210 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.

    #193 - How a $25 Million a Year Sweepstakes Business Works and Shaan Predicts the Future

    #193 - How a $25 Million a Year Sweepstakes Business Works and Shaan Predicts the Future

    Shaan (@ShaanVP) and Sam (@TheSamParr) go in depth on how the Sweepstakes industry works, and Sam shares how they would use sweepstakes to grow the Hustle. The guys also discuss a business friendly take on deep fakes, a no-chicken chicken nugget, and how options contacts could work for startup founders. They end the episode with a long segment where Shaan predicts what the next version of today's big companies will look like.
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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:
    * (1:20) Recap of episode 
    * (6:36) Brick and mortar businesses
    * (10:45) Losing millions with shipping delays
    * (14:26) Oasis - a positive spin on deep fakes
    * (23:23) Multi-million dollar sweepstakes businesses
    * (36:39) How the Hustle thought about user acquisition
    * (41:12) The chicken-free chicken nugget
    * (44:09) Options contracts for startups
    * (50:16) The Future: Shaan gazes into a crystal ball
    * (51:13) The Future: Apple
    * (51:56) The Future: Facebook
    * (53:23) The Future: Amazon
    * (54:31) The Future: 7/11
    * (55:28) The Future: Netflix
    * (56:55) The Future: Pornhub
    * (57:53) The Future: Domino's
    * (59:30) Episode close

    • 1 hr 4 min
    Greatest Hits #6 - Sam Retells All - Selling for 10s of Millions after Making Millions with an Email Newsletter

    Greatest Hits #6 - Sam Retells All - Selling for 10s of Millions after Making Millions with an Email Newsletter

    On this episode, Sam (@theSamParr) gives an update on an earlier episode with one of our most popular guests, himself. Sam revisits what he said almost 2 years during Episode 3, and shares 18 updates on how he currently thinks about those same topics now.
    Sam Parr (@theSamParr) is the founder of The Hustle - a simple email newsletter that has surpassed 1M daily subscribers and will be north of 8 figures this year. Sam walks us through how he built The Hustle from scratch as well as his adventures starting a hot dog stand, selling booze on the internet, meeting celebrities on the street and convincing them to hire him and how he would get rich if he was 21 again!
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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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    Sam's commentary:
    * (1:02) Sam intro commentary
    * (7:41) Sam commentary 2
    * (13:56) Sam commentary 3
    * (20:07) Sam commentary 4
    * (25:14) Sam commentary 5
    * (39:46) Sam commentary 6
    * (42:52) Sam commentary 7
    * (45:16) Sam commentary 8
    * (47:33) Sam commentary 9
    * (49:06) Sam commentary 10
    * (53:18) Sam commentary 11
    * (54:43) Sam commentary 12
    * (58:07) Sam commentary 13
    * (1:05:42) Sam commentary 14
    * (1:06:06) Sam commentary 15
    * (1:07:37) Sam commentary 16
    * (1:09:29) Sam commentary 17
    * (1:12:32) Sam final commentary

    • 1 hr 13 min
    MFM Mini - Stop Living Hour-to-Hour

    MFM Mini - Stop Living Hour-to-Hour

    Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com.
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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.

    • 5 min
    #192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes

    #192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes

    Shaan (@ShaanVP) and Sam (@TheSamParr) break down the greeting card industry. They talk about digital cards and the staying power of card subscriptions, a new way to send gifts over social, and Shaan shares a story about his roots as a business operator. They discuss a subscription business for expecting mothers and Shaan shares an interesting story about the FBI. The end of the episode they talk about a little known Billy of the week.
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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:
    * (1:23) Recap of episode 
    * (2:54) Making billions with greeting cards
    * (5:46) Segue: how the podcast changed Shaan's brain
    * (8:51) Back to greeting cards
    * (9:56) Making millions for decades at birthdayalarm.com
    * (15:54) Givingli & Hooked 
    * (18:39) Thoughts on the Pro Republic article
    * (25:28) The subscription for expecting mothers
    * (34:20) Outpacing the S&P with the anti-Galloway Index
    * (37:33) The secret FBI crackdown on criminals
    * (40:51) The growth of privacy focused apps
    * (43:20) Recapping the genius of Mike Maples
    * (48:35) Technology at Chick-fil-a
    * (54:53) McKinsey for tech consulting
    * (56:55) Consensys
    * (59:27) The Gordon Bombay of crypto
    * (1:04:19) The hypothetical invisible medium that permeates the universe

    • 1 hr 7 min
    #191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks

    #191 with Mike Maples - 4 Big Trends and $0 to $1 Billion Startup Idea Frameworks

    Shaan (@ShaanVP) and Sam (@TheSamParr) talk with seed VC Mike Maples (@m2jr). Mike is a co-founding Partner at Floodgate. He has been on the Forbes Midas List eight times in the last decade due to notable investments like Twitter, Twitch, Lyft, and Okta. In this episode he talks about the four big trends he is excited about, the types of companies he likes to invest in, and why a startup isn’t a company. He shares a few of the mental models he uses at Floodgate to evaluate startups and shares the thoughts behind some of his unique turns of phrase.
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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.
    ---------
    Show notes:
    * (1:02) – Debrief of the episode
    * (6:37) - Intro to Mike Maples
    * (9:02) - How Mike thinks about the next big thing
    * (11:00) – The 4 inflections Mike is excited about
    * (13:51) – Cloud Offices
    * (19:33) – A brief history of centralization & decentralization
    * (22:48) – Examples of software defined companies
    * (26:14) – A practical way to prepare for the future
    * (30:23) – How Mike thinks about investing in startups
    * (33:07) – Startup investing mental models
    * (37:39) – Mike’s take on "1 to n" businesses
    * (42:36) – Mike on Balaji
    * (47:11) – Mike on media companies 
    * (49:49) – Force a choice, not a comparison
    * (54:46) – Mike’s information diet
    * (57:40) – Contact info & future topics

    • 1 hr 4 min
    Greatest Hits #5 - The 1-800-GOT-JUNK Story

    Greatest Hits #5 - The 1-800-GOT-JUNK Story

    We're trying a new format. Sam (@theSamParr) adds his commentary throughout the episode this week. Let him know on Twitter what you think of the change.
    Brian Scudamore (@BrianScudamore) is North America’s Junk Man. He turned a $700 pickup truck into one of the world's most successful franchises. Hear how he got started, got on Oprah, stumbled and almost killed his business, and the philosophies he uses to run his multimillion dollar junk empire!
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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.
    ---------
    Show notes:
    * (3:41) Intro by Shaan to original episode
    * (5:22) How Brian got his story out there
    * (8:42) The origin story of 1-800-Got-Junk
    * (19:28) How Brian got the 1-800-Got-Junk number
    * (24:18) The vision board and getting on Oprah
    * (34:07) How Brian tore everything down to rebuild even better
    * (38:56) What Brian focuses on when hiring
    * (47:07) Why business went down $40M and how Brian responded
    * (51:58) Q1: What does Brian see as their breakthrough moment?
    * (53:14) Q2: How does Brian get liquidity & think about money?
    * (56:44) Q3: What would Brian do if he was 21 again?
    * (57:58) Getting in touch with Brian

    Sam's commentary:
    * (1:02) Sam's intro commentary
    * (4:42) Sam commentary 2
    * (10:41) Sam commentary 3
    * (12:46) Sam commentary 4
    * (14:45) Sam commentary 5
    * (15:23) Sam commentary 6
    * (20:45) Sam commentary 7
    * (31:16) Sam commentary 8
    * (39:46) Sam commentary 9
    * (41:33) Sam commentary 10
    * (54:44) Sam commentary 11
    * (59:33) Sam final commentary

    • 1 hr

Customer Reviews

4.8 out of 5
1.1K Ratings

1.1K Ratings

BBishop30 ,

It’s a great staple pod- pretty simple

I don’t think I’ve ever left a podcast review but felt compelled because of how good the show is and how much I look forward to episodes each week.

Great blend of info, entertainment, and ideation.

Strong range on interests from blue collar biz to the most deep tech.

christophermcc ,

Yes! More Mike Maples please

I have listened to every MFM podcast you all have published. It’s gets me fired up each day as run my business… but I listened the Mike Maples interview back to back. I had to re-listen and take notes. Great Episode !! Thanks guys keep up the great work !

guest ques ,

Engagement by asking guests questions

My two cents: love this podcast overall. My favorite part is how both Sam and Shaan engage with their audience through Twitter. I’m a 22 year old trying to get into this startup space and explore opportunities and see what successful people would do if they were my age. I do wish I could ask their guests questions or if there was a way they could tell us the guest and we could submit our own questions to add on

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