#324February 23, 20221:16:27
Why "Desperation Induced Focus" Is the Key to Success, Plus List…
About This Episode
Shaan and Sam discuss the 'desperation induced focus' philosophy for startups and the extreme economics behind high-end software engineer salaries. They also explore niche business models like government contract licensing for vanity plates and the growth of the raw meat diet trend on social media.
Episode Description
Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) bring you the second edition of the Player Hater's Ball. They discuss the things they think don't work: bad business ideas, bad investing advice, bad life advice, and more.
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Show Notes
- 00:25- Silent retreat in Portugal
- 04:10- The raw meat experiment
- 14:30- Desperation-Induced Focus
- 23:30- Specialty License Plates
- 30:00- Sam's pickup line to his wife
- 33:45- Dharmesh's Wordle copycat and people who make things
- 44:35- Start of listener questions: What do you hold in your portfolio?
- 47:30- How to negotiate value of company you're selling
- 58:15- How many Twitter notifications do you get per day?
- 01:08:05- What would you invest in for the other person?
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Links
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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
Key Takeaways
1
Startups should avoid premature processes and instead focus exclusively on one singular, trajectory-changing problem at a time.
2
When negotiating a company sale, naming a price first often sets a ceiling that can cost the founder millions in potential upside.
3
Hiring tinkerers who build side projects for fun is a better predictor of success than hiring 'big company' employees who only manage existing processes.
Business Ideas Mentioned
The Silent Hotel Concept
Real Estate
Niche Government Contract Arbitrage
Boring Business
DeFi Yield Concierge for Non-Techies
SaaS
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Quick Stats
Duration1:16:27
Guests0
Ideas Discussed3
Topics0