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

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 14 August 2020

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. See acast.com/privacy for privacy and opt-out information.

Transcript

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0:00.0	All right, let's take a second to talk about our sponsor today, HubSpot.
0:04.0	They have two new AI tools that are pretty cool I want to tell you about.
0:06.5	So the first one is Content Assistant.
0:09.1	So we know that Content's key for driving revenue because you write content, you get traffic,
0:14.7	the traffic turns into leads, the leads turn into revenue.
0:17.0	But not everybody's great at doing content.
0:19.3	And so the content assistant is basically an AI based tool that will help you come up
0:24.3	with blog post ideas or even draft the blog post or an outline for it.
0:28.9	And you can use it to write the copy that you need for your website, your landing page,
0:31.9	your prospecting emails, whatever you need to write content, this can do it for you.
0:35.6	It's built on top of OpenAI's GPT model.
0:38.5	And the differentiator is that it's an all-in-one AI power tool that's designed to help you
0:42.3	get more done, save your time, and help you grow your business faster.
0:45.9	So that's the first one.
0:46.9	The second one is ChatSpot.
0:48.4	So ChatSpot, think of that like a Chatbot that you can talk to, just ask your questions,
0:52.8	like, hey, what's our web traffic or revenue?
0:54.7	Or, hey, is there anybody in our CRM that fits this criteria?
0:57.8	It'll just pull it up.
0:59.2	Or you can ask it to do things like, hey, draft a email follow up to this prospect.
1:03.8	So ChatSpot has got your back.
1:05.2	Think of it like an intelligent assistant.
	...

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