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The $100 MBA Show

MBA625 Must Read: How I Lost 170 Million Dollars: My Time as #30 at Facebook by Noah Kagan

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 16 May 2016

⏱️ 11 minutes

🧾️ Download transcript

Summary

Today on The $100MBA Show: It’s our weekly Must-Read Book review! This week’s entrepreneurial tome is How I Lost $170 Million: My Time as #30 on Facebook by Noah Kagan. Kagan is a friend of the $100MBA, and has even been a guest teacher on this podcast. Besides being an early (if ultimately fired) part of Facebook, he’s also founded several successful online businesses. His book is an open, honest account of his doomed journey through the halls of Facebook, what he learned there, and how failure makes us stronger than ever. Click play, and be inspired.

Transcript

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0:00.0

Heyo! Welcome to the $100 R&B show, the business podcast that breaks down business to its simplest

0:16.1

form with our daily 10 minute business lessons for the real world.

0:20.3

I'm your host, your coach, your teacher, Omar, and home.

0:24.0

I'm also the co-founder of the $100 MBA, a complete business training, and community online

0:29.8

over at 100 MBABA.net.

0:32.9

And today's lesson is a must read lesson.

0:35.9

In our must read lessons, I share with you a book that I've read

0:38.7

that has influenced me as an entrepreneur,

0:40.7

has impacted me in some way. I like to share with you my

0:43.8

takeaways from the book and why you should read it as well. Today's must read

0:48.1

is how I lost a hundred and seventy million dollars by Noah Kagan. The subtitle to this book is My Time as Number 30 at

0:56.8

Facebook. Some of you are very familiar with Noah Kagan's work. He is the founder

1:01.0

of AppSumo and Sumomie, which has featured as a sponsor here on the show,

1:06.0

and Noah has delivered a great guest teacher lesson here in the past.

1:09.8

Noah has become a friend of mine in the last few years.

1:12.4

I've learned a lot from him and I recently

1:14.6

picked up his book, How I Lost 170 Million dollars, and gave it a read. I gotta be honest,

1:19.5

when I picked up the book, I wasn't expecting to learn a whole lot. Now that Noah's not a good writer or a great

1:24.2

entrepreneur. Just that I know Noah so well. I've heard a lot of interviews with him. I've gotten

1:28.8

to know him over the years. And that's why I was so pleasantly surprised when I read the book how much I learned. And that's why I was so pleasantly surprised when I read the book how much I learned.

1:34.4

And that's why I wanted to cover as a must-read episode on the $100 MBA show.

1:38.0

This is a fantastic book to give you a glimpse of the early days of Facebook how it was to work there,

...

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