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My First Million

He Sold His Company For $15M, Then Got A Job At McDonald’s

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 7 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Episode 615: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) tell the story of Scott Heiferman, the reindustrialization of America, plus Elon’s Problem Solving Method. — Show Notes: (0:00) Millionaire working at McDonalds (11:40) Scott Heiferman’s path to $15M (17:32) Building Meetup.com to $156M exit (24:20) Rosie the Riveter 3.0 (34:32) Elon's Problem Solving Method — Links: • Get our business idea database here https://clickhubspot.com/mfm • Meetup - https://www.meetup.com/ • Bowling Alone - https://tinyurl.com/23etxxdp • Careers Built To Last - https://www.careersbuilttolast.com/ • BlueForge Alliance - https://www.blueforgealliance.us/ • Gundo Deep Dive - https://x.com/johncoogan/status/1741512539979325733 — 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/ — 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 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

Here's the headline, Millionaire Working at McDonald's.

0:02.7

And actually, it's actually much more interesting than that.

0:05.4

I feel like I can rude the world.

0:07.4

I know I could be what I want to.

0:10.4

I put my all in it like no day's on the road. This is the story of a guy named Scott.

0:16.4

Meet Up.com is probably the most popular thing that he bade.

0:19.9

Meet Up is a really cool sign.

0:21.2

I used it when I moved to San Francisco, joined a bunch of groups, met a bunch of people. It's basically a way to go from the internet to actually meeting people at real life. And so I knew about Meetup. I didn't even know about Scott. But what I didn't know was the story that Scott after he had sold his first company actually went

0:35.9

and worked at McDonald's just to kind of reset and he did that for a while and now he was going

0:41.2

viral because he's kind of doing it again.

0:43.5

He didn't tell anybody but people saw him update his LinkedIn and it said Amazon Associate or

0:48.6

like warehouse associate or something.

0:50.0

Basically he's back at a Amazon warehouse now being a pick packer kind of minimum wage job again and people are like dude this is not the first time he's done this he did this with McDonald's like you know 20 years ago and I found this fascinating and I went down to Scott Rabbit Hole and I want to talk to you about it. You have some good stuff there too, right?

1:05.8

Is that how it caught your eye?

1:07.2

Yeah, so basically he grew up I think in Iowa or Idaho somewhere in the Midwest and he grew up there and he saw that Mark and Drason releases Netscape.

1:17.3

And he was like, this is amazing.

1:18.5

And so he's like, I'm going to get in the internet.

1:19.8

And so in the mid 90s, he starts, I believe,

1:23.0

like one of the world's first online internet agencies.

1:26.7

I think it was an advertising agency, something like that.

1:29.2

He sells it for around $15 million,

1:32.2

which is something like $30 million in today's money.

...

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