Recapping the Mr Beast Joe Rogan Interview, The Billionaire Who …
About This Episode
Shaan and Sam discuss the relentless work ethic of MrBeast and his 'burn the boats' approach to success, alongside the story of a 17-year-old MMA prodigy. They analyze Michael Rubin's Fanatics strategy, focusing on expanding the total addressable market for collectibles and the addictive nature of live-streaming commerce platforms like Whatnot.
Episode Description
Show Notes
- 01:35- Recapping the drunk ideas episode
- 3:00- Mr Beast on Rogan
- 6:55- Betting on yourself
- 13:00- Michael Rubin and Fanatics
- 19:45- Growing your market
- 22:05- Whatnot
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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
- * Fanatics
- * Mr Beast on Joe Rogan
- * Whatnot
- * 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 expanding the total size of a market (TAM) rather than fighting for market share in a small niche, similar to Michael Rubin's approach with sports collectibles.
Adopt the 'sell the dream, not the product' framework by marketing the category first to convert non-users into enthusiasts, much like Slack sold the concept of better communication rather than just a chat tool.
Early-career outliers often benefit from 'burning the boats' and creating high-stakes environments where personal success is the only viable path forward.