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Kind: captions Language: en and then we have another guy Larry Ellison billionaire guy you know 50 billion plus he started Oracle he says debt has never made any sense to me how can a person be there and just vanish and just not be there was he stoned [Music] dude I got a lot of stuff to talk about today do you yeah I’m excited to I’m excited about you know I want to say something um people have been a little bit spoiled by this podcast I gotta say like I said a little spoiled um people just expect that every single episode is gonna be a banger every single episode is just gonna just bring a little smile to your face put a little money in your pocket give you a little nugget of wisdom that you might be able to say to somebody throughout the day and they think you are you or that wise and I think people got a little spoiled and not every podcast is gonna be a banger not every podcast is going to deliver not every day is gonna be one of those days some days you just don’t have it but today is not that day today we have it you have it too I just I just looked at the document I saw what you had on there I don’t know what anything about these topics I’m excited to hear what you got let me bring up the first topic rich people and health and I’m talking like really and the reason I was interested in this is Sam Altman all the rage right now Sam Altman you know uh helped run Y combinator and then now is the CEO of openai and he’s in the news because he did this like thing in front of the Senate and he was very endearing he’s he’s incredibly likable not and and he’s also very successful I read this article and it said something about two things that stood out it said something like he put all of his liquid net worth so he said in this article he goes I basically put 100 of my liquid net worth into two companies the first is helion energy he invested his own money 375 million dollars of his own money and the second business uh was called retro it’s a health company he invested 180 million dollars so that kind of caught my eye and by the way remember we did a segment on Sam I don’t know a couple months ago and it was because I had read this thing that Sam Altman led the round in helium with 300 something million dollars and I started texting people being like how much money does Sam have that he’s investing 300 million into a single company uh is he does he have a fund does he secretly have a fund and some people are like no I he might have a fund I wouldn’t be a surprise but I think this was I think this was personal right and it just didn’t make sense and we did this whole Deep dive because that one number just sounded outrageous and now this is some new information that he’s saying yeah I actually did put all my eggs in two baskets uh two two eggs in one basket in a recent article the quote is that or there’s a quote from him admitting he goes I basically put all of my liquid net worth in this into that and so retro health kind of caught my eye and then in another article that just came out he said that uh he was talking about like his daily routine and he talked about his uh like he’s obsessed with like everyone used to talk about how he was obsessed with the end of the world so he has like this property that has like gas masks and all this other [ ] whatever that’s interesting but we’ve talked about that but then he also says that he’s really obsessed with anti-aging and he goes it’s mostly simple stuff I try to eat healthy I exercise I sleep enough and I take Foreman that caught my eye one of these does not belong yeah one of these is things my my mom advises me to do all of these are things my mom advised me to do except for one yes so the metformin they caught my eye and also that he put 300 million dollars of his own money he goes I take metformin and he goes I also hope to one day take retro Health’s medicines which they haven’t come out with yet have you have you heard of Metformin do you know what this is I’ve heard about this because um vitalik the guy from ethereum he was on someone’s podcast and they they instead of asking about crypto at one point they were like let’s talk about other stuff you’re super into like oh longevity you’re interested in health and he’s like yeah I’m like kind of interested in it you know I’ve taken metformin and rap what’s the other one called rap something rap rhaps yeah yeah like that that’s another longevity drug I don’t know much and he’s like he’s like I I don’t think he said he takes it regularly he’s like but I’m interested in that I’d like to I’d like to learn more about that so uh about a year ago I was telling you about semi-glue tied and I’m like this drug is interesting I think it’s going to be popular and it got very popular I don’t know say what you really said what did I say is a miracle drug you’re like dude I’m injecting myself with this [ ] unbelievable I don’t crave candy anymore yeah I’m losing so much weight this thing’s crazy yeah you’re right I tested it out I don’t take it anymore but I’m I’m like a guinea pig I’ll eject myself with anything to try it out and so I tried it out and so I got a little bit more interested in this and so everything I’m about to say I want to preference this that’s saying I don’t know [ ] I’ve listened to like a handful of Pop podcasts and read like some studies that’s about that’s the the education I have here but basically metformin is similar-ish to semi-glutide in that it was created in the 90s or was created before that but got FDA approved in the 90s and the whole stick behind it is that it helps uh insulin uh sensitivity which basically just means uh when you eat sugar or crave sugar or whatever your blood sugar spikes and if you’re diabetic that’s why this drug is important that’s basically all I know but the reason why this is important for longevity is what people have found is that there is a huge correlation between your blood sugar spiking and how long you can live so basically when your blood sugar spikes like a huge amount as if you just ate tons of sugar and if that spikes a lot that’s correlated with living less or not as long as it being like stable all the time so the reason why some of these I think they’re called glps uh glucose like it basically limits like your glucose spiking is what these drugs do that’s like the dumb Meathead version which is all I know of explaining it and the reason why these drugs are interesting is because they were given to diabetics and like oh hey your sugar uh blood sugar isn’t spiking Oh weird a lot of these people are living like kind of a long time what the hell is going on and then that’s when they’re like man this drug actually might be good for making you live longer because it’s correlated with keeping your blood sugar low which is also correlated with making you live for a little bit longer and so that’s what this drug is and I started Googling it and all these like and they’re there’s definitely downsides but all these like biohackers and also like these really rich guys I’m talking like 500 million billion dollar folks it seems like a ton of them are taking this drug do you know anyone who’s taking this personally I don’t know anyone who’s taking it but I don’t um ask and I would bet that a good number of our friends I would say like I would bet that 20 of our friends who kind of fit this category of like they um they went into Chuck E cheese they got all the tickets and now they don’t want to leave uh it’s basically like really rich people who have won at life and now they only think about big picture things and they’re trying not to die because uh they got they got it pretty good and so I would say it’s it’s probably very common in those circles and so like I first was interested in how like wealthy people care about health like years ago 10 years ago I read the biography of John Rockefeller and John Rockefeller uh you know was he probably died in 1930 or for 1940 so he basically in the book they’re like he chooses his food super slow and he makes sure that it’s like fully liquid before he swallows and like when he was like 80 years old he basically was like a vegetarian and if he wanted to eat a piece of chocolate he would like call his doctor and say hey is it okay if I have this and he was like anal about that and then I listened to Ben Wilson’s how to take over the world with Tom Edison Thomas Edison and he did this it’s some similar stuff and he was like I eat light and I try not I don’t overeat I take a nap once a day like he like all these Health stuff so I started thinking like that’s interesting so like wealthy people have always cared about it the difference between today’s wealthy people and in 19 or 1880 is basically like we have a bit more science and so I’ve been obsessed with like what some of these wealthy people are doing and I want to read you a few quotes and tell you about a few interesting things that people are doing like incredibly wealthy people for example Peter Thiel he has the most Peter teal quote I’ve ever heard on death he says there there are these people who say that death is natural and it’s just part of life and I think I think nothing further can be from the truth I he goes um I I believe that the acceptance of death is a psychological defense mechanism and I dismiss it as being weird and sociopathic and then he talks about like how like living forever will be bad for the economy he goes that’s okay even if there are problems with that it’s better than being dead and so he like talks about how he takes HGH human growth hormone and he’s doing this other thing called parabiosis which I don’t know exactly what that is but he’s spending uh well and that’s like where the the rumor of him being a blood boy so para biologist is like where you take younger people’s blood and put it in your body to like right live long but that’s all I know about it and then we have another guy Larry Ellison billionaire guy you know 50 billion plus I started Oracle he says death has never made any sense to me how can a person be there and just was he stoned it’s like you know how like a baby is it takes them like six months to realize that like when you cover your eyes like you’re you’re like you cover like your own eyes it’s like I’m here uh he’s it’s kind of like he’s like Benjamin buttons for that like you know he’s going in reverse I’m stunned by a game of peekaboo and then there’s uh one more person that I thought was interesting that we’ve talked about Brian Johnson we’ve had him on the Pod he has this thing blueprint which we all know about but two interesting changes have come from that so the the background is Brian Johnson started Braintree which owns venmo and all this other stuff he sold it he’s likely a billionaire and he does this thing called The Blueprint where he like is spending two or three million dollars a year and he like doesn’t eat sugar he only eats plants he exercises in a certain way but he measures all of it like uh religiously and you could go on and see it well I found two things interesting with that that now that he’s getting popular which I think you and I get like point five percent credit for him being popular we were we were early on that train which it gives me Pride but one uh one interesting thing is there’s a subreddit now called like the blueprint and there’s people mimicking what he’s doing and I’ve been paying attention to the subreddit it only has like 3 000 people but the engagement is really really high and there’s people testing it and when I read their posts I’m like I don’t know entirely that if like being a vegan is good or not good for you but the way that you guys are describing this I’m all in you know what I mean like it’s very intoxicating and whenever you see stuff and content like that it I you I can kind of feel like it’s going to be popular and the second thing that’s popped up is go to uh rejuvenationolympics.com so like okay what are the what are the Rejuvenation Olympics is it what it sounds like I mean how does this work so there’s the leaderboard of which Brian Johnson is number one but there’s thousands of people by the way the tagline is hilarious what is it so it says so Rejuvenation Olympics where you win by never crossing the Finish Line that’s good that’s amazing right that’s good well done whoever that was nice one so the whole competition is to see is who can decrease their biological age compared to their chronological age so who can like and I don’t understand how they make up like the the rules but it’s hundreds of people and they’re uploading like their pre-results and then they’re like most recent results and and like I don’t I think I don’t know if there’s a prize other than bragging and potentially not dying but it’s really fascinating do you see that list it’s cool looking right yeah so basically it’ll be like Brian Johnson his chronological age 45 years old and then it’s ranked on his improvement from the Baseline which I’m not sure exactly what that means but I’m guessing it’s basically what his his chronological age versus biological age and What’s the diff is it kind of my my guess What’s the diff yeah yeah get it to death but anyway all this stuff about like what like you know there’s like what’s that phrase like whatever like Brian Johnson created this thing so oh he created it okay some guy uh Oliver did it yeah so you know I also have a handsome indianolympics.com yeah I’m currently number one we’re taking content taking nominations but dude it is like fascinating like what’s that phrase like whatever like the Nerds are doing on the weekends it’s gonna be popular it’s kind of the same thing with like billionaires which is like whatever billionaires are doing like everyone else is going to want to do and uh this stuff is fascinating to me I I don’t know like I don’t know like a if any of this is true or [ ] and B like can any normal person ever have access to this stuff I don’t know but I know that there’s something here and I’m not but I’m not sure how it’s gonna play out well okay let’s let’s do a couple of these uh kind of like takeaways I think you’re right that this stuff like metformin and other anti-aging or reverse aging drugs are gonna get more popular I also think that by the way metformin and semi-gluto I don’t think they’re in the same category at all but kind of in that they’re like diabetic stuff that now regular people are using semi-glutide it’s sold out like if like you if you globally yeah like you can’t it takes even like if you’re wealthy it takes weeks to get it like so that has happened already like there’s on Tick Tock so like Tick Tock I think is like a good barometer of what like the average person is doing like Lady Gaga what had a video and she looked skinny and they called and like the top comment was like damn she’s got that ozempic face because apparently if you lose a lot of weight really quickly so like people are already like using that as like vernacular and phrasing so it’s already there totally um the second thing I would say is I had never even heard of this concept of measuring your biological age versus chronological age like I didn’t even know there was a there was such a thing that you could separate those two numbers uh but now that I know I don’t want to unknow it and actually I’m very curious as to what my biological versus chronological age is I’m sure there are many many people who are curious about that and so I could see somebody creating a testing service that’s either kind of like a Everly well whatever that’s like uh you know draw your blood and give you some result or like even a clinic like a dexa scan place where you go and they take you through the battery of tests that you need to do in order to give you this report and uh so I could see that being uh you know a business or Trend that that takes place in the future that’s kind of exciting and I think that the beauty of that model is basically you can you could go low price on that test because I think you get your upsell will be so strong um once you give someone their number and they’re sort of thinking about the big picture uh I think you could upsell thousands and thousands of dollars worth of either nutrition training medicine some combination of of whatever Health stuff if you had a low-cost like an at Cost basically um biological age test there’s a company that’s doing it right now that I tried out it’s called inside tracker I first heard about them because Andrew huberman talks about them so I don’t actually know like the science behind it and it could be complete junk I I don’t I’m not sure but because he endorsed it I was like all right I’m interested but it’s called inside tracker and I do it about twice a year and it’s 600 and you go to like Quest Diagnostics or LabCorp and you get blood and then you get the results in like a week but it’s called inside tracker it’s 600 bucks or maybe 700 something like that still not like crazy cheap but like once I saw my biological age it was like a competition so now every time every six months I’m trying to like reduce it so what is your difference what’s your chronological versus biological you have a big difference or no yeah nine years so my biological was uh 22 or 23 something like that I’m 33. uh so it was it was I I did pretty good yeah that’s amazing the only thing I had to work on was my cholesterol I had higher cholesterol and I don’t even know like entirely what cholesterol so what did you do you just gave blood in order to do that yeah yeah you give a fair amount of blood uh but yeah you get blood because I thought what Brian Johnson’s doing he’s measuring like each organ individually so he’s doing he like what I’m doing is like the JV team what he’s doing is like professional athletes yeah he’s he’s like going overboard or I don’t know about overboard but you know you know he’s crazy right like he’ll eat like the same meal every single day and it’s like nuts or uh like uh it’s like a hot oatmeal made of spinach it’s like crazy I saw this tweet so basically on May 15th this guy named Ben tweeted out that on this one website that buys and sells businesses there’s a podcast for sale it does 2.2 million in profit it’s an entrepreneur podcast the owner Works 20 hours a week recording seven podcasts so it’s one per day the company only has three full-time employees and it’s a podcast that’s been around for uh 10 years and it has nearly 4 000 episodes and so a I was figure trying to figure out which podcast this is and I have a guess of which I’m almost certain it is with but this person has never confirmed it I think it’s entrepreneur on fire by John Lee Dumas who’s been on rpod and us on his uh but I have no there’s no confirmation this is just a guess I would bet everything that it’s him uh and then but I’ve got to guess I don’t get my life on yeah but I have zero I have you know it’s not actually confirmed and the second thing is he’s asking 15 million dollars for this that’s the asking price so my question to you is what do you think this is worth it’s hard because if you buy it he’s not coming with it correct so the way if you guys Google uh like uh so the guy’s name is Ben tiglar so t-i-g-g-e-l-a-a-r and you’ll find his tweet you get directed he’s a good follow by the way he has good like buying businesses tweets so yeah like his Twitter he’ll link you to a thing where you could see like the page that uh that that you’ll see a bunch of high level details and then you can enter in your information and then make you sign an NDA we’ll send you the whole deal book I purposely didn’t do the NDA part so just so I could talk about it so I’m only referencing what I saw on the deal page which is like high level stuff so I don’t know if he goes with it uh by the way if you go to his if you go to entrepreneurs on Fire’s website there’s a ticker at the top that shows uh revenue for April 2023. you click it and it’ll tell you that uh in April we made 181 thousand six hundred and seven dollars here’s the full report and you can see that since he launched it 10 years ago this podcast he says has generated 19 million dollars in net income them for him in the in the uh I guess 11 years now since since it is uh since it has been launched that’s pretty stunning uh for for this podcast that I would say is like a good podcast but it’s not like uh it’s not like one of these podcasts if I said like name the podcast that you know your favorite podcast in the world the one that influences you the most the one that what’s the most one of the most popular entrepreneurial podcasts I would not name this one I don’t think most people would name this one and for this podcast I’ve generated 19 million dollars in net income since uh 2012 is pretty pretty stunning and you can see that it’s basically 91 sponsorships four percent courses four percent affiliate two percent his book sales and my my opinion and this has nothing to do with John this has nothing to do with his business I think that this podcast is worth without him close to zero just about close to zero and what is interesting that’s crazy no I and I’ll explain why because what let’s say that you own this what’s gonna happen you pay 15 million dollars what’s gonna happen like the first six months without him like you’re just gonna make residual revenue and or and then what he’ll go and start his own he’ll go oh yeah well no I think you’re going to have a non-compete here if he if you buy this thing from first of all nobody’s buying this for 15 million those people what do you think it’s worth I think you could buy this I think you could buy something like this for five to six million if you were serious about it um you would have to be betting on two things number one that the loyalty is to the because I think what he does is interviews correct I don’t actually listen to the Pod I think interviews it’s like 20 minute interviews so you I think you have to bet that his listeners are there to hear a certain type of person come on and speak and you have to be a good interviewer so they’re not there for John they’re there for for uh guest guest a b c d e um you’d have to be betting that and you’d have to be betting that he’s not going to go create a competing podcast of the same ilk and draw away people who are used to him there if you were to do those two things and you bought this at a two or three x multiple of profits I don’t think that’s insane I also don’t think it’s what I would do like I don’t think I would make that bet but I don’t think that’s an insane bet to buy it for 15 million I think is an insane move you think what do you think he’ll get I think he’s likely to get no offers period um because the number the subset of buyers is pretty small for something like this and I think he could sell it for between one to three x profit dude and I don’t know why he would post it maybe we’ll be wrong I don’t know why he would post it on this site because a guy like Ben found it and immediately people were in the comments were like oh it’s this one this episode had like they show all your Revenue I know how many episodes it has like this is just like the easiest thing ever you know what I mean uh like they like totally guessed what it was and I think that that’s crazy I I I that’s it was a tough mood and it’s also like we appeal to entrepreneurial people who buy and sell businesses and so you’re just getting like your audience is the one that’s gonna out you you know what I’m saying does he say uh does he say how much uh how many subscribers like how many subscribers he has or how big the podcast is yeah in the in the listing I think it says how many downloads it’s either gets a year or a month but I believe it does it say what it what it is uh uh it just says 145 million listens so I don’t know how you would calculate that you divide that by at least too many episodes there’s like 14 episodes or something so but it’s something like a one to two million downloads per month on and that’s a daily pod so I don’t know how much each one gets but anyway kind of an interesting thing if someone could sell this like a personality driven podcast and then that reverts to not personality driven that this would be very very very fascinating yeah I I’m very curious to see how this plays out I don’t know how personality driven he is I think that’s that that’s the question like if you’re um like if it’s the Tim Ferriss podcast it’s literally called the Tim Ferriss podcast and I would say that the that Tim is a very branded interviewer um you know his voice his style his face is the thumbnail like I think that’s like impossible to sell uh entrepreneurs on fire with John Lee Dumas I don’t know I think it’s I think it’s possible but I’m not sure what the upside would be you know you’d have to come in and be like great here’s what I’m gonna do let’s see can I uh how can I make my investment more more valuable can I add more episodes well he’s doing one a day already so probably probably not much room there uh can I launch auxiliary products well he’s already got his journal his book his course his affiliate links it’s like like no he’s kind of squeezed all the the monetization juice it’s not like there’s obvious things that he just didn’t do uh for this thing uh can I grow the audience not pretty much impossible to grow a podcast audience just by Brute Force it’s not like a really clear clear way to do that so I don’t know why you would buy based on that I think based based on the fact that there’s not very clear growth levers I think that makes it a tough budget I guess we will see but he can tell us what he can tell us why we’re wrong maybe tweet that as John tell us uh why somebody should buy this for 15 million and how they’re going to make you know three times their money in uh in the next you know five years on on that our software is the worst have you heard of HubSpot see most trms 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 the McGregor documentary you watched it yeah really good it didn’t talk about his business stuff which I thought was kind of I wish it would have but it was really good what do you think about him okay so my is so I used to love Conor McGregor like at a given point in time he would have been by far my favorite athlete you know combination of entertainment uh you know success and uh the mindset so like you know I thought that that was like just an amazing combination I had never really seen before and his run up from guy who was basically a Apprentice plumber on welfare to richest athlete the highest earning athlete in the world global global Star 28 world champion in like a six-year period was that six years of following that was unbelievable to watch that kind of rags to richest story he was kind of like the equivalent of a redneck but in Ireland is what I’ve realized like watching that documentary I was like oh you like are really good looking but you are like a trashy like redneck person like that’s that’s basically what you were yeah exactly exactly and he’s had many documentaries actually he’s had many because from the beginning he was filming or people were filming him because he has like a sort of Charisma and a magnetism about him and he had a lot of self-belief he had like an unbelievable amount of self-belief where he’s like hey record this record this and they’re like who are you what you’re not even you’re an amateur fighter like why are we recording you exactly because I’m gonna be the best and so he’s actually had I think three different things on Netflix this was the latest one um couple of thoughts number one special people are nuts and you gotta be a little nuts in order to do what you’re doing and he’s openly admitted to being a bit nuts in fact he has this quote in the documentary where he’s like I’m like Vincent van Gogh I’ve lost my mind to the game uh I don’t I don’t know nothing about else except for this game every moment every thought is about as about this game I have lost my mind to it and I like I wouldn’t have it any other way there was a there was an interview where someone was like hey what do you think about the Manchester United game and he was like oh it was good you know it’s great look I’m gonna be honest I don’t I don’t even know what game you’re talking about like I I don’t know anything about soccer I you could ask me about politics I don’t know anything about it uh I I watch none of this all I care about is fighting right exactly so he had like a laser phone that’s all on the come up and then he makes it he becomes the high starting athlete in the world he’s uh creates this whiskey brand that sells for 600 million dollars and he makes maybe 200 million out of that you think that you think that those that number’s right yeah I’m pretty sure that’s right um and then I uh and then he’s got his suit line then he’s got his his McGregor FAST program he’s got his uh recovery spray he’s got like all these other businesses right and so he um and then you know he starts to lose and he starts to get in trouble with the law and he starts to sort of he becomes his Larger than Life Persona so he’s an interesting guy he’s got a little bit of a screw this I thought two things stood out to me from the documentary one was early McGregor mindset was the best so the way they filmed this was they would take present day footage of him going through something and they would splice it with like before he was famous the things this guy would say and they put it together and when you watch it together it’s like the perfect mindset it’s like adversity and then him saying exactly how to deal with this adversity or how to avoid the this this problem but the problem was all of the mindset stuff was from him before it was like you know him 10 years ago and um I think you know the the editing made it look like a sort of in a way like very admirable but I I think what’s interesting is actually how much it changes like the mindset that got him there isn’t necessarily the mindset he still has because so like at the beginning his mindset overcame his environment like nobody from Ireland had ever made it he didn’t have a proper you know like you know training setup he you know he was not even in the UFC and his mind it was like Mind Over Matter and then the problem is like then the matter got so big he’s sitting on a Lamborghini yacht he’s got you know everybody kissing his butt and you know he doesn’t have to wake up at four in the morning and go run anymore like then at some point the search his own success became his demise in a way I think this is some poetic in that the second thing I thought was he had a quote that I really loved I think is very relatable to me at least they go so what happened did you just you know you stopped training everybody says that remember you got rich you stopped training he goes no no in training I was a hundred percent committed that was a hundred percent I gave every ounce of my effort in the training sessions it was outside the training sessions and I was not 100 committed I was 75 committed he’s like but that was the difference he’s like you know um you know the it like here I was willing to sweat but outside of this you know I would uh I would tell myself you shouldn’t eat that then I ate it yeah you shouldn’t drink that and I drank it you should you should you’re gonna wake up at this time I don’t wake up you’re gonna go to sleep on time I don’t go to sleep on time he’s like and those little these like those were little losses and those little losses or it could have been a small win and instead it was a small loss and I was taking those small losses outside of training and he goes that’s what deteriorates the mind it weakens the mind and he’s like it infiltrates your your brain these small losses they don’t individually they don’t seem like anything but they add up one day after another next after next and my mind became weaker and doubt started to creep in for the first time and uh you know I started a slip outside of the training and I thought man that’s such a good lesson and frame for like since I watched that now all day I see opportunities I’m like this is either going to be a small win or a small loss it’s not gonna no one’s even gonna know besides me only I know that this situation is even occurring you know I’m feeding my daughter she’s eating mac and cheese I’ve eaten clean all day she doesn’t eat the food and now there’s mac and cheese in front of my face or you know do I take that bite or do I not take that bite it’s a small win or a small loss uh you know going to sleep on time it’s a small win or a small loss and since that documentary I started racking up small Vines I realized how many small losses I was taking and I decided not to take those out you want to know something funny yeah I remember that exact where he goes there was times I was supposed to wake up I didn’t wake up I knew I shouldn’t have ate that and I ate it I hate that there was it was so relatable there’s this you know the thing about him is there’s all these small details about him that were really fascinating for example he has a tattoo on his arm and it says slow low is smooth and smooth is fast and I thought that I thought I was like that’s just a really good phrase It’s a military phrase I don’t know if you’ve ever heard that no I didn’t know that and I thought that that was like um I think it’s like a Navy phrase or something it was a guy who worked for us I was in the Army he used to say that he used to say uh I know we want to go fast but remember slow is smooth and smooth is fast and uh he goes that’s how they teach us when I think it’s for rowing uh like like if you try to just thrash while you’re rowing you’re trying to go fast but you’re not actually gonna go fast what’s what works in rowing is clean smooth aligned Strokes by the whole team and the boat goes fast and like that’s kind of what you want to do yeah and he was fascinating and he also I don’t know if he explicitly said this but there was this one time where he does this famous thing in one of his I think his first UFC fight he knocked someone out and at the end typically one fighter of the 16 gets a 50 000 bonus uh if they have a good knockout and at the end of the interview he goes Dana 50 G’s baby like he’s calling out dated to give him the 50 G’s and he was the first person I think to do that which is pretty funny and then afterwards they go all right fine you got the 50 G’s and they go what are you gonna spend it on he goes he goes dude I was under welfare last week but I’m I’m gonna I’m gonna buy a suit I’m gonna buy this and then the next fight Ariel hawani who we’ve had in the Pod interviews him he goes Connor I saw that you just showed up at a Louis Vuitton like suitcase he goes and he said something like I gotta buy the best I feel like the best and if you look at his life I’m typically not a guy I don’t like to spend a lot of money I don’t like uh you know flashy stuff but he does something interesting where he starts leveling up his life to where he’s like and like he’ll wear like if like you and I if we think about like when we were younger we’re like well businessman has to have a suitcase and a tie and then now we’re older we’re like who the [ ] would wear that you look like a fool he still kind of plays that part so when he goes to a business meeting he wears a suit and I look him in that suit and I’m like yeah dude you look like I trust you more like for some re like you know there’s like you look more like a custom fitted tailored three-piece suit to the you know to the to the nines yeah and my takeaway from that was like you know like I used to dismiss like a certain dress or certain clothing or certain cars like but like man sometimes when you level up your lifestyle it’s almost like there’s this old story about a guy who wanted to sell like a Picasso and he’s like come to my warehouse look at the Picasso and the guy looks at it and then there’s and he wasn’t very impressed and there’s another story where a guy takes him to this like small theater where there’s classical music playing and he dim the lights and he goes look at this Picasso now and you sit down at this beautiful like velvet chair and you like right oh man like it’s so much more beautiful now and that’s kind of like what he did with his life he surrounded himself with like this fancy [ ] which typically I think is bad but for some reason I realized it’s kind of cool to like surround yourself with stuff and act as if it’s like no like I’m here and I I must act as if or act uh you know act like I am here yeah he’s talked about that uh in the in the thing he say you know what do you want uh you know do you want this you want that he goes he goes I like I want the common thing is he rejects the question he rejects the premise in many many questions so one example is they’re talking about wanting and he goes he goes that’s the problem want you want this want that I already have I always act from I I already have all these things I already have the Championships I already have all the money I already have all this that’s why I walked away I walked this way I carry myself this way versus wanting is just pointing out that you don’t have and he he’s like he’s like you know so from the very beginning I carried myself this way and he talks about like um uh he talks about like uh in rejecting the question somebody I remember once he was fighting Aldo and they’re like on this world tour and they’re just talking mad [ ] to each other the whole time and it was so it got so like kind of was basically bullying this guy verbally and uh one of the they go on some TV show some good morning America type show and they’re like all right well you know we’ve heard you guys say this but okay let’s play let’s do it a little different Connor what’s one thing you you’d like about Aldo or you respect about Aldo let’s let’s change it up and uh he just looks at the guy the Good Morning America person he goes this is not a therapy session I am here to hurt this man and like and whereas nine out of 10 people you’re on a TV show lights are bright you’re live on air and you kind of like I will say whoever’s got the stronger frame is who wins and um in most situations you just accept the frame you’re given the reporter says say something nice to you say something nice and later you kind of think back you’re like [ ] I should have said this other thing but like in the moment you got taken over by their frame one thing I notice about him and the way he speaks is beautiful with words he comes into the thing with his own frame and because of that doesn’t he doesn’t get knocked off course by any questions and often we’ll just reject the questions altogether uh I want to read one quote by the way about the about the Vincent van Gogh thing he said um he goes I heard Vincent van Gogh lost his mind because this that’s happened to me but [ ] it when the gold belt is around my waist when my mother has a big mansion well my girlfriend has a different car for every day of the week and when my kids kids have everything that they ever want then it will pay then I’ll be happy I lost my mind he’s basically a rapper uh you know he’s a poet he says uh he’s he’s taught he’s so McGregor is about to fight the best guy from Brazil and he goes If This Were another time I’d storm his pavela which is like a Brazilian Village he goes I’d storm his pavela and pillage and take what his mind he and his head would be on a stake like he says these phrases and there’s another time where he gets uh where he wins um and afterwards Joe Rogan’s interviewing him and he like I I he must have thought about these lines he says Precision beats power and timing beats speed and he says that really quick and then like as an audience member you like think about that line and like it just certainly you’re like wow that was like that’s a very insightful thing like he says these really insightful things or he’ll say like I told you we didn’t come here to take part we came here to take over uh you’re like the study I’m like dude you’re a conqueror kind of but he’s a very flawed person when I watched a documentary I’m like there’s very there’s a lot of traits about him that I you do not not like he’s done a bunch of bad things he’s hypocritical in a bunch of ways there’s a bunch of things I don’t focus on those because what am I going to take from that I well the takeaway is nobody’s perfect yeah like everybody’s flawed in their own ways the things I do take are the things that are going to serve me and one I remember all right so you know when you go into startup office uh in San Francisco every engineer’s got like multiple monitors it’s like uh it’s kind of just like the flex is like how many monitors you got it’s like you know the sysadmill I’ve always got three most developers got at least two so I used to sit there just on my laptop I don’t even have the big monitor I was just on my little laptop uh and I was like looking around I was like maybe I need a big monitor so I got a big monitor which was just my laptop I plugged it in it’s just bigger say okay should I get a second monitor all right I got a second monitor I was like what the hell am I supposed to put on this I don’t I don’t know I’m not trying to look at two things at once that doesn’t even make sense so I just put and for five years there was one McGregor quote that just was on my second monitor at all times I only used it for this one quote and it just said at the end of the day you got to feel some type of way so why not feel unbeatable why not feel untouchable and um that always stuck with me because it was like I do it just I don’t know it resonated it was like it’s true at any given moment you’re gonna feel some type of way so given I’m gonna feel some way why don’t I choose what would be the best feelings I could choose and I’m gonna feel that way I’m gonna choose how I feel and I just left it there and I just left it there for five years and it really helped like starting yourself could be kind of stressful and most days I would say are like almost like down days it’s like uh it’s not growing it’s not growing fast enough it’s growing too fast this shit’s breaking like there’s a lot of reasons to feel down in a startup and like that one quote changed my experience over those five years so Steve Jobs if you read his biography they someone coined this term called the rat reality Distortion field which basically is like regardless of what the facts were outside of Steve’s brain even though it showed like what you’re about to do is not likely he would convince himself and others that it was possible and they called it the reality Distortion field and that’s cool and all but the reason why this relates to Connor’s when Steve Jobs was doing all this stuff he didn’t have like a documentary as he was going iPhones didn’t really exist and like easy footage didn’t exist the reason why this is cool for a business person is because it’s another example of which that many people have this but it’s a good example of someone who does have this but there’s cameras there catching the whole thing and so you’ll see Connor and he’s about to fight Habib and Habib wins the fight and anyone going into that was like yeah habib’s gonna sock him he’s gonna destroy him but Conor was like he was so certain that he was going to beat him that afterwards he’s crying and he’s like I had planned like here’s how we were going to celebrate we’re gonna like he totally thought that he was going to win when everyone else was no way there’s there’s not a chance but the fact that he believed it so much it was really valuable even if the outcome was the same and I thought that that was really example but let me give you one controversial or opinion about Conor as well as a lot of other people uh in this space I predict that in 10 maybe 20 years but probably 10 I think Conor will file for bankruptcy and the reason I think that is I’ve been you know how like you’ll read about like Floyd Mayweather has made a billion dollars or Conor McGregor made 100 million dollars from boxing I think all of that is 100 fake and it’s absolutely not true and the reason I think this is this there’s this guy named Chael Sonnen he’s a former fighter now an analyst he went on Andrew Schultz podcast and he goes I can promise you that Floyd has never made a hundred million dollars from one fight which is what he says and I think that he is at most made 100 million dollars collectively in his career uh and he goes the reason I think that is when a lot of these people talk about pay-per-view numbers and how much money they’re making you can just say anything like not like the CEO of DirecTV or whoever like handles pay-per-views has never came out and said this is how much money it made like no one says that and what channel goes he goes a lot of these athletes uh if it’s not like you know spoken by the guy who paid the bill it’s just completely made up and they say that to get more and I and he goes I know for a fact a lot of it is fake do you think do you have examples of people who you know who have just blatantly lied like you and I have one friend who like sold a company and let’s just I’m gonna make up a fake number but it’s something like this the headlines if you Google it say 200 million dollars I know it was 12. like there’s like a there’s like I I know of stories like that do you know of stories like that where someone has just completely lied well I can’t think of off top my head somebody personally I know who’s lied I guess the the versions that I’ve seen of this are almost like this the petty crime version of this where they’re like um yeah I sold my company to whatever it’s like you got a job from them right like you know it’s uh like yeah how much cash was uh how much cash was exchanged up front for the assets that there’s a difference um like versus like we you know we sold it to whatever Facebook and then you’re like okay cool you you got you got Aqua hired and it’s okay there’s nothing wrong with getting acquired but like um or just never having done it to begin with it’s like uh you know join something that’s already working and then say uh you know yeah I I led blank at this company right like there’s like lots of like career lies like that I can’t think of an example of somebody who sold their company for let’s say 10 million dollars and said it was 50. I personally I don’t know I gotta ask you which friend we’re talking about over here uh I have a feeling I have a feeling I know who you’re talking about but most I would say I I don’t think they do that I don’t know do is this common um well I think like it’s common to round up which is no big deal because like yeah there’s always like uh little details about it where regardless of how you look at it it could be true I’ll tell you in our case we sold to Twitch um when we saw people to Twitch I’ve said this many times like I gave a presentation at your conference called how to sell a failing company right which was basically saying like we sold a company that wasn’t like Instagram where it was so hot it was the next big thing and then Facebook comes to buy stuff for a billion dollars that’s one type of sale there’s another type of sale which is like a business is kind of working not really it’s it’s okay it’s good but it’s not gonna be huge and you find a good landing spot for it for for the asset and the talent and when we sold to Twitch um there was a reported number that came out that said uh we sold for 25 million dollars we did not sell for 25 million dollars we sold for who got that number uh I know how they got that number which was uh somebody I know submitted a tip to one of the thing one of the one of the news sites or whatever and I don’t know if they put that number in or they asked them and they hinted at some number and like the journalists just ran with it so dude another person which I never told them to do they just did it they were trying to be helpful they were like hey this is whatever they asked for this or they they asked to comment and I just kept it you know I think they might have just been like yeah rumored rumored to me what you’ll know like so for example with our sale there was like some numbers that were on in headlines it was way lower and then there was others that was way higher and I’m like right I have no idea how you guys got this information but what you’ll notice is that someone will write an article TechCrunch will say this was sold for made up number 30 million dollars and then it’ll they’ll say rumor and this other person will say this person sold for this and then you get asked to a conference and your introduction is he sold for this right and then and then it’s like this other person’s like here’s the 30 million dollar bad you know what I mean it’s like well it’s like it’s crazy like this whole just this is just Sprints it’s a spread and it’s it’s completely made up and so whenever I um whenever you see articles about this person’s net worth when I tell people I go look Google this person’s name net worth and every once in a while like I’ve written articles about someone’s net worth like Ross Albright from Silk Road when I like wanted to test this Theory and so my article will came up will come up and I’m other people will Source uh cite it and I go hey just so you know I made that up it’s completely fake and so whenever you read about these other people’s net worth just know that the network things on Google are so far off so it’s laughable I don’t think I’ve seen one that’s accurate to be honest with you I anytime I have any idea about someone’s net worth and I Google it it is so far off it’s actually like just completely misleading it’s a if it tells you one thing it said it’s not that number yeah a process of elimination we know it’s not that it’s last again that stuff but when we sold the even myself I can’t tell you exactly how much we sold for why because the deal has like so many uh different numbers there’s a up front you got this many millions of cash okay cool but then we also got a big signing bonus for uh first for agreeing to come on board and enjoy the team then you got your salary but that’s not part of the deal uh in your normal rsus from the from the thing but then we got deal rsus on top and then you’re like okay so which one is it and then by the time those vested the stock price had doubled so I was like well did I should count it from when we got it right but I made but I received more than the number that that was when it was granted but so which one is it and then for example we had another deal with uh Facebook and Facebook’s deal was one extra year so like twitch was three years this was a four-year deal and so that number the headline number of what we got offered there was bigger but in actuality it’s like well yeah you got to stay for four years to earn all those rsus are you gonna even do that uh you know like some of the rsus we got uh my co-founder bounced after one year so he didn’t even get the other two years so you know which which number was it the number he got or the number that was granted or the number that it was worth on the day that yeah that’s why I said that’s right about what rounding rounding is different because it’s like I don’t feel like telling you it’s complicated and explaining so I’ll just like make something up that’s ballpark or directionally correct do you want to go to some of your other topics or save them um let’s do this AI body doubles thing so I’ve now seen this trend of people doing startups that are I’m calling like body doubles or stunt doubles so first there was a bunch of news the other day about this SnapChat influencer girl named Karen Marjorie and she partnered with some AI company and they created a um an AI version of her voice so her fans could text with her and they could get audio notes from her in her voice uh generated by AI um for a dollar a minute and she made 72 000 the first day off of a thousand users and so on then the news Karen’s a real person right I’m looking her up she’s a real person okay yeah her last tweet uh is a tweet that says because I looked her up just before this to just do you know some research and she uh last week was I love the ocean and then it was just a picture of her butt so so what’s something about content creation from everybody so she like smoking but is that why she’s famous just for being pretty yeah I think she’s cute and that’s like the fame I don’t know maybe she has some other backstory I’m not sure a fellow ocean lover yeah I like the ocean too huh let me try this so so she made 72 Grand the first day the news runs with this why because anything that’s like AI good or AI bad is gonna get like published in close City right now um but there’s other ideas that are like this so I talked about AI Santa I was like somebody needs to make a a Santa Claus through um text-to-speech and then charge people you know 35 dollars forty dollars to come to the website type in a greeting saying hey wish my kid you know Stevie a happy Merry Christmas and tell him he’s been a good boy and he did a great job with his soccer season and like just have Santa say all that so like I think that’s a that’s a business there’s a more General version of that which is cameo through AI so celebrities like the idea of Cameo but can’t there’s a reason that Cameo is all kind of like c-list sort of celebs Cameo is the best place to see which which celebrities broke like it’s like it’s a real-time net worth calculator yeah that’s the best place to go to see who who is a great place to go see upcoming celebrity divorces yeah who’s got bills to pay um Kevin from the office so it’s like there’s a reason why it’s see this because it takes a lot of time like you know uh George Clooney doesn’t actually want to sit there and record you know uh birthday messages for like you know 33 year olds uh it’s not not what he wants to do with this time but if you bought me a cameo by the way Gilbert Godfrey you bought me a cameo and he just made fun of my penis size and yeah a little too vulgar but yeah I thought it was great I loved it I thought it was awesome I thought it was a good wedding gift I couldn’t make it to your bachelor party so I sent you Gilbert Godfrey the The Cameo so I think that what’s gonna happen is celebrities are going to start licensing their name and face and voice to companies who will pay to be able to generate AI versus that and go sell it for them so now you get the residual revenue from your name and face just like slap my slap my face on a bottle of sprite or whatever and it sells more Sprite people are going to do that with can’t like Cameo like Services where it’s uh it’s wish me happy birthday it’s congratulate me on this um and you know there’ll obviously need to be some rules and boundaries around what it can and can’t say but whether Cameo itself does this or a competitor Cameo comes out and does this with AI like for sure this is gonna happen it’s a like obvious idea we’ve been talking about this for a long time actually with like we said that uh somebody should do Cameo with like Pixar characters or like Disney characters and just get the licenses for it it’s the same thing but now you can animate anybody not just a Disney character and before chat chat gb2 was a thing there was another company that we talked about that was doing uh like AI girlfriends and a replica how are they doing do you know they’re crushing really crushing yeah I read an article that they like changed something and that one of their users killed themselves they update the model so like as machine learning improves or that when you know you go from GPT 3 to gpd4 they upgrade the model and then the users are like my girlfriend is different like she’s saying different things to me what the hell and like sometimes it’s censorship like she won’t say this thing she used to say she says she’s not allowed to say that or talk about that anymore or it’s like her personality changed and I’m like heartbroken it’s crazy like people are like you go to the Facebook groups or the subreddit it’s people are losing them the Facebook group is crazy I’ve been on that for since it started and it’s really really interesting I talked to the founders she was really cool really smart woman I think she used to be like a journalist um she was like a she was like a famous journalist in Russia or something and then she had to flea Russia or left Russia and then like reinvented herself and like created became an entrepreneur it sounds like a James Bond villain I like I like the beginning of the story like Russian journalists who flees starts AI company right it’s not Natalia but it could be yeah this is great yeah she she’s really impressive uh I really wanted to invest but the valuation is like super crazy so you you know because because they’re like a consumer AI company that actually has a bunch of traction and a bunch of Revenue which is like pretty unheard of so so the evaluation was was like in the hundreds of millions pretty pretty quickly anyways uh there’s another version of this AI body double thing happening in the business space so people have approached me saying hey we trained AI on the podcast and so now if somebody wants people a lot of people want your advice or whatever um they’ll pay and the AI will give them the answers and it’ll give them it to in your voice in your style and you don’t have to take time to do this what’s the company called that does that Delphi like uh with delphi.com d-e-l-p-h-i.com uh so they’re they’re digitizing uh they’re a digital cloning platform that can capture how someone thinks making their knowledge experiences and opinions available to others in a personalized way do they need your permission or no I would think actually no I think eventually they will so like you know they can get away with it you know right now and with a certain set of people but like if they get big and you realize hey they’re using my name my face my voice and charging other people for it I’m getting nothing you know that’s just like lawsuits waiting to happen so that they you know the email basically asking like hey are you down for this uh like he was like hey I took your course I helped me land a job at my like thing and then and then I started writing viral Twitter threads based on the what I learned in the course eventually my startup got acquired last week and blah blah blah I’m doing this new thing I was like wow that’s this is crazy digital digital clones to AI clones of people AI body doubles I think this is a interesting little Trend to watch it’s gonna happen I’m I think the next two years are gonna be wild I I don’t think they’re going to be as wild as people think but I think it’s going to be wild I think darmesh said something like it’s not going to be as bad or as uh great as you think and I kind of trust him because I think that he’s very he’s he’s one of the few people that has like an IQ high enough to understand this but also has like a ton of EQ and like understands that like how people work he’s not super biased necessarily like uh if you listen to the guy who runs open AI tell you you know it’s pretty safe it’s like well you do have a bias that what was interesting was darmesh so a HubSpot darmesh is the CTO of HubSpot um darmesh but they had an earnings call like three weeks ago or two weeks ago and he doesn’t talk much uh on the earnings call he’s not the CEO um but someone asked the CEO about Ai and she goes I’m gonna yamity goes I’m gonna let dharmesh uh say what he needs to say and he gives it gives his Spiel and he gave almost the exact same Spiel that he gave on our pod where he like explains it and then if you go you can go and look at the stock since he did that talk and I think it’s up 15 or something I think it was like 420 or 400 a day before the earnings now it’s close to 500 today and then Baron just came out with an article that said something like HubSpot is uh you know we think that the companies that are going to kill it with AI aren’t AI companies but big companies that will use AI for example HubSpot this this and this and what’s really fascinating is he’s on this pod telling us his opinion about it then on this earnings call this Banker asked about it and it’s like man we have access because of Twitter and all this stuff we’re able to see like what’s happening in front of our eyes and it’s very very very fascinating to see like how he’s handling all this like they said he he basically told us how he started chat spot which is like an AI thing within HubSpot he’s like this is what we did and it sounds so simple but then he like talks about it a little bit more like corporate speak on the analyst calls and right you know created something like a billion dollars worth of Enterprise Value uh amongst other things but right so it’s like really cool to see all this happening uh in front of everyone I wonder what he does after the call he’s like well I guess my work for the day is done generated a billion dollars of value for the company okay uh you know actually after you sold the hustle to HubSpot I uh tuned into their first earnings call because I thought you might be on there just what’s up fam uh yeah Sam here are we doing we’re doing [ ] great what do you mean yeah yeah there’s all these dumb companies out there Sam leading the earnings call dude there’s one earnings call shout out to Marathon Ranch all of you analysts are welcome you guys will see a new tattoo with my dog on my leg [Laughter] one time before one of these calls he went into like the the slack of HubSpot and he goes all right everyone I’m gonna say the word I forget what it was but it was like penguin eight times on this call and so I was like oh [ __ ] I gotta listen to this until I tuned in and he said the word like he threw it in and I’m just like so funny like this guy he’s the best man this is this is my type of guy just like he’s he’s winning the game but he’s having fun he’s having fun I’m a big fan of him um I think that’s it is that the pod that’s it that’s the pod foreign