Oculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 25 October 2022

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 378: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with billionaire Palmer Luckey (@PalmerLuckey), founder of Oculus and Anduril, about what he's done with his money since selling Oculus to Facebook, his ideas for a new prison system and sewer food, as well as his take on national security and why he flies coach. ----- Links: * The Blog of Palmer Luckey * Anduril * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (07:05) - How much did you make from the Oculus sale? (13:55) - Palmer's journey from minimum wage to millionaire (18:55) - What did you do with your money when you sold Occulus? (26:30) - Palmer's crypto investment (29:15) - What are the online forums that people should be hanging out in? (37:45) - What ideas were you pursuing after you sold Oculus (prisons, food)? (54:40) - What does Anduril do? (01:15:15) - Jason Calacanis vs. Palmer (01:23:25) - Flying coach ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	I remember there were times where the thing I needed, it would cost like $50.
0:03.8	And it was just like, it was inconceivable that I could afford it.
0:06.6	Honestly, Oculus owes more to the iPhone than anything else.
0:10.9	I mean, if the iPhone wouldn't have existed, there wouldn't have been broken iPhones for me
0:14.8	to buy unlock, repair, and sell on eBay.
0:17.9	Like, if that had not happened, then Oculus probably wouldn't exist today.
0:32.7	What's up? We got Palmer Lucky on the podcast. Palmer is a billionaire. He created Oculus,
0:38.0	which he sold to Facebook. He's created Andrew Rill, which they make weapons for the government.
0:42.8	Super interesting guy. I'm going to call it right now. I think this is an all-timer episode.
0:47.0	You know, you guys know, I don't hype it up like that unless this legit.
0:50.0	This was an all-timer episode. Sam, what are some of the things that we talked about?
0:53.6	So early on, we asked him basically what he did with his money. So he made hundreds of millions of
0:58.0	dollars at the age of like 23 or something like that. And we said, where did you put your money?
1:02.4	And he was very clear on what he did with it. He talked about some of his early crypto
1:06.4	investments. So he bought crypto way, way early, like in 2010, I think he said. He talked about how he's
1:12.0	making minimum wage and then became a billionaire like four or five years after just making minimum
1:17.1	wage. What else? We talked about a couple of different things. Where he likes to hang out on the
1:21.0	internet. We're like, dude, how do you know about all this stuff? Where do you learn this stuff?
1:25.0	What are your subreddits? What are you listening to when reading? Because I need to start doing some of
1:29.2	that. And then yeah, he talked about basically like his World War three going to happen, right?
1:33.8	His company builds tech for the defense department of defense. And so his World War three
1:39.0	going to happen is there going to be a nuke. What is a tactical nuke? And then the best part
	...

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