Fyre Festival's Billy McFarland Tells Us His Next Move, Lessons Learned In Jail, and More

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 22 December 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 399: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk to Billy McFarland talks about the failures of Fyre Festival, lessons learned, and his latest business venture, PYRT. ----- Links: * PYRT * Bounty Hunter World * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (05:20) - Why he's doing interviews (08:25) - Billy's background (Magnises and Fyre) (27:20) - Fyre festival failure (36:00) - PYRT (42:00) - Time in prison and solitary confinement (51:30) - Other business ideas (01:00:35) - Lessons learned in prison ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	It got to the point where I would go to sleep with no money in the bank, wake up and
0:04.6	know that like that day I had a raise a certain dollar amount just to survive.
0:09.1	And some days it was 50 grand, some days it was $4 million.
0:12.3	I feel like I could rule the world.
0:14.1	I know I could be what I want to put my all in it like no days.
0:19.1	I'll find a road.
0:20.1	Let's travel never looking back.
0:22.1	All right.
0:23.1	Today's pod is interesting.
0:24.4	We just had Billy McFarlane and he's famous for the fire festival thing, which basically
0:28.6	was this like huge Coachella type event that went viral four years ago and he ended up
0:35.4	committing a ton of crimes that he admitted to and was charged and convicted of like 25
0:40.4	or 30 million dollars with a fraud.
0:41.8	We just had him on the pod.
0:43.6	Very fascinating guy.
0:45.0	The thing that like makes me confused is he's very likable.
0:49.0	He's a very likable person, incredibly charming, very charismatic and I want him to win.
0:55.4	But he did a lot of really bad shit.
0:58.2	Yeah, yeah.
0:59.2	I mean, he's an interesting guy.
1:00.7	He's also complicated like most people.
1:04.4	And I think it was pretty interesting.
	...

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