Why "Desperation Induced Focus" Is the Key to Success, Plus Listener Questions

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.7 • 2.9K Ratings

🗓️ 23 February 2022

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) bring you the second edition of the Player Hater's Ball. They discuss the things they think don't work: bad business ideas, bad investing advice, bad life advice, and more. ----- * 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: (00:25) - Silent retreat in Portugal (04:10) - The raw meat experiment (14:30) - Desperation-Induced Focus (23:30) - Specialty License Plates (30:00) - Sam's pickup line to his wife (33:45) - Dharmesh's Wordle copycat and people who make things (44:35) - Start of listener questions: What do you hold in your portfolio? (47:30) - How to negotiate value of company you're selling (58:15) - How many Twitter notifications do you get per day? (01:08:05) - What would you invest in for the other person? ----- Links: * https://wordplay.com/firstword * https://rkg.blog/desperation-induced-focus.php * https://www.instagram.com/rawmeatexperiment/?hl=en ----- 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	All right, QuickBag to tell you about another podcast that we're interested in right now.
0:04.4	Hosepot 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 Mention a Bench, to Ring Doorbell, and they break down why these pitches were
0:18.6	winners or 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 that you
0:32.9	listen to, like Apple or Spotify, or whatever you're using right now.
0:36.2	All right, back to the show.
0:38.1	If you could only get done one thing this year, what would it be?
0:40.6	Don't waste your time with anything else.
0:41.9	Just take your best person, which is either you, the CEO, whoever, and make them responsible
0:46.4	for that problem and give them everything they need to do it.
1:00.5	Do you know where I am or no?
1:03.5	I have no idea where you are.
1:04.8	Oh, I'm in Portugal, dude.
1:06.0	I'm recording this on a microphone, like a blue Yeti mic, and just my iPhone.
1:11.7	Oh, okay.
1:12.7	That's pretty good.
1:13.7	It's sick, right?
1:15.6	What are you doing in Portugal?
	...

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