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Sam Parr

Sam is the founder & CEO of The Hustle and Hustle Co and co-host of My First Million podcast

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My First Million: #173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X" (59m)

Shaan (@ShaanVP) and Sam (@TheSamParr) dive deep into 75 Hard: what it is, who's behind it, and why it's so successful. From there they talk about a similar business: Beachbody. Beachbody does over $1B in sales, but the way they generate their profits will surprise you. The guys also brainstorm on "HackerNews for X" ideas and how to pull them off. Towards the end, Sam challenges Shaan on why he's running so many businesses and not focusing on just one.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (2:00) Talking pod growth

* (8:20) Shaan's funny story from college

* (13:12) "HackerNews for X"

* (30:12) What is 75 Hard?

* (35:30) How Beachbody became a $1B behemoth

* (52:04) Sam challenges Shaan on doing many businesses instead of focusing

  • Atlas idea - if we can get people to follow users and topics, use email. Use exclusivity to get people posting
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over 1 year ago

The cool thing about our pod is that I learn just as much you listeners: @ShaanVP taught me about something I've struggled with for years: building a management team that fits a crazy founders strengths/weaknesses. Its: EPAI. Entrepreneur, Producer, Administrator, Integrator

  • EPAI. Entrepreneur, Producer, Administrator, Integrator
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about 2 years ago

Yes 100%. This guy's review of my podcast just summarized a lot of what I believe. You can suck at so many things but still crush it if you're confident. Though - I don't get why this is a 2 star review. That's ok though. Thank you, listener! pic.twitter.com/bngz6j6n8W

Loved this - and believe it strongly too. Arrogance is overconfidence that negatively affects others, but it's possible (and should be encouraged) to be overconfident and self aware enough to not be a dick - people dismiss the latter because the two often go hand in hand.

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almost 2 years ago

I was just trapped in a snowstorm in a 2-bedroom apartment 72 hours with one of the most powerful venture capitalists in the world. This person (@andrewchen) is a partner at Andreessen Horowitz I asked them how to get rich through angel investing. Here's what they told me...

  • Now infamous tweet. Kind of lays bare that mimesis and hype play a huge role in venture - says the quiet part out loud.
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Angel Investing Sam Parr
over 1 year ago
over 1 year ago

Last week I interviewed @lamarstagg, a UX copywriter specializing in conversion and churn. I asked him and @theSamParr for their tip on how to write website copy that drives (and keeps) paying customers. Here's what they said:

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Copywriting Sam Parr
over 1 year ago
over 1 year ago

Here's a thread by @theSamParr, who I credit as someone I learned how to write from: twitter.com/theSamParr/sta…

over 1 year ago
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Dan Held on My First Million

Shaan (@ShaanVP) and Sam (@theSamParr) are joined in this episode by serial Bitcoin entrepreneur Dan Held (@DanHeld). They talk about the Genesis block of Bitcoin, who Satoshi Nakamoto might really be, and the controversy around Tether. They end the episode talking about business ideas in the Crypto space and how to make money in the creator economy.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (:47) Intro to Dan Held

* (3:01) How Dan got his first Bitcoin

* (4:17) Will the real Satoshi please stand up

* (9:31) Dan's Early Bitcoin days

* (15:00) Ideas for the Bitcoin & Crypto space

* (21:35) A new kind of private wealth manager

* (24:43) The controversy around Tether

* (31:28) Bitcoin security and multi-signature wallets

* (36:31) Growth hacks to build your audience

* (40:41) Monetizing in the creator economy

* (46:44) Laser eyes and memes

  • Theory of who is Satoshi - Hal Finney, Nick Szabo, NSA
  • Dan personally knows 10 billionaires
  • The Tether stable coin issue - seems less of a worry than previously thought (they’re agreeing to be audited) - only really addresses whether it could bring down Bitcoin or crypto, as a systemic risk, doesn’t say much about whether it could bring down Tether which would still be very bad for lots of people.
  • We should reach out to Dan - interested in growth marketing and creator economy, and flesh out his Atlas creator profile.
  • Lots of really good stuff about creators and consumers on Twitter
  • Start with quantity over quality then do quality later - platforms reward consistency.
  • Interesting - James Altucher has super successful newsletter biz
  • YouTube is probably funnest creator platform
  • Lazer eyes meme - no one knows who originated it
  • Memes are the internet native communication
  • Creator economy is multi trillion dollar opportunity
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My First Million: #197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective) (1h22m)

Sam (@TheSamParr) and Shaan (@ShaanVP) are joined by HubSpot co-founder and CTO Dharmesh Shah (@Dharmesh). Dharmesh shares his thought process behind buying the Hustle, how he thinks about time & money, and how HubSpot came to be. They close the episode talking about ideas around a better version of LinkedIn and the future of software.

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* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/

* Support the pod by spreading the word, become a referrer here: https://refer.fm/million

* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

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Show notes:

* (0:57) Intro

* (9:10) The inside scoop on why HubSpot bought The Hustle

* (14:00) What it's like to be a billionaire

* (18:54) A framework on the relationship between time & money

* (24:50) Rich guy questions

* (28:24) Dharmesh on the beginnings of HubSpot

* (37:10) Idea: A blockchain version of LinkedIn

* (45:35) Dharmesh on BitClout

* (50:22) Idea: NLP, the future of software

* (53:20) Growth Bot & website graders

* (59:25) Dharmesh on GPT-3

* (1:02:55) Idea: A community for remote work

* (1:04:41) Deal trophies

* (1:06:56) A framework to evaluate startup ideas

* (1:13:55) Constructive podcast criticism

* (1:18:36) Outro

  • Dharmesh’s situation is super interesting -building a huge company but has never had any direct reports, and has amassed probably >$1b equity value.
  • “The power of building a diagnostic tool for your industry is immense” - relative (vs absolute) scores work
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about 1 year ago
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How to Build a Unicorn Around the NCAA Reg Changes | My First Million

Sam (@TheSamParr) and Shaan (@ShaanVP) break down opportunities created by the NCAA regulation changes. One of those ideas Sam said was the best he's heard i...

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about 1 year ago
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Frameworks to Become a Billionaire with HubSpot Co-Founder Dharmesh Shah | My First Million #197

Sam (@TheSamParr) and Shaan (@ShaanVP) are joined by billionaire HubSpot co-founder and CTO Dharmesh Shah (@Dharmesh). Dharmesh shares his thought process be...

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How to launch a $100M DTC brand | My First Million

Justin Mares (@jwmares) joins Sam (@TheSamParr) and Shaan (@ShaanVP) on this episode. Justin breaks down his most popular blog post, the 4 types of side hust...

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about 1 year ago
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How a $25 Million a Year Sweepstakes Business Works | My First Million

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Sam (@TheSamParr) and Shaan (@ShaanVP) provide a sneak peak into their portfolio on this episode, breaking down recent investments they've both made. For eac...

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about 1 year ago
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4 Big Trends and $0 to $1 Billion Startup Idea Frameworks | My First Million

Shaan (@ShaanVP) and Sam (@TheSamParr) talk with seed VC Mike Maples (@m2jr). Mike is a co-founding Partner at Floodgate. He has been on the Forbes Midas Lis...

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Making Billions in Coworking & the Dark Side of Confidence | My First Million #190

WeWork isn’t the only game in coworking. In this episode, Shaan (@ShaanVP) and Sam (@theSamParr) break down the multi-billion dollar coworking industry and i...

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about 1 year ago
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Second-hand E-commerce, Door-to-door Sales, and Live Show Recaps | My First Million

Sam (@theSamParr) & Shaan (@ShaanVP) discuss second-hand e-commerce, door-to-door sales, and business poised to bounce back after COVID in this episode. They...

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about 1 year ago
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What It's Like to Be Rich

Sam (@theSamParr) & Shaan (@ShaanVP) do a little Q&A in this episode. They talk about their financial goals, their romantic relationships, and what they woul...

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How Vending Machines are Generating Millions & The Next Big Social App | My First Million #187

There are entrepreneurs quietly generating six figures working part-time in the vending machine business. Others have been able to scale to multi-million and...

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Billionaire Marc Lore on What He Would Build Today and Future of Ecommerce | My First Million

Shaan (@ShaanVP) and Sam (@TheSamParr) talk with billionaire Marc Lore. Marc is an entrepreneur who started The Pitt, Diapers.com, and Jet.com. Collectively ...

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