190 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

    • Business
    • 4.8 • 1.1K 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.

    #182 - How an Astrology App Makes $10m+, Why a Boxing Announcer is Worth $400m & Creating a Personal Monopoly

    #182 - How an Astrology App Makes $10m+, Why a Boxing Announcer is Worth $400m & Creating a Personal Monopoly

    Shaan (@ShaanVP) and Sam (@TheSamParr) talk about an astrology app that has been creating controversy throughout Silicon Valley -- Sanctuary. VCs have come out against the app as pseudoscience, but the guys question their logic. These kinds of apps go into the bucket of "me-businesses" or businesses that tell the user about themselves. So from there, the guys brainstorm on ideas within this framework. The second half of the episode is focused on "personal monopolies" -- the concept of creating a big personal brand and monetizing it. We talk about a few people who have done it successfully and how you can too.
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    * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
    * Support the pod by spreading the word, become a referrer here: https://refer.fm/million
    * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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    Show notes:
    * (5:42) The controversy behind an astrology app
    * (20:18) Brainstorming "make-it-about-me" businesses
    * (28:40) Shaan and Sam's "one-night stand" businesses
    * (38:11) Why you shouldn't overthink your idea
    * (45:21) Personal monopolies: Michael Buffer, Judge Judy, and Ryan Seacrest
    * (54:57) Sam's Tim Ferriss story

    • 1 hr 3 min
    #181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything

    #181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything

    Virtual horse racing? That's right Shaan (@ShaanVP) and Sam (@TheSamParr) break down a virtual horse racing company doing millions. The company is so hot right now, Sam even tried investing but wasn't able to. They also talk about a company delivering testosterone right to your doorstep. We've talked about this business before, and Shaan even said it was one of the best ideas we've had on the pod. We also cover BeeRoll (Shaan thinks this can become a 9-figure company), Polymarket, and a bunch of growth tactics at the very end.
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    * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
    * Support the pod by spreading the word, become a referrer here: https://refer.fm/million
    * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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    Show notes:
    * (3:04) The company delivering testosterone to your door
    * (13:58) Making millions from virtual horses?
    * (28:38) How BeeRoll is turning regular people into micro-influencers
    * (43:18) How to bet on anything
    * (52:23) Updates on the podcast

    • 1 hr 10 min
    #180 with Furqan Rydhan - What it's Like Co-founding a $20B Company, Hardware for Mind Control & Vertical Farming

    #180 with Furqan Rydhan - What it's Like Co-founding a $20B Company, Hardware for Mind Control & Vertical Farming

    Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Furqan Rydhan (@FurqanR). Furqan was Shaan's CTO at Bebo and previously co-founded AppLovin -- a $20B+ company that recently went public. Shaan and Furqan host a weekly "Cool Sh!t Hour" between themselves to discuss the coolest innovations Furqan's seeing. We basically took that and made it into a podcast. Furqan talks about mind-control hardware, vertical farming, and a lot of interesting crypto projects. He also talks about what it was like starting a multibillion-dollar company and his mindset around making decisions on what projects to work on.
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    * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
    * Support the pod by spreading the word, become a referrer here: https://refer.fm/million
    * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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    Show notes:
    * (5:33) Background on Furqan and his new venture (f.inc)
    * (7:48) How AppLovin became a $20B+ company
    * (24:20) The hardware Furqan is bullish on
    * (35:33) DeFi and borrowing against crypto
    * (48:38) The opportunities in vertical farming
    * (59:59) The power of proximity and serendipitous opportunities
    * (1:13:40) What are DAOs?

    • 1 hr 40 min
    Greatest Hits #2 - How to Build a $100 Million Deodorant Business Starting With Only $1,000

    Greatest Hits #2 - How to Build a $100 Million Deodorant Business Starting With Only $1,000

    Shaan (@ShaanVP) talks to entrepreneur Moiz Ali (@moizali) on today's episode. Have you ever looked at the back of your deodorant stick and read the ingredients? Aluminum zirconium trichlorohydrex? PPG-14 Butyl Ether? Well, Moiz saw that and created Native, a natural deodorant without all the chemical junk. He built the company from his brother's dining table - doing sales, marketing, operations & customer service as a one-man-show. His hard work paid off, as he sold the company for $100M to Proctor & Gamble just 2.5 years after it launched. Listen in to hear the backstory of how he started using just $1k, how the company almost died (twice), and how he negotiated a $100M sale of the business! 
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    * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
    * Support the pod by spreading the word, become a referrer here: https://refer.fm/million
    * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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    Show notes:
    * 12:40 - How Moiz got his first product made and first few sales
    * 21:00 - The highs and lows of entrepreneurship
    * 27:40 - How to iterate quickly with a physical product
    * 32:55 - Shaan rapid fires questions at Moiz to understand his mindset and business at the time
    * 46:33 - How Moiz sold Native
    * 58:30 - Moiz talks about his doubters and how it fueled him

    • 1 hr 13 min
    #179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes

    #179 - How the UFC Became a Multi-Billion Dollar Brand, No-loss Lotteries Explained & How to Save on Your Taxes

    With Endeavor's IPO, Shaan (@ShaanVP) and Sam (@TheSamParr) break down the UFC's numbers and how it got so profitable. Key to the whole thing: Dana White. He bought the UFC for $2m and turned it into a multi-billion empire. The guys also talk about the mental toughness of UFC fighters and how you can take some of these same principals and apply them to your life. They also talk about an interesting concept called no-loss lotteries and a company trying to save you taxes.
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    * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
    * Support the pod by spreading the word, become a referrer here: https://refer.fm/million
    * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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    Show notes:
    * (3:28) How to retain talent
    * (7:42) The mental toughness of UFC fighters
    * (15:30) The power of self-talk
    * (24:20) How the UFC got so profitable
    * (36:38) How this company will help you save taxes
    * (41:05) What are no-loss lotteries?
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    Show links:
    * https://studentloanhero.com/
    * https://properlot.com/
    * https://www.poconnor.com/
    * https://www.fivestonetax.com/
    * https://pooltogether.com/
    * https://twitter.com/lay2000lbs
    * https://waitbutwhy.com/2021/04/lanby.html
    * https://www.thelanby.com/

    • 51 min
    #178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto

    #178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto

    Shaan (@ShaanVP) and Sam (@TheSamParr) host Balaji (@balajis) this episode. This is an amazing dive into Balaji's mind. He talks about the current issues with the media and how he's hoping to fix it with crypto and the blockchain. We also get a look at how he views the world, what motivates him, what he's been wrong about as well as the massive shifts he sees happening.
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    * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
    * Support the pod by spreading the word, become a referrer here: https://refer.fm/million
    * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
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    Show notes:
    * (0:00) Intro
    * (2:30) Balaji's background
    * (7:33) Why Balaji started a newsletter: 1729
    * (22:40) The media and its biases
    * (31:58) Balaji on memes and their importance
    * (37:45) What the future of media looks like and the role of crypto
    * (56:26) When did Balaji get into crypto?
    * (1:01:30) Sam asks Balaji what motivates him
    * (1:11:50) How the world is changing and becoming more Balaji-like
    * (1:19:39) What would 21 year-old Balaji work on?
    * (1:22:46) Why geographical proximity is no longer linked to cultural proximity
    * (1:26:25) How we can align incentives between tech and everyone else
    * (1:32:30) Balaji on crypto-social networks
    * (1:37:30) How Balaji operates day-to-day and "the idea maze"
    * (1:47:33) The importance of finding the right place to live
    * (1:57:30) What it's like to talk to Balaji
    * (2:02:08) What has Balaji been wrong about?
    * (2:11:00) Science vs. math: getting to the truth
    * (2:21:10) Balaji asks Sam for newsletter advice
    * (2:24:40) What are Balaji's guilty pleasures

    • 2 hr 36 min

Customer Reviews

4.8 out of 5
1.1K Ratings

1.1K Ratings

Marzhall Rev ,

Mania

Tech bros talking shop.

Celtic Axe Throwers ,

I found my people !!!

For years I have had tuns of ideas floating around my head but never had anyone to bounce them off. I thought I was alone until I found this podcast. I have listened to every one and can’t wait for the next one. I have gained great insight into my own business and feel like I can dive into new business ideas with super friendly like-able and funny dudes in Shaan and Sam.

chrisgbarlow ,

Energy and Ideas- love it!

Been listening nonstop since I found this. Guys are ballers with tons of ideas, energy and confidence that somehow rub off on me. They get into the nuts and bolts of making money, startups, investing.

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