The Richest Man In The World, A New D2C Biz Idea, And Working Wi…
About This Episode
Sam and Shaan analyze the business strategies of LVMH's Bernard Arnault and the partnership dynamics behind the investment firm Tiny. They discuss the effectiveness of internet-first collaboration and sharing psychological techniques for deeper social interactions. The hosts also brainstorm a new D2C health brand focused on gut health and propose a community dating segment.
Episode Description
Show Notes
- 02:05- Working with people you've never met
- 08:05- Billy of the week: Bernard Arnault
- 18:05- Chris Sparling
- 30:35- Are you learning the right lesson from this?
- 40:35- Who generates more ideas? Sam or Shaan?
- 42:50- Shaan's DTC idea
- ----
- 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.
- ----
- 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
- * LVMH
- * Chris Sparling Twitter
- * Tiny
- * Olipop
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- -----
Key Takeaways
Building brand as a moat requires a rare combination of operational excellence and an intuitive understanding of style to create long-term luxury margins.
True learning involves questioning if you have derived the correct takeaway from an experience rather than relying on common tropes or ego-driven narratives.
Internet-based business relationships can be highly effective by building trust through digital output and small projects before ever meeting in person.
Business Ideas Mentioned
Guts: High Margin Gut Health Drink
E-commerce
MFM's Most Wanted Dating Platform
Content & Media