#173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X"

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 21 April 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shaan (@ShaanVP) and Sam (@TheSamParr) dive deep into 75 Hard: what it is, who's behind it, and why it's so successful. From there they talk about a similar business: Beachbody. Beachbody does over $1B in sales, but the way they generate their profits will surprise you. The guys also brainstorm on "HackerNews for X" ideas and how to pull them off. Towards the end, Sam challenges Shaan on why he's running so many businesses and not focusing on just one. --------- * 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: * (2:00) Talking pod growth * (8:20) Shaan's funny story from college * (13:12) "HackerNews for X" * (30:12) What is 75 Hard? * (35:30) How Beachbody became a $1B behemoth * (52:04) Sam challenges Shaan on doing many businesses instead of focusing

Transcript

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0:00.0	In this class, there was one guy who was always talking.
0:02.8	He would raise his hand.
0:03.8	First thing for every single question,
0:05.7	he had a big opinion on all these topics.
0:07.6	And like, dude, has this guy know about all this stuff?
0:09.8	And he was just super into the internet.
0:12.5	And at the time, my head labeled this guy as a loser.
0:16.5	I was like, wow, this guy's like this over-eager student
0:19.2	who's kind of a know-it-all and kind of
0:21.8	sucking up to the teacher.
0:22.9	And like, why is he so into this?
0:24.6	Wow, what a loser.
0:25.8	He spends his nights researching the pros and cons
0:28.2	of naturality.
0:29.3	OK, now fast forward.
0:30.2	Now, that's me.
0:31.7	I'm that loser.
0:32.3	I was just late to the game.
0:33.6	And that guy, Dan, ended up joining Coinbase
0:36.8	as one of the early employees.
0:50.1	A brave, what is your rating of today's episode?
0:54.0	I'd go a minus.
	...

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