From Quirkiest Biz Ideas to Favorite "Creatorpreneurs" - MFM Q&A
About This Episode
Sam Parr and Shaan Puri host a rapid-fire Q&A session, addressing listener questions about the trade-offs between 'sweaty startups' and digital businesses. They also discuss the psychology of wealth, personal regrets from their college years, and strategies for navigating complex business acquisitions.
Episode Description
Show Notes
- 01:40- Sweaty Startup
- 07:35- Most interesting startup that never took off
- 12:00- What does enough look like?
- 20:30- How would you do college differently?
- 25:35- How to handle a deal not closing
- 34:50- Updates to Sara's List
- 42:00- Maintaining Friendships
- 43:00- Quirkiest Business Idea
- 47:40- First 5 Big Boy Moves at Hampton
- 50:40- 3 Most Common Small Boy Moves
- 55:35- Sam and Shaan's Greatest Quality
- 01:01:00- Favorite Creatorpreneuers
- 01:07:20- Who would you live with?
- 01:08:40- Who is having the most fun?
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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
Links
- * Sweaty Startup
- * Dani Austin
- * Isaac French
- * Jasmine Star
- * Jason Yanowitz
- * Austin Rief
- * Pomp
- * Tim Ferriss
- * Steve Bartlett
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Check Out Sam's Stuff
- * Hampton
- * Ideation Bootcamp
- * Copy That
Check Out Shaan's Stuff
- * Power Writing Course
- * Daily Newsletter
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Key Takeaways
Prioritize digital businesses over brick-and-mortar 'sweaty startups' if you value low capital requirements, location independence, and scalability without physical labor.
Build trust during M&A deals by proactively disclosing 'skeletons in the closet' early in the process rather than letting them be discovered during due diligence.
Adopt an 'internal locus of control' by taking full responsibility for your outcomes instead of blaming external factors like the economy, competition, or your environment.
Business Ideas Mentioned
Direct-to-Consumer IQ Testing
SaaS
Online Residential Real Estate Marketplace
Real Estate
Pull-Based Social Photo App
Content & Media