is and they really want the job and they care so you can either give you know you can pay an entitled millennial a hundred and fifty grand or you can pay someone one thirty grand in india and they'll do a better job and the money means more to them so i think over time i think this work will be democrat across the world and that salaries will come back to i don't think it's gonna happen next year by the way i forgot one one category that's a great one which i mean overrated thing thing you are betting against that other people seem to be into do you guys have one there mine was the creator economy and n n t's in the creator economy that's and and and web three image image and three give us your quick why n is why you're saying it's the the one you think is over overrated most overrated trend right now well i think it's a it's obviously the technology is fascinating right so that's amazing but i think it's kind of like digital beanie babies that are easily replica replica at least a baby baby's is kind of hard to replicate these are just like images that you can download that anyone can use and i think that over the long term they'll be really cool once there's a standard so if every meta or every app uses one api and everyone agrees that this is the way to access images or whatever and it's verifiable i think that'll be incredibly cool and and powerful and i love the idea of like taylor swift saying like hey i'm selling you know my song writes to my my fans and whenever anyone transact i get it ten ten percent or whatever that's amazing but i just i just think right now it's all half baked and all the protocols are all made up in won't exist in five years and i think i'm gonna win our bed okay remind remind who's ten years five years or ten years what was the exact bet yeah we we have a bet i believe you chose a piece of digital art and you said it would be worth more in the future and i said it'd be less yes great okay so i have our company to watch i have a company called terra which is terra form labs they've created something called luna so one of the biggest challenges in crypto is that people are like oh bitcoin it's cool but like it can't be used as a currency because it's too volatile and the solution that the crypto community came up with was something called stable coins and so stable coins are super important there you know billions and billions of dollars are transact every day you know whatever you i don't know about day maybe it's a month using stable coins with significant volume and there's a stable coin called luna that i think is the stable coin called us us but luna is the the token that backs it and i think luna has been on this tear it started the year at you know maybe a dollar it's at currently you know a hundred dollars so it's about a hundred x in a year it's been a great investment for me and i continue to believe that that it's gonna work interestingly it's actually being used in the real world which is one of the other criticisms of crypto so in korea in mongolia in a bunch of different places people use the stable coin without even knowing that they use it so they just use their mobile app to pay they don't realize it in the background it's being done on these crypto rails and so there's a app and career called chai i think it is that has like few million users payments app that uses uses this stable coin as the as the thing underneath it so it's it's the company to watch i think in the next year because if you can actually crack the stable coin use case you know bitcoin crack the still store value use case became you know fifty thousand dollars coin right now and going up ethereum is the you know programmable network it's this the compute layer it cracked that and you know four thousand dollars of token last year it was at like two hundred so that's been an amazing investment and luna is the the number one contender right now i think for stable coins and so i'm keeping an eye on that okay and what are the others industry i got my eye on is actually vr so most people think vr is just dead or doesn't work but i know if you guys know this but oc outs sold xbox this year so oc sold ten million units which is about four billion in revenue for facebook on just the hardware for getting the games in the apple store that they have now xbox had some production shortages so probably would have been more but like just to round it up oc did about ten billion sorry ten million units and playstation did fourteen million so it's like it's not that far behind you do you remember when ocular earth story when xbox had that like weird little bar that you can put over your tv and you could like move your hands connect right that was a huge best seller right but it was still gimmick like i bought one everyone thought it was cool and the exact exact i remember i played it for like a day and then i was like whatever this isn't ready and i did the same thing i've i've i bought an oc every single year for the last three or four years and i every single time i feel sick and i'm uncomfortable i why i use it this sucks cool and then it's every use it every time use it say to myself it's not there yet but i i i buy it i buy into it i think apple i think apple is gonna dominate think apple is vr there's a couple signs i think are really promising one is that over sixty games made over a million dollars on the platform which i think is pretty impressive in six games made over ten million dollars so i think that's also pretty impressive growth there so i think vr is something that most people are thinking is it's not happening and it's it's growing like rapidly so i thought that was pretty good and then let's see what's it crazy predictions okay my craziest prediction is at the wink vine the wink guy end up richard than z so here's the case of how the wink v get their revenge in the end like they own about one percent of all bitcoin in circulation they also own gemini and exchange is probably valued at somewhere between twenty and thirty billion dollars they own one percent of bitcoin they want one percent of all the bitcoin they also own a substantial amount of eth they haven't announced how much and if crypto actually like has it's like you know it's heyday and bitcoin goes up to so here's the here's what you need to believe i don't think there's a twenty twenty two bet at all this is more of like a five year bet but if you think that facebook is peaked and facebook you know doesn't grow or even maybe drops you know fifteen percent twenty percent in value and because their priced at a very has a growth stock and if you think that bitcoin gets to five hundred k eat gets to fifty k gemini i ends up going public they will actually be worth more than z who's worth a hundred thirty billion dollars today and i think that is just a crazy you know the sequel to the social network movie is that these guys actually end up you know wealthier than than suck in the end so that's my crazy prediction should be hilarious alright that's good and oh my my overwrite trend by the way like my overhead trend is spa so you know in the last ten year a bit of ten years before you know the spa trend there was like i don't know i think it was like forty billion forty five billion of spa total in like ten years then last year there was eighty billion so doubled it doubled and this year there was a hundred sixty billions i doubled again and if you just look at spa performance like just if you just take tim math specs chan i think you know really started this trend year to date i think his average is he's down thirty percent year to date and did he make money off that yes you made yeah know a ton of money yeah that's the guaranteed money this is why messed up take they all you make you make the money amount there's a you know heads eye win tails you lose set i don't really like it and that's what happened here is that the the sponsor the promoter makes money either way and you know his stocks are down his his specs are all down thirty percent and the the overall sp five hundred is up up thirty percent so you know it's a massive you know massive delta there so i think that's you know i think specs are the overrated trend or the thing to the bandwagon i don't wanna be on if you're not the promoter i don't think it's a great place to be right now does that make you feel andrew as a spa well i'm not a spa i don't know commerce wasn't a spa no no no bloomberg mis reported us as a spa we we did something called a reverse takeover which is kind of like a spa but instead of having a spa where the the sponsor gets twenty percent they're getting like point zero one percent of your business there's just these little shell companies so no we're we're not we have sort of make on a on a typical spec it's like a hundred million dollars right twenty percent twenty percent of whatever they raise yeah so i or no twenty percent of the the future company so if you have a billion dollar company you're literally saying i'll give you two hundred million dollars to take me public and the math on it is it with a spa you can show projections which is really really valuable for a growth company and it's a little more flexible and the timing is a little shorter public rules or you don't get do projections you only do historical with a back no you get to show your fancy projections projections out whatever you think the future looks like and you i think you only have to buy in for two or three percent but you get twenty percent so that's your spread as the promoter you pay two percent of the price and you get twenty percent i don't know if how specs works exactly but something like that alright this is a good episode i think ben what do we think this is it was a a long one but i think it's gonna end up being a hit was last year's a hit yeah last year's was a hit yeah i wasn't here for last year but yeah i thought this was really great what was that you mentioned this really cool podcast what was that i one called again how to take it over the world baby how to take over the world the the if anything it's the best interim music i've ever heard yeah there you go no it was a great episode my first time attending it but andrew brought the fire and the predictions were like a little a little predictable i will say that but other than but the recommendations the companies the products were all good