I got rejected from YC (4x)…. now my side hustle is worth $1.16B

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 11 December 2024

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Get our Business Monetization Playbook: https://clickhubspot.com/monetization Episode 658: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Replit founder Amjad Masad ( https://x.com/amasad ) about the massive opportunities with AI Agents. — Show Notes: (0:00) Replit origin story (9:27) Replit's 10-year overnight success (12:27) Rejected 4x by YC (17:28) Personal essays from Paul Graham (20:17) "i hacked into my university to change my grades" (25:55) Rickrolling into YC (35:25) Shaan builds a food tracking app in 30 seconds (43:19) Magic School: An AI application for educators 4M users in 1 year (47:31) Amjad on Agents (49:53) Building moats in a goldrush (54:53) Replit is Shopify for software creators (1:05:11) The most gangster story in Silicon Valley — Links: • Amjad essays - https://amasad.me/ • Replit - https://replit.com/ • Codeacademy - https://www.codecademy.com/ • Do What Makes The Best Story - https://amasad.me/story • Magic School AI - https://www.magicschool.ai/ • 11x AI - https://www.11x.ai/ • Synthesis Tutor - https://www.synthesis.com/tutor • The Sovereign Individual - https://tinyurl.com/4w6ns7b2 • 7 Powers - https://tinyurl.com/382ch557 — 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 — 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/ 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	This is the first AI agent thing that has been a mind-blowing moment for me,
0:05.0	where I am not a programmer, I am not a coder, but I can now create software.
0:10.0	Well, that's insane.
0:11.0	There are apps built on Replit agents that otherwise would take probably $100,000 of developer time.
0:19.0	And you can build it like in $25 paid to Replit.
0:22.6	It's pretty wild how fast these companies are scaling.
0:25.6	I don't think in the history of Silicon Valley we've seen anything like that,
0:28.6	even in the web 2.0 era.
0:30.6	So what is like a fast ramp for an AI company?
0:32.6	What's impressive that kind of broke the frame of how long things would take?
0:36.6	So I would say reaching 10 million in three or four months, ARR.
0:42.3	Oh my God.
0:43.3	Wow.
0:45.3	Can I ask a blunt, crude question?
0:47.3	How can I use your software to become a billionaire?
0:50.3	I would say building...
0:52.3	I feel like I can rule the world.
0:55.0	I know I could be what I want to.
0:58.0	I put my all in it like no days off.
1:00.0	On a road, let's travel, never looking back.
1:02.0	Okay, so how do we want to start this?
1:04.0	So, Amjad, you, you're awesome.
	...

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