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The James Altucher Show

Ep. 33 - Noah Kagan: What It's Like to Lose $100 Million at Facebook

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 1 August 2014

⏱️ 91 minutes

🧾️ Download transcript

Summary

Noah Kagan, an American Internet entrepreneur and founder of AppSumo, joins The James Altucher Show.Noah gets asked the same question every time he gives an interview... "Why were you fired from Facebook?"But today... he shares it all with James and you get to hear the real story.Noah shares two secrets that he hasn't ever told in an interview before.He was fired as one of the first employees of Facebook and he left probably $100,000,000 behind if he had stayed.He tells James exactly what happened. Why he was fired. What he did afterwards. And... what he's doing now (its genius).Then... the interview veers in a different direction that changes James' life and maybe it will change yours as well. Noah tells James that one of the first steps to success is to get over your fears.Noah presents James with a challenge. It may sound simple, but he encourages all of the listeners to go out and try it as well.IT'S UNCOMFORTABLE.Going outside the comfort zone will put you in THE ZONE. THE ZONE is much bigger than the comfort zone. And James has found that he wants to live in THE ZONE even though it's scarier.You'll see that life is full of rejection, but what you learn from the experience is what will change your life for the better. ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.5

This is the James Altature Show on the Standsbury Radio Network.

0:10.9

So this is James Altature with the James Altature Show and I'm here with Noah Kagan.

0:19.2

Some of you might not know who he is but Noah, I know your most important thing that I

0:25.0

want to talk about in this podcast is App Sumo and by the end of this podcast anyone

0:31.1

listening to this is going to learn how to make seven figures in their spare time.

0:35.9

But I do want to mention that you were Facebook employee number 30 and you got fired and

0:42.4

I know everybody talks to you about this and I don't want to be yet another guy asking

0:46.5

you about this but I have to ask you about it.

0:49.9

So welcome to the show Noah.

0:52.9

Yeah, thanks for having me.

0:56.0

Now Facebook employee number 30, what was even half, was it like a tiny little website

1:01.3

when you were Facebook employee number 30 like what was it then?

1:04.2

Well it's all relative, right?

1:06.1

So even back then it was still pretty big.

1:08.5

We had about seven million signups.

1:10.5

I think we were doing somewhere between 15 and 50,000 signups today.

1:14.1

So it's kind of like obviously now that 1.5 billion active people ever take and then

1:19.6

at that time it was small but it was still growing at like an enormous pay.

1:24.0

So it felt good.

1:25.0

It felt like something exciting was happening.

1:27.3

Oh, I mean I knew something was exciting was happening.

...

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