#219 - How to Make Billions with a Niche DTC Clothing Line

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 15 September 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode Shaan (@ShaanVP) reveals the creation of the first My First Million NFT. Sam (@theSamParr) and Shaan also talk about Laird Hamilton's Superfood company, whether people should lie more, and they share their reactions to an recent twitter thread. They close out the episode with ideas around other niches Figs could work for, opportunities with crypto conferences, and in creating retreats. --------- * The MFM NFT - https://bit.ly/MFM-NFT * Stripe for Vice - https://twitter.com/mrskylor/status/1437182707675504640 * 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: * (1:53) Laird Hamilton's publicly traded company * (6:04) The battery theory * (10:17) The MFM NFT * (14:08) The Stripe for vice story * (20:00) Should people lie more? * (23:32) Figs for construction * (35:40) Meet George Barber * (37:12) Meow Wolf for immersive experiences * (41:11) Two bit circus * (44:15) The big opportunities with crypto conferences * (47:29) Event & retreat opportunities * (51:36) What success can look like in VC

Transcript

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0:00.0	All right, QuickBag to tell you about another podcast that we're interested in right now.
0:04.4	Hosepot just launched a Shark Tank rewatch podcast called Another Bite.
0:08.9	Every week, the host relived the latest and greatest pitches from Shark Tank, from Squatty
0:13.1	Potty, to the Mention a Bench, to Ring Doorbell, and they break down why these pitches were
0:18.6	winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.
0:24.2	Basically, all the things you want to know about how to survive the tank and scale your
0:28.4	company on your own.
0:29.6	If you want to give it a listen, you can find another bite on whatever podcast that you
0:32.9	listen to, like Apple or Spotify, or whatever you're using right now.
0:36.2	All right, back to the show.
0:38.1	I never lie, but I think more people should lie.
0:41.1	You get a cool.
0:42.6	Yeah, I don't think more people should lie, because as somebody who used to lie, it's
0:48.7	really exhausting.
0:49.7	What did you lie about?
0:50.9	I feel like I could rule the world, I know I could be what I want to.
1:02.6	I want to talk about this open-sea thing.
1:06.0	I'm laughing about it.
1:07.0	But before we get into that, people like the story stuff.
1:11.0	Let me quote, not a story, but do you know who layered Hamilton is?
1:15.4	Surfer?
1:16.4	Yeah.
	...

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