The Startup Sins Of Uber, Why Scaling Is Overrated, and More
About This Episode
Shaan and Sam discuss the importance of doing 'unscalable' things in the early days of a business, citing examples from Airbnb, Product Hunt, and a rap group's marketing funnel. They also explore the 'binge bank' content strategy and the significant wealth-building potential for employees joining high-growth tech companies.
Episode Description
Show Notes
- 01:25- Custom rap tracks and why scaling is overrated
- 14:25- The many startup sins of Uber
- 18:05- Scott Belsky
- 31:45- How to make millions from a salaried position
- 45:50- The insanely high value of predicting things
- 55:55- The surprisingly big opportunity of private security
- 01:02:30- Writing a note to your spouse every day
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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
- * Sundae Conversation
- * Product Hunt
- * Newspapers.com
- * Rahul Pandey / 5 Offers with FAANG
- * PreciTaste
- * WGSN
- * Grabr.io
- * jdnoc
- * 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 'doing things that don't scale' to secure your first 1,000 true fans, such as manual personalized outreach or custom creative gifts.
Creators should build a 'Binge Bank,' a curated library of their best past work that allows new fans to fall down a rabbit hole and build deep loyalty quickly.
Joining a fast-growing tech company with at least 1,000 employees is a low-risk, high-reward path to wealth because exponential equity growth is often undervalued by candidates.
Business Ideas Mentioned
AI Powered Business Demand Prediction Engine
SaaS
Curated Creator Binge Bank Platform
Creator Tools
Elite Private Security for Corporate Executives
Agency