628 episodes

Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.

My First Million HubSpot Podcast Network

    • Business
    • 4.8 • 146 Ratings

Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.

    RARE interview with the "Indian Warren Buffett" - Mohnish Pabrai

    RARE interview with the "Indian Warren Buffett" - Mohnish Pabrai

    Episode 586: Shaan Puri sits down with Mohnish Pabrai for a rare interview about value investing.

    Mohnish is sometimes called the "Indian Warren Buffett" for having turned $1M into over $1B+ through stock investing. In this podcast they talk about how founders can become great investors, how to avoid big mistakes, and lessons learned from Buffett & Munger.

    Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5



    Show Notes:
    (0:00) Intro
    (1:41) Why entrepreneurs make the best investors
    (4:130) How Warren Buffett’s pre-paid for his college education
    (8:45) Becoming Ben Graham’s Protege
    (12:41) What Buffett learned about branding from See’s Candies
    (15:45) Buffett’s failed play to be a candy mogul
    (18:44) Identifying offering gaps
    (20:22) Getting an MBA at age 14 as the son of an entrepreneur
    (23:33) The 3 tells of a future millionaire
    (25:56) Mohnish builds his first product with maxed out credit cards at 24
    (27:59) The 168 hour framework
    (31:13) “Entrepreneurs do not take risks”
    (32:38) How Richard Branson launches Virgin Atlantic with no money
    (35:31) How 0.1 percent of the population owns 70 percent of all the motels in America
    (38:31) The unfair advantage of being a low-cost producer
    (40:20) How Mohnish turned his first million into $13M in 5 years
    (43:39) Pabrai Funds grows to $600M in assets in less than 10 years
    (47:35) What Mohnish knows about fundraising that we don’t
    (50:26) Pivoting from tech investments in 1999 to value investments
    (53:13) $2M lunch with Warren Buffett
    (58:09) Be a harsh grader of people
    (1:01:53) The Givers, The Takers, and The Matchers
    (1:04:40) “Heads I win, tails I don’t lose much”
    (1:09:26) Private markets v public auctions
    (1:13:35) The #1 trait that makes a great investor
    (1:15:01) What people of Reddit think of Mohnish Pabrai
    (1:16:31) Starting capital, annual rate of return, length of runway
    (1:17:24) The Rule of 72
    (1:21:50) Circle the Wagons Philosophy
    (1:23:35) Losing $3B in one unfortunate event
    (1:28:49) Be fearful when the world is greedy; Be greedy when the world is fearful
    (1:29:17) What a value investor thinks of bitcoin
    (1:30:26) Nick Sleep bets
    (1:42:30) The Best Of: Capital Allocators



    Links:
    • The Intelligent Investor - https://tinyurl.com/3jmpjrmc
    • The Dhandho Investor - https://tinyurl.com/53p9bhfv
    • Mohnish on Twitter - https://twitter.com/MohnishPabrai
    • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym


    Check Out Shaan's Stuff:
    Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd


    Check Out Sam's Stuff:
    • Hampton - https://www.joinhampton.com/
    • Ideation Bootcamp - https://www.ideationbootcamp.co/
    • Copy That - https://copythat.com
    • Hampton Wealth Survey - https://joinhampton.com/wealth

    My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    • 1 hr 53 min
    The 5 Most Interesting Businessmen Alive...

    The 5 Most Interesting Businessmen Alive...

    Episode 585:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the 5 most outrageous, eccentric, and mysterious businessmen alive right now.  

    Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5

    Show Notes:
    (0:00) 5 - James Bond with Wifi, Pavel Durov
    (12:16) 4 - The Russian Richard Brandon, Oleg Tinkov
    (22:08) 3 - The Walking Middle Finger, Sean Parker
    (38:06) 2 - The Guy Who Won The Game And Walked, Tom Anderson
    (45:40) 1 - The Israeli Great Gatsby, Aviv Nevo



    Links:
    • Pavel Durov on Twitter - https://twitter.com/durov
    • VK - https://vk.com/vk
    • Pavel Durov on Instagram - https://www.instagram.com/durov/
    • Telegram - https://telegram.org/
    • Napster - https://www.napster.com/us
    • David Choe on Howard Stern - https://www.youtube.com/watch?v=XS6awjpIimw
    • Opportunity zones - https://eig.org/opportunity-zones/about-ozs/
    • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym



    Check Out Shaan's Stuff:
    Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd


    Check Out Sam's Stuff:
    • Hampton - https://www.joinhampton.com/
    • Ideation Bootcamp - https://www.ideationbootcamp.co/
    • Copy That - https://copythat.com
    • Hampton Wealth Survey - https://joinhampton.com/wealth




    My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    • 1 hr 1 min
    Shaan Tells All: Shepherd Sells For $52M, Paper Gains, Plus Why B2B Influencers Are Coming

    Shaan Tells All: Shepherd Sells For $52M, Paper Gains, Plus Why B2B Influencers Are Coming

    Episode 584:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about using the massive upside of investing in your P&L, the ballsy-ness of Nick Huber and how to turn your annual income intro your monthly income. 

    Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5


    Show Notes:
    (0:00) Shepherd gets acquired for $50M
    (5:44) Invest in your P&L
    (7:57) The ballsiness of Nick Huber
    (13:42) The evolution of celebrity partnerships
    (17:04) A large, trusted audience
    (20:30) 2. Product-audience fit
    (21:42) 3. That Viral Touch
    (22:12) Creators who are the best at this
    (29:29) $280 millions dollar tumblers
    (31:10) Giving as you go: Do it early, make it uncomfortable
    (37:11) The curse of familiar riches
    (39:57) How to 10x your annual income
    (48:32) For the same inputs, can you get more outputs
    (50:08) Acting As If



    Links:
    • Shepherd - https://www.supportshepherd.com/
    • The Sweaty Startup - https://sweatystartup.com/
    • Dr DisRespect - https://www.youtube.com/user/drdisrespect
    • Truemed - https://www.truemed.com/
    • SimpleModern - https://www.simplemodern.com/
    • Empower - https://www.empower.com/
    • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym



    Check Out Sam's Stuff:
    • Hampton - https://www.joinhampton.com/
    • Ideation Bootcamp - https://www.ideationbootcamp.co/
    • Copy That - https://copythat.com
    • Hampton Wealth Survey - https://joinhampton.com/wealth



    Check Out Shaan's Stuff:
    Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd




    My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    • 56 min
    This Gas Station Pizza Business Makes $540M/Yr?!

    This Gas Station Pizza Business Makes $540M/Yr?!

    Episode 583:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the genius business model of Hunt Brothers Pizza, and bring you three totally different inspirational stories of people doing cool shit. 

    Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5


    Show Notes:
    (0:00) Shaan gets triggered
    (3:16) $540M ARR Pizza Business
    (14:02) This silly game is making $22M a year
    (22:11) Shaan's white collar side hustle of the week
    (26:48) "The house always has an edge"
    (33:08) Nick Gray's unconventional dating experiment
    (37:22) Real life Rom Com plays out on Twitter
    (45:23) Scott Galloway: "I can get down but I won't stay down"
    (50:11) How To Lose Weight In 4 Easy Steps



    Links:
    • Jambys - https://www.jambys.com/
    • Hunt Brothers Pizza - https://www.huntbrotherspizza.com/
    • Geoguessr - https://www.geoguessr.com/
    • The New Yorker article - https://tinyurl.com/yh95wcm8
    • Nick Gray on Twitter - https://tinyurl.com/pjctk56b
    • “How To Lose Weight In $ Ebay Steps” - https://tinyurl.com/yw7u4xbp
    • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym

    Check Out Sam's Stuff:
    • Hampton - https://www.joinhampton.com/
    • Ideation Bootcamp - https://www.ideationbootcamp.co/
    • Copy That - https://copythat.com
    • Hampton Wealth Survey - https://joinhampton.com/wealth



    Check Out Shaan's Stuff:
    Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd




    My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    • 1 hr 2 min
    The Announcement You've Been Waiting For...

    The Announcement You've Been Waiting For...

    Do you want to look half decent naked?
    Do you like free stuff?
    Do you like following the greatest podcast ever?

    Announcing to My First Million's My First Million Challenge.

    It's simple. We're doing a fitness challenge:

    100 push ups

    100 burpees (nipples to the ground)

    100 air squats


    Done as fast as you can.

    Here's how to qualify:

    Film yourself doing the challenge

    Speed up the clip

    Make it fun

    Post your video on Twitter and tag @thesamparr and @shaanvp


    We're giving away prizes!

    1 Cold Plunge to the fastest man (+$5,000 value)

    1 Cold Plunge to the fastest woman (+$5,000 value)

    NIKE Strength equipment to the most entertaining video

    NIKE Strength equipment to the hardest effort

    NIKE Strength equipment to the best costume


    The fine print: You must be subscribed to the My First Million YouTube Channel and subscribed to the podcast to win. Honor the Gentleman's Agreement. We won't check but we make content for you so please pay us back by supporting our channels.

    Contest lasts from May 10th to 12th

    • 5 min
    CEOs Pay Him $10,000 Per Appointment?!

    CEOs Pay Him $10,000 Per Appointment?!

    Episode 582:  Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the $1B idea that is basically inevitable, why stock exchanges are the smartest business model ever created and the female Pieter Levels who we’re crowning our Hustler of the Week. 

    Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5


    Show Notes:
    (0:00) Shaan's billion-dollar idea: Executive Check-ups
    (2:12) Mayo Clinic’s $100M proof of concept
    (12:58) $15K/mo lead gen arbitrage
    (17:25) Pizza intelligence
    (19:41) Shaan's Mount Rushmore of indexes
    (24:54) The most profitable companies in the world
    (26:32) Why stock exchanges have the best business model
    (33:20) "Shoot your old idea in the head" - Eric Ries
    (41:20) Hustler of the week: The Female Pieter Levels
    (43:30) "Marketing is the tax you pay for an unremarkable product"


    Links:
    • Prenuvo - https://www.prenuvo.com/
    • Big Desk Energy playlist - https://shorturl.at/ajuG5
    • Suno - http://suno.ai/
    • ICE Index - https://www.ice.com/index
    • Long-term Stock Exchange - https://ltse.com/
    • “Startup Lessons Learned” - https://www.startuplessonslearned.com/
    • Branded Fruit - https://brandedfruit.com/
    • Danielle Baskins - https://daniellebaskin.com/
    • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym


    Check Out Shaan's Stuff:
    Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd



    Check Out Sam's Stuff:
    • Hampton - https://www.joinhampton.com/
    • Ideation Bootcamp - https://www.ideationbootcamp.co/
    • Copy That - https://copythat.com
    • Hampton Wealth Survey - https://joinhampton.com/wealth







    My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    • 54 min

Customer Reviews

4.8 out of 5
146 Ratings

146 Ratings

Straight2 ,

Great but wake up on guns

19 sept 23 episode. Guns and ammo. I know that guns are so part of your culture that somehow you are able to ignore mass murders and continual school shootings, but the rest of the world sees it for what it is, even while you ignore it. Your shows go to a global audience, and whilst I love your show, when I hear guys supporting gun culture and exploring gun and ammo business like they were any other business I am honestly shocked. And sickened. I dont know why it shocks me so much, I guess it’s because Ive listened to you for hundreds of hours now and it feels like I kind of know you. You have young children, how on earth can you ignore what is happening in your country? I know I can simply stop listening to your show but I like you guys, guns and the US military aside. If continual mass murder, mass shootings, and school shootings are not enough to move you guys I doubt this message will, but I had to try.

Falcon Rodgers ,

I’m addicted

My favourite show. I’ve even listened to the whole back catalogue now. Great listening at the gym. So basically it’s comedy, business and fitness. What more could you want?

pevans182 ,

Remote Assistant System

Enormous waste of money. Not worth a tenth of the price.

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