The Underdog Story of Reddit

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 22 March 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 565: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) are dropping an emergency pod to break down Paul Graham’s essay about Reddit’s IPO yesterday. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Intro (1:59) If you want to learn, teach. (3:45) Show up – the ultimate high agency move (5:54) Trust your gut (7:47) How to get the best ideas (12:30) Don’t be precious about the name (13:33) How Reddit faked early traction (16:45) Talent filters (19:37) “The best products are you pushed out” (23:42) We read Chris Saccsa’s early emails (26:32) Reddit’s exits to Conde Nast, then buys it back (29:20) 19 years later and still not profitable — Links: • Y Combinator - https://www.ycombinator.com/ • Reddit - https://www.reddit.com/ • Paul Graham Essays - https://paulgraham.com/articles.html • Product Hunt - https://www.producthunt.com/ — 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 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 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. — Other 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	All right, this was not supposed to be a podcast. This was me calling Sam two minutes ago and being like,
0:05.6	dude, did you hear the stuff about Reddit? And he's like, no, no, no. He put the finger up to my lips.
0:10.6	Oh, shit. Push record shh! PUSH record.
0:14.0	And in fact, me and Sam, we should really never talk if we're not recording.
0:16.8	I think that's the new lesson.
0:18.4	By the way, I still have no idea what you're going to bring up. I feel like I can rude the world.
0:23.4	I know I could be what I want to.
0:25.6	I put my all in it like no days off on the road.
0:29.4	Okay, so let me give you the background.
0:31.5	Reddit goes public today.
0:33.0	Interesting, fine.
0:35.0	I don't really care.
0:35.7	I didn't participate in the stock or anything.
0:37.2	I wasn't really looking at the chart.
0:38.8	But I did read Paul Graham's essay about Reddit, and it's titled The Reddits. It's on the YC blog.
0:45.9	Paul Graham has known these guys for nearly 20 years now and so he wrote this post today that
0:51.6	had so many little bread crumbs that I thought there
0:55.7	were like as I was reading this every paragraph was firing off like a connection to
1:00.3	a different lesson learned like my my brain of frameworks was literally like lit up like a Christmas tree with some of the things he was saying and I just wanted to like say them out loud to you. I wanted to I'm imagining you I'm imagining you eating cereal as you're reading this and then you have like one bite
1:15.8	in like you you just this is my bowl my salad look it's half eaten because I was like
1:21.3	I got to put this down I got to record this and so
1:24.0	we didn't play in this but let's do it all right so I'm reading this essay and I
	...

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