The Company You Would Build If You Had the Time, the $5M Question, VR Therapy, and More

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 14 December 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) discuss the business model of touring and creating live shows, how Andrew Lloyd Webber became a billionaire, what they would do if they knew they would make $5M no matter what, EMF protected pants, and more. _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Would you like to participate in our clips contest? Earn up to $10k by remixing My First Million episodes. To learn more, go to mfmpod.com/clips. * Want to win an hour of time with Sam and Shaan? Tap here to enter the contest. * Want more insights like MFM? Check out Shaan's newsletter. * Click here to find out if you won $1,000 from the review giveaway: https://youtu.be/xsaO0H-0wg0 * If you won, please contact [email protected] _____ Show Notes: (00:20) - Sam threw up at a waterpark (02:55) - YouTube creators for kids (9:50) - The business model of touring (18:20) - Creating a Y Combinator of content (22:12) - The company you would build if you had the energy and the time (25:30) - Starting a company based on who you want to employ (31:15) - VR therapy (36:30) - What would you do with $5M per year? (41:30) - Sending gifts internationally to business partners (55:20) - The man pretending to be Satoshi

Transcript

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0:00.0	All right, QuickBag to tell you about another podcast that we're interested in right now.
0:04.4	Hover Spot just launched a Shark Tank rewatch podcast called Another Bite.
0:08.9	Every week, the host relived the latest and greatest pitches from Shark Tank, from Squatty
0:13.1	Potty to the Mench on a Bench, to Ring Doorbell, and they break down why these pitches were
0:18.6	winners and losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.
0:24.2	Basically, all the things you want to know about how to survive the tank and scale your
0:28.4	company on your own.
0:29.6	If you want to give it a listen, you can find another bite on whatever podcast I've
0:32.9	been listening to, like Apple or Spotify, or whatever you're using right now.
0:36.2	All right, back to the show.
0:37.4	100%.
0:38.4	I've been saying this for a long time, which is anybody who could figure out how to employ
0:41.9	the stay at home mom workforce is going to make billions of dollars.
0:59.6	You there?
1:00.6	I'm here.
1:01.6	Dude, this morning, my friend had a 40th birthday party, and he rented out an entire waterpark
1:08.4	this morning from like 7.30 a.m. to like 10 a.m.
1:13.0	And I went to do it.
1:14.0	Yeah, it was like me and Ramon and Neville, and then like, you know, David Perrell, he
1:18.1	was there, and a bunch of other guys are there.
1:20.9	And it was so fun.
1:21.9	We had this whole park to ourselves.
	...

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