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 i definitely i definitely wasn’t like hey like take my money so you ended up being within reach of being able to invest in right uber you knew you knew garrett and then do you remember the first time you heard that he was doing this uber thing yeah i mean i don’t remember exactly but i remember when i met him you know uber was you know it was a thing it wasn’t obviously what it is today but you know i definitely i definitely wasn’t like hey like take my money um you know i think uh but you know i guess you live and you learn you live and you learn i have a friend who uh who you know garrett pitched him and he was in new york city this is you know one of the smartest guys i know and um garrett pitched him on the seed round of uber and and this is in you know in manhattan he was just like garrett like i don’t know what you’re thinking about man like people aren’t going to like press a button like and like a car is going to come it’s just you know you raise your hand look at me he raises his hand watch this watch this bam you know like it’s about creating 10x better product this isn’t 10x quote-unquote yeah that’s true in new york it actually wasn’t right it’s just a whole bunch of other places it was right it’s like people now with crypto they’re like oh watch this credit card boom paid for coffee i’m done uh you know look at this bank you know don’t need to worry about my money it’s like well yeah but that’s not the experience for most people in most of the world and so maybe this doesn’t solve your problem but it’s going to solve some bodies exactly so we know we still are you crypto guy am i a crypto guy i um i have some crypto i not enough good damn i have some crypto i dabble i mean my whole thing is like everyone should have two to five percent of their net worth in crypto as a hedge right i calculated the other day i think i’m at nine percent um because i was like am i going a little too crazy with this but then i was like no no it’s okay it’s at nine percent that’s that’s except that’s in the acceptable range i’m at seven point five percent so it also grows right so as it grows the thing is are you gonna sell off no um no so yeah i’m not gonna not gonna sell off um yeah we’ll see if this ages well this podcast the other yeah exactly the other thing is like pay to learn in a way right it’s like dude uh okay this is interesting i need to get in the game i need to get a little bit of skin in the game just to like be be um you know if not like sort of driving things in that that space but at least i’m in the passenger seat or the back seat or the trunk like i’m involved in the journey of where that’s going by putting a little bit of skin in the game so i highly recommend that too because uh that’s been my approach with a lot of things now is just um pay to learn right yeah i think like for me like i learn best when i’m just like pushed into the ground just like push me into the arena and like listen like i’ve like i’ve lost a lot of opportunity and i’ve learned a lot of things and you just have to assume that you’re in it for the long long game and like life is long hopefully and that you have enough it’s all about at bats like getting at bat trying different things you know build good relationships in the end you’ll be fine if you if you learn and if you have a lot of at-bats