How Roger Federer Became A Billionaire, Betting On Yourself, And…
About This Episode
Sam and Shaan break down the business strategies that turned athletes like Roger Federer and Floyd Mayweather into billionaires, focusing on the shift from endorsements to equity and vertical integration. They also explore the history of hedge funds, the psychology of incentives, and analyze the early seed pitch of Figma.
Episode Description
Show Notes
- 01:20- Figuring out employee incentives
- 13:35- Idea: Pooling tech employee options
- 20:50- When the main thing doesn't make the main money
- 26:15- Billy of the week: Roger Federer
- 36:30- JP Morgan doesn't know anything
- 40:45- Figma Seed Pitch
- 52:40- Floyd Mayweather and betting on yourself
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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
- * More Money Than God
- * Grit
- * (YT) Dylan Field pitches Figma to Daniel Gross
- * (YT) Inventing on Principle - Bret Victor
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- * Want more insights like MFM? Check out Shaan's newsletter.
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Key Takeaways
Trade brand power for equity rather than just cash fees to capture massive upside, as seen in Roger Federer's 3% stake in On Running which became worth hundreds of millions.
Leverage loss aversion in management by using 'clawback' structures or pre-paid bonuses, which are often more motivating than the promise of a future reward.
Identify 'technological inflections' like WebGL to disrupt industries by moving heavy, desktop-bound software into collaborative, browser-based environments.