How FTX Scaled A $30 Billion Company With Only 30 Engineers!

FTX, Party Planning, and Egg Carton Empires - June 21, 2022 (almost 3 years ago) • 01:01:30

This My First Million episode features a lively discussion between Shaan Puri, Sam Parr, and Jonathan Barshop, exploring unconventional business ideas and the surprising efficiency of smaller teams. They dissect the merits of a book on hosting parties, referencing personal experiences and the author's unique approach. The conversation then shifts to analyzing the success of FTX, a cryptocurrency exchange, and its remarkably lean operational structure.

  • Hosting the Perfect Party: Jonathan recounts his experience hosting a party using the methods outlined in Nick Gray's book, "The 2-Hour Cocktail Party." Key takeaways include using icebreakers, themed events, and a defined end time. Shaan expresses both admiration for the concept and skepticism about its book format.

  • Youtube as a Career Path: Shaan and Sam discuss the pros and cons of being a YouTuber, contrasting the demanding schedules of daily vloggers and gamers with the more sustainable approach of interview shows like Colin and Samir. They also explore the potential of YouTube Shorts as a growth strategy.

  • FTX's Lean Team: Shaan and Sam delve into FTX's impressive growth despite having a significantly smaller team than other tech giants. They discuss Sam Bankman-Fried's theory that many companies are over-hired, leading to decreased productivity and misaligned incentives.

  • Streamyard's Success Story: Sam highlights Streamyard, a live-streaming platform, as another example of a company achieving substantial revenue with a minimal team. He emphasizes their rapid growth during the pandemic and eventual acquisition by Hopin.

  • Unconventional Business Ideas: Shaan shares a few examples of unexpectedly successful businesses, including a website that removes TikTok watermarks and a multimillion-dollar egg carton company run by a Harvard Business School graduate. They marvel at the simplicity and profitability of these niche businesses.

Transcript:

Start TimeSpeakerText
Shaan Puri
I read something very interesting: that FTX, as a $30,000,000,000 company, only has like 200 employees or something like that. I believe for the first year, the product was built by just 2 engineers. Even now, they only have sub-20, sub-30 engineers. Is that true? And what the hell is going on? Is FTX... he's like, I can only think of one of two things: either FTX has a unique set of problems, so they can operate their business differently, or the rest of us are doing this completely wrong. Which is it? And he goes, "The latter." What up, birthday boy?
Sam Parr
Thank you! What's going on? How's it going? It's going okay. I ate a little bit of time.
Shaan Puri
I was gonna sing to you
Sam Parr
you facetimed me
Shaan Puri
I facetimed you earlier
Sam Parr
oh I'm sorry I didn't even get the notification I was I had personalized
Shaan Puri
But you did miss out on what would have been a good serenade. Actually, can I tell you a funny story about that?
Sam Parr
wait was your kids there
Shaan Puri
no it was just me and ben
Sam Parr
and we're oh man what a bummer I'd rather see your kids though I've got baby fever
Shaan Puri
Oh, nice! Yeah, well actually my son was there, but you know, before the age of like 2, they're kind of just like an inanimate object that you just carry around.
Sam Parr
I was working out, and when I work out, I put my phone on focus mode or whatever. So, I'm sorry, but thank you.
Shaan Puri
Swole mode! So, how old are you now? **33.** Okay, you're getting up there too. Alright, I like it! So, you're I think a year younger than me. I was at a birthday party like two weekends ago. I had to leave the house; it was crazy. We get there, and this guy did this thing that I saw, and I was like, "Oh, what an amazing little life hack!" He basically had... so it's like some kid's birthday party. They sing "Happy Birthday," it's time to blow out the candles and cut the cake. The guy grabs the mic and he's like, "Hold on, hold on! We got a special birthday song for you." This guy, apparently, because my wife knows him, she's like, "Oh my God, he's doing it! He always does this." It's like he has his own version of "Happy Birthday" that he sings, but it's not like a singing thing. It's more like... he's Indian, so it's kind of got like an Indian vibe to it. But let's just pretend it's sort of like when I say "Happy," you say "Birthday." "Happy!" And everyone else is like, "Birthday!" "Happy Birthday!" He's like...
Sam Parr
which are always I always
Shaan Puri
Love all those! Of course, it's like, you know, there's something in my body that just can't help but become like the "follow the leader" during that moment. He'll be like, "Who's the birthday boy? Sam, Sam, Sam!" right? And it's like, it'll make you feel good. Then I was like, "What a life hack to just be the life of the party!" It's to simply have a cool version of "Happy Birthday" that you can do. That's amazing! That's like having a joke that just always kills.
Sam Parr
So listen to this. I've got this friend named Jonathan. We'll get to the Sameer thing in a second, but I have this friend named Nick Ray. Sean, do you know who Nick Ray is?
Shaan Puri
I know of him. I don't think I've ever met him, but I've seen his website and you've told me about him. He looks like he's an entrepreneur, but he kind of looks a little bit slick. I don't know who he is.
Sam Parr
So, I call him "Grown-Up Dennis Jimenez" because he looks like a 40-year-old Dennis Jimenez. If you think of what Dennis Jimenez would look like when he's 40, that's him. He had a company in the aviation industry that he sold. Then he started this thing called "Museum Hack," which was like you pay $25 or something like that, and you get a private museum tour. He sold that as well. He loves hosting parties so much that I believe he used Scribe, like you did, and he wrote a book on how to host the perfect two-hour evening party. What this guy... yes, I'll try to find the title.
Shaan Puri
have you read it
Sam Parr
I have a new book that just came out like two days ago. He just sent me a copy. It's called... here, I'll find it. But it's like, "How to Host the Perfect Cocktail Party." This guy, whenever he hosts parties, he brings name tags. Every time you're with him, he has a name tag, a kite, a frisbee, and a blanket. I'm telling you, this guy is like a 12-year-old. That's why I call him "Grown-Up Dennis the Menace." He just thinks these are the best things to bring to a park party, and it just works. So he brings this to all of his parties, and it's hilarious.
Shaan Puri
I bring the rule book to the game *Red Rover*, and it's a great icebreaker. Playing *Red Rover* has been working since preschool.
Sam Parr
And he brings a harmonica. When he goes, he'll play the harmonica and say, "Alright everyone, come to the circle." He does these icebreakers; it's hilarious. So the book is called *The 2-Hour Cocktail Party*, and it's just a book on hosting a two-hour cocktail party. He's been working on it for like two years, so I gave him a shout-out. I'm only bringing this up because we were talking about hosting the perfect party and everything. It's hilarious, and it might actually become a brand around hosting. It's like, you know how Marie Kondo made putting your clothes away into a business? This guy might be doing the same for cocktail parties.
Shaan Puri
Oh wow, okay. So I have three instant reactions to this. **Number one:** What a great idea! When you first said it, I laughed, which to me already means this is kind of remarkable as a product. It was worth telling, so that's already a good thing. **Second thing:** It's actually a real problem. Nobody teaches you how to do things in life that are essential. If you can hone in on a piece of life skills, like the classic example of the book *The Game*, which is about how to approach a stranger that you're interested in, and how to get a date, we all laugh and say, "Oh man, that's so..." You know, people will start to see it as a sort of loser thing.
Sam Parr
right
Shaan Puri
in reality best selling book it was one of the best books I've ever read and like really
Sam Parr
fell to
Shaan Puri
a lot of people who literally don't know how to navigate this social situation that they get put in
Sam Parr
Yeah, I dude, I think it's awesome. By the way, look at the link I sent you. I sent the link in Riverside, and I didn't realize this, but look at the reviews. The reviews are all of our friends. So it's Nick Huber, it's Kat from BestSelf, it's Ben, the guy who I think he started... what's that group? On Deck?
Shaan Puri
sarah
Sam Parr
and then david your wife is she on there
Shaan Puri
it says sarah it might be her
Sam Parr
Yeah, it could be her. And then David Perell's on there. They're all like the... isn't that hilarious? They're all like the reviewers or whatever. I don't know. Yeah, I agree. It's a pretty, pretty funny niche to own.
Shaan Puri
So, my first thought is, "What a great idea!" I hope people know how to host a party. It's just like "Fun in a Box." It's like, "Look, you don't have to be creative. You don't have to have experience doing this. I will help you with the 3 or 4 things that will make you look awesome when you do this." I think that's kind of great. My second reaction is, "What a terrible idea." Why is this a book? Why isn't this a Twitter thread? If there's ever a thing that could be summed up as, "This book could have been an email," it's this one. I guarantee it. So, that's my second reaction to this. I love the idea of creating a brand and content on this topic, but a book? Wow, overkill! A book takes more than 2 hours to read. The book shouldn't be longer than the full party would be in this case.
Sam Parr
I kind of agree with you, but I think you have to remember that most people don't have charisma. Although I think I definitely have a little social anxiety, I think you do too. I don't like leaving my house that often, and I don't want to talk to strangers that often. But I can turn it on and be like, "Alright, fine, I'm in that mode." I think most people, like all of our nerdy friends, just stand around wondering, "What do I do with my hands?" They don't know where to hold their hands; they don't know anything.
Shaan Puri
That's amazing, actually! Dude, I still remember. I've been to a bunch of startup events. I was in this accelerator called the MassChallenge back in the day. It's a Boston-based startup accelerator. I don't even know how I ended up there. I've heard, I would say, at least 500 in-person talks from entrepreneurs. Okay, 500. If you wanted to know what's the most memorable one, it was this guy—this old school guy who came. He was probably in his late sixties. He did two things. The first one was he goes, "Alright, you guys are all entrepreneurs. Somebody stand up and pitch me your business. Tell me what your business does." Somebody would stand up and be like, "Hey, I'll go! I'll go!" It was like a bravery contest. A thousand hands would go up because as entrepreneurs, you gotta be the one who's courageous. So everybody raised their hand. He picked the first guy. "Sam, I hope you know I'm CEO of The Hustle. We're a media company for millennials who love to learn about business." He just said, "No, you're not!" Actually, I forgot the very first thing—the best part of the whole thing is he started the talk from the back of the room. He was like, "Heart attack!" and everybody's looking at the stage. All the chairs face one way, right? And he's like, "I'm back here! Entrepreneurship, you gotta adjust!" That was the first... it's like, you know, dodgeball when...
Sam Parr
he's like dodgeball
Shaan Puri
You wanna dodgeball, right? Not your wrench. So this guy was like that guy, and he's like, "I'm in the back of the room. What are you gonna do?" All of a sudden, you gotta adjust. Turn your seat around. Are you stuck to the ways that society works, or are you just gonna do what makes sense? That's how he started. Then he goes, "Pitch your business." If you just said, "I'm Sean, you know, we're the Milk Road. We're a web 3 focused newsletter," he would just cut you off. But he wouldn't tell you what you were doing wrong. In his process of elimination, everyone was just trying one thing. Finally, some guy said it right. He goes, "We're Smart Shade. You know when you're in a room and it's too bright through the window? We help you make sure that you have a shade on there that doesn't make your room look ugly." The guy was like, "Yes! That's exactly right. You explained the situation and you used the keyword 'help.' Your business exists to help someone do something, help someone get some outcome, some benefit." He said, "All of you guys think you're entrepreneurs, and you couldn't tell me who you're helping do what." Then we were all like reeling. Then he transitioned into putting up a diagram of a meeting room with a bunch of six-chair tables or like an eight-chair table. He goes, "Biggest meeting of your life. Where do you sit? Hey, Smart Shade guy, where do you sit?" I'm like, "I don't know. The chairs had numbers on them." And he's like, "No. You sit in chair 2. It's the corner of the table. So you're not the head of the table, but you're at the corner of the table. You have like, you know, sort of like 80% of the visibility as the head of the table, but you now have both angles. You're kind of at the wide angle where people can see you and talk to you." Then he showed another diagram of a round table. He asked, "If this is the door, where do you go sit?" Then he's like, "You have 5 minutes before your meeting is about to start. Not everybody's there. You have 10 minutes to talk to the number 2 person. What do you say?" He was giving these real-world social and business situations.
Sam Parr
like where did you say you around
Shaan Puri
I don't even remember that one. It was like, you know, you go to the other... you basically go like, I don't know, it's like you don't have your back to the door. You kind of have a side-facing thing to the door. You don't want to be directly facing the door because then you're like a little child sitting in your seat waiting for the teacher to come in. You know, you do that. And like in your small talk thing, he's like, "Do you talk about the weather and sports?" No, he's like, "You've done already 8 hours of research on this person. You already know A, B, C, D, E, and you are going to bring up this topic." So this guy was like so opinionated, it's so crazy. But I remember it because he was answering things that I felt like nobody had instructed me how to do. It was the "Where do I... what do I do with my hands while I talk?" problem, which is like I definitely run into these situations. I've received zero guidance in my life on what I'm supposed to do. If you have like the solution in a box, I'll take it.
Sam Parr
That's interesting. Well, Nick's gonna freaking love that because, you know, cocktail parties are such a niche thing. But he'll probably do well; he's pretty successful. Do we want to talk about Colin, Sameer, and Jonathan? So, Colin and Sameer, that episode went live.
Shaan Puri
on news channel like people probably
Sam Parr
don't even know
Shaan Puri
who jonathan is
Sam Parr
John, so we have Sean, me, and Ben typically. Jonathan, most of the time, is actually on air. I actually don't know, Jonathan, why you're on air. Like, why are you here? I know what you do as a job; you grow the podcast. But I don't know, like, why do you actually need to be sitting here? Why do you sit here?
Jonathan Barshop
This is fun, and this is the only time I can get face time with you all to talk about these types of things. It's like my only time I can actually carve out time on your calendar.
Sam Parr
our calendar we are the issue
Shaan Puri
Yeah, because, dude, he slacks us. He asks us to do stuff, and we just never respond. Like, yeah, it makes perfect sense. It's like, "Why did you open the sushi restaurant?" Because I knew you love sushi, and I just needed to get your approval on these three things. It's like, damn, we're that much of an asshole. Sorry, sorry, Jonathan. I apologize that we are not very responsive in general.
Sam Parr
And so you came on and you said, "Hey, talk about the Colin and Samir thing," because it was interesting. And Moe was the...
Jonathan Barshop
I think there's just like some good takeaways that we should probably implement
Sam Parr
into our youtube strategy
Jonathan Barshop
YouTube and the podcast as well. But first of all, I've hosted a Nick Ray party and it was awesome. Like you just described, Sean, there's so much nuance to hosting a good meeting. It's about where you sit and how the experience is for everyone else. You kind of do need a book to piece all that together. Chapter 1: here's the pre-party stuff and all that. But yeah, email templates and all that stuff are kind of necessary.
Shaan Puri
Wait, wait, wait. You said you hosted a Nick Ray party. What does that mean? Did you do his method or did you attend a party?
Sam Parr
dude he's like famous in austin
Jonathan Barshop
He did a beta launch for his book, and a few people, myself included, hosted one of the beta parties.
Shaan Puri
Wow, wow, whoa! That is... you're blowing my mind right now. Hold on, so... wow, holy shit!
Sam Parr
Dude, he's like famous in Austin. It's hilarious! By the way, we gotta give him a proper shout-out. So, it's Nick Gray (G-R-A-Y). I believe his website is **nickgray.net**. If you want to go and learn more, go ahead!
Shaan Puri
So, you were like a pilot for this thing. First of all, how much of a freaking early adopter are you that you know about a book that's not even written yet? You were like, "I'll be one of your test cases to test your party thing." Okay, wait. Well, give us the rundown. Give me like one or two of the golden nuggets that you wouldn't otherwise have done at a party that Nick kind of helped you try out.
Jonathan Barshop
Yeah, well, so Nick... everyone just kind of knows Nick and Austin if you're running in the same circles. I went to another guy who hosted a Nick Gray party, and I was like, "This is awesome!" I knew the guy, so I said, "Let's co-host the next one." We had it at my house; I have a backyard and everything. So the takeaways were... I went...
Shaan Puri
I bought a house
Sam Parr
I got ready for the tour
Jonathan Barshop
Yeah, we got pizza, and it just reminded me of kind of like a prom party to begin with. But the pieces that were kind of crucial are the icebreakers. You start the night with everyone getting their drinks and getting comfortable. Then, you blow the harmonica or whatever, or you strap on the banjo and get everyone's attention. You say, "Hey, we're doing icebreakers. Say your name," and then the fun fact would be, "What was the first thing you did for money?" This kind of gets people to open up a little bit deeper, and that can lead into the next conversation and so on and so forth. There are like 2 or 3 of those throughout the night. Then, you know, it's just like the email before, the email after, and how you nurture those people, I guess, and actually connect them. All the little things like that. I feel like there are a bunch of little hacks... like...
Shaan Puri
emailing is part of this template I didn't even
Sam Parr
I didn't even think about
Shaan Puri
an email as part of the experience
Sam Parr
Dude, he's got a whole thing about it. The funny thing about Nick is that he's very flamboyant; he's gregarious and loud. A lot of people think that he's gay, but he gets more girls than anyone I've ever met. It's mostly because of this party stuff. He dates so many... well, I won't say that. I'll just say that women love this guy, and it's partially because of that.
Shaan Puri
It's called "Straight Up Gay." How do you make a straight man married and use being gay to your advantage? That's his next social hack that he's got.
Sam Parr
he kills it like when you he kills it this guy is very interesting
Shaan Puri
that
Jonathan Barshop
That's another huge thing about this. When you become the connector, when you're hosting these parties, like once a month or once a quarter, that's really valuable. When you're able to be that person, they're like, "Oh, I'm going to reach out to Jonathan because he knows X, Y, and Z," or whatever. So that's kind of what you did in San Francisco, I feel like, with the hustle meetups, right?
Sam Parr
and it is a hack it totally works
Shaan Puri
and sean
Sam Parr
Did the same thing because we hosted all of our events at his house, like at his office. So he was, by proxy, the man.
Shaan Puri
Dude, so I know we probably have other things to talk about, but I'm so mind-blown by this and I just have so much more that I need to know. Okay, so give me something that you wouldn't expect, right? Like, let's say maybe... I don't know. Okay, like email kind of counts. The harmonic is a great example of this. It's like having a little instrument that will help get people's attention and, you know, just kind of lightens the mood a little bit by just hearing this great sound. Give me another one that you wouldn't expect.
Sam Parr
Let me give you one example: Jonathan hosted a party one time called a "Petting Zoo Party." He hired a mobile petting zoo for about $400, or I don't even know what it was, but it wasn't a big deal. It was the most fun I've had at a party! I just sat around and petted rabbits and guinea pigs, and it was awesome. So, he does themes like that. Then he'll have a dinosaur theme where you wear dinosaur-themed clothing, which I don't know what that means. What else, Jonathan? What else does he do?
Jonathan Barshop
Again, I've only been to like one or two, but if it's not that, you really don't need to put a theme around it. If you're just doing something super simple, like I did, but you want to make it a little more memorable, like, yeah, I feel like he's done... he just did a paddle board thing where everyone went out to Austin and were on their paddle boards and did a whole thing there.
Shaan Puri
and he
Sam Parr
had a thing where he gave numbers I don't
Shaan Puri
know what
Jonathan Barshop
I'm liking
Sam Parr
He gave a whiteboard to three different people and said, "We're having a diving contest. The best person goes for the best cannonball off of their paddleboard." He goes on to say, "The contestants are..." and he had already planned it out. He said, "You guys get up front and do your cannonball, and we're all going to have these three judges give you a review." The second or third thing he does is have a very specific end time for the party. He says, "Come on over, the party's going to end at 8 o'clock." At 8 o'clock, he goes, "Alright everyone, thank you for coming. The party's over. You don't have to go home, but you have to get out of here." He's like, "Parties need an end; otherwise, they drag on for too long and people don't want to go anymore." So, he always has an ending to his party, which is actually pretty great because I think, "I don't have to sneak out; it's going to end at a very particular time."
Shaan Puri
So, two-hour cocktail butter... Dude, we okay? I don't know if we're Oprah, but I feel like we just sold the shit out of this book. This guy is going to get a lot of sales from this plug because this was incredible. Honestly, I'm genuinely interested in this topic. I had heard something once: Charity: Water is kind of known for their events, and they raise a ton of money for charity. Most charity events are kind of the same old stale dinner gala. You sort of go, and it's a drag. In Charity: Water's events, you feel like you're at some Hollywood party, basically. It's not because they spend more money; it's that they're just more creative with the way they create memorable experiences. Every year, they top themselves, which is an impossible standard. It's like last year, the Super Bowl halftime show was this; this year, it's got to be even bigger. That's how they treat their annual events. They raised, like, I don't know, $75 million in a night doing that, and that funds clean water for a lot of people. I remember asking Scott, "So, what's the secret sauce? How do you think about these events? Everybody always raves about these. I've never been to one. What is the secret sauce?" He goes, "Oh, that's my wife Victoria. That's her thing." He said she has this phrase: "It's about the moments in between the moments." It's the moments between the moments that matter. So, everybody thinks of when they plan their event, "Okay, for dinner, we're going to do this, and then for the dancing, we're going to do this." But they don't think about the 20 minutes...
Shaan Puri
Right before dinner, when it's like getting set up or served, and during the 5-minute walk between this place and that place, if you do something there, people feel like, "Wow, I'm having a 10 out of 10 experience," because they thought of everything. For example, with Charity: Water, they really considered the walk between the cocktail hour and the dinner. They could have just had you traverse through a hallway, but they thought, "What can we do in the hallway that will send a message?" They basically created a visual light show featuring a real woman in Africa. As you start walking, you see her carrying 60-pound gallons of water. Then, 15 steps in, there's one sitting on the ground that you could pick up and try carrying. By the end of it, you think, "Damn, that was heavy and hard, and I only walked 54 steps." She does that for 3 hours a day just to get clean water for her family. By the end of that experience, you're likely to donate, right? They just used the hallway to convey this powerful message. [Note: I made up this exact example because I didn't go to the event, but it's illustrative of the point.]
Sam Parr
is a really good example like that was great
Shaan Puri
Yeah, I had to put the disclaimer because I was like, "Damn, I just made up a really vivid lie about what they did at their event." Scott's big on integrity, so let me be clear: that's not exactly what happened. That's what I kind of remember from him telling me while we were drunk six years ago and he was telling me what he did. So, yeah, but "the moments between the moments" is just a good phrase to remember when you're going to host an event. I might write my own book. **Fuck you, Nick Gray!**
Sam Parr
Alright, let's talk about Colin and Samir. So, these guys came on. They're like these YouTubers. I don't exactly know how you would describe them, but they're popular on YouTube and people seem to like it in the comments. You know, my takeaway was, Sean, do you think being a YouTuber is a good life or not? I can't decide, actually.
Shaan Puri
I think it's a good life the way they did it. So, the daily vlogger style, I think, is a tough one. The gaming streamer who is going to sit in their chair and play video games for 7 hours a day, every day, is not a good model. Nor is the Mr. Beast approach, where I have to up my pranks or my stunts. I have to come up with a new miracle every month or I lose relevance. That, to me, is stressful. To be fair, that's like 75% of YouTube success. It's like daily vlogging, stunts, and pranks, or gaming. So, you know, if you're not that, good for you. Colin and Samir, for example, are not in that category. They're an interview show that's paced out well. They do, you know, like whatever, 1 or 2 a week or something like that. It's not as treadmill-like as other content types.
Sam Parr
What I'm learning about through them is what we need to do and what more people should do. That woman, Rebecca—I keep calling her that—texted us. She was like, "Our friend Rebecca, sorry, Rebecca." She told us that this guy she worked with (I won't say the name) went from 0 to 8,000,000 subscribers in 8 months. Or was it like 3,000,008? I forget the number, but I think it was 8,000,000. The number in how many months? 12 months.
Shaan Puri
like a year a year yeah
Sam Parr
And all from shorts? Is that crazy? All from, yeah, frick... freaking YouTube Shorts. I never watch YouTube Shorts.
Shaan Puri
Yeah, I do. I actually watch YouTube Shorts. But the thing is, once I worked inside a tech company, I was like, "Oh, I get it." For YouTube, the biggest threat to my company is TikTok. Every day, you know, at every quarterly off-site, we're hearing about the latest TikTok numbers. "Wow, their growth is crazy! Wow, they're blowing us away! Wow, the stars are going there!" TikTok is like your main priority if you're one of these big social media companies right now. Beyond your core business, if you're thinking about growth, you're thinking about TikTok. So, you release a competitive product, Shorts, and you announce it to the world. You put your best people on it, and you can't let that feature fail right away. You have to pump the engagement. How do you do that? You're like, "Alright, engagement was a 10 out of 100. Okay, if we put it at the top every time you open the app, it jumps to a 40." Now, we're also going to add a little Shorts banner every three scrolls. Oh, also, we're going to change our recommendation engine to just recommend a Short after a long video. So, you're going to try to game the system to give yourself the best shot at that feature becoming successful. At least in the short term, if you're a creator, you say, "Oh, their priority is pushing stories and then reels. Then I'm going to make great reels and stories because that's what they're pushing right now. That's what the algorithm wants." They're going to favor that in the UI and the algorithm, and so I'm going to get faster growth because I'm sort of piggybacking off of their priorities.
Sam Parr
And I think that's actually a really good strategy for, like, if you and I or My First Million wanted to get popular on YouTube. It's just like exploit the ego of the social media platform. Like, it totally works. Just give them exactly what they want. Not always, but sometimes they'll give you exactly what you want, which is, you know, more followers.
Shaan Puri
But are we going to do it? Maybe it's clearly a good idea that we may or may not execute on. Just by the hilarious, hilarious thing that I saw. There was a page that's like, you know, there are meme pages on Instagram that get a bunch of followers. So, it's like I had "Friday Beers," I think is the one it was. It's like "Friday Beers."
Sam Parr
I follow so many of them
Shaan Puri
Yeah, they're great! They're very humorous and can post great memes. So, they did a collaboration with something called... it was the word "entrepreneur," but it was spelled in a really wacky way. You know, the word "entrepreneur" is kind of a wack word in general, so it was like "antraney poor." That was the name of the account or something like that. I clicked on it, and the bio cracked me up so hard. It was like, "Cultivating that trillionaire mindset, that multitrillionaire mindset." Then the next line was, "Mindset is grindset. #grindset." I just thought it was so funny! So, I have decided that on this podcast, our new intro is going to be about cultivating that multitrillionaire mindset, #grindset. I'm going to start every single podcast by saying that. Somebody who doesn't know what I'm talking about is going to be so turned off, but the people who listen to this podcast are going to know that that is the funniest thing ever because it is!
Sam Parr
that's amazing what what were you saying jonathan
Jonathan Barshop
I love that feed. They always say, "Read that again." They'll do the post and then all the copy, and then it's like, "Read that."
Sam Parr
again yeah
Shaan Puri
Alright guys, that's the show. Listen to that again. Go back. Yeah, you know what you gotta do now? Rewind for the second time. Double time! Get that triple trillionaire mindset. Hashtag grindset! Go back and listen again. What was that? Double the download price. Double!
Sam Parr
what what was that phrase
Jonathan Barshop
their latest post says
Shaan Puri
read that again
Jonathan Barshop
Their latest post says, "You keep your money in the bank; I keep my fish in the tank." Think about it.
Shaan Puri
yeah I think you're
Jonathan Barshop
a keanu reeves
Shaan Puri
Like, you know, we named this "My First Million." The reason we get flack for that and the reason we give ourselves grief for it is because "My First Million" is in the middle. It's like neither... it's not trying to be humble and thoughtful about life. It's like, no, you want to make a million dollars. But it's only a million when you say, "We're all about that trillionaire lifestyle." All of a sudden, it's like, "Hey, we are not trying to be that guy who's trying to sell you a dream of making a billion dollars." So, I think I realized the mistake in the name. The name should not have been "million." The whole brand should have been about... it should.
Sam Parr
have been my first trillion mindset it should have been my first trillion
Hubspot
We're a community. We're a community of future multi-trillionaires who gather around to trade stories. Our software is the worst. Have you heard of HubSpot? See, most CRMs are a cobbled-together mess, but HubSpot is easy to adopt and actually looks gorgeous. I think I love our new CRM. Our software is the best. HubSpot: Grow better.
Sam Parr
Where do you want to go from here? Did you have anything in mind? Do you have any topics? I've got one or two. Do you have any?
Shaan Puri
I have a couple
Sam Parr
what do you have
Shaan Puri
I have a couple of good ones. Okay, so what do you want to do? I'll give you three options: 1. A really interesting thing I heard that I want to get your opinion on—like a thing about how a big, famous company runs their business that I thought was kind of mind-blowing. 2. An idea that I don't really even understand; I don't know what the hell they're doing, but maybe it's cool. 3. A random business idea. Which one would you like to go through?
Sam Parr
number 1
Shaan Puri
Number one, okay, so the interesting thing is that the Milk Road, our main sponsor right now, is FTX. I don't know if you've... do you know what FTX is?
Sam Parr
Dude, in my topics, I have a thing about how they run their company and how it's weird. Go ahead. Yeah, okay.
Shaan Puri
so ftx probably the same thing then is it about how many employees they have and how many engineers they have
Sam Parr
yes look at the doc I have the exact same topic go ahead
Shaan Puri
Okay, so recently, as part of the sponsorship, we were like, "Okay, we tell people, you know, hey, FTX is a great trading platform, blah blah blah." In addition, we were like, "Hey, we want to do a deep dive on you guys." I was clear that they don't get to tell us what to write about. I'm going to talk to your head of strategy, I'm going to talk to whoever, and whatever is the most interesting thing to me, that's what we're going to do the deep dive on. So, I ended up focusing on the seven growth hack strategies that they used to grow. They went from 0 to a $30 billion company in just three years, and I thought that was kind of amazing. I wrote the whole thing, obviously, and then I discovered something even more amazing: they built the whole company with just two engineers for the first year. Even now, to this day, they have around 25 to 30 software engineers.
Sam Parr
and they're amazing and I and I think they only have 250 people
Shaan Puri
Yeah, exactly. So, he did this. He went, this guy Sam Baker-Fried, he did this talk at the Sohn Conference. And so, Sohn, I don't know if people know, it's spelled S-O-H-N. It's like this big, kind of economic annual conference or whatever. And what happens is the big shots...
Sam Parr
Sam Bankman-Fried is the 29-year-old, like, $20 or $30 billion guy. He was a deca-billionaire before the crash. He started this Coinbase competitor called FTX after he got rich in Bitcoin. Yeah, it's... yeah.
Shaan Puri
It's a platform for people to trade crypto, stocks, and other things. Basically, he talks there, and if you've ever watched these, I don't know if you have, but other Stone Conference talks are very interesting to go back and look at. It's like a TED Talk, but just for investors, for finance and Wall Street people. For example, Bill Ackman will go on there, and you can look at his old videos. By the way, if you go watch these, here's my journey: I'm like, "Bill Ackman, man, this guy's really smart." Our buddy Andrew Wilkinson loves Bill Ackman; he says he's the best. So, I go back and I look for old YouTube videos of Bill Ackman. I see his own conference talk from, I don't know, about 10 years ago. He goes on and talks about the name of the company; it's like the Howard Hughes Company. It's like a home builder.
Sam Parr
tool like toolkit or something yeah I know you're talking about
Shaan Puri
No, no. I think it's called the Howard Hughes Company. It's basically like whatever that famous guy, Howard Hughes, or whatever, and he's got this company that builds homes. He'll give a talk, and what you do is you go give a talk about a thesis that you are really bullish on. Basically, it's like a big bet you're making or you've already made. You pitch your case for that bet. This kind of has twofold effects: 1. If you're in the audience, you get ideas on investments. You know why this person is so bullish on this thing. It's interesting to hear their case. 2. It's only the "who's who" that talk. It's like the top, top guys that go and speak at this event. The third thing is that for the speaker, they get to build their brand, but they also get to pump their bag. So, like, they've already made this bet, then they go talk here, they get a bunch of attention, and a bunch of other people are going to invest in it. This may cause the price to go up, which is a good thing for them. They're helping propagate the narrative that supports their case. So, anyway, you go hear them talk, and by the end of the 40 minutes, you're like, "There's never been a better investment on earth than the Howard Hughes Company," right? You're so convinced because these guys are very convincing and they have a great track record. Now, if you actually go look at the results, I remember Chamath went and spoke. He talked about how Box.com is like, "Of all the tech companies, we have identified one winner that is going to benefit the most from this cloud movement and AI/ML, and it's Box." You go look at the stock chart for Box since that day, and it's like down into the right. You know what I mean? It has not done well, but they put together very convincing cases. Of course, occasionally they're correct. So, anyways, at this year's event, there was a really interesting talk where Sam Bankman-Fried talked to, I think, Patrick or John Collison. Patrick Collison is one of the brothers who started Stripe. The redhead or something, whatever. I think they're... are they not Patrick?
Sam Parr
no patrick he's a ceo
Shaan Puri
They both actually did interviews. One interviewed Stanley Druckenmiller—awesome interview, go watch that! The other one I interviewed. First of all, the one thing that stood out is kind of like when you watch these guys do an interview. It's basically like, what if you had a world-class brain become a podcaster? I'm talking world-class. These guys are some of the smartest, most well-read, best executors, and most well-connected people on the planet. They see everything they do. They were millionaires at, like, I don't know, 7. They built cool stuff at 17 that they sold for a million dollars or whatever. Now, they built like a $100 billion company. They're the best of the best; they're the best Y Combinator (YC) founders, and YC is the best group of founders, right? So, they're amazing. You hear them give interviews, you hear their talks, and how they frame questions. That alone is worth the price of admission just to see that. But then they ask questions. For example, one of them asked a question to Sam Bankman-Fried. He goes, "I read something very interesting: that FTX, as a $30 billion company, only has like 200 employees or something like that. I believe for the first year, the product was built by just 2 engineers, and even now you only have sub-20, sub-30 engineers. Is that true? And what the hell is going on? Is FTX...?" He’s like, "I can only think of one of two things: either FTX has a unique set of problems so you can operate your business differently, or the rest of us are doing this completely wrong. Which is it?" And he goes, "The latter."
Sam Parr
that's a really good way to frame a question
Shaan Puri
exactly and so he goes he goes I I he laughed he's like I think it's the latter and he goes you know we he's like I I the more I looked at tech companies I looked at facebook Google you know successful tech companies I I think I don't know for sure I can't say like you know I don't know their exact business but from what I can gather they they employ an order of magnitude more people than they need to you and then he's like how many he's like how many people do you think facebook would have optimally and he's like you know he's like he's like I don't know if let's say they have 50,000 employees you know that's somewhere between you know like 5 to 30 times too many and like and so anyway it's kind of shocking to hear this and it's something I liked it because I've believed this for a long time which is that you like most tech companies are completely overhired I've told this story before which is that when I interviewed at twitch for our acquisition they did the you know the part of the interview is they get at the end of the interview they you know hey do you have any questions for us and this was my first my one I said how many employees does twitch have they said 1800 2,000 how many do you think is the right number for twitch like what do you think is is how many people do you I guess actually need to be like firing on all cylinders and like I would get basically 3 reactions the first was sort of like just like shock like what are you even saying and are you insinuating that like I shouldn't be here or like we shouldn't hire you or that we hired too many people we don't know what we're doing like you know the people were just like what I don't get what you're getting at but it's not good whatever you're getting at is not no matter what interpretation I have of this question it's like pretty bad the second was a genuine answer which was like you know probably like you know 15 to 20% less but we you know you don't know you don't know over time who those top performers are you figure that out and like you know it's good to have buffer and redundancy or whatever and then I asked emmett the ceo and he was like I think 25100 and it's like you know because his plan is like to hire and grow and he's like you know he he and like we didn't get into a big debate about it I was just curious what he would say and so what was your reaction to this thing where you found out that ftx has like you know 20 engineers and is running this like pretty large tech platform and everybody else has thousands of engineers
Sam Parr
I think people overhire and so I wrote a tweet that said you know I'm really fascinated with the idea of just hiring less people who are higher quality and paying them a lot more versus hiring a ton of people and most of them by definition are pretty average and you pay them a medium or market rate I like that idea of doing the first thing but is that actually practical and what are some examples and the reason why I wasn't sure if it was actually practical is like even if you get the highest performing people in a room does it just become natural still where it's like the 80 20 where 20% of the people does 80% of the work and it just always and I think actually maybe that would actually would still exist but at like a higher caliber and then also I was like I actually understand why you want redundancies I understand why if you rely on 5 people and 3 of them quit like you're really screwed but let me give you the and someone tweeted out and I found 2 good examples one example was sam bankman fried with ftx and here's what he said here's the tweet he actually tweeted this out I guess after that talk kinda summarizing his his thoughts he goes I've looked into hypergrowth companies and time and time again growing from 200 employees to 2,000 doesn't seem to 10 x your per year productivity as a company in fact sometimes it doesn't even one x your productivity sometimes the more you hire the less you get done so why exactly is it that hiring doesn't scale the way it should a coordination becomes really hard and b diffusion of responsibility if 5 people could theoretically do something maybe no one will actually feel like they have to get it done and have to do it and then he just goes on to say that basically companies hire more or sorry companies lower the bar as they hire more and over time the average coworker people inaccurate becomes a worse experience and incentives become harder to align as people have less and less of a sense of what each person is doing and I completely agree I think that the I I'm not smart like these guys where I can actually come up with a number but I think a large percentage of jobs at least in the tech world and if I would say most companies are bullshit jobs I'd call them bullshit jobs and they're only there because the person who's running this particular division has to request more budget and hire more so they get more responsibility and more credit and they seem more important so then when they go to their next company they get paid more and they can climb the ladder because it seems like oh well like you know you manage 200 people you must be legit yeah that's why I think it happens
Shaan Puri
the number of people under you is a is a power consolidation technique inside of of large companies and even if people aren't doing it for malicious reasons it it is the incentive like you get paid the larger of a group of people that you can manage and so your incentive is to hire people promote them to managers have them hire people have them promote them to managers and have like layers and layers of people because if you were if you were if everybody got the same budget and then you were just measured on how much you got done and you got to keep the extra I think companies would work wildly differently than they do today right and he says something he goes in that tweet he goes sam says he goes as far as I can tell this is the most common reason that successful companies decay it's a race between how quickly new employees can understand the culture and how quickly people are hired the faster you hire the harder it is to keep everyone on the same page and you know if you're growing at 50% a year maybe you could still mentor each new recruit and get them you know to learn how you guys work but if you're growing 300% a year each employee only has 4 months to learn before they have to start teaching and meanwhile you know you have to also figure out how to make sure compensation is fair coordination keeps happening like I remember this inside of even a start up even a very small company when you go from 1 people to 2 people generally productivity increases like almost every time 1 person to 2 people is is almost always a win 2 people to 3 people usually a win but there's usually a cost which is oh now we have to have meetings whereas before like one person the whole project's in your head you don't have to talk to anybody 2 people like by default you're gonna basically share everything with the other everybody because there's only one other person knows everything that's shared once you have 3 people no longer does everybody know everything that's going on and basically I think there's this rule which is that for every for every double of your employee base you square the amount of communication required meaning so if you go from 4 to 8 you don't that doesn't double the communication it 4 x's the communication or whatever right like I don't do my public math there but it's basically like a nonlinear like it's a non nonlinear investment you have to make in communication and coordination and like suddenly it's like oh man we have a 12 person team and like it's really hard to keep everybody on the same page and now I'm having to do extra meetings that are all hands meetings or things like that just to keep 12 people organized now imagine that at 1200 and imagine that at 12,000 miserable it's
Sam Parr
Miserable. It's miserable. So, the other example, by the way, that someone... I don't know if anyone replied or how I found this, but have you heard of the company called Streamyard?
Shaan Puri
streamyard no
Sam Parr
they're in your world so go to stream I think it's streamyard.com so they're in like the streaming world
Shaan Puri
are they like canadians
Sam Parr
maybe
Shaan Puri
Okay, so an easy way... it's the easiest way, they say, to procreate a professional livestream. It gives you like a broadcasting tool for livestreaming. Okay, cool.
Sam Parr
So, this guy... it was two guys. One guy named Gage, and I don't remember the other guy's amazing name. Gage is the first name. Yeah, Gage and Dan. Yeah, Gage rode a dirt bike to school when he was a kid.
Shaan Puri
gage power
Sam Parr
Yeah, this guy's amazing. So, he started this company with Dan, and they were basically making a way for, like, Twitch folks or just streamers to stream. But then eventually, they kind of pivoted a little bit so it could be like a professional stream. I don't know who actually would do a "professional" stream, I guess like a company. But it had all these features to make it look cool and really easy. Well, anyway, they launched in 2019 or I think even 2020, and it was just the two of them. They got up to $3,000,000 in ARR (Annual Recurring Revenue) just these two guys. Then the pandemic hits, and in one year, they go from $3,000,000 to $30,000,000 in annual recurring revenue. Wow! Zero outside money, just these two guys. When they eventually sold, they launched in 2019, the pandemic hit in 2020 or 2021, but basically in like one year, they went from $3,000,000 to $30,000,000. Then they sold that same year to Hopin for $250,000,000 in cash. These two guys owned the whole thing. When they sold, they had scaled the company to $20,000,000 in ARR with just five people. By the time they sold, they had $30,000,000 and had just hired the seventh person. This whole business was built with just seven people. Really, it was built with two or three people. Then in the second half, they were like, "Our customer service was just getting out of control," so we had to have someone manage an agency that was doing our customer service. Of course, they were already killing it, but they hit a lick with COVID that was unexpected, so that accelerated it. They were doing $3,000,000 with two guys like a year and a half into the business, which is amazing for software. It's a pretty ridiculous company. You should Google what the founders look like. I think they look like they're about 28; they're like kids.
Shaan Puri
Yeah, I'm pretty sure I met these guys at a conference. By the way, now that I'm seeing their faces, yeah, Gage and Dan. But we're going to call Dan "Dirt." So, Gage and Dirt were the co-founders of StreamYard. I love it! This is an amazing story of being in the right place at the right time and being ready to surf a wave. Can I tell you about another random business that's deceptively big? My buddy Corey tweeted this out. He was like, "Next time you..."
Sam Parr
the high school guy
Shaan Puri
No, no, this is Corey. This is Corey Nicholson. His thing is Corey N CEO; that's his Twitter account. So, Corey's a good dude. He's a really young guy and he's doing an e-commerce thing right now. I really like him. If we were going to do Southern Sam Sticky Icky, this is the guy to run it, and he's down to run it. We're just waiting on you if you want to run it. He's a D to C guy, and what he's really good at is building a D to C product and using TikTok to market it. That's like his current niche. So, anyways, he goes, "Next time you're stressing over a business idea, just remember there's a website that simply removes the TikTok watermark from a video and receives 37 million monthly visits and has ads everywhere." It's called SSS Tik. I don't know if you've ever seen this website.
Sam Parr
I'm sorry, but the provided raw transcript does not contain enough coherent content to transform into a polished transcription. It appears to be fragmented and lacks clear meaning. If you have a different or more complete transcript, please share it, and I'll be happy to assist you with the transformation.
Shaan Puri
40,000,000 monthly visitors for the last 6 months straight
Sam Parr
and it's just the last word
Shaan Puri
With ads, I don't know how. You know, if you video TikTok, it's a great way to create videos, but it always keeps the TikTok watermark in there. So, I guess this is a way to remove the watermark.
Sam Parr
Because I'm pretty sure if you post a watermark video from TikTok onto Twitter, I always feel like they have a way to downvote it. You know what I mean? So, does that not get shown in the feed? Is that legitimate?
Shaan Puri
I don't know if it's that... I really don't give Twitter that much credit. I don't think they can build a feature that smart. But for Facebook, I think if you upload a watermark video as an ad—because those TikTok videos do great as ads—they won't let you run it because it's got a TikTok watermark. You're basically promoting their competitor, right? So you have to get the raw video.
Sam Parr
Dude, this is crazy! I'm looking at the traffic now, and it gets like **40,000,000** a month. It looks like around that, and they're from every country. The United States only makes up **8%** of the traffic. There’s Colombia, the Philippines, Mexico, and Peru. Peru is the biggest source, which makes up **10%**. This is crazy! What a crazy business. Do you think this makes money? Surely it makes some, but do you think this is big?
Shaan Puri
Yeah, I think it is. By the way, okay, so I tried to get in touch with this, so I don't have the full story on this. But go to **eggcartons.com**. You're gonna love this! This is like, I might be telling you about something you already know. You're gonna be like, "My cousin started this!"
Sam Parr
Alright, why would my... I don't have a cousin. What is this, eggcartons.com? What is this egg cartons?
Shaan Puri
I don't know. This is just a Sanpar special right here. It's just like, did you know there's a business called Egg Cartons?
Sam Parr
So many people think that I'm like, "I thought you were safe." I'm from the Midwest. So many people think, "Oh, like, hey, I wanna go hunting. Can you teach me how to hunt?" They think that I'm from a rural southern area. I'm not. I don't know anything about that. When they hear I'm from Saint Louis, Missouri, they think it's the country. I'm like, think of Detroit. That's kind of where I was raised. It's more like Detroit than it is a rural area.
Shaan Puri
are you more likely to go bow hunting or get a pedicure
Sam Parr
Dude, well, neither people from Missouri get pedicures—at least men don't. But bow hunting... I only know about bow hunting from the TV show "Pauline Dynamite," where they talk about a bo staff. I don't even know what a bow is. I've never killed an animal before. No, I've never done any of those things.
Shaan Puri
and you don't have the you don't have the urge to
Sam Parr
I definitely would. It would be fun to look something in the eye and then consume it. I think that would be exciting. But anyway...
Shaan Puri
okay so back to egg cards.com alright so basically it's just a website that sells like the actual packaging you need for eggs so every form factor of eggs you got the 12 one you got the 24 pack you got the plastic one you got the foam one you got the good for the environment one and I thought this was really interesting because this is a this is a multimillion dollar business that just is like wholesale selling packaging for eggs and they just it like if you go to the website it's like egg cartons.com call 1-888-852-5340 right and it's like you know when that's in your logo that this business prints cash because it's like oh yeah we got like just this like you know every grocery store in america every corner store in america they just egg cartons.com and they they got my number you know in their phone book and it's like the biggest tell and so what was interesting about this is I was like who owns this thing and then if you look up eggcarts.comowner you're gonna see this woman named sarah moore and sarah moore if you go look at her thing it says her her linkedin says sarah moore egg carton and packaging fanatic and she's been doing this for 4 years and before that she went to harvard business school and so I was like who is this and basically this is somebody who's like an m and is is a mba private equity type that identified this business that's been around for 20 years and basically you know like went and you know either bought it took it over or or you know did something I don't think it's like her dad is the owner because there's this other guy paul b something who you know was the owner of it for 19 years now he says he's semi retired but I think she bought it and I was like wow this is a this is a like fascinating like path to pick for somebody who's just like smart and is like you know what I'm gonna go fish where nobody else is fishing instead of going to try to build the next social app or the next crypto thing or the next podcast it's like let me go identify one of these businesses that's like a wholesaler of packaging by the company and then just like you know modernize it and grow it
Sam Parr
So, is this Sarah Moore from Massachusetts? Oh wow, are you sure? This woman does not look at all like you're going to think of an egg carton salesperson. This is the owner? Are you... no, like if...
Shaan Puri
You look... If you looked at her picture, what's your guess? What does this woman do?
Sam Parr
like enterprise sales at salesforce
Shaan Puri
Exactly! I was going to say the exact same thing. She sells high-end enterprise software, or she runs an ad agency, or, you know, like whatever. I don't know, she's a professor and part-time model or something like that, right? It's like crazy.
Sam Parr
She's like a really good-looking Harvard person, and I would not expect her to do any of this in Sutton, Massachusetts. This is crazy.
Shaan Puri
If you look at the guy who's the previous owner, you go to his LinkedIn. It's like a dude with his neck sideways, he's on the phone, and he's at his computer. He's looking up, and someone took this photo of him. That's the best photo he has of himself.
Sam Parr
that's his long time pictures yes
Shaan Puri
The smoke from his desk... His desk has, like, a 1970s World Series ball from the game. He was acting, yeah, and he's...
Sam Parr
Got like a marble red in his mouth. That's exactly how I would imagine this. This is crazy! How'd you find this?
Shaan Puri
So, because I just saw the tweet about the egg carton thing, I went down the rabbit hole. I found a PDF that says she purchased it in 2017 after getting her MBA from Harvard. Now, she has a private equity company that she established in her twenties. This company basically does EggCarts.com and Fall Harvest Products. Both of these serve the egg-producing industry and King Supply, which provides plumbing materials to campgrounds and parks. I was like, "What the hell? Who is this person? What are they doing?" By the way, I might have some of these details wrong because I tried to get in touch with her. I emailed her with the subject line "Holy Shit." The first line was about egg cartons, and I thought, "Who would have thought this is amazing?" I sent her a message saying, "Look, I want to know more about you, but I don't want to schedule time for you or for me. Here's a Google Doc; would you mind just answering these questions?" So, I'm waiting on her to answer these questions now because I must know more. I must know: Was this her family business? How did she get into this?
Sam Parr
This, so this like model-looking Harvard grad owns a cart business. She owns a plumbing supplies business, is that right? And I don't know what a fall harvest is. What are fall harvest products? What do you make when you saw that?
Shaan Puri
I think it's also it's also for the egg industry what
Sam Parr
This is awesome! This is a really good find. I love Sarah Moore. I love women named Sarah. My wife's name is Sarah. I love Sarah Moore; she's great.
Shaan Puri
it's not where I thought you were going without I love women named sarah
Sam Parr
no this woman's awesome I'm a be
Shaan Puri
fun fact for you I had a big break party
Sam Parr
Yeah, my wife's name is Sarah. There's this woman I admire who went to Harvard and owns an ACOG business, and she's also named Sarah. I'm fond of her.
Shaan Puri
Now, the founder of Spanx, Sara Blakely, loves when pants make you look thinner.
Sam Parr
Another great find, Sara! Yeah, I'm a big fan of this. This is a good find. Why did the person tweet about it?
Shaan Puri
I don't even know. It was like, what did they say? They go, "I think so." The thread was like a kind of a golden thread where it was like, "Boring businesses are the best businesses." Then somebody, Patrick B. Johnson, said, "I got one that's even better: Ed Kearns dot com. This is a multimillion-dollar business." That was the only reply to the thread, by the way. This wasn't like a popular thread. So one guy tweeted that first tweet, this guy.
Sam Parr
did you dm that guy he knows something
Shaan Puri
It's like a heat-seeking missile. Yeah, he knows something. No, I didn't reach out to this guy. He's got a picture that makes him look a little crazy, and so I was like, "I don't know."
Sam Parr
I mean it's not like he didn't like assault you it's on twitter
Shaan Puri
So, like, okay, let me read you his bio. This is why I was like, "I want to have a conversation right now."
Sam Parr
beats up indian guys
Shaan Puri
You know, he goes, "Teen Vogue," his bio. "Teen Vogue" called me a visionary. "Elite Daily" called me a genius. Link in bio. Then he goes, "Ramit blocked me," is my biggest accomplishment. I'm the founder of Progress Labs.
Sam Parr
yeah I wouldn't wanna talk to that guy either
Shaan Puri
Either he's awesome, or he's completely not awesome. I just didn't have the energy to go find out.
Sam Parr
This is a badass find! I'm all about it. Is it 8Cartons? 8Cartons.com? I'm all about this because if anyone could...
Shaan Puri
birthday gift for you
Sam Parr
If anyone could find Sarah Moore, please find Sarah Moore and tell her to join the pod. There's this one woman—I don't know if I told you this—did you see the tweet where I saw this lady at Whole Foods? I thought it was cool, so I just tweeted out a picture.
Shaan Puri
no wait what happened
Sam Parr
So, there was this lady giving out samples at Whole Foods. The sample was called, I don't... I actually don't know what it was. "Jesha," J-E-S-H-A. It's like a sourdough. Do you know anything about sourdough bread? I don't know entirely about it, but like it doesn't...
Shaan Puri
to be honest with you
Sam Parr
It involves something that doesn't have yeast or something that you can actually digest a little bit easier. It doesn't make you as bloated, at least when I eat it, because it lacks yeast. There's one ingredient that's missing that sometimes makes it feel bad on your stomach. So, she made a sourdough mix that you can use for pancakes, muffins, and things like that. I was just talking, and I went to Whole Foods and saw her. I thought, "Oh, let me try some of this." I was like, "This is great! Is this your business?" She said, "Yeah, I just started it like six months ago. I cold emailed someone at Whole Foods asking if we could sell in the store, and they said yes. Now they're stocking it on all the shelves." I was like, "Oh wow, that's a pretty good story! What's your background?" She replied, "Oh, I just worked at a fintech startup for a bunch of years. I wanted to do this, so I saved up a little bit of money, quit, and launched it. I cold emailed them and figured it out." She tweeted one tweet, which was a picture of her, saying, "Worked in fintech, quit, started this in six months, got into Whole Foods just by cold emailing someone." That tweet got read by like 2,000,000 people. I had no idea who she was; I didn't even know her handle. At the end of the tweet, I said, "If you know who she is, send this to her, and she'll know where all the sales came from." Apparently, she knocked it out of the park with sales, all from just this one little tweet. Then, I did the same thing with a pool company, Trek Pools, and they sold a ton of pools from that mention. It's kind of funny how these silly little tweets actually move the needle for people.
Shaan Puri
So you're saying if you're out there and you'd like your needle moved, your boys are available for hire. And bribes? Actually, not even for hire, just bribes.
Sam Parr
yeah just money send us free
Shaan Puri
Awesome stuff or cash in some kind of briefcase, and we will move the needle for you.
Sam Parr
needle movers
Shaan Puri
yeah 1800555500 move my needle
Sam Parr
alright that's the episode I think
Shaan Puri
Hey, we're just a couple of needle movers cultivating that multitrillionaire mindset. #Grindset