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 he tells me he’s like you know i just expanded the vision for for what i’m doing he goes um this is eventually going to be the next blackrock bigger than blackrock i think i can be a trillionaire in the next 50 years oh my gosh [Music] all right um what’s going on uh not too much dude we um is the last episode the ryan holiday one yeah what did you think i wanted to debrief that real quick because i thought he was um really great uh i said i think i said this maybe i don’t know if it was on air if this was afterwards but he um he felt to me like one of the happier more calm and peaceful people that we’ve ever had on the show uh he just had this vibe about him like he wasn’t um like a lot of people come on the show and they try to put on a show they are trying to perform or they’re trying to kind of play up something they’re trying to sell you on something they’re trying to uh present themselves as bigger than they are and it’s not just on the show this is life and uh or you meet somebody and they’re kind of like you know they have the disease of more more and more and i know it because i i have it myself in many ways where i kind of want uh you know more success more whatever um and i just felt like he was a guy who was curious about certain things like to do certain things but didn’t have this like he didn’t seem like an itchy person didn’t say there’s all these itches all across his body that he was trying to scratch he seemed at ease and i thought that was just like one thing that i don’t know if it comes across on a podcast because you’re listening to it or you see the guy you don’t necessarily pick that up but that was the one thing that stood out to me i think he’s really like that i’ve uh i’ve been friendly with them i wouldn’t say we’re like close friends but friendly for a couple years now but neville and noah are all really good friends with them and they said that like he pretty much just stays at home most of the time and like if you want to see him you got to drive out to his farm and like he’s a homebody and he like just knows what he likes and he and he does it yeah i thought it was interesting because his reputation at least for me in my head right the image i had in my head was this guy’s like this internet marketer growth hacker which is like usually one breed of person right like there’s like that comes with a certain certain package usually and then you know we’ll have this like kind of he’s an author and then he has like uh but his books are all about like kind of interesting things right he doesn’t writing boring normal calm books he’s writing like conspiracy and how the media is messed up and then like you know trust me i’m lying right like these provocative books and then he had the daily stoic and i was like oh okay reminded me a little bit of like you know like tim ferriss i think is kind of like this where tim ferriss started off you know selling brain supplements which is again like an internet marketer type of thing you know it comes with a certain package to create a brain supplement company uh then second to that was like an author and then you know now is like extremely zen and like into mindfulness and detoxification and digital detoxing and moving away from san francisco and you know was just trying to get away but like even peop usually when i find people who are gravitating towards things like meditation and stoicism and um you know micro dosing psychedelics they feel like they’re still on the search for that calmness he felt like he found the calmness and that was kind of the distinction i think i was envious of him for two reasons the first was he said that he dropped out of college because he wanted to be a writer and he is a writer i was incredibly envious that he had found what he loved and he found it very early and he and he actually same thing with his wife he said he met his wife and he was 20. they’ve been dating since they were 20 or something like that right this guy found love early i was envious of that and the second thing was he did not maybe not envious but what i learned was he did a really good job of basically you know you and i talk about ideas and all this stuff and we know a lot of successful people but at the end of the day once you get past a relatively low point it’s about being happy and he did a really good job of putting that into perspective you know even your addiction i would say like yeah you know it’s one thing to say it we all say it it’s another thing to actually do it and uh you know it’s like oh so okay you got this money you made this money doing this you know you made this money are you using that to parlay your fame and whatever into more and more no i like writing so i keep writing right and it’s like um do you okay you you know you what do you do with your investments are you in crypto trying to hit the next big home run i bought a bookshop it’s like oh [ ] this guy’s extremely grounded so rob dyrdek made one line on our pod that always kind of stuck with me so he’s like this happy guy but then i made a comment like yeah i think like i didn’t know that you’re gonna be this big and he goes yeah like i’m on my way to becoming the billionaire like i deserve and i thought it was funny that he’s like he definitely had a chip on his shoulder and he was like more and more and more and more and more which isn’t bad that’s very human but that was interesting and i almost felt like ryan didn’t necessarily have that we have a buddy who texted me yesterday uh he’s you you you don’t know him as well but uh i think you can mention him i don’t know maybe i shouldn’t say his name because it’s a funny funny quote say it say it and then say his name then bleep him texted me and he goes uh you know he tells me he’s like you know i just doing he goes um this is eventually gonna be the next and i was like he says it with a straight face he’s not like joking which is uh you know amazing and delusional and amazing again right that’s like those that’s my that’s how my brain goes i’m like wow then i’m like wow that’s delusional then i’m like well you know great you know good for you that’s what gets that capable is he capable pulling it off yeah like i i said this early on i met him when he was like 19 or 20 and i said of all the people i’ve ever met if i had to bet my life which one of these people who today is worth less than you know five million dollars will be a billionaire i would have put my life on the line on him because i was like he’s singularly focused on just that so it’s like you know michael phelps woke up every day and swam like for [ ] three hours and then 18 000 calories and then did that for like 12 years straight and didn’t take a day off so it’s like yeah when you devote your life singularly to a pursuit whether it’s swimming laps in a pool or it’s becoming a billionaire you know that already cuts you away from 99 of the population that wants to be wealthy but also wants to be you know in a good relationship it also wants to be this and also wants to have fun with their friends and go out on the weekends it’s like he cuts out all that so you know i think it gives him the odds on top of being a very smart capable guy right like he’s already amongst the like high iq people then within that he’s got an obsession on money that very few people have let me let me please play devil’s advocate or as my other favorite podcast calls it devil’s avocado let me play let me play devil’s avocado here for a second who says that so uh michael bisping said it is all that goes double doubles avocado yeah so uh of two things one i’m reading this book or i already read it called spor recently called sports gene and they basically talk about genetics and they’re just like look like the closer you live to the equator the longer your limbs are and the shorter your torso is and that just makes you like 15 percent better runner and what that means is like if your legs are longer that just means that if if we all work the same and the best people from who don’t have long legs and short torso some of them definitely can compete but like you have a fifteen percent edge and when you’re talking about gold medals and being the best in the world that fifteen percent is like a world tenth of seconds on things you know that helps yeah they’re like that that’s just so it’s like it’s like it’s like a giraffe versus a hippo or you know something like that like that just matters and so one becoming like a billionaire which is an outlier like i actually think that like you can kind of sweat your way to like maybe 5 or 10 million in a lifetime but becoming a billionaire and this huge outlier i think it takes like a particular type of skill like you just genetically predisposed to have it in your favor and i think that matters you’re not saying this kid does or does not have it but i think that it’s more important than just like training for 12 hours a day i think that just being gifted genetically is more important than hard work uh to be the best so you need both second you you know like i all i definitely believe like the whole pull yourself up by your bootstrap thing but in order to be like let’s just call the threshold a billion in reality it’s probably like 200 million 100 million like there’s so much luck that needs to be involved on a macro level it’s like which country are you born in but on a micro level it could be just like well like did you just me happen to do do it with your friends in college you know yeah or are you able to stay healthy um did you not fall in love and meet someone like right you know what i mean like there’s all these tiny like luck things that really matter like jeff bezos like did his mom i think wasn’t he adopted yeah he’s adaptive so like that is like a oh it’s a big decision but it’s like a relatively small like decision it’s a yes or no decision that changed everything totally or did you decide to go to princeton versus stanford like it’s uh and you know jesus would have been successful no matter what but there’s a difference between uh this guy made 10 or 30 million dollars in his lifetime versus became at one point the richest man on earth or the richest man ever to walk the earth or whatever you know like there was a the variance so to me success is very success has success itself and the yes or no has very little to do with luck the magnitude of success has a lot to do with luck but that’s why i was saying you know i’m i’m creating a funny hypothetical which is of people who already are not already in a good position financially like under five million net worth let’s say they’re not they don’t have some edge there where they’re just gonna invest their way to success of those people who haven’t already made it who would i bet is most likely to make it well i agree with you that if it was the field versus him i’d take the field but uh what am i going to bet on like for example i think you could say like our buddy jack smith i think you could say you know jack is a quirky curious guy who’s actually not obsessed with money at all but just like really into what he’s into and it’s usually off the beaten path that’s gonna usually win in a way and he’s super smart also right like they’re still in the top one percent iq or whatever um that’s going to have a good outcome i believe that but um but you’re kind of betting that this guy’s luckier this his magnitude of success is gonna he’s gonna have more luck than this guy and i think you could kind of tell who’s gonna get lucky or who’s not but it’s really hard to place it like who would you bet if i told you that same situation i don’t know if you have a name but before somebody had a bunch of money who in your life did you run into that you’re like all right if i had to say who’s going to become a billionaire in my life this is who i would pick i mean when i met moyes ali he didn’t he had sold the company and he probably was worth less than five million dollars and immediately took a few days of meeting him like oh uh you’re a shark and what what was it yeah shark is a good word what what it was a shark he was had a singular focus i mean he was customer focused but singular focus he’s like really high intensity very high intensity singular focuses focused uncomfortably intensity i’m uncomfortable protect him yeah uncomfortable and also he like he was a lawyer from harvard so like top of the top at the top yeah and then his brother is uber successful so i’m like there’s no reason why you should screw this up and so when i met him that i thought was hilarious he has these great one-liners moy said something that was like um you know like i don’t know some people were put you see usain bolt and you say that guy was put on earth to run um you see this person they were put up michael phelps you see his body he was put on earth to swim i was put on earth to do one thing increase earnings per share [Laughter] he always uh he he like one time he told me he goes you know my worst the worst phrase i hate on earth is when i hear it it makes me cringe and i run the run the other way blue chip stocks he goes do you want to talk about words that i love uh what did he call it distressed assets distressed asset that’s what he said he goes he goes the two most beautiful words of the english language distressed assets and he said that i was like oh my god one time i heard amazing one-liners one time i heard him uh one time we met with this person who has this vitamin company that’s doing really well and he was being really cordial and nice and everything and just saying hi and then this person walked out the room and he looks at me and he goes that person’s business is one google search away from me ruining it it’s like that’s one google search away from me copying their company because he’s like the formula is nothing and that was like that was the first line that he said he is really he’s a poet um all right i’ve got an idea so andrew wilkinson texted me because he’s in my str group str stands for short-term rentals my latest obsession we’ll see if it sticks but very interested in it and i think we need to rebrand that by the way way too like std you know like does anybody know what an str is no i don’t why don’t i just say dorks you know my like real estate or airbnb you know or whatever vacation rentals dude here’s the truth i made this group when i was going to the bathroom and i just tweeted it out and you’ll notice the picture is just a boot that’s just because i just like googled as like i googled something you know like this is a shoe yeah this is a shoe i don’t remember but that was that picture was available which goes back to your uh your point you did a long time ago that people got really upset with you we were like don’t think about a name or don’t buy a domain a good domain or something you said something like that that people got really pissy about and you were basically saying don’t let that don’t let figuring out the branding and the name hold you back from the thing which is like getting it out there yeah yeah so that’s what i did i like did it like literally when i was going to the bathroom this was like a literally a two-minute thing and it just is what’s it called sam’s str crew no i keep wanting to say std so 1200 or 1500 people you know what i think i could do i’m not sure if i’m going to do this but you know what i think i can do i think i could turn this into a newsletter business and i think it could be like a really good business and i’m going to explain why have you ever heard of och davis the headphone daniel ock no okay so uh look up daniel ock uh i think he’s like probably worth eight or ten billion dollars so och davis is like a famous hedge fund this guy like is i think that um i’m almost positive that when elon musk got shorted this guy was one of the guys and he sent him like a pair of shorts if i remember correctly and so it’s this billion-dollar multi-billion dollar maybe 40 billion dollar hedge fund anyway it got started because the davis was this guy named ziff davis who started um oh sorry his name was bill ziff who started zif davis publishing company have you heard of zif davis no okay so zif davis was a basically at this point it’s still around it has a five billion dollar market cap it does over a billion dollars in revenue it’s been around since probably the 60s it’s got it got its start because it owned magazines in a ton of different super specific but uh high-end industries so for example they owned the most popular magazines on popular popular electronics sailing flying they own this thing called mac week they eventually started ces which or they started um it was called one thing and then it now is has become ces um masasan started cs now masasan bought it from davis okay and so he like it was all niche publications and it’s still a business and i think i could do something like that for strs where you create an empire based on like things that aren’t exactly side hustles but have like serious money going into them for example this industry probably isn’t big enough but i’ve been a bunch of people that have like they’ve bought like 10 cars just for like toro and and all that kind of thing and i’ve also and so that’s kind of intriguing to me like i just think that like something can be done here there’s this company called the penny holder which is sold for like a hundred plus million dollars and they basically wrote blog posts on this and they drove drove traffic to it made money but anyway i thought that was interesting and let me tell you one last thing have you heard of this website called speed test speed test like the uh internet speed test yes yeah of course i go to it all right all right that’s owned by ziff davis oh no way so check this out on similar web it gets a hundred million visits uh a month in there if you scroll all the way to the bottom and you click a button that says advertise that’s what you always want to click for these types of websites and it tells you all about their traffic according to their website it says they get 10 million visits a day and away the tricks of the trade here on how you get these numbers i am and so it says they get 10 it says they get uh uh i think it says 40 or 50 million monthly uniques but 10 million total visits right now go back to that home page ben well i’ve i always have ad block on so this is my first time seeing it with ads dude it’s like so there’s a button that says go like test your speed and then this oh it’s like it’s like it’s like an army it’s like you’re surrounded there’s nowhere to go you are gonna look at these ads there’s a mailchimp add up top and on the right and on the bottom and on the left there’s a ufc so look at this that’s one two three four five ads right there i don’t know what like the current cpm is on google but let’s just say that all of those because this is like a relatively high end potentially market let’s say that’s 15 per cpm it could be 10 but i bet you it’s between 10 and 15. on 10 million visits a day that’s 50 million dollars a year just on on this these ads plus go to the top right then and click where it says developers they also sell all these solutions so you can like test the internet speed of i actually don’t know like why anyone would use this there’s a world where like this is a two or three maybe 200 million dollar your business just from this simple ass web page that’s wild and there’s also i think who who came out with a competitor i think netflix did or somebody speed.com yeah yeah uh yeah somebody came out with that as well but i think this one’s like pretty entrenched it’s it this would i i looked up if you like there’s some websites that they’re called um i forget what they’re called but ben if you google speedtest.net or wherever the url is and then the word revenue there’s all these websites that tell you how much your traffic is worth and like they’re not really that interesting but they kind of are this one it says a billion dollars it says there this url is worth one billion dollars like a mobile version of speed tests like is there an app that just you open it up it just tells you how fast your internet is right now and so ios widget you can just leave that open all the time great question so i in order to get all this information i went and read a lot of z2 zip davis’s annual reports and they just acquired a company that they want to integrate into this company that does that for mobile so they’re working on it but clearly there’s opportunity here yeah that’s funny um yeah the thing with speed test is like any uh it’s like they get free customers because any time somebody like if you call your comcast or whatever they’re like hey can you go run a speed test go to speed test and they like send you the link and so it’s like it’s like every troubleshooting it person like sends you this link so that they’re not like paying for customers they get it for free that way which is an interesting which is interesting but you kind of said two things so you’re so ziff is interesting but then you were saying what could i do with str so there’s kind of like let’s say three paths there’s um default do nothing there’s path two which is okay i keep this facebook group and i just actually do the short-term rental which would be like the equivalent of the alex hermozy guy or whatever doing like building out more gyms right so it’s like well you can actually make a lot of money if you just do the short-term rentals and just use that information put your energy there or you can put your energy towards building the community and the content around people who are interested in short-term rentals and there’s clearly appetite your thing’s at like a thousand members and there’s like super valuable interesting content being shared there so clearly there’s value in either a paid community or a paid newsletter plus a paid community or something like that um how do you think about which one is like a good thing to do well i might do the first one which is do nothing i didn’t create this to build a business i did it just because people were reaching out to me i didn’t want to talk to everyone and i needed a way just to like communicate but if and maybe if i want to but also maybe if i never want to i think the way that you go about this is you do like a i would do one of two things i would create either a weekly or a bi-weekly newsletter that explains the news that impacts this business and regulations followed by i would do what you do which is take like the five most interesting tweets from the week of str’s and i’ll explain my opinion of them i would do that and then i would also create a um a paid tool so i would create the best sheet so like whenever you like look at these properties you create like a sheet that like you put your inputs in yeah yeah and then and then it would say like look like a lot of people are current what we’ve noticed is that currently people are getting 20 cash on cash returns so if above you know do that it below don’t do it and here’s like how your math should look so i think you could create something like that and and sell it for maybe three to five hundred dollars a year and then if you wanted to you do a higher end thing like ten thousand dollars for people who already have three or four airbnbs and it just you talk to all the experts who have scaled this up successfully to like 10 and 20 units and done it relatively hands off and i think you could charge two to five thousand dollars for that yeah yeah i think there’s a ton of options um so yeah i think you you’ve stumbled into a very a very cool niche that you’re genuinely interested in so i think you know it’ll play out how it plays out it’s cool right it’s very cool yeah it’s one of one of the more interesting little things that uh that i’ve kind of seen one of our friends doing recently yeah i think it’s intriguing i have two silly ideas for you so silly idea number one um so i was looking at so remember the guy from liquid death came on and he came on i don’t know when that was maybe like a year ago or less than a year ago no i think it was like two years ago and and because i i i wasn’t doing this thing two years well you’re right uh but i still had an office and and we closed the office a while ago but he and we were i thought we were late he had raised like 20 or 30 million dollars i think the other day he raised like a hundred or like something crazy so it’s just continued to do super well and uh and i’ve just seen a bunch of like kind of like different water water beverage companies by the way did you see this this funny thing they have this kind of tangent did you see this uh so austin reef tweeted out um the guy that guy from morningbrew he tweeted out uh you know hey you know the rock is gonna become a billionaire off of his tequila did you see this tweet yeah and then the rock replied so i’ll explain it yeah so he goes rock’s gonna become a billionaire from uh from this tequila and um he goes you know ryan who is oh george clooney george clooney’s casa amigos was sold for 1.2 billion and was doing like 170 000 cases the rock is already doing like uh whatever i don’t know it was like three and a half times that so uh you know the rock’s doing whatever no public math ex more uh cases he’s going to become a billionaire off this business and the rock replies which is kind of amazing because the rock is one of the most famous people on social media period like in the world so pull ben pull that tweet up um by the way this ben screen sharing thing uh in the words of sampar can you say game changer so make that little bigger and we need a name you know like powerful young jamie we need uh you know like powerful mormon ben we need like some so some killer nickname for you could you uh just make the font bigger so i can see it all right there we go so he goes so dwayne johnson replies and says uh the following let’s scroll that down okay cheers austin emoji of a tequila glass i don’t know about that first line lol but i can speak to part to the parts to i can speak to the other parts of this tweet blushing smiley face like the rock is flirting with him and he goes uh our projections to one million cases is pretty mind-boggling and expedient which i just like when he said expedient i thought it was so funny i was like yeah he’s right about a left field and he goes big exciting big comment exciting taramana uh announcement coming next week stay tuned man picture emoji of the earth and then emoji of a fist brown which i don’t is that the symbol of tarabana i don’t know uh like i lost it wait what what were you even talking about in the first place anyways okay so i’m talking about wait let me tell you really quick yeah austin texted me and he goes hey some kid that we just hired at the morning brew said he listened to your podcast and he said because austin asked this new guy like all right now who else should we hire and the kid goes uh well they’re in their employee onboarding they they say we just hired you who else should we hire which is like a guy raises yeah and this kid raises his hand and goes i listened to this podcast with this guy named sam parr i don’t know what he does for work we should hire him he goes he seems like a pretty good podcast podcast host maybe we should hire him yeah and just the other day sean got an offer to be or like asked to interview for the head of digital for playboy enterprises and i’m getting offers that morning brew like to be a staff writer yeah to be a they want me to be a junior associate writer at morning brew or i can uh become hedge digital at playboy enterprises who comes out on top uh what’s your reaction to the uh to the job offer what do you think about that you know like i’ll have to talk to my family we’ll have to talk to my family and i’ll have to see you i’m excited to announce my next chapter that’s so funny but um by the way at one point i remember uh when i was running my startup this was one of my like i thought this was fair game all’s fair in love and business but uh but i think other people would think this is like completely unethical i told people on my team i was like oh yeah you should uh go interview or maybe even just [ ] go work at one of these companies like you know while we’re building this thing for the next three months like go just find out some information about these other companies that like are like they’re not like our direct competitors but like if i knew information it would be quite valuable to me and uh i remember to me i literally i literally didn’t even think twice about it which is like you know maybe where my moral compass is broken i remember and like half of my team was like oh great idea and then one person was like you know i don’t know if that’s the best idea and i was like what why what did i say and then i like realized i was like oh yeah i guess that could be seen as kind dirty i guess so you know i was like oh whoops my bad never mind if i if i ask you to do anything that is considered bad cancel uh cancel the ball well the other tactic is you just um try to recruit the other people’s team not intending to hire them for a particular role and you say like super high salary yeah yeah and they’re like well why would you consider leaving this company oh you don’t like how it’s run what what don’t you like about it right i definitely talked to ex-employees so i’ve done this twice i found somebody who worked at a place before i’ll call them up and usually like somebody who’s like you know left the company they don’t really mind sharing they’re not sharing like confidential information but like they’ll tell you like you know we thought initially we thought about things this way but then we learned this like i i saved i remember once i just pivoted my business because we were going to do this one thing and then um i talked to this guy and actually it’s funny because this actually played out i was building a thing that was getting really popular amongst teens doing group facetime so this before the iphone let you do groups and um and so it was like we kind of started to grow really fast amongst teenagers and i was like how has nobody thought of this before this is not like a new idea just like oh instead of phrase time group facetime and so i went back and i talked to the i forgot who was like there’s some app that like had blown up seven eight years before that before house party so we did this and house party was just starting to do the same thing and i wouldn’t talk to somebody from like vauxhall or i forgot what they’re called there’s like some app like that that like you’ve done this before and they had gotten pretty far like they had raised like tens of millions of dollars they had millions of users they were like sponsoring concerts that like teens were going to and be like oh download our app and then group facetime yeah group facetime when you go home and like it was like the thing and it like didn’t work so i asked the guy i was like hey i’m kind of building group facetime now like what went wrong for you guys and he’s like buddy let me tell you here here’s how your future is going to play out and he basically described kind of like word for word a bunch of things and i was i was like and so in my head i’m thinking it’s good input it’s good feedback a good like real world data do i in my mind do i have a compelling counter argument to why my fate is gonna be different than this person’s fate and i did not and so i was like yeah i think the things he’s saying i have really no like i think basically his like main thing was it’ll grow but it won’t stick and you’ll never make money and it won’t which was like the whole whole point of the clubhouse thing yeah which is very similar to what ended up happening clubhouse before clubhouse house party so the guys who created meerkat they pivoted to house party house party blew up vcs are funding it tens of millions of dollars doing group face time and i remember telling one of the vcs who did it i go hey here’s why we pivoted away from this like just a couple months ago even though we kind of had similar like pretty explosive growth was i saw some problems with churn i couldn’t think of what i would do to mitigate it and then i talked to this guy and he was like yeah here’s the problem they’ll come home from school he’s like he’s like there’s this there’s a sweet spot in age where they have friends but they don’t have a car and so they come home and they’re like trapped so they just want a group they’ll just like go home go to the room and just call their friend for like six hours straight he’s like let me guess dude so in your data you’re seeing six hour sessions i was like yeah we are and he’s like yeah cool you that’s normal and i was like oh i thought we were special he’s like no that’s exactly how they’ll use this and then they go to car and then they’ll go to college when they go to college their freshman year they’ll use this ton with their friends from high school and then they’ll never use it again because they don’t they stop talking to the friends from high school and then in college their friends are all around them they don’t need group face time and then they become an adult they never need group face time he’s like so why why did these get funded then uh because you see the chart you see growth like we were saying you see six hour sessions and you say uh is this the next week’s social network maybe this is the next snapchat next tick tock and so you bet and like sure enough house party sold for not a lot to to fortnight basically in the end as like a team and technology acquisition and that never saw the light of day again like it didn’t work out um but you know i i think other people should do what i did which was talk to the past competitors and they’re always going to have like they’re always going to be jaded so you know they’re never going to say this will work because their [ ] didn’t work and they think they’re smart but when you hear their argument from what went wrong you say does that match my data and experiences and then secondly do i think anything has changed is the why now any different um and in my case it was not damn that’s crazy man we gotta we gotta like when i see some of these things get invested i also get intoxicated into them as well i’m like oh wait this is not going to work yeah consumer’s just so hot honestly it’s still a fine bet like somebody was saying this when i did that clubhouse thing and a bunch of people were like i think that’s true that i think that’s how it’s going to play out a couple smart people pointed out like look these guys invested i think they invested like a hundred million dollars i think i think andreas invested 100 million dollars at a four billion dollar valuation for clubhouse at its peak and like since then the chart just shows it going down down down but they’re like you know their fund is this big so this is like it’s not it’s not a it’s not a like majority it’s not like they’re betting the house on this they’re betting like their normal size bet it’s just a big number to you secondly it’s a pretty binary option like this is either gonna go big and this is gonna this price is gonna look cheaper it’s gonna go to zero and if it goes to even if it goes down they’re gonna be able to sell this for something and they have preference so they’re gonna make back you know if this thing sells for 50 million dollars eventually to twitter or whoever you know they’re going to get the whole 50 because they have like the they get the money first so they’ll make back their money first and so like you know like on the whole it’s not that bad of a bet even if it doesn’t work out and if it does work out you know you’re a genius and great you’re you know everything worked out great so so yeah it was whatever yeah i was going to tell you an idea yeah well you’re interested in my ideas are on a beverage company okay so i was thinking about i was like damn everybody’s done every variation of this that’s like bottled water boxed water liquid death is water even hand that looks like a beer logan paul has one there’s vitamin water there’s non-vitamin water there’s flavored water there’s sparkling water and then there’s like 10 of each of these right i was like what what haven’t people done what’s the and so i came up with this brand and this is free for anybody to run with um just ketchup what’s it like hot dogs put your boys in cut your boys in uh if you do this i’m calling it felix falicious um which is i don’t know if you ever read harry potter but it’s basically this potion that harry gets he wins this thing and the professor gives him this potion and it’s like you get one drop of this and it’s it’s going to give you great like good luck for one day 24 hours you’re going to have everything’s going to go your way and the potion was called felix felicious or something like that or felicis i don’t know how you say it but like in my head when i was reading it i called it felix felicia so we’re going to go with that so basically it’s it’s good luck felix and it’s like you’re one lucky cat i don’t know i bet i’m just butchering the pronunciation and i don’t know what it is but what a great slogan that you just came up with as we built this brand in public here it was delicious you’re one lucky cat and um and the you know the brand it’s basically it’s water that’s infused with things that give you good luck i don’t know what that is it might just be good vibes it might be like some crystal uh like you know that goldschlager liquor like there’s like some flakes at the bottom that are your little good luck charms um this comes from you know the himalayas it comes from whatever the luckiest place on earth is i don’t know what that is we’ll find out that’s the idea it’s just placebo water and it’s openly placebo water but you know what i like when i feel like i had a little good luck charm at the start of my day i like the idea that hey you know i got that big test today if i’m what am i going to go grab vitamin water or lucky water i’m gonna go i could grab the lucky water if i got the test just in case just in case i’ve heard a lot of ideas on this podcast and that is definitely one of them that’s that’s what i would tell you about that my second silly idea is again another great name it’s called galimony what’s galimony you ask galimony is alimony for your girlfriend so here’s the deal let’s say you’re a girl you’re dating a guy who’s super into crypto right yeah he keeps talking about ethereum and bitcoin and z cash and the next big thing he keeps telling you that 3 is the future and you know smart contracts and the dollar is going to crash he never needs to talk to a lawyer again because of smart contracts you say that’s cool actually i have a great smart contract idea for us and she he’s like oh i’m so glad you’re finally getting into web three this is the future you’re like yeah it’s the future for sure um hey why don’t you just use your metamask to log into galimoni and what you do is you put up one either and if we break up i get half it’s basically a divorce for non-married couples where the boyfriend is obsessed with web 3 and you’re the girlfriend and you’re like how do i profit off of this guy’s annoying obsession that’s actually galimoni smart contract that would go viral and you just both lock up your you both lock up your earth or maybe he locks up your ear he locks up to each and it’s actually actually here’s okay let me make it better let me just riff with myself here this is a one-man brainstorm okay he puts in the eath the eath is never at risk so because you know maybe he’s like why why would i take this deal you say the eath is never at risk my friend if we break up you’ll always get your eat back but while we’re dating this is gonna be automatically yield farming interest and i get to keep the interest on this thing because i’m putting in this time dating your schmuck ass who’s gonna be obsessed with web3 so put a little collateral up it’s gonna be farming we get to have a web3 experience this is the future am i right that’s what i would be doing if i was dating so so how does she get paid she like clicks a button says smart contract actually maybe it’s tied to like your instagram account i don’t know maybe maybe both sides have to confirm that you’re broken up uh yeah but why would i ever confirm that because then you start dating the next girl i’m just gonna send her this link that says he signed in with a cryptographic signature that only he could do with his private keys saying we are not broken up and so you know you kind of need that proof of proof of relationship to be accurate otherwise you’re leaving a little liability out there by saying with the utmost true truth that you are in a relationship so he’s gonna have to he’s gonna have to be true have you heard young kids what they say now is the receipt yeah these are receipts yeah like show me the receipt that’s what we’re talking here i just learned that on that tv show that you just uh discovered for everyone else called cheer yeah you know i’m just like you know such a i’m basically like at like these indie festivals just finding these hidden gems like cheer yeah so galimony i’m on board with i think that’s cool that is a viral idea ben uh young powerful mormon ben can you come out here and tell us give me your rankings 1 to 10 10 being i’m quitting my job and i’m going starting this one being i can’t believe you just said that idea give me felix felicious where are you at um i’m honestly at like a nine or ten thank you thank you you threw out the term though you just kind of threw away like placebo water which i also think is like a separate brand maybe for like science nerds but like same and the tagline is like at least we admit we’re full of [ ] no no it’s it no it’s actually placebo water is actually part of the category i’m a category creator in addition to an entrepreneur designer and fashionista so the category here it’s like plant-based but it’ll just be called placebo-based uh beverages and these are placebo-based beverages of which we are you know we launched the first one okay and what about i’m on board and galimony that one not quite there not not quite to the level of uh felix felicis i’m gonna say that’s more like a a six like there’s something there but you need to develop it a little bit more okay anything less than an eight is a zero by the way feedback is a gift so i i thank you for the gift back can i tell you about one thing really quick that i just discovered so have you heard of the twitter handle elon jet elon jet no what is that dude there’s this young kid who created it’s just basically elon’s jet is that the guest who just tracks elon’s jet and so as of now he’s near where our friend jack lives in hawaii and so basically when you have how many followers does this have eighty-three thousand and so it’s like 20 minutes to the poor guy who’s like trying to produce high quality content every day and it’s grinding to like 12 000 followers and then elon’s jet just zips to 83 000 followers overnight it says something like um all right took off from honolulu kailua hawaii now going to austin texas arriving in six hours and 17 minutes landed in austin texas approximate time six hours and 21 minutes it’s pretty pretty wild didn’t it um you’re not a big sports guy like a mainstream sports guy but this became a big deal every year for uh nba free agency so basically you know kawhi leonard becomes a free agent he just won the finals he’s the finals mvp he’s like the hottest free agent and nobody knows where he’s gonna where he’s gonna sign and all the reporters were trying to like work their sources but like their sources are basically like teams leaking information that makes them look good and the agent leaking information that just like is a negotiation in public against other teams and reddit actually solved the case they were like hey we can just track kawaii’s jet oh look he’s going to la i bet he signs at the clippers and sure enough signed with the clippers like wait what the magic did he have uh like why so i i how does jet registration work so they could so they could track basically any private uh private flight has to go through air traffic control that’s how these guys do all this stuff so they have that so what they do is they just enter they just figure out once what they don’t you don’t know who’s the passenger but you figure out whose jet is it so for example this is elon’s jet what they were tracking for reddit i think was the owner’s jet so they knew um they knew which owners which teams were going to pitch him so be like oh a flight from miami to toronto just left that’s price that’s the miami heat owner’s jet so that’s them going and pitching their case oh they got a second meeting so that means they’re doing better than the next didn’t get a second meeting and they were tracking that and then i forgot how i think what it was was like the someone had let basically like they they know who the they know who the billionaire’s jets are and you can’t like shake that once that’s tagged it’s tagged and so from there they knew and somebody was like letting him use their j it wasn’t kawhi’s jet but like something like that was going on where a rich guy was letting kawhi use his jet for this purposes and so they knew before the professional journalists knew where he was going to sign this is badass i’ve never heard about this this is awesome i knew that like jet tracking was was like that but i didn’t realize it was that good that you could like for basketball trades right it’s really scary it’s kind of like you shouldn’t be able to do this dude what’s crazy is like my head automatically goes like crazy stuff like jfk [ ] like yeah i’m like oh i could go kill elon yeah some kidnap or something like yeah like like just with a with a good enough shot you know i got this right he needs harrison ford flying with him air force one style if we’re gonna put elon on a jet get off my plane yeah exactly that was pretty good wow i’m impressed um all right we’re at the top of the hour i think you got a jet so uh i gotta go we’ll track where you go on generator yeah right yeah can someone make one of these for us and just yeah like do you have one for southwest yeah just i’ll send you my southwest anytime flight details i’ll just give it to you and you can just post it yeah this hurts car rental like like they put an air tag in my ford taurus yes sean’s still in the burbs he went to the park still there oh chick-fil-a oh my god it’s so stupid all right we’re done you