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My First Million

The #1 Most Underrated Quality in an Entrepreneur

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 18 December 2024

⏱️ 66 minutes

🧾️ Download transcript

Summary

Get our Business Monetization Playbook: https://clickhubspot.com/monetization Episode 660: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about founders who have rage as an unfair advantage, Bill Ackman’s takedown of Harvard, and a ruthless PE rollup.  — Show Notes:  (0:00) Revenge businesses and other green flags (5:55) Chips on shoulders = chips in pockets (19:38) Bhutan's Gross National Happiness (34:48) Ruthless PE rollup: International schools (43:58) IDEA: $500M YouTube University (54:11) Bill Ackman Breaks down Harvard as a business — Links: • How To Lose Weight in 4 Easy Steps - https://tinyurl.com/2x67a7jc  • Nord Anglia Education - https://www.nordangliaeducation.com/  • Full Sail University - https://hello.fullsail.edu/ • University of Austin - https://www.uaustin.org/people/joe-lonsdale  • Veritas? - https://pershingsquarefoundation.org/wp-content/uploads/2024/10/Veritas.pdf  — 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

Click on a timestamp to play from that location

0:00.0

Josh Wolf has this phrase where he says, chips on shoulders equals chips in pockets.

0:04.6

Basically, when you meet an entrepreneur who's got an uncurable, unhealable, you know,

0:08.9

identity wound, that ends up being somebody who ends up doing really well.

0:13.4

I feel like I can rule the world.

0:15.8

I know I could be what I want to.

0:18.4

I put my all in it like no days off on the road.

0:21.7

Let's travel.

0:22.3

Let me fill you in on some things that I saw this week that I just want to get your

0:25.4

opinion on.

0:26.4

Sam Lesson.

0:27.0

So Sam Lesson, I think he was like an early Facebook employee and now he's an investor.

0:32.5

He says a lot of interesting stuff.

0:33.9

So he did this tweet where he talked about revenge businesses, people who have

0:39.9

started stuff because they want to get revenge. And an example of this is this guy named Parker

0:44.5

Conrad. Basically, he started this company called Xenafits, which was fast-growing company. It kicked

0:50.8

ass, whatever. He gets fired because it was like a broie culture. There was like people caught like having sex in like the stairwells. Like people doing drunk dumb shit. Like there was also like some compliance issues of like not everyone was like compliant. And so he got fired. And so we start this new company called Rippling, which has taken off like a rocket. And Sam lesson, I guess, invested in it. Same with Palmer Lucky. Guy got

1:12.1

fired from Facebook. He started Oculus. Now starts, what's called, Andrel? Yeah, anderil.

1:18.1

And so anyway, Sam Lesson has this really cool line. He says, if you have in your diligence

1:23.5

checklist, is this company a form of deep revenge? The answer is yes. Cut the check. And the reason

1:30.6

I'm bringing this up is because oftentimes you'll talk to someone and they'll say, hey, man,

1:35.0

you got a lot of hate in your heart. You got to let that out. You can't, you know, you can't hold

1:39.0

that in your heart. You can't live with that. I've taken the opposite approach for like the last

...

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