#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 18 December 2020

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: 5:53 Dan Gilbert owns the Cavs...and a lot more 11:48 How Dan Snyder made his billions 13:40 How to pounce on new opportunities 20:20 MicroStartegy's big bet into bitcoin 29:00 The right way to learn from billionaires 34:24 The big business of lawn care and pest control 40:08 A company licensed GPT-3 - three months later they make $20k/month 42:03 Manager's for engineers? 46:58 How big companies work vs startups Thank you to our sponsor this episode, Flatfile! Spend less time on Excel and more time building your business by easily importing data using Flatfile. Check them out at flatfile.io/hustle. Have you 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	I feel like I could rule the world and know I could be what I want to put my all in it like no days on
0:12.5	On a road let's travel never looking back
0:15.0	I feel like I don't want my life. I think we're live. Are we live? We live. You look really bad. Thank you.
0:28.7	Yes, I'm very cold. Very tired. I think it shows. This is hand-gently related to business, but I
0:38.2	wanted to bring something up to you. I've lived in Austin now for a bit in my house that I just bought
0:42.9	for like five days. I've been living in the city for six weeks now. I don't know how long. Everyone
0:49.4	is talking about moving to Miami in Austin and maybe a little bit of Nashville. Where else?
0:57.4	I think that's right. I hear Austin and Miami the most. I hear Austin and Miami the most. And basically
1:04.5	for anyone who's not in our little silly bubble, which I bet actually most people are, people
1:10.2	are leaving New York San Francisco and LA and maybe a little Chicago and they are moving to Austin.
1:17.9	And so far I'm going to sound like a snob but so far my takeaway is that Austin is cool.
1:24.9	It sucks right now. It's a very ugly city in the winter. It's a nice place to live. It's easier
1:30.6	living but I miss a lot of the I don't know how to describe it. Worldly stuff of New York and
1:37.4	San Francisco and LA. Like for example, when I go and get coffee from a famous coffee place in New
1:43.9	York or do something in San Francisco or something in LA that's supposed to be like the hottest thing
1:48.1	going, it's safe to assume that that person might be in the top 5% of their category in the country.
1:55.8	And I love that. I love that. I love that. I love that. Whereas in Austin, I've been here and
2:01.0	there's been multiple times and I'm not that snobby of a person but I'll ask for like a particular
2:05.7	type of coffee like really simple like an Americano. Like I don't think that that's considered
2:10.6	snobby anymore. Right. And they don't do it. Doesn't that mean I don't drink coffee? Isn't that
2:14.6	the most basic coffee? Doesn't that just mean like just coffee and another fancy shit?
2:18.4	It's like the third most basic thing. So there's like drip coffee and then there's like
	...

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