We found the top 1% of the internet this week (so you don't have to)

Date
Duration
56 min
alright sam why are we dressed so festive it's casual friday baby it's casual friday and the best stuff is always in the group chat and these are the things that i sent in the group chat that i wouldn't post publicly but decided you know what is casual friday it let's air them out alright can we do the first one the first one here it is okay this is a tweet from dylan dillon says at long last any app can be your alarm app apple has finally introduced alarm kit this is at the the apple announced with the app this week that lets any app have the same privileges as as the clock app this is long overdue dylan you are absolutely right dude i did not understand this is this a joke no this is real so basically you know like apple gives you certain permissions right if you're an app you can send push notifications you could use the camera you could use the gps but for a long time no app could become your alarm app it couldn't access the same features of an alarm app which is like now any app you don't just have to use the apple alarm app anybody could build it an app for alarm sounds don't understand yeah this does sound small so change my mind why is this important so think about it this way there's like two billion people with iphones and you know not every app can address all two billion people but an alarm clock can basically address like a billion or two people who actually have the need for an alarm clock so what happened was two weeks ago or you know a week ago as an app developer you that was not a category you could be in and now it's a category where you could be in where there's a billion active users that might want your app and there's been no creativity and no innovation so like the app store has been been out for you know the years now so a lot of stuff is solved right camera apps are pretty good map apps are pretty good with google maps and ways and you know ride sharing apps there's all kinds of apps and there's been tons of innovation but this has been basically artificially blocked wait really quick do you remember the the joke of peter t where you said you wanted to flying cars but you got a hundred and ninety characters like twitter wasn't even but forty one forty this is the even worse version of that you wanted find cars now you can make alarm apps you wanted ai instead you got a snooze button by the way i met the guy who wrote that line for i didn't beat it by i i i i found out who wrote that line for peter till if you you wait wait wait you met him okay you met you mistakenly said you met him versus you heard i met guy who was like that's the guy who wrote that that's peter's guy he he comes up with those and that was his job was basically follow peter around listen to what he's saying and then try to like transform his sentiment into something really punchy and that guy came up with that line which became the basis for like founders fun and like a rally cry that's cool well tom them a good job alright so check this out easy idea david go would you like a million dollars because david go today should pay some kid to make the alarm app that's basically the david go skinned alarm app like i wanna wake up with david go just saying wake up bitch there's miles to run and i just wanna hear that when i wake up and not like you know the default alarm sound for the for my phone are there when is this going live when when's this alarm kit thing so they did the developer preview that's what w w dc is they tell you what's possible and you could start building with it but it's not like available yet customers but usually i think it's just like a couple months it's like not not very long this is low hanging fruit my friend it's a good idea it's good idea yeah this fruit that might just be on the ground actually this might be rotting fruit i don't know i'm not entirely sure alright next let me go by the way we're totally stealing this gimmick from our boys at tb vpn shout out to don and geo part of the brotherhood but i gave them a shout later on one of my one of my photos or tweets is from them which yeah they basically had the the true innovation of the podcast industry of printing out the tweets and we decided that we too shell out print out tweets but i've been doing five tuesday for a lot longer than those guys i i think i'm okay alright this one comes from chris ba he says this is a is chris ba bang he says in twenty twenty two mckinsey paid fifty five million dollars was paid fifty five million dollars to advise warner brothers when they merged with discovery they charge them thirty seven million by advising them to change hbo to hbo max then to max then back to hbo max and in twenty twenty five they build them an additional sixty three million again to determine that warner brothers and discovery should be separate brands again did you see that mckinsey last week laid off of fifteen percent of their staff because of ai because now like ai could do half the job or what is that work yeah for sure this is this is absolutely insane what did you say you're allergic to lack of common sense this is ridiculous to this this is exactly the sort of lack of comments since i was talking about this tweet has seventy thousand likes by the way i don't know if you totally made up these numbers or if these are true but directional correct there were some good reactions to this greg greg tweeted don't be the problem be the solution that creates the problem that is my takeaway yeah it is pretty ridiculous and have you ever had friends that have worked at mckinsey yeah yeah my buddy rom romaine who i do a bunch of business stuff with he was a former mckinsey guy they're easy to make fun of because you're like what is a a twenty three year old know about business but like i have a friend that there and she had some pretty amazing like basically a pe firm in her case identified like a bunch of dairy farms that they wanted to like roll up and so they bought a bunch of them the pe firm did and then they hired mckinsey folks to come and figure out how to make it more efficient and so she literally would go to iowa every single week for about six months in devised interesting things like for example we're gonna change the bucket size that we like use that the workers use like like like have you seen land man yes yeah when like the lawyer shows up on the like on the oil field and she's like got her high heels like stuck in the mud basically that's what i'm imagining the mckinsey consultant showing up at the the cattle farm it it was kind of great it's like i learned about this whole this whole experience she had there is value that it is created from these consultants even though we like to make fun of them have you did ram remain actually work on anything interesting well they deserve to be made fun of because they're incredibly smart they get paid very well so you know that means you're a punching bag looks yeah so that's basically the criteria for like yeah that's free game right that's it's like what a nerd was in middle schools like the opposite traits right like the person you could give us swirly to in in and sort of junior high would be like somebody who sort of weak and powerless but would you grow up you can't make fun of the week of powerless you only make fun of the powerful and yeah so yeah romeo romeo was like basically he would tell me things that they would and i'm like that's really smart i was i was kinda hoping you guys were a bunch of idiots but actually that sounds pretty good but what i did come away with was they have huge brains but small balls is generally like the person who stays in consulting and that's like which by the way that's the definition of anxiety is when you're the definition of anxiety is when your brain is a lot bigger than your balls so that's probably why there's is a bunch of anxious consultants running around i like how you just i like how you're just saying something is the definition of is absolutely not the definition of if that's hilarious i'm gonna start doing that just well well you know the root word of that and then you just to make it not even the root word alright we got a couple more reactions our boy ty lopez comes in comes in hot off top ups a good gig you know it's you know it's a good scam when ty lopez is giving you giving you respect oh these are all replies to that original one okay i didn't even i did been following that yeah we're we're learning that that's insane and what about this one this is the consulting meme consulting if you're not a part of the solution there's really good money to be made in prolong the problem there's this thing that happens in sports and i've always wanted to be a part of business so you know and you have see how they have press conferences where they really talk shit about each other and i know felt like that's the best part you know i wish business people would do the same like i wish right now i've gone doors they're awesome you've been to the press conferences i've been one time i tried to sneak in when i ran the hustle like i try to like get i couldn't get credit i i was like let me if i can get credential to this and they didn't give it to me and so i showed up anyway if they kicked me out so i i went like they maybe walk to the back and like sit with the crowd and i and i watched it yeah it was great they didn't respect the hustle as a newsletter as a media brand dude the not the hustle is the worst name ever when you're trying to hustle someone like i was sure do know what i mean it was just like some random security guard and she i'm my name john scam yeah hoping for you tell me your coinbase master it was the worst like the lady like giggle at me and it was like a it was a laugh it was like it's so no i got kicked out it did not work but if anyone's listening who works with the u if you and i could get credential to go to a u and ask a question i would do that in a heartbeat and i would take it incredibly seriously i take arguably too seriously might ruined the event alright what what do you have next do the frank loop one oh okay this is good this is related this is actually related to what i was just talking about so frank lu who is the the man's van ceo he's the david go of the corporate world would you agree yeah i mean he's pretty baller he's he kinda says it like it is for people don't know he took over he's been a he a bunch of he's he ceo a bunch of companies but he took over at snowflake and he has all these famous memos that he wrote on linkedin and it was basically like don't be a bitch work hard like that's like how he summarizes everything yeah but it's a little bit different so he's got this book called to amp it up but if you really you could just read his blog post called to amp it up and get eighty percent of the idea it's not even just about working hard is like pick up the pace pick up that there's his his basic point is that in every organization there's an incredible amount of slack that's just built up it's an expectation of timelines of rigor of of effort of everything and then another one of those is common sense and like his approach is just to cut through all the bullshit and so he has this quote where he's like talking about the man in the you know that famous like man in the arena quote yeah i kinda i i kinda think that that quote is super lame now it's been hijacked by people i don't like i know cha off is what i'm saying yeah yeah we're was people a singular word alright here we so here's a frank lu says he says there's lots of people in this world who are not really in the arena they're either observers consultants or agents or vcs that just provide capital but there's are some people who in the arena they're very special people and then he says he talks about he was asked to speak at a business school where they always ask for his advice they he says you all have elite education you'll have many job offers paying you big bucks your parents at siblings will be incredibly proud of you but they're all consulting jobs for bain mckinsey and companies like that you're gonna have an easy path to pretty quick earnings but you'll never know whether you have what it takes to actually build something new in roosevelt words you will be those cold and timid souls who neither no victory nor defeat i had actually never read that part of the of the quote and i thought that part's way colder than the than the the rest of it you know what i mean imagine saying this to a room full of stanford kids it's like that's i wonder what that what do you think the reaction would have been like i think the reaction would have been like god he's so right after i finish up this first four year tenure at mackenzie then i'm totally gonna do that i think that's the real the true reactions like he's so right i'm not actually gonna a res send the demo actually withdraw the job offer i'm i'll i'll finish up i'm gonna make sure i get the for few few years and then i'm gonna go do that thing someday i've hung out with like my friend's children or you know people who are like in the applying to college age right now it's way different than when we were younger like when we were younger not going to college for a huge majority of people for anyone that's like a middle class on up it was like that wasn't even a question now it definitely seems like the smart people are saying i'm not what my i'm weighing my options i'm trying to look at all that's available have you noticed that no is that like and when you say that they're thinking about like trade school or dropping it out or everything's on the table yeah so for people are their parents entrepreneurs or are they the people people the peep the people who i know it's just like let's say cousins and nephews and things like that and they're mostly like well to do or at least like have a household income of two hundred thousand dollars and it's basically like this and these are smart kids so typically when we were younger sean the smart kids like always went to college now the smart kids are like i'm not sure you know i i've been in contact with this company about just going getting an internship right away right at nineteen years old other people who are less of the academic like they're they're not like the geniuses they are considering trade school and it's not nearly looked like if when i was younger if you said you're going to trade school it was like it was like is that like punishment for getting in trouble do you know what i mean oh you're dumb yeah now i think there is a there is one hundred percent a change in sentiment so that's and i wonder i wonder if like this whole mba are dumb that's a new feeling ish that's like peter t was the one who popularized that where he said for you he goes the valuation of your company take a million dollars off for every nba employee you have and so now that's popular and i wonder the nba people who are there now and who would hear something like this how they feel if they acknowledge it or if they don't right that peter too close like how that's like my parenting style i'm like one more word one more word and we're not going into the pool for two days three days and i just keep going and i'm just like you say one more thing if you lose a little bit more do you stick with it there's all kinds of re trade dude i'm i'm trump i'm trump in the china deal right now wait you let your kids trade positive to raise the tariffs and then there's a temporary pause for ex circumstances while we negotiate and then we have some really good interactions and then we start thinking and then they come back again and they do something you know they just throw their spaghetti on the floor and then we're back at a hundred twenty five percent terrible what age just punishment work because right now when they do something i say no it's just like they'd laugh at me they can start to understand like cause an effect or consequences somewhere between two and three years old i think you start to get it at a very basic level but you also have to time it so like if the kid is emotionally upset or is feeling something they're not gonna learn the lesson in the moment or the having to fit whereas like i think as adults were like well this is why they we're try to like explain the thing while they're like you know having their meltdown down it's like you have to have let the meltdown down happen and then if you wanna have a teaching moment it's like gotta come after which is probably true for adults too but it's like very obvious with kids because they're literally melting down gotta figure this out because yeah i've trying to like punish not punish be like no you can't do this right and i just get laughed at alright read the next one so this is one of yours so it's a david sen tweet and it says charlie mu told me flex charlie mu told me to read less schwab auto automatically i'm glad did because less says things like this quote success in life is being a good husband a good father and you end up being a second father to hundreds of other men and women last night i attended a wedding of a young man from our office and the young man told me that two man had influenced his life his father and me that's worth more than money so this guy at less schwab is amazing i haven't completed his book but i'm in the middle of reading it but let me tell you about those so go to the dumb question it's less so there's charles schwab no schwab okay he's he's he he was a hill billy in oregon basically he was like orphan at the age of like thirteen or fourteen was like a plumber and then started a tire shop at the age of thirty one or thirty two didn't know anything about tires but started a tiger shop eventually over the course of fifty years it grew into a multi billion dollar operation and he's famous for being really great at incentivizing employees and he's famous for being very good at managing and leading to the point where warren buffett charlie mu looked to stories for from him on how to properly lead and incentivize then go to the next slide look at what he looks like so he was a hill billy he was he was a he was like a from the streets type of guy i've been thinking about how i can describe these types of people because i love them and i think the best way to describe it is small town grit with big number swag something like that like these guys that you and i love who are these like blue collar so small town grit with big city swag no with like big number swag so it's like these big city swag right but what i mean is is that they're like these kind of hill who build these massive companies and so they can they may like for example one of our friends kevin van trump is one of them where you see this guy and he comes off or he's like hey what's going on i gonna write my newsletter like he like talks like this but like turns out he makes like twenty million dollars a year and like the people who read his newsletter he'll you know kevin's this a big guy from kansas city comes off like like a hill bill because he talks funny but his work is read by like world leaders and he makes twenty million dollars year and in the background of his video zoom call is like a picasso so like i love guys like this and this guy's one of them so les schwab started a tire company he died in his nineties but ran the company up until then drew to a multi billing dollar organization and i wanna go to the next one i wanna read he wrote the his own forward to the book and i highlighted my two favorite sentences from the forward read them alright so as sa just says this book is mainly written for the two thousand families have make their living selling less swab tires and for the thousands of families to follow in the next twenty thirty forty years alright so he says this what you highlighted i wrote this in november in december of nineteen eighty five i did write this a hundred percent with my forty year old type and then at the bottom okay i do think jan nolan my right hand gal la our word our word processing operator for helping me correct mis misspelled words and helping me with punctuation i didn't have a growth writer i wanted it in my own words and then it says basically in this i'm gonna pass on my theories of business to our people and he says should we fail to follow these policies towards customers and employees going forward i would prefer that my name be taken off the business and then it ends with you basically says if you're not interested in business this book will bore you and if i were you i wouldn't waste my time reading it how great is that how much of a simple am mi that is just here's you wanna win me here you go push me away it's all it takes oh oh you think i won't like this book watch me read every word it's called already buying a second copy trade a mean keep them keen yeah so easy to manipulate how how beautiful is this guy i so you read this book is it like i'm in the middle of reading it yeah so far seven out of ten fine and forget eight out of ten i'll remember the big idea but that's kind of it i didn't need three hundred pages nine out of ten really enjoyed it good book ten out of ten i'm giving this book out as a gift where is it at i'm only a quarter of the way through and it's between an eight and a nine yeah and eight and nine yeah quite it's the big idea so far he just treats people well and if you treat people well you get rewarded in return so it's it's it's it's a very simple thing which is you said there's a lack of common sense he's a very common sense rational person but often rational means cold and he is he is rational warm warm rational okay that's cool that's a good like as your start of your answer was kinda boring but the end of your answer was fired there that was good so it's sort of like his original quote which was i went to i i became a father to all these people and i go to their weddings and that makes me feel great that is a rational thing to say and and it is warm versus you know what a mckinsey consultants would say which is it's all just about these numbers of a spreadsheet that is also rational but is rational cole yes so do you honest question do you think that you're you kind of are doing that do you think that you have that kinda like i'm a a father lee influence our man influence on other men and is that something you think is true or take pride in or are you like yes i need to double down on that from this podcast because like remember when we were at this dinner or you were but was at of dinner and i told you about it like this guy came up you know at the end of the dinner and he's like hey sorry i wanted to say hi i saw you guys over here just wanna bother you but he's like because i always asked if said you know what do you really like about the like what is it you know what's stood out to you what's helped you and he was like he had basically mentioned he's like me and my girlfriend got pregnant we didn't plan on that but hearing you and sam talk about like kinda how fun it to have kids and build your business and they're not like either or like kinda nudge me towards deciding like you we should keep this we should do this and i remember being like whoa that's like a lot of responsibility a lot of weight on the words that i didn't really sort of think about do you feel like that yeah i do i i think it's hard to feel that way because if people knew how we record this we're just in our rooms like by ourselves talking to each other on a screen so it's hard like feel a presence but i think i view this podcast as well as my company i view it a little bit more as a a very tiny way to decide the life that i want to live with others and just make that reality in my small corner of the world i also think that like i thought about like we are not even remotely like this so it i don't even love saying it but like when lebron james or some famous athlete does something bad and they're like i didn't sign up to be a role model i think about that all the time where i'm like well i used to like tweet some something that was a little bit mean and i'm like i don't care if this influences me this is just me this is this is just my opinion and then now i'm like you know it holds a little bit of weight i wanna make sure that i i'm right about it and not hateful right right and you know the best thing that ever like the best thing about a podcast is that it feels like i'm just talking to you and we're just goof off here and there's only two of us but like you know let's say this episode on average these episodes get like you know three hundred thousand people listening to them i mean that's bigger than the biggest college football stadiums you know what i mean like if we if we were sitting in the in the fifty yard line and they were three stadiums stacked on top of it it'd be like almost three or four stadiums of people stacked on top of each other do you know differently we would do this like it would suck i would i would be so nervous in thinking about every word and the show it honestly suck if it was if if it felt that way and so i think one of the real blessings is that that's not the case you don't you don't know it you're blind to it we rarely record in real life and one time that we did there was a the studio manager was a woman who was really attractive and i noticed that one time one of us or maybe i forget who said something that made her laugh and i was like oh that felt nice i wanna i wanna make you laugh again and then and then she didn't laugh and i was like i didn't feel good started like performing really poorly i'm like i can't say the the presence of one person let alone three hundred thousand in real life that's crazy alright next and that next story i wanna show show you did you see this did you see this tweet no here here's what it says so this is from at restructuring is a good it's a good account by the way do follow this account no is this all about companies that have gone out of business no it's kinda like pe it's like a pe a type of account basically retrieve private equity type of stuff anyways we talked about this a while ago i believed didn't we so i i think we mentioned it but i didn't i didn't know the story so that the headline here is man steals a hundred and twenty two million dollars from facebook facebook and google simply by sending them random bills which they agreed to pay why is that a crime why is that a crime exactly this the tweet here is this remains my favorite path to wealth exploring exploiting the big company inefficiencies should not be illegal i agree it it all fair love and if you if i said you at invoice said you pay it am i at fault are you hold on what's going on here but there is a little more to the story so have you read about how this worked no well wasn't he like legitimately a vendor for them no no i think that was a little bit of a problem okay so here's the story so there's a fifty year old dude of the guy who's in cuffs here fully and he was impersonating a company so there was a company called quan computer that's a legit company that was a vendor for facebook and google he sets up a company also called quan computer but bases it out of latvia and so he just copies the same company name the same logo but it's incorporated in a different country and he starts making fake invoices contracts letters corporate stamps corporate seals and he's sending these to facebook and google for over two years and he got paid out a hundred and twenty two million dollars across the two companies so ninety eight million from facebook and twenty three million from google if they then find him in latvia extra eyed him and here's a great quote from the us attorney so the guy's name i guess it's rim rum sal so rum sal thought he could hide behind a computer screen in halfway across the world while he conducted his fraudulent scheme but he has learned the arms of the american justice system are long and he now faces time in a us prison dude how hard is this guy this us attorney this amazing by the way i think he still made out good he had to give back he had to forfeit forty nine million and he had to pay another i think twenty six million in restitution that doesn't add up to a hundred and twenty two million so he he might have still made a bunch of money what conversation do you have with your wife or you're like so what do you do what do you do guy you today kinda wanna get him on the pod gel pod a rare category of illegal but impressive no yeah yeah yeah yeah which like it's like the like the bernie made scheme not cool and impressive like you know what i'm wanna you like i wanna learn more about it right right and if you judge us for saying impressive in illegal like do you like oceans eleven is that those guys are right you're rooting for the guys who are robbing anyways alright here we go so what else we got oh i i have something here on chat gp have you seen this okay so chat product retention curves is a product manager's wet dream their one month retention has skyrocketed from less from less than sixty percent two years ago to an unprecedented ninety percent so youtube was best in class with eighty five percent six month retention is trending towards eighty percent and rapidly rising generational product okay so this little line chart here if for people who don't really recognize this imagine when you're at a hospital and they hook the patient up and you have the heart monitor and you see that heartbeat that line and it's gotta keep beeping for the patient to be good right and you have all these these monitors with these little lines well this is the equivalent of that for a company so what this is is a retention curve so the the line at the very bottom here would be like the oldest cohort so that's like people who signed up for chad two years ago and as you could see it starts at a hundred percent of people using it on day zero or in month zero but then even by month one it's at sixty percent by month two only fifty five percent are still using it and by the time you get to a year you know less than it looks like thirty percent of people are still using the product so that means more than two thirds of people just stopped using it after they tried it and that's the sign of a product that won't win as is because the bucket is too leaky you know you're getting too many customers in that are that are churning up they're not finding value in the product and what this curve or the or the other lines are are the next month the next month the next month and as they improve the product you can see that the drop offs are way less so now what he's saying is that basically the one month retention is now ninety percent people are finding so much value the first month that they use it that a month later ninety percent of them are still using it and so this is how this is like the key metric for most businesses is retention that's the thing that tells you if your business is gonna be around for a long time or if it's just a leaky bucket and seeing this with chad gp is pretty stunning and it kind of leads into my next tweet here which is that open is now at ten billion n arr so that's two x since the end of twenty twenty four so they basically doubled revenue from five billion to ten billion and it's been less than three years since it launch so in less than three years they've grown this product to ten billion dollars in recurring revenue which is just stunning and it highlighted to me one one very big takeaway from this which is that open is the facebook of this current generation maybe more twenty years ago it was google and amazon we're the big deal that was that was thirty years ago was like microsoft twenty years ago at google and amazon maybe fifteen years ago or so you know it was that was the facebook era and facebook was the thing that was like oh it's a billion dollar company a fit ten billion dollar company and now it's a trillion dollar company well the one right now is is open for the next decade it's gonna we're just gonna mean and you are probably gonna look at ourselves be like how were we doing this podcast how are we looking at these tweets these charts and just like why didn't we go buy open stock like how how dumb do we have to be like it was on sarah's list three years ago or something like that wait was it really did we talk about it then maybe not three but two for sure like i think i think the very first sarah's list that we probably had them on there like and it's like i was like what what kind of do is are that we don't own any of this stock come can you own it yeah he can buy it in secondary i i had a buddy of mine about two or three years ago he was at my house you know who this guy is and we were talking and he was like yeah have a job offer from neuro link and open ai and i was like wow those are both pretty promising what do and he was like what should i do and we just had a conversation about it and i didn't know anything i mean the at the time that was really hard like they're both like run by typhoon it i was really interesting they're about the hot startup and right he chose open ai and he has made so much money just in and chew like tens of millions of dollars in the in like two and a half or three years just from being like the one thousand employee something like that like like that's like it it it's just astounding at how big the this his job he he's not like these kinda like the rare ai phd type dudes right is he a pro he a programmer or is he a product person what what's this what's the role product person yeah product person i'm sorry any sorry pro sorry programmer he's a programmer oh okay massive difference yeah and i was gonna say if you're a product guy and you made tens of millions dollars opening i how is that even possible if you're just like you a random a person engineers okay i guess i can see you know you get a you get a a stock package that's worth two million dollars over four years but you got it when opening i was valued at sixty billion and now it's valued at four hundred billion right so it's it's up you know eight x or something like that and so your two million dollar stock package is turned out to actually be a sixteen million dollar stock package it's crazy that that's a normal thing that happens that's happened to like a thousand people right now or more in like in a you know like thirty mile radius of where i live this was sort of an un we kind of like glazed over this but basically harley from shopify i was on the pod and he at one point they were worth two hundred and fifty i think when we recorded with them there with a hundred and fifty billion dollars and it's basically like the hundredth largest company in the world right now which means it's like the whole like the hundredth largest company probably ever ever created it's like around the world like so if every business ever created it is the one hundredth most valuable which is a which is astounding right that's a that's an astounding number to think that open ai is a lesson it's a it's a decade old or something like that company and it is already like the fiftieth or twenty fifth largest company ever created isn't that astounding not even from a like a product or the technology but literally how do you organize that like the organize the people who are work there organize the investors just the organizational you know they say like just the idea of like you know you have heard any stories about china building like a a a fast railroad in like you know six months like it's it's it's it's sort of fascinating like that it's definitely the number one most valuable profit ever is it still really a nonprofit the i think said they're not gonna he also said they're not gonna make a profit until they hit what did he say he goes we can't make a profit until we get the ten billion in revenue or remember i think earlier about like just push me away their investor thing which is like listen we have to put a cap a hundred x cap on your returns because this is gonna get bananas so dude that pitch the balls it takes to have that as your pitch which is like instead of promising upside saying listen we're gonna need to cap your upside because it's gonna be so insane how much value we create so i just need to make sure you're okay with that i'm gonna start using that just i'm start using that form formula in my life skip to the this elon one yeah alright why don't you frame this one up alright so the breaking news president trump comments on elon musk's apology thought it was very nice that he said that trump says and elon musk has a tweet that says i regret some of the posts about president trump last week they went it too far it's insane this is insane you can't do that and apologize right there is you don't apologize like dude if i called you a a a pe or a rap in front of literally the entire world right i can't say i'm sorry there's you there's no sorry big enough you're saying dude would angus khan doesn't apologize like when you do like can you imagine the napoleon being and like hey that one it went a little far do you wanna like shake it out like oh you're saying conqueror can't apologize that's the take that was a such a crazy thing to do and say and he tweeted it out very casually where he said have a nice day donald trump do you wanna me like it was so it was it was such a a dagger you can't apologize for that the i i i don't see how you can come back from that and i don't see why you would even try right well i could see why you would try which is like you know you there's no winners at war basically is what what's gonna happen here with these guys fighting but and then look at the next one dude the the that next i knows i love him no hold on i'm open to rick rec reconciling with the elon after seeing as later suppose elon knows i love jd d knows this too that's just hilarious by the way i even know why that's in jd knows this too i give the best and biggest reconciliation everybody knows this that is incredible i don't even know if this is fake by this could totally be a fake truth post because there's nothing easier to fake than a truth social post because nobody has nobody i know has an account on there and so you you could just write anything and make tell me that he tweeted that and plus he's he might say he might he could totally have said this but dude how funny is this elon knows i love him jd knows this too what's that i don't know i think it's because jd d was on if theo von podcast talking about it i mean are they not talking day to day and then he goes i give the biggest best we should it's insane melania knows this it's insane man it's as crazy this is a reality show this is by the way we need to clip in you calling this on the podcast that they would break up you were like how long do you give this and it was like a couple months or something and i was like what i don't know they're both like pretty all in on each other it seems like it's gonna be really hard to it'd be really messy if they try to break this off and you're like rule number one from the forty eight laws of power right is that what you're quoting you're like never outs shine the master yeah and i also said they're gonna break up in june i said it's gonna only last until june wow like what a waste of an incredible prediction yeah i mean this like being the tallest image like it's not that interesting but like it was a very easy prediction this was i we knew it was gonna have they were gonna have a falling out and yeah i had you know a eight percent chance of guessing the month it was very predictable but i this was sort of one of those moments were like i remember where i was when it happened when i saw that when i saw that tweet we were my company had a meeting and everyone said oh my god it it it it it was pretty crazy how elon and trump fighting it brought down the stock market did you see that yeah it was absolutely ridiculous that my finances were impacted by this spat and i thought that that i thought it was kinda funny it was a it was a wild day the the memes that day were incredible i think i tweeted that out i was like listen this is a sad day for america but the content is outstanding right now let's talk self driving real quick so self driving cars are on fire in la they're the riders are beating up the self traffic cars not sure exactly why but i like this one from andrew ackerman knot at at the way in downtown dc so it would know i'm one of the good ones have you developed a relationship with your ai i mean i don't like to say that but yeah like my voice changed on my chat gp like the talking voice and i had like i was like i felt uncomfortable talking to because i had gotten close to the other one there are you i had a so i had to change it back and so he's joking but not really right i mean this is kind of like the sometimes i pray to god even though i don't believe but just in case there's definitely an element of that with ai well i'm like i'm gonna say please and thank you you know just in case just in case things get a little crazy have you taken away moe yeah they're amazing have you no they don't have them in in connecticut sound exactly like the best place to try it out but no i i i i think they're amazing everyone says they're amazing go to that one go to the the eric one i think this is like an inspirational one so check this out so i i met eric so eric eric's ceo of a company called ramp which like has grown to like a six billion dollar valuation in like four or five years and he was telling me about t p what what is what's it called tb vpn what what stanford for the tech roads podcast network the i don't know what that actually stands they tried to change it so it's stop bro technology brothers i think it's called like the business podcast i think they that's what they changed it but it'll always be technology brothers to me go on so it's this guy named jo and john k they're fantastic they have a new podcast it's more like a like a daily news show not even a podcast but like a video show it's not even a show it's basically bay do stuff but you don't even need to watch the show it's all clips for twitter so it's like twitter it's like short shorts and clips is what they what they make they're hilarious and i was at eric's office and i said what's this and it was a little booklet and apparently they had made like a twenty page book that they sent to potential sponsors people they're according to like you know be their sponsor and they wanted to get like a big check and i turned the page and on one of them the was this this piece of copy in the deck and it said our hope is that this partnership is the domino that bankrupt your competitors and grant to a monopoly so powerful that you are dragged in front of congress and i read that line and i was like that is the greatest opening line for a pitch deck that i've ever read it was fantastic yeah and i read that line and i was joking with eric i'm like this the greatest thing i've ever read and and he he it made him giggle so i guess he shared that and it's wonderful how good is that dude they're so fucking good i love those guys also i have a funny eric story i met eric when i was in college and we both got picked for this trip to go go to the alibaba headquarters so it it's like a free all expenses paid trip to china courtesy of jack m for fifty of the top college entrepreneurs and i was on this bus and eric was right next to me nice guy he's kind of a baby faced guy at the time i don't know if he still is you said you better him in person but yeah he's like he's like he doesn't come off like a ty tune like he comes off of very kind and warm yeah exactly and at the time i think he was literally in an ml i'm not a hundred percent sure but i'm pretty sure he was selling products that were part of a like a like an lab sort of ski or where he was i don't remember exactly like essential oils it was like a creams or something like that and i i i'm vaguely remembering this so i could tell you you're i'm sorry eric if i got some of the details wrong but i swear if it's not that it's in the zip code and i just remember thinking like i this guy's kind of cool he's a hustle a really nice guy i don't know what he's doing with these you know what whatever was creams or whatever he was doing at the time and then i've seen him build ramp and i'm like is that big dude from the bus in china it was trying to sell me creams and it just goes to show anything is possible dude when i talked to him it was him and his part it was like me david sen eric and then eric's partner all in a room and we were just r and then hanging out i was wanting to beat up with david because david's a buddy he goes hey i'm gonna be hanging out at ramps office if you just wanna come to see me it's right down the street from your office so i go to see him and i walk in it's and it's and it's these guys and it was so it's pretty cool and the partner of c cofounder of ramp kareem i think his name was he told me the story he was like yeah like we had this idea and our goal was to get to a billion dollar valuation in twelve months that was the goal and we did the math and we thought that was possible and that was fl acid i was like what i was like did you hit it it goes no man we didn't hit it took like eighteen months and and it was just really cool to be in a room of people who thought like craziness like that and it actually worked well you know what's crazy you know i think they were a massive underdog when they started so if you remember back when they were were early b was already out and early as well and b was the san francisco based company ramp new york b had the yc network in connection they went through yc and they were all the yc companies were kind of like you know yc is kinda like this network of fact this little mafia that they have that can kind of king make certain companies if you get enough momentum and i just remember i would have bet like the the odds bet the betting odds were that breaks given those advantages given that they're the essay have to tech tech focus on like really was is the new york startup could have beat the the silicon valley startup but it didn't really seem like that was usually the case and had ads everywhere brexit they were advertising everywhere they were a hot name they were nyc like they had a lot of things that would have made you think they would be the winner here and ramp has thoroughly kicked the shit out of bricks they're are worth way more and have done a much better job i use ramp it's a great got a great product so you know that is very impressive to me i think that that was that's not how i would have guessed that that would have played out one hundred percent i agree with you apparently the story is that they rate a company called par bus which is something like you get rebates online so you buy something and you can get like they help you find a deal and you get a little bit of money and the brand saves a little bit money something like that like you know seven hundred dollars you paid ninety bucks and they give a little bit of cash back whatever they sold the company after three years for forty or fifty million dollars and he was like it was nice like we like but we got a lot wrong and when we sold it we sold it to capital one and in capital one we learned about the demand for all these things and like the the demand for like a good bank account system demand for all these business services that people needed and we ran the math because we saw like how big capital one was and we thought that we could build a billion dollar company in the first year if we did one or two things right and it was amazing to hear that story that's pretty cool we should get eric on that'll would be what he should come on and and we work i'm i'm working i'm working with them on it they have this like huge like event they're basically what they're doing doesn't sound like it would work but it's working so they're like doing all those goodwill stuff sponsoring podcast podcasts they had this huge office that seats three hundred people and they just host events there like these things were like people are like oh but like what's the attribution to that and and it's like i don't know it but it somehow it still works right okay we gotta do one here this is oh no hold on my text is gone here but i have a new segment sam rich guy house alert what happened alright i saw this tweet about some event it was like a event i think for like san francisco like kind of like like set policy maybe and i was like oh cool whatever hundreds of people went to this like san francisco policy thing and then somebody goes but the tweet said overwhelmed but the standing room only crowd at gary tan house and i just sure i can gary house and i see this tweet this says this is gary tan house big ass house dude gary tan told that he lived in a neighborhood of the city of san francisco so we're gonna try to try not do him although he set he came in and he goes hell is my house and this is the house so have you seen this it is a old i remember that yeah across the street from dol park yeah exactly so so he lives at something here he owns this thing called the lighthouse house it's a townhouse house condo at a hundred year old restored church right across from dolores it's four best we've asked but it's got thirty foot ceilings it's crazy so look at this house dude wait he lives there or is that like an event space he owns it i don't know if he full time lives there i you know i don't wanna don't wanna comment on that but like how insane is this i've always by the way i always was dreamed to doing this buying an old church this old churches have like sometimes amazing locations and really like unique bones and structure i didn't know you could convert the the housing so this is kinda interesting here but dude how crazy is this house i remember when this was for sale in san francisco i it was i still live there and i remember being for sale and i remember there was another person living there not living there it was like a rich it was another rich guy who was using it for events and they put it for sale and i'm amazed that he bought this this looks awesome oh my god look at this bedroom dude i don't want on a steal cage i don't want yeah that's pretty sick yeah i don't i don't want that you know if i was like brock lesser or someone like really hardcore core like that looks cool like when do you want too much wwe eat you're like okay okay hell in to sell bedroom look like i'm about a tough guy i'm not brock lester really how hardcore is this bedroom dude this is amazing i love i he's got like the plush carpet right outside like a like a waiting room lobby before you entered the the the bed the bed zone alright do we wanna do anymore are we we out oh yeah two far i wanna show you guys my my oldest bookmark from the year two thousand and eighteen in preparation for this podcast sam like let me just go look at my twitter bookmarks and see what good tweets i have and you found this your first ever bookmark is this in twenty eighteen yep what this so it's a is this this group of kenyan men the sam bar man describe this like you know because there's people who listen to this only audio by the way if you've been listening to this on audio the whole time please get to youtube please go youtube and watch this because this is that this whole thing works if you see the tweets do you remember that movie with kevin bank at bacon where he went to got to play basketball and he found this like tribe of like really tall guys and they would jump up and they would wear like like very traditional what you would think of like an african tribes person wearing right they have their shirtless and they have like amazing beads and and whatever and they have the red hair just like the guy in the movie that's what this is it's a group of guys in kenya and the tweet says that these men are often considered to be the most stylish men on the planet and it's a photo of these guys and so look honestly agreed first of all the account is called at kenya pics is that an account you just follow yeah i love kenya because i've i like i like runners and so my goal has always been to go to the r valley which is this area of kenya and see kenyan runners i've i've always admired like running and particularly there's like this group imagine like a suburb and like something like ninety percent of the distance gold medals have been won by this group of like ten thousand people in korea this and that's always fa me and so i've always wanted to go and see these guys and this is like nearby in that tribe and so then and then it just says hashtag international men's so that was cool back when hashtags were or a thing and then there's also a picture of the guy jumping and he's guys easily five feet off the ground i don't know how this is is this fun this is incredible what is this no i don't i don't know what that is i don't think anything's i i i don't know that much about kenya yet but it looks dope to me should we wear this for next casual friday dude look how like yolk those guys are i get made fun up for like commenting on people's cab and like guy's bodies but like these heads are are just jacked right yeah yeah what about the theo von one let's say the last one because i actually think this is amazing a picture of theo vaughn smiling like how my son does when i we try to get him to take a picture he's with ivanka trump and who's at jared right yeah jared kushner and ava ivanka trump and he says y'all posture is so good what the hell are y'all are y'all in spine club or something i'm built like a damn raccoon thanks for the hospitality had a blast it's pretty amazing dude would you and i okay so when sean and i started this podcast sean started and then i joined a little bit later and i said do you like fighter in the kid and sean was like i love fighter in the kid and fire the kid is a not so much popular podcast anymore but it was two guys bread sc and brian call who would talk about ifc fighting and their friend theo von would occasionally come on the pod he was just a guy he was a he was a character on the pod and that slowly has developed into they had another pod together called king sting it and he rose further and further and further dude look at him now he's like he's talking to he the president the vice president he's hanging out with these guys how crazy of a career has theo had in the last decade it's amazing it's his rise is pretty great actually knew him from what he was on like road rules years ago like because i like real world road rules and the challenge or stuff like that and so yeah it's pretty wild to see kind of the the crazy growth but even more while this this is what i appreciate about this because this tweet it's funny but do you know how hard it is as a man to put up like a a kind of like a thank you post or con post but not be lame and theo did it you know what i mean like think about what this post is this post is basically like had such a good time at brunch but if you just posted that dude you know that's the lame thing that you could possibly do but to go with this y'all posture is show so good what the hell y'all of spine club or something just that's how it's done and so i'm studying the art of how how how men can express themselves while still being still being cruel about it you know what i mean dude he's the best he's one of the few podcasts that i listened to i listened to him and ti tim dillon have you ever listened to him and tim dylan i'm not a huge tim dillon guy but it's an acquired taste yeah yeah it's very much acquired chase it took me about two years to get into him he's it's pretty ra it's he's these guys are like my two favorite podcast right now it it's pretty amazing how good they are alright that's it that's the bob i feel like i could rule to word i know i could be what i want to put at all in and like a days off on a travel never looking back

Episode Notes

Episode 718: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about stuff that hit the group chat this week.

—

Show Notes:

(0:00) Apple Just Unlocked a $1B App Idea

(04:13) McKinsey got $55M for This?

(10:28) Frank Slootman’s Ice-Cold Advice

(16:20) “Treat people well, and you’ll win.”

(24:41)  Man steals $122 million from Facebook and Google, 

(28:17)  ChatGPT’s $10B ARR retention curve

(34:58) Elon v. Trump Meltdown

(39:54) Ramp’s Monopolist Pitch Deck

(46:22) Rich Guy House Alert: Gary Tan Edition

(48:55) Sam’s First Ever Bookmark




—

Links:

• Want Sam's top 7 books for entrepreneurs (& his reading strategy)? Get it here: https://clickhubspot.com/kmb

• Apple AlarmKit announcement (WWDC) - https://developer.apple.com/wwdc23/ 

• Waymo Self-Driving Cars - https://waymo.com/ 

• Ramp (Eric Glyman’s company) - https://ramp.com/• Brex - https://www.brex.com/ 

• Amp It Up - https://tinyurl.com/5ak4ckux 

• Les Schwab: Pride in Performance - https://tinyurl.com/5ch39nrv • TBPN - https://www.youtube.com/@thebrospodcastnetwork 


—

Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

—

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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano


Podcast Hosts

  • Sam Parr

    Sam Parr

    Hampton (joinhampton.com):
    My community for founders.
  • Shaan Puri

    Shaan Puri

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