Best of This Week: March 4th
About This Episode
This Best of episode features David Friedberg on the psychology of moonshot leadership and Raoul Pal on the exponential power of network effects in digital assets. Sam and Shaan also break down the history of Russian oligarchs and how state-owned assets were converted into massive personal fortunes through strategic political alignment.
Episode Description
Show Notes
- 01:30- David Friedberg on the power of thinking big
- 05:15- Raoul Pal on network effects and crypto
- 10:45- Sam and Shaan discussing how the Russian oligarchs came to power
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- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Key Takeaways
Resist the urge to trade high-stakes moonshots for guaranteed smaller outcomes, as settling for a narrower customer base early on can permanently prevent a company from reaching its full potential.
Apply Metcalfe's Law to evaluate the value of technological networks, recognizing that as the number of users grows, the value increases exponentially rather than linearly.
Focus on building or investing in networks that marry the user with the owner, as this alignment creates a tribal growth loop that traditional centralized businesses cannot replicate.