MFM Goes Viral on TikTok, Solana Billionaires, Right to Be Forgo…
About This Episode
Sam and Shaan discuss the viral success of their community-driven TikTok contest and the massive business opportunities within reputation management and 'Right to Be Forgotten' laws. They also analyze the explosion of wealth in the Solana ecosystem and the migration of top tech talent into the crypto space, while providing specific frameworks for building profitable e-commerce brands.
Episode Description
Show Notes
- 00:30- How MFM went viral on TikTok
- 07:55- Right to be forgotten and Reputation.com
- 21:20- Making billions from Solana
- 39:50- Moving to Silicon Valley with nothing
- 45:50- Reflections on eComm
- 01:00:00- SOS and OpenSea
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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
Crowdsource content creation via contests rather than agencies; fans are more effective at identifying viral hooks because they understand the 'vibe' of the show.
Build e-commerce brands around products that weigh under one pound to take advantage of significant USPS shipping price breaks and maintain high margins.
Observe your reaction to the success of others as a signal; seeing people in your network achieve massive wealth can normalize high expectations and shift your 'floor' for success.
Business Ideas Mentioned
Automated Reputation Management for Individuals
SaaS
Luxury Branded Medical Hardware
E-commerce
Modern Instagram Content Studios
Content & Media