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My First Million

3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic

My First Million

Hubspot

Entrepreneurship, Business, Investing

4.72.9K Ratings

🗓️ 7 October 2021

⏱️ 68 minutes

🧾️ Download transcript

Summary

Jack Abraham (@jackabraham), Founder, Managing Partner & CEO at Atomic, sits down with MFM hosts Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) to talk frameworks for great business ideas, how one hour can have more impact than everything else you’ve done in your career, the Jenga law of time management, and much more. --------- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel * Want to found a company with Jack? Check out Atomic VC Future Founders * Want more insights like MFM? Check out Shaan's newsletter --------- Show Notes: * (1:06) How Shaan originally met Jack * (3:20) The secret to startup studio success * (5:22) Why Jack has banned brainstorming sessions * (23:30) Top lessons learned from the greatest VCs in Silicon Valley * (28:22) The Jenga Law of time management * (33:30) Crazy ideas Jack decided not to pursue * (41:32) Patterns behind great business ideas * (53:56) The value of focusing on one thing vs having your hands in a lot of things * (59:40) Jack’s views on the future of crypto

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 I've

0:32.9

been listening to, like Apple or Spotify, or whatever you're using right now.

0:36.2

All right, back to the show.

0:38.5

There could be an hour that comes in your life that is worth more than the cumulative

0:42.7

sum of everything else you've spent all of the time, all of the effort, all of the energy

0:48.0

that you've spent doing everything else.

1:04.4

So we, this is like a hit podcast.

1:06.6

Like we're growing, we're doing good.

1:09.0

And yet, Sean, your microphone is the most like hood rat thing I've seen.

1:13.4

What is that?

1:14.4

Is it like balanced in there?

1:16.0

Yeah.

1:17.0

Like, there's some way that is supposed to sit, and then there's the way it actually sits.

1:21.4

And don't mess with success.

1:23.1

It's our good luck term.

...

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