Lessons From Sam's New Business Venture, High Stakes Gambling, a…
About This Episode
Shaan and Sam analyze the secret billionaire founders of Stake.com and Scale AI while exploring the highly profitable world of 'ugly duckling' niche media sites like MarketBeat. They also break down the mechanics of systems integration and how the high-rejection environment of Mormon missions provides elite-level sales training.
Episode Description
Show Notes
- 01:20- Mugshawtys
- 04:35- Cryptocurrency online gambling site owners
- 17:20- Youngest billionaire
- 20:40- Marketbeat
- 34:25- What is a systems integrator?
- 46:35- Why you should be investing more now
- 50:00- Sam's new business venture
- 58:05- Shaan's sister's business
- 01:07:40- Ben's LDS mission
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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
- * My First Million Clips contest
- * Mugshawtys
- * Stake.com
- * Primedice.com
- * Easygo
- * Scale
- * Marketbeat
- * Worldwide Systems
- * Workshop
- * Cloud Kidz Online Preschool
- * 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
Focus on utility and high-intent SEO over modern design for niche media businesses to achieve massive profit margins with minimal staff overhead.
Treat fundraising and sales as a statistical volume game where a 1-3% conversion rate is the benchmark for success rather than a reason for emotional discouragement.
Identify 'systems integration' opportunities within massive corporations where specialized middlemen are paid millions to manage complex transitions like departmental moves or software migrations.
Business Ideas Mentioned
Integrated Enterprise All-Hands Meeting Software
SaaS
Ugly Duckling Business Database
Content & Media