Shaan's Story: How I Made My First $1,000,000 By Age 31
About This Episode
Shaan Puri details his career path from working for a billionaire in Indonesia to selling an e-sports league to Amazon for millions of dollars. The conversation focuses on high-stakes negotiation tactics, the psychological shifts required to transition from employee to owner, and the concept of the 'surface area of opportunity' when starting new ventures.
Episode Description
Show Notes
- 01:40- Seinfeld interview
- 11:38- Shaan's story
- 14:20- First job in Indonesia
- 25:40- Stripe interview
- 31:20- Monkey Inferno
- 49:10- Selling
- 53:10- Podcast
- 56:30- What to do with the rest of my life
- * Production Credit: Caspian Studios
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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
- * 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
Winning a high-stakes auction requires psychological dominance; project an image of having an infinite bankroll and counter-bid instantly to demoralize your competition.
Be wary of 'securing the bag' via a long earn-out at a large company, as the opportunity cost of not starting your next venture during that time can be far higher than the guaranteed payout.
Retention is the most critical metric in software because it reflects a fundamental 'marriage' between the user and the product that cannot be manufactured through growth hacks or marketing.