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 Sam how you doing man why you so angry dad [ ] [ ] nothing works I hate everything my Apple TV’s not working quick times out lurking I hate zoo but your Mohawks working that didn’t even work I meant to shave the whole thing and I just forgot that up there you did not forget the top dude I hate working from home I hate it so much don’t worry just like I don’t know six to eight more weeks of this and then we’re back if we’re lucky if we’re lucky okay so let’s do this is what we got let’s jump right in people need okay we are as photovoltaic up today but I found I want to talk about something that I think is more interesting but you want to talk about some light-hearted stuff which is what’s the sway thing yeah what is this way thing I saw you I saw a video of you dancing we got the first time you’d seen this dance pretty well no I’d seen it Ryan Hoover had posted one of him dancing and when he posted it looked very real to me yours did that looks as real I think is where you were in your room but when I saw that I was like holy [ ] Ryan could dance and then I saw the comments and everyone was like nice app nice how do we get the beta of this app and I was like oh [ ] there’s an app that makes you dance wait so you have this app I think it’s pretty popular it’s called sway and what it does is you record yourself for 10 or 20 seconds you just stand there and you like walk around and move and then it uses AI or I don’t know what it is but or not AI it’s called um oh is it oh yeah yeah and then makes it look like you’re dancing like really good and I send it to my family and some like 20 of them they thought I was dancing it was hilarious yeah it’s a it looks pretty it looks pretty funny K if they actually just made it a little bit less good of dancing it would look real people believe it but it’s like so good that you’re like no way no it’s pretty amazing and so when I downloaded it it was number 50 in the App Store and like as I was playing with it I thought it’s big climbing up the charts did you just download it cuz you were browsing the App Store you saw somebody do it so I all I do I browse the App Store and I like to see the fastest growing apps yeah and I like to figure out what’s going on I do that with gaming all the time so I have to figure out the games that are growing fastest so yeah we’re just browsing you gotta and but it is viral like when you see somebody post it all like yeah you’re like oh this is great I can I can like I should do that so it has this kind of like monkey-see monkey-do virality that i like well you remember that app that um you you would take a picture of your face and it would make you look older right then it’d turn out that that was owned by a Russian company and they were like doing funny stuff with your pictures well I don’t know if they were actually doing anything but people were definitely sketched out by it they’re like wait I just gave my camera access to some random Russian developer so did like 50 million other people like justice just to make this like old filter or baby filter yeah so download that app it’s called sway dance is it called swayed it’s called sway for sure SWA why it’s a cool little app it’s good for little pranks and actually you know that is a light harder way to start because it’s just funny and people should just go to your twitter and they’ll find the video of you doing it but but this is also like part of this deep fakes like this deep fakes problem and so if you don’t know what a deep fake is a deep fake is basically people can now use technology to make a video look real you can make anything look so for example what they do is they’ll take Obama Obama’s talking yeah but I can just say any sentence I could just be like hey hey my name is Barack and I’m the worst president of all time and it’ll make it look like his lips are moving to my sentence because they basically feed in a bunch of footage of Obama talking normally and it basically the algorithm learns okay here’s how Obama’s face moves when he says certain things and then when I I can input any audio and it’ll make it look like he’s doing it now right the technologies where it looks a little off but it’s not that far off like if I showed it to my not all of it leave that off right but it’s just getting better month over month so they just showed a like a paper just came out with a new one and it’s literally just taking a still photo so they took the Mona Lisa and then they do the same thing I can go say a sentence and it will make the Mona Lisa say it in like the voice can we can is that good it’s so like it’s pretty crazy that they can just do that off a still photo you don’t even need like hours and hours of raw footage of the person in order to do this now so I downloaded an app that does that with the Mona Lisa which app is that do you remember yeah it’s amazing I’ll tell you what it’s called it’s really neat and I think that everyone should download this stuff I paid 5.00 for it it's called no I don't remember the name of it I got no worries but what do you think of this whole defacing cuz it's a big problem like your sister's a lawyer and I think she was she was like a DA before right nurses yeah well I mentioned the public defender in the Bronx and and people yeah now it's like if you can't trust what you see right if we don't have photos that could be Photoshop audio now that can be like live bird I think is the name of it where basically you just you just ha you can't you you can train you can train this system to where you could just type anything and it will say it in your voice or it'll say Anna Donald Trump's voice so if you can't believe what you see what you hear or what's in video then how does that like mess up the world like fake news is gonna become a bigger problem yeah it's gonna become a problem why are we defaulting to that why are we worrying about I mean yeah it's gonna be a problem but also let's think about all the amazing things like like act like there's gonna be fake actors like my dance like your dance video it's gonna make movies amazing like like Brad Pitt won't exist they'll be it will be it'll be AJ Pitt and it will be some fake person and I think that's awesome so here's a future world you literally are just looking at your computer and instead like today if you want to make a movie or an animation you have to like be an animator or a movie editor or an artist to be able to draw you're just gonna be able to say things and it's gonna be able to create what you're what you're saying so you're gonna be able to say okay what if Donald Trump was talking to you know whatever Barack Obama and then Donald jumped in the air and he said this and then literally it's just gonna be able to animate that's how that's how far this is gonna go and that's gonna unlock the ability to create stuff to people who don't have the technical skills to do it today yeah I mean I'm I'm not too worried about how they're gonna regulate it because like if you have a political ad now it like anyone can run an ad on Facebook or on TV and it says Donald Trump I'm Donald Trump and I hate Mexicans anyone could do that now but I mean like literally the tech like you could buy ads but there are ways to say like well no that's not allowed and it has to say like I'm Donald Trump and I support this you know what I mean like there are ways to like would even like if you run a TV a political TV ad right now it has to say who pays for it sure it has to say is this but it doesn't have to be it doesn't have to be a political thing right this can go for anyone someone in high school could just bully somebody else like right now the thing that yeah I think thanks deep fakes got famous because people were putting other people's faces on porn actors and you could make it look like I could take a photo of your mom and I could put it on it put it into a porno and it would look like your mom's in the porno and people were doing this with celebrities people were doing this with their classmates and you know the reddit the subreddit for this got huge is our slob fix our slash deep fakes and so this is how we got popular because it was like this incredible bullying tool like forget about political ads it's just like slander left and right it did it did it get taken down that subreddit no I think it's still up and I haven't been in a long time but when it first blew up you know it got really popular because people were you know if oh yeah it is banned from reddit now because it was like it was becoming a problem oh yeah but that they didn't stop the actual the actual problem it just stopped the subreddit where people were sharing it so so I think there's going to be a massive massive problem for evidence I think it's a bit gonna become a massive problem for just like slander and you know spin like I could I could take a video of you it'd make it say that you hate Mexican people and it's not Trump and and people would believe it because they would see your face and they would say I saw him say that yeah yeah I don't know and so I'll tell you what some people are trying to do to combat this there's a whole bunch of programmers who programmers in general I have a high bar for the truth they really want things to be true logical soluble rule up reliable and so when you take away evidence evidence which used to be a source of truth it's like well you're saying this but I have a video of you doing that thing so that's evidence but now it's like well this video could be anything this video could be faked so they're trying to solve the way that they think it can be solved so the theory is anything you make to sort of validate stuff the con artists will always be one step ahead and there's too big of a payoff to be able to fake this stuff well it's like a counterfeit er and so you're always a cat-and-mouse game which is not a winning solution so the solution that they believe is that the phone makers themselves the device makers themselves will need to put a cryptographic seal on the video when it's taken and it's like a tamper-proof seal like we have with medicine or whatever where it's like if this seal is broken that means this videos been edited in some way and so at some point people will only trust videos or photos that have this this cryptographic seal on them that says this has not been edited because it's it's on the device itself from when it got captured it gets instantly implemented on and so it was working on that well the problem is a startup can't do this right because it's actually Apple that needs to implement it it's actually Samsung that needs to implement this and so luckily apples are pretty privacy conscious company and they know that like if their tools are being used for evil they'd usually actually do stuff about it so hopefully Apple is working on this but I have a friend who was doing a start-up trying to do this and he was running into this problem which is like look the people who need to do this are all all the camera makers like you know the security camera itself needs to do this and that's the only like decent solution now some technical people will say Oh there's nothing that's actually tamper-proof you can still you can still you know get around but it's better and there they are right but there are still things where it's mostly it mostly works right exactly so I think that's the world that's the way the world is going to work later where you're gonna need to see this little you know icon that says it's like you know it's the gluten-free icon it's the organic organic icon it's gonna be this is legitimate and there's gonna be a legitimacy icon on any foot I can't business that's a good business you know JD Power no I mean I've heard of it but I don't know what you're gonna tell me right now but you know what it is so right it's like all I know eighty-five JD Power JD Power and Associates that's all I know what does that mean okay so JD Power the reason I looked into this because I wanted to create a business like this where I was like because I was like this is a [ __ ] racket and I'm like it does sound it does give a little it does give value if there if you but you have to be like a benevolent dictator where like you can like rule it but you really gotta be honest otherwise does a service right right and JD power what they do is it's a billion dollar company JD Power is and I mean what they do is they test different cars and they give it a wards but the way that they make money is the car companies are members of the organization so if you're like if you know if you only want the money you don't give a [ __ ] about like being ethical you could be like hey Ford like our new membership cost this much money are you guys in or out and just so you know if you're out we can't give you an awards that's crazy yeah that yeah if you could be in the business of being the rating agency that is gold in fact you know but one of the problems is like if people remember during the subprime crisis I believe what happened was these subprime mortgages the bonds that were the securitized housing bonds the mortgage bonds were rated triple-a and people were like well how was this rated triple-a this is like a junk bond well I wouldn't be ready to triple-a and I think I believed this the companies I think it was the banks that were funding Standard & Poor right so if Standard & Poor was the rating agency and they were the one sort of funneling money exactly the same thing it's the same thing and so they lost their or they didn't actually lose it they're still around they're still one of the kind of main reading agencies but like that's a breach of breach of trust when the only thing you're providing is trust as a service yeah it's the same thing so JD Power was sold to mcgraw-hill in 2005 for four hundred million dollars and then it was sold again recently in 2000 in 819 I think for north of a billion right I've really been wanting to do the same thing I was like you haven't wanted to create a credentialing agency so either in the standardized testing world so like you know the way SAT no these these things are a racket because they can charge whatever the hell they want because you need that credential to move forward and these credentials were you know for the most part all these credentials was created at one point in time and so I was looking into like is there another credential that I could create that literally all I'm providing is a stamp and I just get paid for for further stamp well you know what I've always wanted to do that similar is a vendors list so like Sean if you're launching something you're gonna come to me because you think I know a little bit about copywriting and you're gonna say you know any copywriters I'm gonna be like I know 102 but like they're hard to find and so in my head I'm like I just got to create Sam's list we're just have like approved vendors and now this is the best why are you saying this is the best are you saying these are 10 that you should check out or you think this is the best one like wire cutter well I don't think you could do the best one because if you have the best copywriter that person will always be busy but like there are definitely like dozens or hundreds that you can approve I mean I guess Angie's List was something similar and that's huge but like I've always wanted to do this for copywriters in particular I was I almost bought say I almost did Sam's list because people always like which copywriters should I do I'm like I don't know ma'am look I could post on my social media about like it's a lot of work for me to go and find them for you right but like the same thing with law firms the same thing with accountants right I'm like man I gotta go straight like a vendors of people who I'd know and approve of that's cool the version of this I wanted to do was around either IQ so I was like oh okay like mints I like can I basically create some [ __ ] tests that essentially labels people and they're you know if you're in the top 5% you get this extra little certificate and so people would pay to basically have that as as a bragging right or I was also thinking about it for developers like is there a just an extra credential you could pay 39 to get that basically says yes I know X language or I am competent I have this level of competency at this thing and I’m really a big fan of if anyone’s out there creating a credential you know credentialing agency or trust us the service I’m very very interested in those because I think those are beautiful beautiful businesses extremely easy to run low cost low risk and the more you do it the more powerful they become because the more your the more times you see JD power even if you don’t even fully know what it is it’s like we need to go get that that’s the that’s the standard so I just looked up men so while you’re talking they have a hundred and fifty they’re a non-profit it’s a hundred and fifty thousand members and they do about four point eight million dollars a year in sales interesting I’m not that big I wonder the back story yeah but like as a nonprofit you never know like what’s the what was their motive how are they doing things well but you do know dude you can go and look at that all there they have to file a [ ] of government form and you can see how much the how much they pay themselves how much revenue and what their expenses are right guys I guess I’m saying as I haven’t I haven’t done that part like the same thing can be done for athletes by the way like you know how NFL players go through the combine which is basically this battery of tests you run a 40-yard dash you do this bench press 185 pounds you do a vertical leap test and so I really wanted I really think there’s somebody could create a credentialing thing where you just have this facility in different cities and people pay to come in to get officially tested to get their scores it’s like here’s how good I am as an athlete and then they use that when they’re trying to basically like get on a you teams or get college scholarships or whatever it is it’s like today we only offer that to NFL players right before they get drafted but I think that this should be a sort of a standard service for athletes to say hey what’s my reaction time what’s my annuity test was my verticals I did that when I was a kid when I was in high school I did the same thing he was called spark and okay s PE a R Q and the guy who created it was a X he was a college a very elite college runner in the 70s and 80s I think his name was Rudy Rudy Chapa I’m remembering this off the top of my head Rudy Chapa he was a 2-mile ER from California in high school he I think he had the high school state rec or high school national record for the two-mile at like 8:30 something right and his name is Rudy Chapa I think am i right is his name Rudy Chapa I’m on the website right yeah I don’t even look at his name but yeah this looks interesting and before me for this test and he was a Nike executive and then he created the spark test and what you did it was very similar to a combine and it was and I did it I crushed it it was a 40-yard 40-yard dash a broad jump a vertical jump how far you can throw a medicine ball right and maybe that’s it and they would give you a score and that score and I went to this place called velocity sports in velocity sports was created by the coach of Ellis huge track and field and it was a chain of gyms that you can go to for high school kids and running straight like that and the velocity sports must have paid spark money to use it and then when you applied to college I would put my spark score to get a scholarship yes dude that’s exactly what I’m thinking about and I’m looking at their website now looks very basic but this is interesting I think there’s a lot of unused facilities like track track and field that are underused so much of the time that you could do this without capex probably as long as you say like you know when you run a race and it’s like as long as the wind conditions are under this then it’s in effect this counts and the official thing right so I bet you could use you know in the summer time schools that are empty you could use their track and field facilities and build and build a program like this because now people with sports are parents with sports or that become so crazy where people are doing travel sports at like age six eighty seven you’re paying thousands of dollars for your seven-year-old to play baseball beyond this like elite team and this is like a multi-billion dollar industry of the travel sports industry and I think all those people would be people who would want to get their kid tested and you could drive Facebook Ads to say hey get your kid tested here’s your school what’s your score and then every year you want it upgraded because it’s like oh I’ve gotten stronger and faster and taller so I want my official measurements that are that are sort of ratified and here’s another example of this is this is kind of funny we’re kind of ranking on this I didn’t do research on this other than like I didn’t prepare for this so I mean either I just thought of this idea of while we were talking that’s how [ ] great we are dude just take a minute to appreciate that you know um Gallup I do know Gallup yes okay so yeah did my microphone are we it’s a good okay so Gallup is is a polling polling company created by this guy named Joseph Gallup I think and the another company like a smaller company bought Gallup and it was a family-owned business and the founder of that company that bought Gallup his name was I forget his name exactly but do you remember strengths finder yes the guy who owned the family business that bought Gallup he is the author of strengths finder I see and so strengths tranqs finder it’s hard for me to say they have a book that is popular little bit it’s even though it’s popular it doesn’t make nearly the amount of money that the company makes the company makes about a billion or two billion dollars a year it’s privately owned it’s probably one of the largest privately owned companies in America like top 200 and they have a quiz so if you google strengths finders quit is it’s a 49 quiz and it tells you where you rank on strengths finder right I’ve taken it because somebody sent it to me Jim Clifton is the name of the guy Jim Clifton Jim Clifton his dad Jim Clifton was the CEO of Gallup right and this was his thing and so it was like a survey they make hundreds of millions of dollars a year off that quiz yes exactly so I’ve taken transponders and I this is when I was like oh this is just [ ] okay gotcha like first of all it’s a 10 you can’t fail it’s just saying which of these strengths do you have so you’re just gonna get one of the 25 strengths or whatever it’s like here’s the 5 UK leadership determination and you know innovation and whatever and then the other person gets like empathy and you know thoughtfulness and whatever else so it’s pretty genius and they sell these to companies who wanna basically take these personality tests for leaders to say hey we want to understand our employees better you want to understand your team teammates better and this will help you work together better and I believe strength finders was doing like a hundred million plus in revenue I have to go do double check that but but yeah it’s like a tremendously successful franchise and the book is really just a it’s like a code you get in the book that says go take these queries online and then the book is like kind of useless beyond that but you can yes it works really well using that book because like I said I’ve kind of talked about this me and Ramon we own this check this this this software for to us and we get all of our signups practically because one guy who has a book mentioned our service and it gets signups in the books not even popular that’s amazing also like we you talked about that person in our Facebook group that my first million side hustles Facebook group basically who is doing a chess tutoring service any niche sport or niche niche thing like chess I don’t know if it probably is already fits just is still widely established but probably is already some sort of benchmark or test you take but if I was him I would really create my own anyways which is like oh by the way for all my students like once a year we do this hundred dollar you know test and you get your chest chest q score and what your chest Q score tells you your adaptability your you know recognition cognition whatever and and as well it’s not like total horseshit you actually are testing to see how good they are at certain things but I think it’s a it’s just a very simple way to make a lot of money off of kind of paper where there’s nothing physical you’re doing there paper where in that it’s real but it’s it’s lightweight it’s very simple to create it’s very simple to maintain no like employees or assets you need to buy well because it’s not someone in the reviews our latest review says that you and I are unethical and that you have to check your ethics at the door if you got to listen to this podcast it’s totally [ ] but I just want to make them aware that would you say vaporware you be it’s real or its substance but yeah vaporware is the wrong word for what I meant is a very lightweight thing to create and maintain and very low cost to create another example of this is Doug score do you know Doug score never heard of it dude it’s just this guy named Doug tomorrow he’s this nerd like he’s like the nerdiest guy ever and he’s got like 4 million subscribers on YouTube and like he’s the type of guy who wears like a collared shirt but like you can see his white undershirt sticking out from like the sleeves you know he’s like just like a sloppy dirty guy but he’s amazing he has a thing where he reviews cars and he creates a Doug score which is based off of like is this fun for a weekend car or is this fun for a daily driver and now at this point he’s got a thousand cars that he’s ranked and I’m when I’m buying my car now I check it I checked the Doug score I like that okay that’s cool like Kelley Blue Book prefer value and then Doug score for sort of enjoyment I like that and Kelley Kelley Blue Book great example so looks a multi-billion dollar company yeah but they provide a little different thing they have just like a data set that they’re able to use to give you a price comparison which is like different than sort of an aptitude test but nonetheless I’m curious do you think we are low ethics do you think you have a sort of a looser ethical criteria than most people for business I think that we have a looser attitude yes but by the way I think it’s it’s significantly above the line of like good like right like for example most people are like I can’t pre saw product that I don’t have and I’m like in my head I’m like who cares just refund to people and like you haven’t you something I’m not saying steal money I’m saying advertise something it doesn’t exist you can get demand improved a man and then you refund the money I’m not saying you steal from them but yeah you are lying and so I think that’s ethical right yeah I think we definitely have a looser definition than the average person I would say the average maybe the average business person even but there is you know I think the problem here is there’s no standard right there’s no there’s no definition for what’s ethical what’s not it’s completely subjective and judgmental and so the hard part is you know for us we think there’s a line between right and wrong and we’re on the right side we we think we have a safe margin of a buffer where we’re in the right but for other people their line might be in a different spot yeah but that’s because most people aren’t aggressive but anything that I do I would I would suggest to my mom that she buy whatever I’m promoting or like it’s like do I want my family to use this or or if I told them about what I’m doing what I like do I want to hide this right and I don’t I’m I’m anything that I could do I’m not afraid to tell I met this guy once this guy had reached out to me about we’re building this product called blab and blab was getting popular this guy reached out he said hey my name is Billy I’m from you know from like Santiago or the term X or somewhere and let him and he was like I’m coming up to California I’m coming to San Francisco I want to meet you and I want to talk to you about this company I was like okay I don’t know about that like most of people who that are users of a product or not usually people I want to like do meetings with necessarily but he said a bunch of stuff in his email that made him sound amazingly legit he was like my family started the first television station in Mexico we you know I own all these different like music festivals and he said he sounded like super legit but his emails written with blue text font and like different sizes of texts yeah no no not like that like it was like IKEA Cho’s like no I’m gonna my emails are blue and not the like copy-paste a little purple thing it was like this was just a style so I was like I don’t know this guy’s a joker enough anyways we go out to dinner and I have very low hopes we go to a sushi place and I walk in and I see probably the most handsome guy I’ve ever seen and this guy Billy was only well-put-together he’s like in a suit and tie he looks legit he we sit down on the table he orders the omakase which is basically chef’s choice like 15 words he doesn’t have a lot of substance behind what he’s saying but the guy is like a master of of communication the guy knows how to get his point across in a way that resonates with people I completely agree Scott Adams who’s the creator of Dilbert was talking about this when Trump was running if you haven’t seen it go read Scott Adams his blog he’s the creator of Dilbert and he was early on when Trump first announced his candidacy Scott Adams called it he goes this guy’s gonna win and people were like what he goes I’ve been studying persuasion for twenty years I’ve been studying hypnosis I’ve been a communicator through cartoon I know an effective communicator when I see one this guy is a master he goes and he said he would come up whenever Trump would say things like low-energy Jeb or whatever and he would like called Jeb Bush Low Energy he was like these are linguistic kill shots these are when he would talk about the wall he bug it’s a great big wall a huge wall and he’s like he’s painting a picture in people’s minds which is much better than talking about policy and so you can learn from people that you think are using it for money he and he called not that he was gonna win he called he was gonna win months before anybody even took him seriously when 538 was like this guy’s got a 0% chance Scott Adams was like this guy’s gonna win and of course if he was wrong nobody would ever even really pay attention to it because you know but when you’re right on a contrarian prediction you get all the credit and the other example of this was Hitler so Hitler when Hitler was rising to power I studied how did this guy get so popular what did this guy do because when you watch him speak he’s not a very compelling guy but they did a lot of things so one thing I remember that stood out to me because I was in seventh grade and I’m never learning about this when Hitler was trying to rise to power all the political campaign posters were all like full-color lots of text people trying to explain their position on things and Hitler with the other way everything he did was black and white which would be normally it would not stand out but he was like well I will contrast everybody else who’s do using tons of color on their stuff I’ll go black and white the second thing was he would use only like big images and like really powerful images and not a bunch of text and then he would use movies as propaganda and you know fill the cinema with people to watch a movie but it was very much a propaganda thing behind it so even though he used it for evil those techniques and principles are interesting to learn from for me as somebody who wants to you know have a strong toolkit that I can use for good I completely agree I was reading I’ve been going on so many Wikipedia holes now that I’m home so much I wasn’t reading about I read Hitler’s Wikipedia I was reading about World War two and it let me like I was worried about the Mafia and then world war two and they’re like it’s like he’s there like his rise to power was because he like would speak at these I don’t know what what the equivalent of is now but just like halls where he drank like bars like veteran halls and I’m like wait a minute he started as a speaker that’s it right it was kind of crazy so a couple of things we’ll switch topics cuz people now are like what these guys are saying Trump and Hillary are good and I don’t understand okay so I have an idea for you so I call this my new lambda school idea have you ever do you guys have like an office administrator or office admin I don’t know if you guys are we have yeah I mean we have someone who handles stuff yes I do sar and things like that right I’m talking more like so I had been work or like an executive assistant or secretary do you have anybody like that have you ever so recently I’m at my work we’re hiring an EI right so we had any a she left we had to hire a new executive assistant and so they put me on the hiring panel and I’m like okay I don’t know what questions I’m supposed to ask like I don’t really know what the background I should be looking for all that stuff so I started thinking about this store looking it up so it turns out that office administrators or secretaries or executive administrators EA’s it’s one of the most popular jobs in the country and it’s also something where so there’s about you know I’d say 600,000 I think in the US and they pay pretty well so it doesn’t require tons of specialized skill that’s pretty much anybody can learn to do this if you’re you know somewhat competent but you can make 50 60 70 80 K doing this I thought that’s a pretty good paying job and I know at our company the EAA is they’re critical they do such an amazing job they they’re they help and all the senior leaders do what they do and so I started looking about this and I said could there be a lambda school for EA’s because I think this is something that in three months you could teach people the core skills that you need around calendaring booking travel you know note taking all the different sort of core components that you need to do to do this job well you know it’s not rocket science you just need to learn the tools and learn the sort of do’s and don’ts and then I think companies when you know like us when we’re hiring for this there’s no like school or degree that you look at or you like oh because you have this degree you’re gonna do a good job and so it’s usually like do you already have experience doing this or not but that’s a catch-22 because how do you break in if everyone wants to hire for somebody who already has experience doing it and so I’m thinking that you could create a program that tells it offers people who says hey in three months we can train you for a job that’ll pay you 50 60 or 70 K here and it’s a job that has good you know work-life balance and all this other characteristics of it and so and you could use the lambda school model where you take an income share agreement you say great I’m training people for three months it cost me three thousand dollars to do this remote virtual school but I make back you know up to fifteen K 17 K per candidate that gets placed into a job over time what do you think of this idea [ ] love it and I’m looking it up right now org org dot Co have you heard of or gorg no we use it let’s see how big their team is that can kind of tell us how big they are but okay what or org is is it’s a community / to me unity slash job board it’s not the cup I don’t know how you would describe it in one word it’s a or gorg is a 100% volunteer run organization we have job or blogs resources we have private groups an email lists and it’s all for HR right executive assistants office manager HR departments and DIY admin assistant like you know whatever its and so my our old ei was on this and it was an email list and and they would send out blasts like hey I’m looking for the best IIT person our company small we only have a budget of $2,000 who do you recommend or like when I wanted to hire new ei I had a friend post a listing on there and I got tons of applicants what I would do with your idea is I would either buy this company man these these the lady who runs this I forget her name but she could be making millions off of this but I don’t think she is I bet she’s making hundreds of thousands of dollars so like I would buy that yeah I would buy that ID or become the platinum sponsor for you know fairly fair rate and use it for the sort of the user acquisition and there’s this powerful thing because once you build the brand that hey yeah this is it’s like a staffing agency right but it’s a it’s a big internet internet version of a staffing agency and once you place some people to good things happen the first is you get a reputation that says hey RTA’s I’ve been hired by company a ABCDE and if we could come become a trustworthy source for good EA’s but then also right now all the candidates in our current be a pipeline came from our existing EA’s people they knew from their network and so is your alumni become your hiring become your hiring partners and so the more alumni you place the more opportunities you have for your own graduates and so I think that’s like the real power of the lambda school model and unlike okay so the ladies girl model you gotta break that [ ] down lambda school model you’re saying and you train them for free and then you get a percentage of their salary yes I love that model for everything not for everything necessarily but I think when you have a low cost of training it’s a great model because it reduce is the friction to join because they say well it’s free and so I only I only have to pay them if I get a high-paying job out of this so your incentives are aligned right because we want you to get a high paying job and you came to us to get a high paying job we only get paid if you get a high paying job and if you get a high paying job this is a reasonable payback for for us providing that service to you and so I think anyway any place where you have a low cost of training this is a very good mechanism it’s not just a dent mechanism it gets a lot of hype but really it’s just a debt vehicle and but I think it’s a good debt vehicle for this okay do you wanna I have a few things that I want to go over do you want to wait until next episode or you want to let’s do one more and then we’ll call it and then we’ll save the rest for the night okay then I don’t want to bring let’s not bring mine up yet the reason why what I wanted to talk about was Roger Dickies bathroom business that you brought up yeah made your maid renovation I think but I kind of want to wait you want to wait okay we can do it next time okay let’s bring up let’s let’s Oh why don’t you bring up this save your kneel story okay yes all right so Xavier Neil I’m sorry I feel like I’ve been talking most okay it’s really interesting so Xavier Neil is my new favorite billionaire so this is my second section this is my segment of the show called my new favorite rich guy so this guy is essentially like a Elon Musk type of dude in France but instead of trying to send rockets to Mars this guy just operates in his own style but he’s got the same kind of call like no [ ] given attitude like a Branson or an Elon Musk and I never heard of this guy so I’ll tell you how I discovered him so I discovered him because he created this thing called 42 have you ever heard of the school called 42 No so it makes me in France he’s in France he so I’ll tell you his kind of like life story so age 19 he creates this business called minute L minute L is essentially a sex hotline a phone service you call it so colleagues on a sex line and at 19 he creates this thing and it goes gangbusters and so he’s doing really well makes a few million bucks off this then he either creates or invest and bye-bye stake in something called world net sold a few years later for 50 million bucks right before the dot-com crash and then his big thing that he did was he created this thing called free and free was like a t-mobile it’s like a mobile carrier and at the time in France all like SMS phone plans are all very expensive so he created that he undercut everybody he created a like lowest cost way to have you know a cellular cellular service and so 3d became this huge company so his net worth ballooned to like six point six billion dollars I’m looking him up now this guy is my favorite person ever yeah he’s he’s very legit and so he was like alright look what do I want to do now I want to do more baller [ ] and so he was like okay I’m gonna create this thing called 42 so he was like I’m gonna create a computer science school with no teachers and no staff so all he did was create this dope facility with a bunch of computers and if you get into 42 you just come and the computer is your lesson plan so it’s like a video game there’s like a challenge it’s like hey you need to make a website that could do XY and Z you’re like okay and it’s like you have the internet and you have some people next to you and like you guys need to figure out how to get past this level and so you start doing the program and so it’s self-serve you do it you do a bunch of like projects to level up plus you create your own you know like projects or ideas so somebody created I don’t know like somebody could create like a coronavirus tracker right now because that’s a timely little website you can yeah I’m looking it up now they have 2,500 students yeah and it’s actually closed right now because the physical facility it closed here but it was a wild idea I don’t even know how successful it’s been I don’t think it’s been a wild success but I love his bet so he was like yeah I’m gonna put a hundred fifty million dollars into this so he built one in France and he built one here in Fremont for a hundred million dollars in California and it was just like so what a rep what a radical idea what a way to bet your money and try to like change the world over and over and over again and then he did this thing in in France he’s like okay how do I build like startup ecosystem here so he created this thing called station F and if you just think it’s like the [ ] NASA facility it’s like this huge huge bike like I don’t know how many football fields long office or hanger or co-working space and he’s like alright I’m gonna make the dopest place for any investor to come when they’re in Europe here here’s some space to go hang out entrepreneurs you’re starting companies come over here and build your company here’s an office space restaurants come here at the bottom fill this place up you know gym whatever so he created his own little oasis how like Tony Shea did in Vegas this guy did in France this guy’s a mainstay Chanel what what I just love this guy’s style so first of all I’ve looked it up out he’s not perfect 2004 he was indicted and detained for a month for misuse of company assets which occurred in several of his sex shops that he was a shareholder in and he ended up getting a two-year suspended prison sentence for misuse of company assets so he’s certainly not perfect I don’t know I’m just reading up this one thing though in addition to all this t owns the rights of the song my way by Frank Sinatra which I love the only one of the largest newspapers in France super interesting guy when I’m curious about people like this and Andrew Wilkinson is gonna be on the pot is he gonna be on on this Tuesday yeah next the next episode basically so Andrew kind of did Andrew not exactly but kind of does a soy in the same way as well until we have to ask him about this what I want to know is how do these people manage so many freakin projects like cuz like I I can’t even manage what I have on my plate and like right so it’s nice never live it so they you know they hire hire people to run their [ ] right so like I worked with a guy Michael birch who’s kind of like this like billionaire type of dude and he created this incubator with his totally different model or everybody owns all the equity in all the projects and you know he picked me to run this run the show for him so he truck any trusted me he’s pretty hands-off we checked in but like he let me run the show so I was looking at this guy Xavier Neil and he’s got somebody this woman from Google who runs station after being the big facility he’s got somebody who runs his investment fund and the guy that guy was telling the story goes you know we don’t have board meetings but I was like Xavier don’t you want to know what I’m doing with your fund and say hey you know tell me and he’s like the he goes I told him I said hey we invest in all these companies I think we should double down on these winners and make make less small investments and and do more on the winning companies so what do you say okay he goes he goes I’m not turned I’m not doing this to make money I’m doing this to make more companies invest in more companies and because I was like what he’s like he’s like you could double down but don’t stop investing in new and like new small small companies and then the other thing that they talked about in his thing kind of like what you’re saying how do you manage this they’re showing like the guy showed his email inbox all the emails from this guy and I’ve noticed this a lot of wealthy busy people their emails look like text messages so like this guy won’t ride him a long email about like hey we’re thinking about this plan here’s what we could do here Plaza hey okay cool or like literally it’s up to you all good it’s like up but number two the letter U okay where do I see this screenshot there was a story I think was like a Forbes or Bloomberg story or something about this guy in there but I think there’s a pretty common thing amongst the people who do a lot of I guess like if I buy like like I’m talking about how I’m gonna buy just a toy car like a fun car I guess I’d be like the equivalent of meat buy me like a ten thousand dollar car I’m like letting someone use it and it’s like do you not care just make sure it comes back in one piece so you know the thing I guess the thing I want to clarify because when Andrews coming on on Tuesday I’m I like Andrew for the same reason I like this guy and they’re totally different right Andrews not gone to jail and didn’t start a sex hotline and it’s not a billionaire like well we don’t know that for sure this guy has about 20 years on but I guess like the thing the thing that stands out to me is I respect above all else people who do [ ] their own way people who have their own they are original thinkers and decide to live life on their own terms that’s kind of what I got out of this guy is I think I feel like this guy Branson Elon Musk the thing I like about them and they’re definitely have lots of flaws and lots of you know messed up things that they do but I just respect that they don’t just follow a normal societal playbook they live life on their own terms they basically you know Marshalls beat of their own drum or whatever that’s what I like about them that’s what I like about Andrew he’s done it completely his way which is very non-traditional do you think this guy speaks good English this French guy yeah let’s uh he’s alright let’s [ ] email yeah let’s do it I’m looking at them now I I mean I would if you’re French I mean if you’re a magnet like this I would imagine you you speak some English but is he good enough English to be on this I’m sure yes I’m sure we’ll learn French dude we will make it happen if we need to yeah it’ll be like yo yo el Romero and Joe Rogan we just has a translator on the podcast I’m down I would love to do this and this guy’s in cahoots with this other guy who I don’t want to say his name because it’s too embarrassing if I pronounced if I try to sit snake it say it because he’s French but I its Bernard I’ll Arnold do you know who that is they don’t they’ll be engaged okay I’ll tell you really quick he’s usually goes back and forth with gates and a few these other guys as the richest guy in the world he LLVM H it stands for Louie Vuitton something but they own Chanel they only Vuitton they own it’s the largest luxury group in the world they own fen phen what’s the Rihanna yeah yeah they own that so the way he started it was his father was wealthy and they owned a construction business and it was big but it wasn’t like billionaire big but I think they sold it for like 20 million dollars in in the 60s which is a lot of money I mean that’s probably the equivalent of 20 million that’s probably the equivalent of a hundred million now so it’s a lot of money and so anyway he convinced his father when this guy Bernard was in his 20s and he goes dad we got a diver we got to sell our construction business and buy luxury goods cuz when I went to New York they all knew what Chanel was but that’s not even a big company and so he goes [ ] by Chanel and so they bought Chanel for a small sum millions of dollars but not what it’s worth now and then he runs it and he could start buying more and more and more so he turned a construction company into the owner of Louie Vuitton and dude they owned a lot of [ ] so I’m just throw off some names so they are on Belvedere they own Hennessy they are D or they aren’t Effendi they own Fenty they own tag they own who bloke they on my way they own I mean this is like a like I don’t know a luxury brand that’s not on this list yeah they own it all like do they but then like Gucci I think Gucci’s its own brand yeah it’s kind of like you know like they a be in Banff where it’s like you two companies own like all the other sub companies yeah well this freaking guy did it and he it started as a construction business right and this doesn’t happen that much anymore but this is what I love about business before for some reason it seems like this happened this hat you this used to happen a lot more the Chinese are notorious for doing this where they diversify like crazy so I don’t think this doesn’t happen more I think this is just something that happens on like a 50 year horizon and so it’s just hard for us who’s like we’re just for five years we’ve just been furiously looking this or 10 years to see these things that are playing out over 50 or 100 year arcs right I agree I agree with you but I’ve studied a handful of Chinese companies that were launched in the 90s and 2000’s and they are like crate easy about doing that right where like they would start something in like two years later they own like apartment buildings it’s like what the heck that’s not even like and and the Japanese have done it as well they have a name for it I don’t want to pronounce it because I don’t wanna butcher I don’t even know how to say it starts with the K okay Kazu I think okay and it’s basically it’s kind of like how do you know how Yamaha makes motorcycles pianos and chainsaws and it’s kind of like that like they like are known for doing that and so what are you okay so I was saying what I respect the mob bank did it too right so what I was saying was what I respect the most is people who who you know create their own playbook and how they wouldn’t live their life and I agree what off what what would be your cuz like I think you kind of like they’re like local types you love researching what do you think is like your highest highest bit thing you respect people the same you said it best I agree with what you said people who people who look at the world and be like yeah I get it the world’s this way I’m gonna bend the world to make it my way though and have you like in your own small way do you think have you done that like what’s an example of where you’ve bent the world into working the way you want it I think that I’m from Missouri I think that some of my friends from Missouri think that I have done that I do not think that I have done that right but I think give it time and I will I think some of the things you did with the hustle were like that so for example you didn’t go to the VC route in fact you did some weird [ ] like crowdfunding and other stuff along the way and from the beginning I think you I remember you distinctly saying cuz I was like why don’t you do Facebook you know why don’t you to video why don’t you snapchat this it’s hot and you were like no I want to do email because that’s my own little pirate ship that I can own and not dependent on any other platform I want to make my own part chip and I want to get my part to be a big [ ] pirate ship and I just never really heard anyone talk like that or think like that where they were so specific around the like the path to victory dude I have a video like I’m normally I try not to brag on myself because I think I got a lot of flaws but the way our company is shaping now I made a video in 2015 in my outline what was gonna happen and it is 100% happening exactly like that where’s that video on youtube if you google the hustle scene vests I explain I go we’re gonna build you a million people we’re gonna profit from advertising we’re gonna use all that profit to build more stuff and we’re gonna sell that stuff and then we’re gonna build more media around it and it is happening exactly and do you know how you said pirate ship let me show you something hold on let me show you so but stay there mr. Sam just dropped his pants I’m looking at a giant pirate ship tattoo on his thigh when did you get that into da like right around what I was telling you about the cousin I got a pirate ship and it says bald fast fine so you basically that’s how you tattooed your business plant under your thigh yes I tell everyone I go email this is our pirate ship and every email is a little bit of wind in our sails I love it that’s great okay we gotta end on that that’s a classic I should have taken screen shot of that one okay so we will see you guys to z’ day we’re gonna have Andrew on when we say Tuesday that’s what we record these come out it looks like a freaking loose cannon right now with the Mohawk and tattoos and I actually like that all right man I will catch you later okay [Music] you