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#150December 30, 20201:47:39

#141: The 2020 MFM Award Show

About This Episode

In this special annual award show episode known as 'The Millies,' hosts Sam Parr and Shaan Puri are joined by Andrew Wilkinson to review the biggest business wins and losses of 2020. They discuss billionaire 'Billies of the Year,' breakout companies like Zoom and Moderna, and debate the future of remote work and digital assets.

Episode Description

Shaan Puri (@ShaanVP), Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) wrap up 2020 by awarding and highlighting the best moments in the business world, the MFM podcast and their personal lives. The guys also make some fun predictions for what's to come in 2021. This is the first annual MFM Millies. Enjoy! - (2:20-9:01) Billy of the Year - (9:02-14:10) Breakout Company of the Year - (14:10-20:40) Under the Radar Company of the Year - (20:41-28:40) Favorite Person of the Year (non-family) - (28:41-32:10) Favorite Tool of The Year - (32:11-44:10) Best Investment of The Year - (44:11-46:43) Best Bet for 2021 - (46:44-53:50) What prediction did you get wrong in 2020 - (53:51-56:29) What person would you want to invest in? - (56:29-1:00:00) Wildest predictions for 2021 - (1:00:18-1:01:02) Which big company will be acquired in 2021? - (1:01:03-1:05:47) Best MFM Idea of the Year - (1:05:48-1:07:20) Best MFM Guest of the Year - (1:07:21-1:12:02) Worst MFM Idea of the Year - (1:12:03-1:15:34) Best MFM Moment of the Year - (1:15:35-1:19:10) Favorite Project of the Year - (1:19:11-1:28:03) Industries to Watch in 2021? - (1:28:04-1:35:05) Most Overrated Company/Trend of the Year - (1:35:06-1:35:48) Fuck/Murder/Marry - SF, Austin, Miami - (1:35:49-1:38:10) Favorite new podcast/newsletter/Twitter follow of the Year - (1:38:11-1:39:27) Favorite Book of the Year - (1:39:28-1:42:07) Best/Worst Habit of the Year - (1:42:08-1:44:13) Pleasant Surprise of Quarantine - (1:44:14-1:48:27) Best Purchase Under/Over $100 - (1:48:27-1:50:28) A lesson you learned about yourself in 2020 - (1:50:28-1:53:04) Best Relationship Hack of the Year - (1:53:05-1:56:40) Resolution for 2021 Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Look for 'second-order consequence' businesses that benefit from major shifts, such as home fitness brands like Rogue Fitness thriving during gym closures.

2

Evaluate assets like Bitcoin through the lens of 'network effects' where the value of the network grows exponentially relative to user adoption and institutional trust.

3

Maximize returns by 'selling pickaxes' to specific industries, such as investing in payment infrastructure (Stripe) or exchanges (Coinbase) instead of individual high-risk startups.

Business Ideas Mentioned

Always-On AirPod Walkie-Talkie

SaaS

Failed Startup Asset Acquisitions

Acquisitions

Live Interactive Video E-commerce

E-commerce

View all ideas

Guest Graveyard Mentions

TF

Tim Ferriss

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Quick Stats

Duration1:47:39
Guests1
Ideas Discussed3
Topics5