Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
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Kind: captions Language: en have to buy a hundred hours of its time at 250 an hour so what does that mean I want to get your opinion on this just give me a dumb or awesome the websites called human IPO app these guys are doing a very fancy branding around an old idea so what it does is I can go I can go do a human IPO so I'm Shawn I go public I get a stock ticker which is like you know sha or whatever and I basically IPO off a share of my time so I can action off up to 500 hours of my time that you can book from me at a certain price and then if people think hey you know this Shawn guy he's on you know he's on the way up his time is gonna be more valuable in the future I'm gonna buy a unit of this guy's time I can either hold it and trade it later at a higher price or I can I can I guess use it to like book an hour of my time so this is the core idea on the website now it's incredibly interesting tell me what you think of it for sure interesting for sure innovative in while and whoever invented this is a nerd and I [ __ ] love those types of people logistically I just don't think it makes sense because well so I can buy Brian's time well so if it was I'm looking at this right now I don't understand why they call it like it's they're really just rebranding just like expert networks and consulting like it's just like dude something screwed so I think clarity fm it's the same thing [Music] definitely cool highly unlikely to work right that's what I think I think this is like an art project that's me this is I don't know your how did you find this I saw it on my think product hunt and I was like yeah I've been following I think I talked about to some of the previous things I've been following these personal I SEOs personal personal coins that people are creating in the cryptic note this is not crypto but it's the same idea and I think it sort of has the same pros and cons I think it's like kind of exciting in a way to like bet on people and I think it's kind of lame in the way which is like what do I get I get an hour of their time like no on this you have like this guy I just clicked on you turn is that wait is a 25 grand or turn 50 grand I didn't hear exactly you said but you have to buy a hundred hours from him at Tutor and 50 so that’s 25 or 25 grand yeah so I but like I don’t think like if I was this guy and I just sold a hundred hours of my time I have a feeling that I would bail on a lot of that yeah so one one piece is are you actually gonna fulfill the second is so what am i doing it’s actually basically like a freelancer selling blocks of design time or programming time or consulting hours or whatever it is okay that’s cool maybe first really special unique people that works I don’t think this is that interesting overall the ones I think are more interesting are the ones where you actually get a piece of their earnings over the next X years let’s never do that a million years I know but some people would some people would say cool I’ll take you know it’s like people who raise money for their company right they’re selling off future earnings for capital today and some people might want instead of doing it for your company you might do it for yourself so I think it’s interesting I want to see somebody like I’m gonna sign up for use case I’m gonna I wanna but do you know these guys can you introduce me can I be what are these people that they that can I sell hundred hours it seems it does seem interesting I’m just just from like a like an like an innovation perspective like it’s just so weird interesting I would love to I would love to try this you [Applause]