Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en one interesting thing that i found so what i like to do is i like to find out who um is buying different parts of real estate or different real estate so i go to the realdeal.com and there’s this one segment called yolanda says it’s like this fake author name yolanda he goes i heard a rumor that this person’s buying a house the owner is this this and this yolanda hears that um they’re gonna offer this much money i have no idea jolan is a fake person right it’s just like a blog a blog website gossip blog yeah for real estate mostly in new york and la though so they’re kind of famous famous e-purse people doing it and what i love to do is find out who bought who’s buying the real estate and then i go and research them and the reason why is one of the best ways to figure out if someone’s actually wealthy or not is by the real estate holdings that they own that’s one of the few things that it’s really hard to fake i mean you could fake it but if someone has bought a 20 million dollar home the likelihood that they’re worth 100 million plus is incredibly high um you know it’s hard to like that right and so real estate holdings is one of the best way to get an indicator of someone’s wealth or it’s a great way not the best way but it’s a great way and i found one that interested me a ton this guy’s name was brian carringer and he uh bought a house in malibu in 2019 for 20 million dollars i hadn’t heard brian i know a lot of internet entrepreneurs um i hadn’t heard of them so i researched them and this is the guy who started dictionary.com kind of a crazy thing when you think about it because who really thinks of dictionary dictionary.com so in the 1990s this guy started uh in 1995 he started a business called lexico publishing and lexico publishing owned the thesaurus.com and dictionary.com and he bootstrapped it and he grew and he sold it in 2005 to iac for a hundred million dollars and then uh two years ago iac sold dictionary.com to dan gilbert you know dan gilbert quicken loans yep he sold dictionary.com for uh or they sell dictionary.com for a hundred million dollars so they they didn’t do a very good job with it but dictionary.com gets around 40 dictionary.com and thesaurus.com gets around 40 million uniques a month and does about 20 million in revenue and they have barely any employees i i believe dozens of employees it’s incredibly fascinating because this is the one i call it how do they make money it’s just adsense or is there something else just ads i feel like i can rule the world i know i could be what i want to i put my law in it like no days off on a road less travel never looking back