101 episodes

The Hustle presents - My First Million. A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us.

My First Million The Hustle & Shaan Puri

    • Investing
    • 4.9, 88 Ratings

The Hustle presents - My First Million. A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us.

    #101 with Ryan Begelman - How to Succeed Applying Private Equity Structure to Startups

    #101 with Ryan Begelman - How to Succeed Applying Private Equity Structure to Startups

    Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) bring back Ryan Begelman (@ryanbegelman) for round two on the podcast. In today’s episode you’ll hear: Ryan explains his idea on how high-end cooking classes could make you a million dollars a year (3:00), Ryan talks about some of the very first big name celebrities to join Summit Series (8:15), Shaan asks Ryan if Adam Neumann from WeWork took entity structure too far (11:20), Ryan gives his thesis on how you structure a business following “The Virgin Model” (14:10), Shaan asks Ryan to expand on how to create wealth while still having a great life (25:10), Ryan pulls the curtain back on what it’s like to work in big banking and private equity (33:00), Shaan explains his “sell your byproduct” framework (45:12), Ryan outlines how to grow your business without venture capital (48:05), the guys talk about the psychology behind selling a high-ticket item (52:35)


    Companies and people mentioned:
    - Ryan Begelman’s website: https://www.ryanbegelman.com/ 
    - Ryan’s companies: https://summit.co/ and https://www.bisnow.com/ 
    - https://websummit.com/ was founded by Paddy Cosgrave (https://en.wikipedia.org/wiki/Paddy_Cosgrave) 
    - Adam Nuemann, WeWork founder: https://en.wikipedia.org/wiki/Adam_Neumann 
    - https://harvesthosts.com/ founded by Joe Holland
    - Barry Sternlicht (https://en.wikipedia.org/wiki/Barry_Sternlicht) founder of Starwood Capital, and https://en.wikipedia.org/wiki/Baccarat_(company), the company bought.


    This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off.


    Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
     
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    • 56 min
    #100 with Anthony "Pomp" Pompliano - The "Export Framework" to Business Creation

    #100 with Anthony "Pomp" Pompliano - The "Export Framework" to Business Creation

    Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Anthony Pompliano (@APompliano) to hear about his time at Facebook and kick around a few ideas. In today’s episode Pomp talks about his experience at Facebook and Snapchat (4:05), Pomp gives the background on how he got into tech after a career in the Army (11:25), Sam expounds on the book Tribes and the impact he thinks it can have on businesses looking to build camaraderie (18:50), Pomp pitches how to reinvent dating apps to be more authentic (24:25), all three of the guys talk about how to get customers to "hook" to your product (33:05), Shaan talks about the future of automation (41:05), the group talks about how good training programs can be huge recruitment tools (50:00).


    - https://twitter.com/APompliano: Anthony "Pomp" Pompliano
    - Investments Pomp’s made: https://www.imperfectfoods.com/ (Pomp invested at $12m valuation), https://www.everlywell.com/ (Pomp invested at a $15m valuation), https://cubcoats.com/
    - Book recommendation: https://www.amazon.com/Tribe-Homecoming-Belonging-Sebastian-Junger/dp/1455566381
    - https://lunchclub.ai/: Helps you make professional connections
    - https://thehustle.co/04212020-silicon-valley-clubhouse/: Audio-only social network
    - https://muzmatch.com/en-US/: Dating app for muslims
    - https://dilmil.co/: Indian dating app
    - https://launchdarkly.com/: Another example of an “export business”. LaunchDarkly is a “feature management” tool whose origin was within Facebook.
    - https://amplitude.com/: Helps companies boost engagement by analyzing data to show what signals to look for. 
    - https://twitter.com/sweatystartup: Storage investor and service business advocate. 
    - https://www.healthstream.com/: Teaches medical personnel latest procedures. An example of a 
    - https://www.eagletransfer.com/: Commercial moving business owned by Sam’s father-in-law.
    - https://pos.toasttab.com/: POS restaurant system
    - https://bit.ly/2XR7sSY Convo between Kevin Systrom and Matt Cohler, on selling Instagram to Facebook


    This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off.


    Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
     
    See acast.com/privacy for privacy and opt-out information.

    • 1 hr 2 min
    #99 - Creating the WeWork for Warehouses

    #99 - Creating the WeWork for Warehouses

    Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are back together on the podcast to kick around some interesting ideas. In today’s episode Sam gives Shaan the rundown on his episode with Ryan Begelman (3:20), Shaan thinks through his life story and how to pitch yourself like a product (10:30), Shaan and Sam talk about WeWork for warehouses (17:50), how to build and structure VC funds on a small scale (27:05), how do you gear unconventional products towards women (39:20), Sam and Shaan ponder if theres's potential for a women-centric, alpha environment in the workplace (49:50).


    This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off.


    Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
     
    See acast.com/privacy for privacy and opt-out information.

    • 51 min
    #98 with Ryan Begelman - How to Bootstrap Buying a Mountain

    #98 with Ryan Begelman - How to Bootstrap Buying a Mountain

    Sam Parr (@theSamParr) is joined by Ryan Begelman (@RyanBegelman). They talk about Ryan's background and rise to success through Summit Series and raising enough money to buy a 10,000 acre mountain. In today’s episode we hear about Ryan's background (1:15), Ryan talks about how Summit Series acquired a mountain (5:45), Sam and Ryan talk about frameworks for businesses and idea generation (17:33), Ryan talks about the future of "drop-servicing," an alternative to drop-shipping (22:30), both guys geek out over subscription memberships and why they both love them (27:40), Ryan talks about how to reinvent the museum with immersive art and branded rooms. And how Meow Wolf created artistic rooms to experience art in a dynamic way (34:00), Ryan gives some advice on how to structure your business so you don’t need venture capital to start (38:30), Ryan asks "what if you could build the “Burning Man for the South” (47:20), Westminster Dog show for rescue dogs only and how to scale trade shows (50:45).


    Visit tempo.fit and use "TempoHustle" for $100 off.


    Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
     
    See acast.com/privacy for privacy and opt-out information.

    • 58 min
    #97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns

    #97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns

    Today's episode is brought to you by Lemon.io. They are offering an exclusive 15% discount for the first 6 weeks of work for all the MFM fans. Go to Lemon.io/mfm to claim your offer today.


    On today's episode, Shaan and Sam are joined by Andrew Wilkinson, "The Warren Buffett of the Internet". They talk about why it's much better to be Warren Buffett and not Elon Musk, how Andrew started a local newsletter that became bigger than his local newspaper, and what the guys would do to generate millions in a short period of time.


    Looking to win a year's worth of MasterClass passes? Click the link in today's Hustle newsletter, enter the keyword from today's episode, and cross your fingers! Good luck!


    Have you joined our private Facebook group yet? It's a page where people share each other's million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
     
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    • 1 hr 6 min
    #96 - The Entrepreneur Betting Billions On American Passenger Trains

    #96 - The Entrepreneur Betting Billions On American Passenger Trains

    Today's episode is brought to you by Lemon.io. They are offering an exclusive 15% discount for the first 6 weeks of work for all the MFM fans. Go to Lemon.io/mfm to claim your offer today.


    On today's episode, Shaan and Sam talk: (5:52) Charter cities and planned communities, (12:34) Wed Edens, the man investing billions in American trains, (30:41) SPACs and the world of financial engineers, (46:18) building for the creator economy.


    Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
     
    See acast.com/privacy for privacy and opt-out information.

    • 1 hr

Customer Reviews

4.9 out of 5
88 Ratings

88 Ratings

craner80 ,

A great listen

This is one of my favourite podcast right now. The ideas they come up with are impressive, even more so how many they generate on this show.

@ericforthewin ,

Love it!

I listen to a lot of business pods - this one makes you think critically of every position these two are taking. It’s unlike interview style or story style... No offence to your guests - but the best episodes are you two riffing ideas.

Amrita M ,

High energy podcast with lots of creative ideas

If you haven't listened to the podcast yet, do check it out. It's unlike any other business podcast out there. They sometimes interview guests like Andrew Wilkinson, Scott Belsky, Sophia Amoroso etc, but mostly its just banter between the two hosts (Shaan and Sam), where they talk about strange and interesting businesses and break down their revenue models.

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