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My First Million

Greatest Hits #1 - Turning it Around: From Failure to a $100m+ Success

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 3 May 2021

⏱️ 82 minutes

🧾️ Download transcript

Summary

Suli Ali is one of the most interesting founders we’ve had on the pod. Suli and his brother Moiz have started and sold $300m worth of companies. They’ve also invested in hundreds of big-name startups, thousands of real estate deals, and much more more. He built small, silly apps. Like a Facebook app survey where you voted “most likely to wear a bunny costume”. Yet...it turned into a huge success. How? When he sold his first company, it was doing $85 million in revenue and $15 million in profit. In this episode, we discuss his journey from making $76k a year at Microsoft to selling his first company for $100,000,000+. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * 8:05 - Shaan predicted this podcast would be successful...he was right! * 9:55 - Suli’s parents encouraged him to start a company...and why that’s important. * 24:25 - Meeting Naval - is he legit? * 27:25 - Getting grilled by Keith Rabois * 41:25 - Listen to Suli’s confidence and how he explains starting stuff and how he deals with downs. * 1:02:25 - Risking his life savings to make his company work (then selling it for $100m).

Transcript

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0:00.0

Alright, what's going on?

0:01.5

So today we are doing a my first million rewind

0:05.2

where we look at some of the best episodes

0:06.9

that we've ever done and we're going to give an update

0:09.7

on them and replace them the episodes

0:11.3

because we've been growing quite a bit

0:13.3

and not everyone has heard some of those great stuff.

0:15.9

So today's episode is actually the first episode

0:18.8

that we ever did and at the time it was just Sean.

0:21.7

He basically called me one day and he goes,

0:23.7

hey, I just recorded this podcast idea thing

0:25.8

that I have, tell me what you think.

0:28.2

And it was awesome.

0:29.0

I was totally blown away and that's what this episode is

0:33.0

is the very first one that he ever did.

0:34.8

And at first it wasn't Sean and I coming up

0:37.0

with ideas and brainstorming.

0:38.2

It was just him interviewing people

0:39.6

and it was really wonderful.

0:41.1

And this episode is the story of Suley Ali.

0:45.4

Suleman Ali is his full name who's a good friend

0:47.9

of Sean and I and his story's crazy fascinating.

...

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