The Business of Strip Clubs, Black Friday Boycott, and Three Twi…
About This Episode
Sam and Shaan discuss the unconventional business model of publicly traded strip club conglomerates and analyze three potential future scenarios for Elon Musk's Twitter acquisition. The episode also explores the economics of 'empty leg' private jet flights and the psychological challenges entrepreneurs face after selling their companies for millions.
Episode Description
Show Notes
- 03:20- Eric Langan
- 12:50- Black Friday
- 18:40- Twitter
- 36:10- George Hotz
- 48:10- Private jets
- 53:00- fatFIRE subreddit
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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
- * Jettly
- * r/fatFIRE
- * 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
Utilize a 'roll-up' strategy in fragmented, cash-flow-heavy industries like strip clubs to consolidate independent 'mom-and-pop' operators into a high-value public entity.
Book private aviation at a fraction of the cost by identifying 'empty legs,' which are repositioning flights that operators are often willing to discount by up to 80% to fill excess capacity.
Anticipate a 'purpose void' after selling a business; entrepreneurs should prepare for a transition period and find a new 'hunt' or project to avoid post-exit depression.