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My First Million

How Replit Agent made $1M on day one (then $250M in a year)

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.72.9K Ratings

🗓️ 7 May 2026

⏱️ 80 minutes

🧾️ Download transcript

Summary

Want to build an AI side hustle? Get the free AI Side Hustle Crash Course: https://clickhubspot.com/lkb Episode 821: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Replit founder Amjad Masad ( https://x.com/amasad ) about growing 100x in one year.  — Show Notes:  (0:00) 2.5M to 250M in 1 year (10:28) the darkest hour (17:00) pivot, pivot, pivot, until it hits (28:19) companies exploding with Replit (33:05) Amjad's business ideas (38:44) "we are in the singularity" (51:24) best business biography  (53:23) getting on Joe Rogan (57:00) slowing down under pressure (1:11:08) Vercel scandal (1:13:35) lifestyle upgrades of being a billionaire — Links: • Replit - https://replit.com/  — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Transcript

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0:00.0

We went from $2.5 to $250 million in one year. Did you say $2.5 to what? So $250. In one year. Did you get audited it? The first time you came on this podcast, Replets revenue was like $3 million. I feel like I've heard that you guys are close to $500 million in annual revenue now. We're on our way to a billion this year. I'll just say that. He was deadlifting before it's cool. He likes sales before it's cool

0:24.5

You're 100 million in annual revenue. We're on our way to a billion this year, I'll just say that. He was deadlifting before it's cool. He, like, sales before it's cool. He's got range. My guy's got range. The idea of, like, losing some kind of a competitor is, like, the worst building in the world. I'll fucking call. I'll show up to their office. We'll do whatever we need. And we rarely lose deals.

0:42.1

Are there any interesting trends that you're seeing in AI and on the replica platform?

0:51.7

I think for the first time, because the making software is cheaper, you can actually create a multi-million dollar business, not have to raise venture, not have to grow the team a whole lot.

1:10.9

Do you think that we are like 12 months or something like that away from like a world changing dramatically? I think we are in the singularity. I just Googled it. How many billionaires are under the age of 40? There's only 71. Really? Of all the people under 40, you are probably in the top 1,000 richest ever. We just made his day. Look at that smile. I'm having mixed feelings, Sean.

1:15.3

I feel like I can rule the world.

1:17.5

I know I could be what I want to.

1:24.8

Dude, so the first time you came on this podcast, I'm pretty sure.

1:44.7

Replitt's revenue was like $3 million, a $5 million. It was like something like that. Because by the way, this was not 10 years ago. This was like two years ago. You guys are close to $500 million in annual revenue now. Is that, I mean, blink twice if I'm in the right ballpark. We're on our way to a billion this year. I'll just say that. Oh, on your way to a billion.

1:45.6

How could I have missed it? Off by 500 million. So I'm unprofessional. I didn't, I don't know the exact number. Say the exact jump of like, I remember when I invested, it was something like two or three million bucks. Yeah, and it stayed two or three million bucks for a few years. as we were like navigating

2:01.2

what to actually do

2:02.1

we went from 22.5 to $250 million in one year.

2:07.7

That was between 24 and 25.

2:10.9

2.5 million to 250 million in one year.

2:15.9

Did you get audited?

2:17.2

We did.

2:17.9

We actually passed a PWC audit a couple months ago.

2:22.3

That's crazy.

2:23.1

By the way, we're gross margin positive, which is something that is rare in the AI industry, but by a good amount as well.

2:33.3

And we're very precise in how we

2:37.2

calculate on rate. When you grow from almost nothing to a billion dollars in revenue in 24

2:44.8

months, what type of like, there's like all these logistical questions I have. Um, like, what type of relationship

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