#2269 How the “My First Million” Guy Made his Money
Startup Stories - Mixergy
Andrew Warner
4.5 • 591 Ratings
🗓️ 15 November 2024
⏱️ 53 minutes
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Summary
Shaan Puri is perhaps most famous for co-hosting the My First Million podcast with Sam Parr, which has garnered over 200 million YouTube views since it started in 2019.
Some of his additional projects include Bebo (sold to Twitch in 2019), Blab (live-streaming service with ~4 million users), a venture fund, and his newsletter The Milk Road (250K readers in <1 year).
Sponsored bybeehiiv – the email platform that Shaan used to build The Milk Road. It’s fantastic. Try it free using our link.
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Transcript
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| 0:00.0 | Hey there, Freedom Fighters. My name is Andrew Warner. I'm the founder of Mixergy when I interview |
| 0:02.9 | entrepreneurs about how they built their businesses. Joining me as someone who I've watched now for years, Sean Porry, and I've listened to him for years, like many of you have on my first million. And the thing that I always felt about Sean is that he was like this Silicon Valley wannabe guy, that he really dove into this world. He's nodding, so I'm not being a jerk by saying this. He dove into the world in a way that's so freaking admirable. He knew the right people. He worked with them. He raised money. I remember when I was talking to Naval about something. I was fact checking one of my other interviews. And Naval said to me, by the way, did you see what Sean is doing? I go, no what? He's one of the first people to do a rolling fund. And he started walking me through what you were doing over there. And I go, this freaking guy is always the first time all these Silicon Valley new things. |
| 0:39.5 | And then he goes, to do a rolling fund and he started walking me through what you were doing over there. And I go, this freaking guy is always the first time all these Silicon Valley new things. |
| 0:39.5 | And then he goes and gets a newsletter. |
| 0:44.3 | And I go, what? |
| 0:45.7 | This is like, like Sam Parr going back to the hot dog stand. |
| 0:48.9 | He's going and getting a newsletter. |
| 0:50.4 | What's he up to? |
| 0:51.2 | I subscribed. |
| 0:52.3 | The newsletter was hell of fun because Sean is way more fun than I am. |
| 0:56.5 | And I watched the business grow and here's my theory, Sam. And I should say this, this interview |
| 1:01.1 | is sponsored by Beehive, which is the platform you built on. Here's my theory. My theory, Sam, |
| 1:06.4 | Sean, is that you put more money in your bank from the Milk Road this newsletter than you did from |
| 1:12.6 | all the other, from any one of the other things that you'd done before. |
| 1:17.7 | Not quite true, but maybe on a time invested versus payout basis because the Milk Road was a |
| 1:24.7 | one year project and the other things, I made more, but I worked on them for, you know, I was grinding away for seven, eight years to try to make something work. |
| 1:32.4 | So definitely for the time invested, it was excellent. |
| 1:36.8 | So we'll give you half credit for that. |
| 1:39.6 | What put in more money than that? |
| 1:42.0 | What's that? |
| 1:43.0 | What put in more money than that? When we sold Bebo, |
| 1:46.7 | it was more. Oh, really? Yeah. You know what? I think because of, I guess I didn't realize |
... |
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