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 it’s really effing hard to start a two-sided marketplace and when you do the prize is a billion dollars uh you know in your pocket yeah i feel like i can rule the world i know i could be what i want to i put my all in it like my days off on the road let’s travel never looking back all right what’s up uh i was thinking about the beginning of these because um if you watch like joe rogan joe just sort of rolls into the conversation it’s actually starts like mid-sentence of what they’re already talking about and i think that’s kind of cool it’s pretty casual and then you have other people that really try to like brand their brand their beginning so i’ll give you a couple examples and you tell me which one you think is a good idea so um the all-in podcast which i like is hosted by jason calikanis and then what he does is they have the uh what they call the cold open which we do sometimes too which is you pull kind of like the most interesting or funny one-liner from the middle of the episode you put it at the beginning and then you roll into like the intro song where it introduced kind of it’s like a custom song that introduces the four people it’s like chamath this black king you know david friedberg the king the queen of quinoa or whatever so that’s like one version then there’s you know scott adams the guy who started dilbert or writes the dilbert comic he does this thing every time he does a live and he used to do live streams like every day or something like that and he would always say let’s start with a ceremonial sip and he would like hold up his drink to the camera he would have you do it too even though you’re not even on camera you’re just at home he’s like everybody let’s do this and cheers all right here we go and he’s like he talked about it he’s like he’s big on neuro-linguistic programming nlp and um and so he’s hypno he’s like a trained hypnotist or something like that and so he’s like you want to like associate the same sort of like he’s like doing this with my tea is brilliant or your coffee because it has emotion it has a taste it has a smell and it has a auditory thing i’m saying every single time the same exact thing and so i’m basically programming you for a certain feeling or emotion of the life so he’s like really you know going hard at it um our buddy pomp does the same thing he’s got like his little catch phrase where he starts he’s like bang bang everybody he does this little finger thing at the start of every single video um very specifically does the same thing every single time so what do you think about that uh i like the joe rogan one to just roll into it don’t try so hard yeah do you agree um i i definitely think the other one’s more effective but um but who cares like uh you know i think if you have to try that hard um i think it’s fine i guess it’s fun to do if it’s whatever if you think of something but if nothing comes naturally i def i don’t think you should force it because uh it’s just more likely like awkward than anything else at that point um and in general i think that like i tweeted this out about twitter bios i don’t know if you saw this tweet i did but i said here’s the twitter bio paradox and i showed two people side by side uh one was dan gilbert who’s been our billy of the week before so like an actual billionaire so i ever this guy’s a baller and his his bio makes him try to sound like a regular guy because his his but his twitter buy was like you know family man retired pizza delivery driver you know trying to make an impact on as many people as i can and then it’s like at cavs at quicken loans at whatever like these companies like yeah he owns an nba team and like a a 10 to 30 billion dollar company or whatever and then i put it but the other side it just puts up some random guy i had to snipe some some guy it didn’t mean nothing personal but i just searched on twitter forbes thundering into 30 to see who would be putting that in their bio because that’s the ultimate tell that you’re trying too hard because you know we’ve talked about before it doesn’t mean [ ] and um i found this guy who was like investor entrepreneur innovator philanthropist exactly forbes 30 under 30 finalists which people were just making fun of him like dude you weren’t even 43 you were a finalist you’re like one of the top 30 000 people or something um and then it’s like you know international speaker renowned you know whatever and then and then mentions like two companies that he’s like you know started or whatever and nobody’s ever heard of these companies and so i said on one side you have a baller trying to act like like trying to counter signal that he’s a regular guy and on the other side you have a regular guy trying to signal that he’s a baller and uh you know this is the the paradox of twitter the harder you try the more you tell me that you’re still trying and um and you can see this across the board there’s you know a lot of people have no bio and the no bio is like my name speaks for itself you either know who i am or i don’t care i’ve achieved so much fame that i’m not trying to impress you so uh i think that’s a pretty interesting tell and and i like the the term that somebody pointed out for which was signaling and counter signaling they’re actually both signaling the rich guy’s trying to signal the rich guy’s trying to signal i’m just like you don’t mind me don’t hate me and then the other guy is trying to say i’m bigger than i am right but both are both are signaling oh you wanna do some questions yeah let’s do it all right um i’m gonna ask you a question that people asked us um this is a funny question i don’t know if i want to answer this we’ll let you do it um oh dan compiled some all right dan but let me ask one first what’s it like to be rich [Laughter] yeah it’s sweet it’s sweet because you don’t have to worry about a bunch of things and so yeah it doesn’t take away all your worries but it takes away all your money worries so if you’ve ever like you know boom you get hit with a like my car was in an accident it’s like oh [ ] i’m gonna have to pay like thousands of dollars to get this repaired if i didn’t have money lying around that’s a that that can ruin a day real quick they can ruin a week real quick they can ruin a month and so yeah it’s sweet to not have to have a certain set of worries um or things that just are downers do you have a number so we what’s interesting is that you know there’s this idea of having a number of like i’m ready to retire and like a lot of studies have been done and very like interestingly a lot of people will have a number that they’re at and then if you double it that’s what they like on average people say look so if you have five million dollars like uh if i had ten i’d be happy if only i had ten yeah yeah or if i have ten if i had twenty i’d be happy which is always kind of funny it’s like three inches in height everybody wants three inches in height right do you did you have a number do you have a number uh yeah i did and then some people who were way past that were like dude that number is not enough uh your number was six i used to say six million uh because i’d done some calculations and i was like oh six six should do it where what i was trying to calculate was if i had six that was uh like working for me six million invested i was saying okay with x you know average annual return does that cover my life burn even if my life burn was twice what it is today and and people were like yeah but uh you know that rate of return is a little bit like too optimistic and your life burn is going to go up more you just haven’t really figured that out yet yeah you know the more money you have the higher your life burn’s gonna go it’s hard to really be disciplined about that so do you have a number now yeah so now i think the number is um i don’t know i think 20 is the number i would now have to like think of different ways that like why money matters um why why more money would matter to me um like all the obvious things would be more than taken care of at 20 million so what’s funny is i’ve talked about this with uh as well and the people at 20 say the same thing 40 maybe a 40. maybe at 40. so i don’t know when that when that stopped because i used to take one and then i used to think six and then once you get there you’re like okay you’re at six well no six this is i’m not i can’t stop here right 20. maybe at 20 and then maybe at 20 i’ll do the same thing what do you think it is um so i think it definitely is like um yeah 15 to 20 like if you have 15 20 million dollars at a really young age like you know let’s say 31 uh like it’s you’re set it’s hard to lose it’s hard yeah i could i could lose 10 million and still have 10 million um so like it’s hard to lose now you’re not flying private but you’re living a really nice life and you’re never going to work again but here’s the thing guys like i don’t know about you but guys like me even though i say i’m not going to work anymore i’m always going to work um and because work is play so i have someone who can earn 20 at a young age i think they’re set regardless because they’re always going to be able to earn that’s a very good point age the age definitely matters because it’s all about sort of how many years of compounding are you going to get from there um and i was doing the math basically like at a seven and a half percent return so like if you believe that the trailing hundred years is going to repeat itself for the next hundred years then you can if you believe that that’s that’s to be true then your money will double around not every nine years so 20 at 30 becomes 40 at uh 40 which becomes 80 at 50 which becomes 160 at 60 and that becomes a billion by the time you’re 90 which is kind of wild how about now the question is like well when we’re 90 like is a billion even gonna mean you know that much who knows but like that that growth is quite phenomenal and that’s really hard to grasp unless you put it in front of you so getting wealthyish at a young age i think is very significant um yes okay so that’s fine i don’t know i feel like i gave kind of a generic answer which was what’s it like to be rich i guess like i didn’t what what i’m glad i didn’t do was say oh you know it’s not as it’s not as good as you think uh which a lot of people say a lot of british people will say you know i thought it’d be great but then i realized that what really matters is family it’s like yeah dude i know that family matters right i’m asking what the rich part of the experience is like you know how’s that how’s that been for you and uh and i guess what i would say is like rich whatever rich means to you you know the main the main benefit from my perspective is that there are just certain things you don’t have to concern yourself with or work or worry about anymore um you know the biggest being if i don’t want to work or i don’t want to go to this job i can just not do that i can do something else with my time right like the money has freed up time time can be now invested in any activity you want and that tends to be like you’re picking that now you’re picking stuff you really enjoy or you think really makes an impact rather than you know something you have to do in order to pay next month’s bill andrew asked outside of business this is andrew wilson what do you research and read about i’ll go first i read a ton of history i love american history starting in around 1860 going all the way up to about 1950. uh i think that’s when crony capitalism kind of came to uh that kind of went away in all the regulations that came into place in america it kind of came to be and a lot of interesting stuff was going on there i also love reading and listening about the mafia because i think what the mafia did is like as american as apple pie like it’s so fascinating to me so i read a ton of history and i research a ton a ton of uh or like early american stuff so i’d like to go to museums and and look at old architecture from that era wow we couldn’t be more different all right so outside of business i would break it into three groups i study or research what the nerds are into right now so anytime you know smart friends who are kind of like technically minded if they’re into i it takes me probably five times longer than them just to understand that that new technology but uh i put in that time because i like it and um so like you know somebody will mention something that hey you know um this ai thing you know is now able to predict protein folding and i’ll be like protein folding i don’t know what the [ ] proteins fold for what’s protein folding all about what have people tried before how do they even get this to work what is actually machine learning how does that work you know like and so i try to i try to basically study what the nerds study that’s one two is more of like the unwinding which is sports i’m like knee-deep in basketball you know uh stuff so i like to follow all the storylines stats you know that sort of thing uh and then the last one that i would say is self-help or some kind of like mindset so i think that uh you know people probably at this point if you listen to this podcast you know that um more than anything i’m a believer that if you can master your mind you’ve won the game and i think that that’s the hardest hardest thing to master is your mind and i want to read all the different ways people do that and try them and self-experiment and then go back and research more so that’s the third thing i do how did success influence or change the dynamics of your romantic relationships that’s a good question but we both have been um from uh julie julie davila yes julie had that was a good question best question so far so i was i met my wife right when i started my company and um before that i dated a ton i i was okay big dog i was i’m not saying it was successful let me change that i tried to date a time yeah uh so i tried to i i liked women um it didn’t always work but uh i prefer being in a relationship uh being successful has been cool with my wife because it feel because we are manage our success together and like i think for both of us our wives were successful before we were yeah my wife yeah were at least way more liquid they made they made more money faster than we than we did dude i’ll say it i mean my wife was a self-made liquid millionaire before i was right uh yeah i think i think same same is true for me so so that was uh that’s the first part like you know how it was really you know how was success for them was the real question i was like working marrying this broke you know broke entrepreneur who keeps trying to say he’s living the big dream but you know where’s the where’s the success for like you know it’s five years that that’s that’s the first question so yeah when i dated sarah her mom was like so does he and her parents are entrepreneurs so they kind of got it but like does he have a job like well no he’s trying to start this conference thing or where does he work well he can he works on his laptop he could work anywhere and they didn’t get it and so my first year i made like 20 grand and then like 50. like he’s a wedding planner i think yeah like so anyway like my wife had a full-time job and she was probably making six figures straight out of college she went to an ivy league school and went to facebook anyway how has it changed the dynamics it’s made it my opinion way better i do we do all of our finances together we meet once a week and we go everything do you do when i started when i started dating my wife she um she had just bought her first house she was driving a bmw m3 sport i was living under my parents house in a like they had like an unpermitted in-law unit that i lived in with my my best friend from high school who lived in there with me and uh you know that’s where that’s where i was he didn’t have a car didn’t have a house uh i had a job i had a good job i guess but um but yeah that’s that’s how we were when we met and then you know great what does he do he’s the ceo of a startup okay so you know he’s virtually virtually unemployed you know like on the brink of unemployment essentially was a situation i’ll say one thing which is as you know as good things started to happen so got got promoted from like a product manager to ceo of like the company and then from ceo to like you know investing and then selling the company and all that stuff there was definitely a period where i got a little cocky um where not intentionally but i look back now and i’m like i was kind of kind of being a dick i sort of thought all these people i hang out with that are like you know super successful i felt like they they didn’t have to deal with any of the [ ] at home that i was dealing with it’s like okay yeah i gotta take out the trash you know does my investor take out the trash i don’t know maybe he’s got somebody takes out the trash for him oh i have to you know wake up at like right now i wake up in the morning at seven o’clock and from seven to ten am i you know i’m on daddy duty taking care of the baby and i was sort of like don’t were we supposed to have like nannies for this i was like very uh spoiled in that sense and i thought well no i’m the like successful working guy right so like i don’t have to do these like normal things and so that was my like entitlement to myself and then i realized two things one is uh yeah those guys do that too that’s you know a lot of the people that i was talking about that i admire they did all that too they just didn’t complain about it like a little [ ] and then the second thing was that they that like who cares like do whatever uh do whatever works for you and your family and like stop being stop holding your time as more valuable than my wife’s time or that my kid’s time or my dog’s time or anybody else i used to kind of you’re talking i used to think my time was the most precious and now i don’t now i’m sort of you know it’s our time we got to use it how we want do you i think it’s cool we’re both married i think it’s cool to have this like team mentality you know when my wife and i so i i we’re both catholic and even though we don’t practice anything i was like we have to get married in a catholic church it was important to me and what that means is you got to meet with the priests and he was like so why are you getting married and we were like well we have similar values in life we have the same goals we just we both want to take over everything we um want to have children and raise them in a particular type of way we want to share our assets and pull together and he’s like whoa whoa whoa whoa whoa what about love you guys love each other and we’re like oh yeah yeah yeah that too and so like for us it was definitely we definitely love each other but also there was a functional partnership yeah it’s like it’s very this is a very practical way to like live go through life like it’s very it’s easier for one another when you have someone that who’s family you can count on them no matter what they’re gonna have your back so anyway i’ve enjoyed uh having a little bit of success while being uh married if you’re single i guess the pros could be like you could just like fool around with people way out of your league but i do think that it would be exhausting and actually probably not as fulfilling but maybe more fun man i look back now when i use i was single you know i was 25 years old single didn’t own a possession in the world and i was managing a bunch of people who were 10 20 years older than me had kids had families had mortgages had all the stuff and i thought at the time i was being super understanding about it and now when i look back i’m like oh my god i was such a idiot like i just didn’t understand how how hard it is for these people to give this much to a startup um when they have all these responsibilities and obligations at home and i was you know just a free bird 25 years old and you know i could piss my time away it didn’t matter and like for these people that extra one hour they were at work was now through off the whole dinner time bedtime schedule for them their kids their wife you know like all this stuff and so i just look back now and i you know i apologize to anybody i worked with then because i didn’t truly understand i thought you know this hustle culture was there was the right answer then and now and i didn’t realize how much they were already giving uh and i always wanted more what um yeah let’s do two more um what pandemic behavior do you want to maintain um yeah basically the last year was you know it sounds insensitive so whatever maybe that’s that’s the case last year was the best year of my life um same you know i had a blast and a whole bunch of life events happened right i had a kid i became a dad and you know but i just everything i grew up my hair i built a home gym i started working out regularly i you know um you know i’m working from home so i just had way more time with my family with my wife uh than when i was commuting every day and was at the office all day um you know this podcast has been a lot of fun this has been like 10 amazing things that happened this year that made this year literally the best year of my life so uh in terms of pandemic behavior i would say i definitely don’t like getting close to people and shaking their hands anyway so you know good i’m just going to keep not doing that but i would say like the home gym daily workout at 1 pm is definitely the behavior i need to like keep going with i agree i’ve i’ve gotten in wonderful shape throughout this and uh that’s the one i’m going to maintain yeah um all right last one maybe um i’m curious about this favorite purchase one all right uh okay let’s do let’s do three of these let’s do um if you were 21 again what would you be doing i can’t stand that question but i’ll answer it yeah what is it if i was 21 now in i don’t i don’t know what would let me think what would you be what would you do i think i would go on tour with in the most like interesting spaces with the most interesting people so i think what i would do is i would say hey i’m a hired gun you pay me whatever pay me 5k a month 10k a month something like that uh flat fee i’m gonna come work my ass off for you uh for three months if i love it i’ll stay on but by default you’re gonna get just like somebody unbelievable just right hand man to to deal with any headaches or problems you have and you’ll never see somebody you know work harder and smarter at figuring [ ] out than me and i would pick basically like four or five people that i thought were amazing um that were doing things in interesting fields doing interesting projects and i would pitch that to them and i would if they said no i would find the next five people and i would just i would go on tours i would when i would treat 21 i would treat work like a tree i would treat um like marriage in the sense that i would focus on dating figure having fun figuring out what i love what i like figuring out what likes me and um i would be in no rush to like find the project or start the company or like pick a career i would say cool i’m gonna go on i’m gonna have these these little three-month relationships with badass people in badass bases and um you know just just i commit to doing that for two years and then i’ll figure it out after that like a that’ll be my mormon mission i would probably my goal at 21 would be how to become a liquid millionaire by 25 and then after 25 i could dedicate a little bit more time to like a big purpose or how do i create cash flow and so i think i would want to start a blog or something like that and try to sell it in the next two or three years i would i would not try to do that because um i think that you know if we’re measuring the score on like a i don’t know 10 year period or 20 year period then i think i would get more value by being at the cutting edge of certain spaces certain industries and being seeing what like like a plus plus players are like when i work with them and earning their trust i think that’s a lot more valuable all right last question best purchase over two grand and under 100 over two grand for me got to be uh this rowing machine that i bought for about two thousand dollars it’s called ergata i am obsessed with it or i bought a pretty nice uh mercedes that’s really fast i go on drives every morning and in the afternoon and it just makes me happy for under a hundred dollars uh under i don’t i don’t know uh i i have to think what about you i would say this camera that i’m using right now um because when the whole world went remote everything’s done over video and yeah i used to just use like a mac air mac air laptop makes you look like you know an actual like prisoner of war in uganda when you go on a video call and so uh this having a dope camera is great for the pod but it’s great for every single meeting i feel like i feel like i’m putting my best forward and i look great i feel great i think the other person you know treats you differently depending on how you show up and so i think this one camera is like the equivalent of buying you know a closet full of ten thousand dollar suits you know and without any of the headache of like wearing a suit so my under 100 is an aeropress i love my aeropress what does it love it that’s a coffee thing it’s a coffee coffee thing it’s like a it makes individual cups coffee is badass i use it all the time uh under a hundred dollars okay i got this for free from jack smith jack gave me his thera gun and i [ ] love the thera gun um yeah he gave it to you yeah he had like an old one or something like that he he he he got a new one or i don’t know what i don’t know why he i had to go buy a knockoff on amazon yeah that’s what i was gonna do and actually then he messaged me was like hey i have one i’ll send it to you and i was like oh i’ll buy it and he’s like no no just what’s your address i’ll send it to you and i was like jack good guy and now i told i sent him a message i was like dude i use this thing every night i think of you every night because i’m like i love this gun i love jack for giving me this gun this thing is amazing do you want um do you want an update on some numbers yeah so this month may may is over now but in may we’re doing a podcast push so we got about 630 000 listens so that was the number we were uh to put that in perspective that’s plus i think 34 39 month over month and so that’s 40 month from april to may and then the month before april march march to april was a 30 and then the month before was also a 30 right so basically since you started saying i’m going to focus on growth this thing started growing between 30 and 40 month over month we’ve doubled in the time that you said i remember we were at 300 something thousand then now we’re at 600 something thousand yeah downloads per minute now i don’t think i think june might be stable the reason why is because i don’t think people are going to be listening as much i saw a distinct drop on monday like mondays we normally have 35 000 listeners this monday was 18 000. right so i think i think we might hit a little trough of sorrow but that’s okay we gotta know to expect that but we’re gonna keep training but i think that we’re gonna hit a million soon and here’s some more stats our top rating we are number eight in itunes and in spotify in the business category which is pretty good number eight number eight wow uh we are at number eight still right now on spotify and for some reason we were number one in britain in the investing category i have no idea why uh but that’s the updated numbers i’m pretty proud i think you should be proud um a few things that people loved trungs thing was amazing people loved his your short ones people loved um you did one today on but that was june but yeah people liked it so far i think yeah um i uh i’m gonna i’m i’m posting that on youtube but i’m because it’s like my story i’m gonna put that on my youtube i think i deserve and i think that uh that’s gonna go viral but uh the numbers were good we grew a lot it’s working i think the best thing you said was to there will be a plateau whether it’s this month or the next month there’s always a plateau and i’ve talked about this before which was one of the biggest lessons learned as somebody trying to build [ ] is that these plateaus happen you should you know i used to think oh plateau means the you know the world is the sky is falling this isn’t working uh you know change everything no uh blah blah blah and it’s like no you know the dabbler quits and goes and does a different thing the stressor gets freaked out by the plateau thinks that they did something wrong and takes it personally and the master says oh there you are i thought you’d be here soon hello uh and then sort of dances with the plateaus and figures out how to get to the next level again so i think we’re gonna probably plateau somewhere here in the six to seven hundred thousands per month before we shoot through the million per and i was working with my wife yesterday she wants to launch a course you’ve inspired her shawn and she was all excited to start this thing she’s been talking for a month it’s a great idea and yesterday she was like halfway through recording the content and everything and she was like i feel horrible i’m like ah you’re there right right you’re there i’m like the 40 park yes yes and i like i talked to her and i was teasing with her but i was like sarah do you know why i’m good at what i do is because i know that that is normal and i keep going and you know why most people are not uh what who they want to be is that’s where they stop right but so what you have to know is that point where you you start high and then you get to low when you’re a little bit into it you have to a recognize that’s very normal that is incredibly normal and then you keep going just like if you’re exercising you’re like oh i’m starting to sweat i’m starting to sweat it’s like oh okay that’s normal that’s part of it now you got to keep going keep going right right right exactly if you if you put down the the butt you know the the dumbbell every time your muscles started to burn you would nev never you never grow right because the burn is right where it starts you know the growth starts and so i think for pre-launch there’s three points everybody hits that the first time you hit them you react pretty poorly typically uh the first is the overthinking phase that’s before you get started the second is the [ ] this is the the the the despair this is never gonna work this sucks uh the thing i was so excited about now that i’m doing it and it’s harder than i thought is this ever going to be good that’s where your wife’s at right now yeah and then there’s the last bit when you’re at the 90 mark and the perfectionist comes out and says no no no no it’s not good enough yet people aren’t going to like this it’s not going to work and you’re actually at the 90 to 95 percent mark and the perfectionist wants to pull you back to 50 and say no no we need to do all this other stuff before we go out there so i think those three points overthinking then the point of despair and then the the perfectionist point they have been pre-launched of every project yes so it’s very normal um so let’s talk about a couple ideas which i think you’re gonna you’ve got some stuff yeah by the way also the live shows are happening i guess by the time this gets released they’ll have already happened so you know whatever but after this like literally i might have to keep this ten minutes short because i gotta pack my bag i’m coming to your house in austin and then we’re going to miami it’s gonna be awesome can i just say that i think this is gonna be a game changer for us i think that we’re gonna see it’s gonna be fun to see these excited people you know what’s crazy is shawn and i like planned to do this like two weeks ago or we’ve been talking about it and then one day he texted me he goes do you want to go to miami for this time and we were going to go to crash someone’s event i don’t even know but we just said pocket yeah in done it’s subtle like we did over at text and then we got everyone rallied around it and i think a hundred people ish are gonna come to the austin one and then i think we’re at 500 for miami and it wasn’t until today that i thought and we’re speaking tomorrow so recording this on a wednesday but you’re hearing it on friday it wasn’t until just now when i right before the podcast i told dan what to do but i was like oh i guess we have to figure out what we’re going to say right what are we going to talk about so i told dan i go dan send out a google form to all the attendees and just have three things what look what city you’re in uh what question you want answered and what your first name is and then we’ll just like see the trends of questions and then maybe we can just rattle i think you told me that idea and and and we’ll just rattle that off but uh yeah it’s cool man you know like what if this this sounds so lame because it’s just internet nerds like you and me but what if like me oh and jack butcher’s coming now uh what if like me you and jack and andrew and all these like like these losers online yeah if we had like a nerds on tour i’m pretty sure we could get like 10 000 people to come to each one yeah yeah i think nerds on tour is a cool idea i think we should just do it uh maybe early next year we go nerds on tour uh that’s actually a great idea it’s isn’t it funny how the name is great dan let’s grab that domain nerds on tour let’s see if that’s available right now all right you want to uh what do you got what do you got okay so let’s do some ideas um okay so neighborhood 7-elevens so what is i love neighborhood 7-elevens by the way so i don’t know what kind of neighborhood you live in i’ll find out when i go to your house tonight but uh my neighborhood is kind of like i’m in the suburbs and so i don’t know in this neighborhood there might be 100 homes and there’s like a gate at the front it’s sort of like one of those neighborhoods where it takes you seven minutes to just get from your house to the front of the neighborhood because you’re you know you want to go to the grocery store the grocery store is only two miles away but like takes you seven minutes to get out of your neighborhood and then another ten minutes to get there it’s 17 minutes like round trip and um and there’s just like a hundred of these neighborhoods or a thousand of these neighborhoods in the suburbs like everywhere i go in the suburbs of california it’s like this and so i started thinking about uh two two ideas that came together as one in my head so the first was there’s a startup we had talked about called bridge no more and yeah we talked when we talked about that it was like just starting i’m pretty sure it’s a huge thing already well they just raised yeah 15 20 million dollars or something like that um love those guys and uh you know was considering investing i just thought the value is a little high but uh but yeah anyways i i think it’s really cool concept and their concept is it’s called fridge no more because like look in the future you won’t even need a fridge why because when you want something you’ll just push a button you want like two ice creams great they’ll show up at your door in like under 15 minutes how do we do that well we have these like super small kind of like cloud uh corner stores that are just like we’ll have like a hundred in every city and these cloud corner stores will be able to dispatch an order to you in a very small amount of time with a very low um like delivery fee and uh and go puff does this on college campuses that’s like a multi-billion dollar company i think and so i started thinking about in the suburbs the challenge uh is a little bit different and i thought why don’t neighborhoods just have a neighborhood corner store okay well how would that work so you told me about the vending machines thing last podcast so it got me thinking okay that was a good one right that was a good one as i was driving through my neighborhood i was like look at all these garages like would somebody not want 500 a month to turn their garage or part of their garage into basically just like fridges and freezers and then it could just get you know basically you just deliver to the uh you deliver to the neighborhood garage that’s the neighborhood corner store all the bulk wholesale goods you know your your water your all your drinks your sodas your uh snacks and your like ice creams or whatever and then in the neighborhood you would just have it where you just order and either you go pick it up uh out of the girl out of that garage or you know some kid in the neighborhood can just pick up the order make five bucks for just taking it from one part of the neighborhood to the other uh to bring it to you and uh the key would be the convenience of the speed of this that you could get it in like you know under 10 minutes to get something delivered to you so basically the idea is take the idea of 711 but use the sharing economy so put put a mini 711 inside of garages inside of all these suburban neighborhoods what do you think of this idea i’ve got strong feelings so before um well just let me let me let me get to it the sharing economy so kind of really got popular with airbnb uber i remember 2013 in the same way that all the older school magazines are all talking about crypto it was like the sharing economy so there’s a sharing economy for everything back in 2013 2014 and it was all we talked about and i’ve looked at the data and i’ve like tried to figure all this out i am almost positive that the sharing economy only works for like two or three things uber and driving um airbnb home rentals and maybe that’s it i’ve seen sharing economy stuff have you ever seen i just got pitched on this the other day and i just can never get i never am on board with it sharing economy for like youtube like tools and your yeah this idea has been around and recycled like a trillion times like hey why do i have to buy a drill my neighbor has a drill you know i just want to use it once why don’t i just rent the drill on demand locally that idea never works or at least it hasn’t ever and there’s probably a reason why it hasn’t um there’s a bunch of these sharing economy things like one was like you go to someone’s home and you cook dinner with them or they a private like if it’s a cooking lesson you know right even airbnb experiences doesn’t really work that well as a business it works as a nice little add-on thing for them but that’s not like where their value is um and i’ve always thought that sharing economy for most things is a horrible idea i used to share an office when i first started my company it was me sieva and one other company i think they were called rooster or something and they were trying to get people to make it was like storage so they were like wanted people to rent storage in other people’s garage and i would hear these guys on their phone trying to call constantly trying to get and they had zero users and i heard them trying to get user one user two i heard all the whole thing they would walk around on the phone it was so hard to convince anyone and when they did convince someone it never worked and so in terms of sharing economy stuff and like uh like this idea i’m almost always default i don’t know that seems really difficult do you agree um i don’t agree with uh okay i do agree that it’s difficult but uh like on the storage one so for people who don’t know there was a a batch of startups all trying to do this which was hey airbnb lets you rent out the excess space in your bedrooms your house um why don’t we rent let you rent out excess space in your garage and so omni started this way they ended up shutting down after raising a bunch of money um clutter tried to do the same thing clutter changed i believe they’ve made it but maybe they pivoted i don’t know what it’s now just a normal ass like we come pick up your stuff and store it in a warehouse distorted warehouses okay so yeah so i don’t know what the uh what what went wrong there but that was one that i would believe could work right because if i have extra space blah blah and these things you don’t get they don’t get used very much so they sort of just stay in storage for the most part there’s one reason why i mean and i and i’ve thought about this convenience it’s all about convenience so it’s the convenience that has to pay for itself so uh having someone stay in my house is relatively inconvenient but i could make three grand a month pretty consistently right okay yeah so it’s not about convenience it’s about money well no it’s a balance it’s it’s like it’s my convenience at a price now having someone store [ ] in my garage for 80 a month which is how much it costs to store stuff at a normal uh storage unit that’s just [ ] not worth it i don’t it’s not worth it to me it’s a pain in the ass and it’s not worth it it’s way too inconvenient right yeah so i think there is you know this trade-off i would also say i think a lot of people merge these ideas together so for example sharing economy what does share economy mean it means taking excess resources that are unutilized and getting them to be utilized right airbnb excess space get them to be utilized then there’s like gig economy gig economy is like more like uber um right like push a button and uh like push a button the guy’s gonna come pick you up and it’s not so much excess resources because that guy it’s not like that guy was just happened to be driving by anyways it’s like no he just made this his job um and gig economy so then people started trying to do that with like masseuses right like push button a masseuse will come to your house um you know like pedicures at your house or whatever whatever every every random thing and then there’s sort of like creator economy which is like a totally different thing altogether and so people started just like using these words pretty interchangeably and i that doesn’t work and in general almost all these are two-sided marketplaces which are just like effing hard to do it’s really effing hard to start a two-sided marketplace and when you do the prize is a billion dollars you know in your pocket and so you know it shouldn’t be it really shouldn’t be that easy but uh i agree so i agree with you that this probably a wouldn’t work or b uh would be like a real pain in the ass to do but good idea sean yeah but interesting idea in the sense that um i think it would be pretty game-changing in terms of convenience because it would be essentially like a cold vending machine inside of neighborhoods right like you know like a super vending machine inside of neighborhoods and if you could get it to work you now have every sort of suburban neighborhood uh you know to go spread into where uh a lot of stuff is done in cities partly because the people who build startups tend to live in cities not in the burbs and so um so a lot of stuff works in the cities because that’s where they live that’s what they know and then people are really densely packed into one area and so it’s hard to get things to work at a neighborhood level you ever been to a truck stop where they have like just a slab of concrete with benches and like 10 different vending machines all right there were just like an awning and then you could we’ll just do that let’s just do that in the burbs we’re just going to get that slab and put all those vetting machines right in there well that’s the thing like the question is what would you sacrifice one home for right because you need the space so either it’s got to go inside of a home right in the garage in the backyard and inside the house or it has to be so valuable that you could justify just buying one of the homes and converting it into some like commerce basically for the neighborhood and getting the permits to do it which is you know once we start talking permits it’s time to change ideas okay i got another i got another suburban idea for you so um the new golf so my buddy ben got invited to go play in this pickup game is pick a basketball game and uh it’s he didn’t want to turn it down because it was like like ballers yeah there’s a bunch of ballers that were like gonna go play there there’s like basic baller not real ballers well half half were actual like you know like good ballers and you know people who are like you know this guy’s gonna get drafted this year this guy trains the nba players what the [ ] isn’t ben like a little guy yeah but we met the guy who’s the trainer for the nba players this guy alex and i forgot his company name last time so i’ll shout out this time through the lens he’s the one building the master class for athletes so um through the lens so anyways alex was organizing this game and he was like hey you wanna go come play in this you’re i know you’re in new york also so uh come by and if you’re if you’re a nba fan you always see on instagram all the nba players in the summer go play in this one gym that’s like um it’s like in an apartment building so it’s like yeah my my friend used to live in that building like sky or something i don’t know what it’s called but it’s like yeah it’s in new york yeah it’s like this exclusive thing and it’ll be like lebron and carmelo and kevin durant all playing in this like little gym whatever so the guy was like hey we’re gonna go play tomorrow on that gym you wanna come he’s like [ ] yeah like all right who’s there and it’s like a bunch of like you know i don’t know billionaires children and like you know want to be nba players or whatever so they went and played and i was like how was it he’s like i was good but like you know hey i suck and b um you know i’m just trying not to get hurt right like he’s like once you know you’re 30 you got like i just had a kid like i just can’t afford to get hurt and i’m not playing regularly so i’m you know i just kind of like played it easy i guess which is kind of lame but that was the truth i said well you know same here i basically played basketball as like my favorite thing to do until i was like 27 and then like since then i’ve just been like well the odds of me spraining an ankle or spraining a knee is just too high i can’t like actually play the sport anymore properly and so i kind of opted out so i started thinking about like at every age there’s a different sport that’s like right for you so you know maybe in your 20s and 30s it could be something like basketball or soccer in your 40s you really there’s not many 45 year old like pick up basketball players that are that are going out there there’s always you know maybe the one old dude who’s like barely barely moving but for you need to graduate to another sport that is that matches your life athleticism so it might be tennis and you know a little bit older might be golf and then a little bit older like i think that the sort of end sport is basically uh just playing poker you can just do that in a wheelchair and you know it’s like the last thing you can do as like some kind of form of sport or competition and so uh so anyways it got me thinking okay if i’m i’m about to shift into the like tennis phase okay cool fine uh pickleball bro so then i started thinking about pickleball because i was like what is pickleball pickleball is mini tennis that is like kind of the best of tennis but it’s also easier on the body right am i right about pickleball i haven’t played yeah that’s what i see okay you don’t have to run no i would say it’s as hard on the body but it’s like it requires close to no skill right so okay the skill cap might be different uh but i also think there’s less less running around and jumping into it but like anyone can do it right so so it’s more accessible that’s kind of the point and then i was thinking about golf because i think once you hit i don’t know 50 plus it seems like golf is the major sport for that age and golf is like the least [ ] accessible thing right it’s super expensive it takes the whole day it’s hard as [ ] to like even be decent at golf um so i’m like how is it it’s amazing to me this even worked right like it’s kind of like mind-blowing golf even even has any popularity so what’s the point what’s the new one what is the new golf so can i tell you what i’ve been using yeah what are you doing i when i have friends in town or uh you and i won’t have enough time maybe we will tomorrow but uh like i had a friend named brennan come over whenever people visit uh i go um 5 5 p.m thursday or whatever come to my house and wear tennis shoes and i’ve bought tons and tons of wraps and so they get there i throw them hand wraps and i go we’re gonna box today and i throw them their thing and we wrap up our hands up i go all right we’re gonna warm up with some mitts i’ll show you how to punch we do that and then i go all right here’s an extra mouth guard we’re sparring uh and uh i i lead him and i we don’t hit hard yeah uh but like if they want every once in a while i won’t hit them hard in the face but i’ll get up in there and then i’ll pop them really hard in the stomach just so they could feel alive yeah they feel what it’s like to be alive and then i’ll let them punch me i had a guy to chip my tooth the other day and it’s been the greatest bonding experience i’ve done it with men women everyone with the women like well she’ll pop me real hard and i’ll hit her in the stomach like it’s awesome man it is awesome i’ve loved doing this with boxing it brings you together it makes you feel alive and it’s a fun sport because we could do it in my garage and you normally don’t box because it’s embarrassing to try in front of a bunch of people are you afraid to get killed yeah yeah and i know we’re not gonna like and they’ll see me i go put i go put your hands up watch and we’ll i like my moves so slow i’ll just kind of tap them i’m like look that’s all we’re doing we’re just gonna barely touch each other yeah so i think in the i think 30s maybe even 40s boxing works i think beyond uh boxing also doesn’t work because you know for obvious reasons um so so i think you’re you’re doing the thing where you’re basically as you shift in age you like shift in sport um and i’ve seen like i think i talked about this once before but like people have taken like so so i was talking to my friend sahil uh this guy saw him bloom people might have seen him on twitter he’s got a big twitter now and uh we were we were eating and he was talking about he used to be a baseball player at stanford he’s a pitcher and he’s like you know i got hurt you know that kind of ended my pro aspirations and then it was sort of like well this thing the sport i’ve dedicated myself to forever is pretty much useless to me at this point right like i will never play pick up baseball like what am i going to do go find nine friends on one side nine on the other side that all like baseball in the ass all i have four hours to kill and uh you know we have the right skills where we can like pitch and catch uh you know most people can’t even sit in the catcher’s squat like you know it’s just you’re never going to play baseball again and that’s true like baseball is sort of the worst trend worst access sport at an early age i think golf is the worst one at a later age and so i think that if somebody could take the characteristics that make golf work and create their version of pickleball i think you’d own a pretty valuable asset and i’m on the lookout to see what is this next one because i have several friends that didn’t invent pickleball but when pickleball started to get popular they built pickleball businesses some you know uh i can’t say their names they actually they’ve like literally asked me not to but uh one of them is they did equipment so like they just built like you know like an amazon fba business selling pickleball stuff and they were able to rank at the top because at the time pickleball wasn’t that competitive but it got more and more popular over time and then other people started leagues and there’s other people that are bar stools i think doing something on the media side i don’t know there’s a bunch of different ways you can ride these waves of new sports and so what makes golf work is that it’s i think it’s outdoors um i think that it’s uh you know it’s a chill sport so it doesn’t require like running jumping squatting like stuff like that like it’s you know old guys can swing the club too um and then all the bad parts you would have to change so you’d have to find a way to make it a 60 minute or 90 minute experience um you would need you know golf’s cool because you can do it by yourself you can do with one other person or do with four people so that’s good i’d keep that um you would not want to have it be where you need like thousands of dollars of equipment just to get started um or like you know pay to go do this thing and then you’d also want it to be where a beginner can like feel some sort of success and not just like i went to a golf course what about spike ball too athletic dude you think you’re still thinking like you you have athleticism still you got to think about you 30 years from now you got a bum hip the testosterone that you’ve been taking for 30 years has now wiped you out you’re you know you you’re going to be in a different phase you’re going to need a different sport at that time i think it’s got to feel like i just go for walks yeah but the walks don’t have the thing that the boxing is giving to you where you get to scratch the competitive itch and you get to do like kind of like um you get to feel alive you can still feel like you’re doing something uh walking is sort of like the most basic i think you got to take like shuffleboard uh shuffleboard level of movement and make it a like outdoor activity i don’t know what’s that one sport that old people play that’s like bochie watchy i don’t know what bocce ball is maybe this is bocce ball that i’m describing but i feel like maybe something like bocce ball is what’s gonna what’s gonna pick up so we need to go to questions i you’re not a fan of the new golf i’m not a fan of the new golf dude i’m telling you it’s gonna happen you’re gonna see the sport rise in popularity amongst older people and you’ll be like [ ] sean was right there was an appetite for a sport for older people that’s not called golf maybe but like i can’t it’s just like such an impossible thing to predict i mean like i would be it’d be better predicting which companies would be a billion dollar company than which sport is gonna be who like who would have thought a sport named pickleball was gonna be sick yeah i don’t know i would have put my money on slam ball but you know just to show what i know dan do we um do we have uh what’s it called did we get the merch so we have stickers we have shirts for the tour yep we got stickers we got shirts we got hoodies and then my first business in college was making buttons so i got some buttons for you guys too do you have the shirts with you i don’t they got shipped out yesterday they are arriving uh tomorrow into miami okay great so austin austin no shirts miami shirts everything’s going to miami yep okay and what about um and what who’s the guy who uh designed the shirts let’s give that guy a shout out too yeah let me uh pull it up dustin is his first name and he’s like he’s like a creative agency or like a kind of a design company or something yeah he’s got a creative agent from las vegas i’ve tweeted out you know hey give us some you know somebody give some designs we’ll we’ll we’ll hook you up and uh his were by far the most kind of like favorited or liked uh by people who said like you know pick this one these are the winners yeah dustin ionati he’s got an agency out in las vegas called artisans on fire artisan’s on fire okay sweet yeah artist on fire go check that out uh and he made the post economic shirt that’s gonna fly off the shelves are we giving this away are we charged for them i didn’t hear the the end result i got square set up so you guys tell me all right we’ll just head over down there all right can i hear one a funny observation yeah yeah so i’ve been listening to you guys for like a year now always on one and a half x so one of the weirdest things is having to listen to you guys in real time i’ve heard that before yeah sean sounds like he’s a couple drinks in i can’t believe that uh but i talk faster than sam right i feel like i’m i think we both have nervous energy well you talk really fast at one and a half x yeah that’s fair i can’t believe people listen to this on on speed this doesn’t make sense to me all right i gotta go i’ll talk to you soon i feel like i can rule the world i know i could be what i want to i put my law in it like no days off on a road less travel never looking back