A Billionaire's Guide To Going From $4/hour to $1 Billion Net Worth - Dharmesh Shah

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 3 December 2024

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Get our Business Monetization Playbook: https://clickhubspot.com/monetization Episode 655: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Dharmesh Shah ( https://x.com/dharmesh ) about how to increase the odds of hitting your first million and your next million. — Show Notes: (0:00) Intro (3:33) Lesson 1: Get leverage (9:26) Lesson 2: Be an asset, not a liability (13:40) Lesson 3: Get even closer to the value creation (19:42) Mini Masterclass on Power Negotiating (24:35) Dharmesh's little-known $2M failure (29:35) Lesson: Insight compression (34:08) Dharmesh sells Chat.com (41:06) Agents are the new apps (44:51) The future is hybrid teams (49:23) Agents Dharmesh uses today (53:20) Dharmesh's next big thing (1:02:58) Uncomfortable company values (1:05:33) Local maximum vs global maximum (1:06:57) RaaS: Results-as-a-Service (1:09:59) Being a first time billionaire — Links: • Agent AI - https://agent.ai/ • Harvey MacKay books - https://harveymackay.com/books/ • Getting To Yes - https://tinyurl.com/43ne6v97 • Connecting Dots - https://connectingdots.com/ • MFM Vault - https://frontend-production-f8b7.up.railway.app/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0	You've had a good quarter. HubSpot stock, I think hit an all-time high. You sold a domain to Open AI. You came with a pod. You know, I don't care what they say about you, Demas. You're doing okay. I'm doing okay. Thank you. Okay. It's my first million. How do we use the hour so that it's your first million? If all you do is spend 100% of your time converting your labor
0:21.4	into value and do not increase your leverage, you're not going to get anywhere.
0:25.4	Okay, so what were the things you invest in that had maybe the highest return for you
0:29.8	that did actually make you more high leverage? Never in my mind has it been easier to get
0:35.4	to that first million than right now. There was no good way to squeeze this, but I can't not say it. I know I'm going to regret.
0:41.5	Okay.
0:43.0	I feel like I can rule the world. I know I could be what I want to.
0:48.2	I put my all in it like my days off.
0:51.5	Let's start with opening remarks.
0:53.1	The first is, well, I'll call an unhidden agenda.
0:55.9	And my unhidden agenda, so I have a picture of Venn diagram.
0:58.2	I love Venn diagrams.
0:59.5	Circle number one, I want to talk about things that I think I have useful things to say in some expertise.
1:05.2	So we'll definitely talk about AI and agents and things like that.
1:08.6	But the other circle is things that I think are borderline
1:11.4	guaranteed to increase the probability of you, the audience, making your first million.
1:16.1	Thing number two is that in order to do that, you know, we have at HubSpot, we have a culture
1:21.9	of humility. That's one of the core five values at HubSpot. And I've said this particular
1:26.6	line to employees at HubSpot. I don't think I've ever said it outside of HubSpot. And I've said this particular line to employees at HubSpot.
1:28.3	I don't think I've ever said it outside of HubSpot.
1:30.4	But I'm going to solve for utility over humility.
1:33.9	So if there's a way to say something that's going to be more useful as a result of...
	...

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