SVB Collapse Explained, D2C Brands That May Fail, And Suli's Nex…
About This Episode
This episode features Suleman Ali (Suli) to break down the rapid collapse of Silicon Valley Bank and its implications for the tech industry. The group discusses why high-profile D2C brands like Allbirds are struggling, the dangers of venture-backed scaling, and the 'Distribution First' philosophy of successful modern brands like Happy Dad.
Episode Description
Show Notes
- 01:20- Sam's and Shaan's most heroic moments
- 12:00- Silicon Valley Bank Collapse
- 43:45- Allbirds: The SVB of footwear?
- 55:20- Chamath and the Reverse Robinhood
- 01:03:25- Going on Good Quests
- 01:16:20- Distribution before product
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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
- * Figs
- * Allbirds
- * Grove Collaborative
- * Squarespace
- * Wish
- * Nelk Boys
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Key Takeaways
Modern bank runs occur at a speed previously impossible because social media and mobile banking allow billions to be moved in a single day, necessitating more robust cash management strategies for startups.
The 'Distribution First' model, as demonstrated by creators like the Nelk Boys, is often superior to product-first models because it allows a business to work backwards from a guaranteed customer channel.
When evaluating 'Hard Quests' or complex business ideas, founders should focus on two primary filters: 'Would this be a big deal if it worked?' and 'Can I reliably get customers?' before worrying about technical feasibility.
Business Ideas Mentioned
Remote Patient Health Monitoring System
SaaS
Smart Toilet For Diagnostic Testing
Boring Business