Wordle Copycat Loses It All, Introducing Milk Road, and Guru Sha…
About This Episode
Shaan and Sam discuss the viral rise and fall of a Wordle clone developer, highlighting the potential dangers of 'building in public' when scaling opportunistic businesses. They also break down the revenue streams of Anthony Pompliano's business empire and introduce Shaan's new daily crypto newsletter, The Milk Road.
Episode Description
Show Notes
- 00:25- Why Sam is only eating fruit and meat
- 04:00- Wordle copycats
- 24:00- The many businesses of Pomp
- 35:30- Why what you do and who you do it with is more important than how hard you work
- 42:15- Focusing on the things that give you energy
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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
Anonymity is often superior to transparency when scaling copycat or highly opportunistic businesses to avoid platform intervention and public backlash.
Founders should perform an 'energy audit' on their tasks to ensure they are working on projects that recharge them, as this alignment is a massive competitive advantage.
Ethereum can be valued using traditional financial models like Discounted Cash Flow (DCF) by analyzing its transaction fee revenue, burn rate (buybacks), and staking rewards (dividends).