#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 14 April 2021

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Jake Paul (@JakePaul) and Geoffrey Woo (@geoffreywoo). The guys talk about Jake's upcoming fight with Ben Askren and a friendly wager Sam placed. We dive into business with Jake giving his take on the creator economy, why he's worth billions to the big platforms, and how Bitclout can play a role in all of it. He thinks he can be the next Jay-Z or Dr. Dre, bridging an entertainment career with a successful business one. He's already had a hit with Fanjoy, which he breaks down for us. Jake also talks about his investment philosophy, some of the companies he's investing in, and the areas he's most interested in at the moment. --------- * 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: 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: * (2:32) Jake talks about his upcoming fight with Ben Askren * (7:29) Jake and Geoff talk about his new fund and his investing philosophy * (20:14) The business opportunities Jake's most interested in * (30:41) The guys give their takes on Bitclout and the creator economy * (40:05) Brainstorming with Jake * (1:05:08) The guys debrief after the Jake Paul podcast

Transcript

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0:00.0	part of it's just legacy for me, you know, just wanting to be this generation's Jay-Z or Dr. Dre.
0:19.8	Jake, do you know anything about this podcast? Do you know anything about the hustle? What's your
0:25.4	context here? Because we know, I mean, I know everything about you. I'm pretty up to speed.
0:31.8	You know, I'm not an expert on my first million podcasts, but I know Sam, I know you from
0:39.6	some GaryVee videos and have watched you. And yeah, Jeff has spoken super highly of you and
0:47.8	yeah, excited to be on the podcast and learn what it's all about.
0:52.4	Well, yeah, so I can give you the, which I'll give you the short rundown, but I'll say that whenever
0:57.4	we talk about numbers, I feel pretty proud of them. And then I talk to you and I'm like,
1:02.0	fuck yeah, that's not that interesting. So like, so anyway, the hustle got like two million
1:08.0	subscribers and read by those folks each day to get their business news. And then we have a
1:12.3	bunch of other businesses that are subsidiaries. We have this thing called Trends where we analyze
1:16.3	cool companies. We have this podcast, which Sean started, but we just sold the company for a fair
1:23.8	bit of money to HubSpot like 60 days ago now, 30 days ago. And Sean had a company that he sold to
1:30.0	Twitch or Amazon. So that's kind of like our our our experience here, which is actually similar to
1:36.9	you, Jeff. I think that Jeff, you and I and Sean are a little bit similar, but Jake, like when we say
1:43.4	our numbers of like, actually, he's like, he's like, no, five million downloads. That's true. I
1:48.1	remember I floored once and got five million. I actually don't think that I look at people who
1:53.8	have niche following almost as more powerful because it's what what audience are you influencing
2:00.1	over? And you know, are they are they listening to what you're saying? You know, can you move them
2:06.1	into different segments? Like there's people who have maybe 10,000 followers. Like I know this,
2:11.6	this yoga instructor, she has 10,000 followers, but she has like a course where a thousand people
2:17.5	or or 2000 people are paying her to teach them yoga. So do you do for for some of these YouTube
	...

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